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The Ramsey Show Highlights

Quit Taking Money Advice From Your Broke Friends and Family!

The Ramsey Show Highlights

Ramsey Network

Business, Education, Investing, Self-improvement

4.5839 Ratings

🗓️ 26 August 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

💵 Start your free budget today. Download the EveryDollar app! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 📝 Share your thoughts on the show! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today.

0:06.0

Hey, so kind of a weird situation, I need to get some advice from you guys.

0:11.0

So here's the gist of it. My wife and I are currently in the process of looking to buy our first home.

0:18.0

We are debt-free and have always been, been a big, big fan, big believer of just doing

0:24.8

things debt-free.

0:25.6

And we are actually in the position to pay the house entirely with cash without house poor.

0:33.2

Awesome.

0:33.9

Yeah.

0:34.3

So we are super nervous, excited.

0:38.9

It's as most people can know, it's a huge purchase.

0:42.4

But we're getting some pushback from friends and family, mainly because one of the main

0:48.3

arguments is that that can be put into investment more in the market instead of just buying a house the normal way

0:59.0

and doing a mortgage. So what they're saying is if you had a paid for house, what these people

1:05.0

are saying is if you had a paid for house, you should go borrow on it and put the money in mutual

1:08.3

funds. Yeah.

1:11.3

Okay.

1:13.0

Well, let me help you with this.

1:17.7

We did the largest study of millionaires ever done in North America.

1:20.9

Detailed, airtight research.

1:27.4

The conclusions we came to in that study have been so thoroughly vetted and the research methodology was so

1:28.6

tight that if you don't agree with the conclusions of that study, you're what's known as wrong.

1:34.3

Because this is data, it's facts.

...

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