Our Favorite Calls of 2023 (Part 2)

The Ramsey Show

Ramsey Network

Investing, Education, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 29 May 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

While we're out for the holiday, we've compiled our favorite moments from the year so far into a special episode. We hope you enjoy it and we'll be back with a live show tomorrow. Let us know what you think in the comments. 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! Enter The Ramsey Cash Giveaway for a chance at $3,000! https://bit.ly/TRSgvwy Shop our bestsellers during the $10 Sale! https://bit.ly/TRS10Sale 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	Hey guys, George Campbell here, and you're listening to a replay of some of our favorite moments
0:04.4	from this year. Have a great Memorial Day!
0:30.0	Live from the headquarters of Ramsey Solutions, broadcasting for the pods moving in storage studios,
0:40.0	it's the Ramsey show where we help people build wealth, do work that they love, and create
0:47.6	actual amazing relationships. George Campbell Ramsey personality is my co-host today,
0:54.1	open phones at AAA, 825-525, Annie in Spokane, Washington starts this hour. Hi Annie, welcome to the Ramsey show.
1:04.2	Hi, thank you so much for taking my call. Sure, what's up?
1:08.1	Yeah, so my husband and I have a slight disagreement and the question is, should we pair mortgage
1:15.3	and empty our savings account or keep it low for about 150,000 and then do a few home improvements and
1:24.6	that would be a new foundation window than a HFAC system. Okay, so how much is in savings?
1:34.6	Right now we have 608,000 in savings. Okay, and the balance on your mortgage is what?
1:40.8	600,000. Okay, you said 608,000? Correct, it would be this about a month and a half to two
1:48.7	months worth of emergency fund if we pay off our mortgage. You have an emergency fund in addition to
1:54.8	the 608? No, the 8000 is a month and a half, I got you. Correct, yeah. And your household income is what?
2:03.6	At 203, approximately about 203,000 and then also we do have, we're just signing a 10-year lease
2:11.9	for some farm ground and that will bring in 30,000 a year for 10 years.
2:18.0	Okay, so you have a quarter million dollar income and all right, we do not tell people to pay off
2:27.7	debt and leave less than three months of expenses. Okay, so let's fast forward from today a couple
2:38.4	of months and now you've got 630,000. Okay, that day I would pay off my mortgage. Okay, and then I'm
2:51.1	going to use this fabulous income and the extra $6,000 a month to build up some little buckets of money
3:00.4	to do these renovations that we want to do. Okay, yep, my husband said that's what you'd say, but
3:08.0	well, I'm fairly predictable. I've said it over and over and over. I said the same thing all the time.
	...

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