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Live from the headquarters of the Ramsey Solutions, broadcasting from the pods of moving

in storage studios. It's the Ramsey show where we help people. Build wealth, do work that they love, and create actual amazing relationships.

Open phones this hour, AAA8255225. My co-host today, Ken Coleman of the Ken Coleman show, author of the number one bestselling book, from paycheck to purpose.

He is our Ramsey personality, specializing in jobs and careers. You got questions along those lines. We're certainly here to help.

The phone number, AAA8255225. Mark is in Detroit. Hey Mark, what's up?

Hey, thanks for taking my call today. How are you guys doing?

Better than we deserve, sir. How can we help?

Good. My wife and I are 42 and 41 years old and we've made it to baby step seven. I'm calling with a question on what we do as far as an intentional act for our goal that we have for retirement.

We own everything that we have. We have zero debt, zero credit cards, and I think about $350,000 in investment portfolio at the bank.

My question is, our goal is to purchase land in Eastern Tennessee and build a house and retire there. About seven to 10 years.

The question is, when do we pull that money out to purchase it? Because I know the land and that side of the state goes up kind of quick.

Investments can raise too. So when do we pull that trigger? Is it sooner rather than later or do we do it right before we are ready to build and move down there?

I would do it right before we move down there. The land and East Tennessee isn't going up any faster than any of you are else.

I mean, I grew up, I mean I was born there. I grew up in Tennessee. I've been doing real estate deals all over Tennessee and including the mountains of East Tennessee.

It's a good plan. I love your plan, but it's not like you're going to get perished out of the market or something. So what do you make?

So my wife and I are Tatecombe is $150,000. Excellent. Good for you. So you got seven years to pile up some cash. What's the size of this project? Do you think money was?

I'm guessing between purchasing the land and building it there were even some probably were around $850,000. And our current home is worth $550 to $600.

Okay. And with the money that we have in the bank and the money that we can make between now and then we'll retire.

The other money now. If you sold your house, you could go do it now, but you just not ready to do it right now.

Yeah, it's a matter of, it's a matter of I have seven and a half years to go until I retire. Yeah.

When I retire, I'll have a pension for the rest of my life and my life life.

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