Never Borrow Money for a Rental Property (Hour 2)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 6 June 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & Jade Warshaw answer your questions and discuss: "Should my husband take this promotion?" Why you shouldn't buy a rental property with debt, Student loan pause coming to an end, Managing money after a spouse has passed away. Support Our Sponsor: Zander Insurance Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	god
0:03.0	Live from the headquarters of Ramsey Solutions, broadcasting from the
0:32.9	pods of moving and storage studios. It's the Ramsey show, but we help people.
0:38.9	Build well, do work that they love, and create actual amazing relationships.
0:45.9	J. Washall Ramsey personality is my co-host today, open phones here at
0:49.9	triple-eight, eight, two, five, five, two, two, five. Olivia is with us in
0:55.9	Rono to start this hour. Hi Olivia, how are you?
0:58.9	Hey David. How are you?
1:01.9	Great. How can we help?
1:03.9	Good. I just sort of start off by saying that I'm actually in FPU, Rachel's FPU class right now.
1:10.9	I'm super excited about that. I am a state home mom to two-year-old triplet boys.
1:17.9	Whoa.
1:19.9	Yeah, it's crazy. My husband is a car salesman in Bristol, Virginia, and so his commute is about 45 minutes to an hour.
1:32.9	He also has very long hours, and so he leads the house at seven and gets home at nine thirty.
1:38.9	Therefore, I am by myself with these three crazy boys for that whole time.
1:45.9	I just need some guidance as to, I'm not really sure.
1:50.9	So he has been a car salesman for about a year and a half.
1:54.9	He is up for a big promotion. The CEO has actually said that he is next in mind for a finance school, and that would be a huge raise for us.
2:07.9	He is making about 100,000 to 115,000 right now, and he would be making about 250,500.
2:15.9	Doing what?
2:17.9	Being a finance manager.
2:19.9	A finance manager.
	...

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