No, Absolutely Not! Don't Do It

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 12 October 2024

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Brought to you by the Every Dollar app.
0:04.3	Start budgeting for free today.
0:06.5	My wife and I, we've always refused to go into debt for anything other than a mortgage.
0:11.4	Good.
0:12.1	This last week, we just paid off our house.
0:15.0	We did a 15-year mortgage, paid it off in four years, four months.
0:18.1	You're amazing.
0:19.0	Longst.
0:20.1	Thank you.
0:20.9	How old are you?
0:21.6	I'm 30.
0:23.9	What's the house worth?
0:26.8	It's about 390 right now.
0:29.0	Way to go.
0:29.8	How much in your nest egg in your 401k and stuff?
0:33.6	Yeah, so our raw pay raise, between the two of us, we got about $306,000.
0:39.8	Dude, you're going to be a millionaire when you're 35. Way to go.
0:43.7	That's the goal. Then we have mutual funds also. That's about $118,000.
0:47.8	$118. Wow, good. Good for you.
0:50.3	Our total annual income between the two of us is approximately $120,000.
0:57.0	The question I have, long story short, my in-laws own some hunting property.
1:02.0	My father-in-law passed away this past May.
	...

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