Sell Before the Economy Crashes?

The Ramsey Show Highlights

Ramsey Network

Business, Investing, Education, Self-improvement

4.5 • 839 Ratings

🗓️ 16 April 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Brought to you by the Every Dollar app.
0:04.2	Start budgeting for free today.
0:06.7	Yeah, hey, I was, I'm just calling to, my wife and I, we bought our house in 2021 for about,
0:14.0	we bought it for 500,000.
0:17.4	We put 100 down on it.
0:18.9	We had about 100 in our savings account that we kept in there, too, for our emergency fund.
0:25.8	We have now paid it down to about 2.
0:28.4	We owe about 280 on it as today.
0:31.2	Very good.
0:32.0	So in three years, we've put down another 115115,000 into it.
0:38.2	You're killing it, dude.
0:39.9	We have no debt.
0:41.7	Our cars are paid off.
0:42.8	We have no debt, and we have still about 100 in our savings account today as well.
0:48.2	We are worried about the house economy crashing here in the next six months or so and our mortgage rate
1:02.2	is at 2.5%.
1:04.5	Let me stop you.
1:06.4	I'm sorry.
1:07.0	Why are you worried about the housing economy in Denver, Colorado, crashing?
1:12.9	I don't know.
1:14.0	I think my, I don't know.
1:16.0	My wife is, she's more of a realist than I am.
	...

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