Rental Property Is Never Truly “Passive Income”!

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.6 • 3.6K Ratings

🗓️ 19 April 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, George Kamel & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

Click on a timestamp to play from that location

0:00.0	The episode is sponsored by Smart Vester.
0:07.0	You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building
0:14.6	wealth, and outrageous generosity.
0:17.9	Byron or Brian, I'm sorry, is with us.
0:21.0	Bren is with us.
0:22.0	I'll get it right in a minute in Springfield.
0:23.7	Hey, Bren, what's up?
0:24.7	Hi, I just wanted your own device on Is.
0:27.5	You think that we should pay off.
0:29.9	We have a house that has a mortgage on it, but we have renters in it right now.
0:33.4	I was wondering if you think we should pay it off or sell it.
0:36.7	Okay.
0:37.7	Do you have a personal residence?
0:40.4	So we live and work on a ranch, and housing is provided here.
0:45.6	And so as long as we stay here, we have a house.
0:47.8	And then when this rent sells or the owner passes away, the house that we live in is our
0:53.5	screen clear.
0:54.5	The ranch house?
0:55.5	Wow.
0:56.5	Yes, but it's a brand new home.
0:58.6	So nice deal.
0:59.6	Okay.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.