Our Mortgage Is Half Our Income!

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Business, Investing

4.5 • 840 Ratings

🗓️ 21 March 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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.
0:06.4	Rosalie is on the line in San Antonio.
0:10.0	Rosalie, how can we help?
0:11.8	Hi, guys.
0:13.7	So I'm having a little bit of buyer's remorse with our house.
0:19.3	We sold our first home last year, and then we bought a new home this time last year as well.
0:27.2	And I just feel like it's just way too, way too much money, and I'm having a little bit of
0:33.7	remorse here.
0:34.5	Oh, what happened?
0:36.6	Block us through the numbers.
0:38.8	Okay.
0:39.6	So, we bought it, our first home in 2017, and we made $100,000 in equity.
0:45.4	Okay.
0:46.7	And then I paid off my school loans, and we paid off our vehicles, and so we were debt-free
0:52.9	except for our mortgage.
0:54.5	Okay.
0:55.0	We bought about a $500,000 home.
0:59.7	Okay.
1:00.2	And we make about $10,000 every month. That's what we're bringing home.
1:05.3	Okay. How much is your mortgage payment?
1:09.0	$4,000.
	...

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