Sell The House To Pay Off Debt?

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Ramsey Network

Investing, Self-improvement, Education, Business

4.5 • 840 Ratings

🗓️ 2 November 2024

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today. My wife and I,
0:07.4	we've been kind of going back and forth on selling our home to pay off debt. I've been kind of
0:14.7	an idiotic at the last few years. We can all say that at some point in our lives. Thank you for having the self-awareness.
0:21.8	Yes.
0:22.8	Hold money out and, you know, to build a pool and do things we probably didn't need to do.
0:29.7	And, you know, we, I guess the issue, we pay our bills, we eat, we live, you know, pretty normal lives. But it's gotten
0:41.7	tighter and tighter and it feels like we're not, not really moving at all, kind of just
0:47.4	spinning our wheels. And so what's your household income?
0:50.8	I think about 170 did. About 170.
0:55.3	And how much consumer debt do you have?
0:58.1	Everything but the mortgage.
1:00.7	About 182.
1:02.6	Okay.
1:03.2	Yeah, you're feeling it.
1:05.2	What kind of, so you tell us, can you break down that 182?
1:08.9	And by the way, does that include the mortgage?
1:10.7	Yeah. No. It doesn't. Okay. Can you break down that 182? And by the way, does that include the mortgage? Yeah.
1:11.8	No.
1:12.3	It doesn't.
1:12.9	Okay.
1:13.3	Can you break it down for us?
1:15.8	So you did a helock for 60 and built a pool and actually paid off, paid off some debt with that,
	...

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