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You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. All right, let's go to Kansas City, Missouri. and I had a few questions about so I'm in a market for a house by I never owned I'm 45

years old so I'm anxious to own I'm sick of dealing with apartment complexes. I make $52,000 a year

But I have student loans $20,000 in debt with that. That's my only debt. I own my car, no credit card debt.

Very good.

I bring in about, I bring in about 14.50 a month, you know, so 2,900, that's after the pension, I work for the city, so the pension,

and then I do another little retirement of 401B and then you know insurance so that's what I take

home about 1450 a check 2900 a month so the issue is here, Kansas City's like becoming like Nashville, everything is just shooting up and I'm

people are telling me you need to buy now you're gonna miss the boat and then I have people telling me you need to buy now you're going to miss the boat and then I have people

telling me the market is you know which I do believe it though Kansas City should

not be the price that it is I'm sorry it's a great lady but it's not be the price that it is. I'm sorry it's a great city but it's not on the coast it's not

Chicago. Sure but it is the reality I mean the reality is it is more expensive to buy a home right now. I mean that it the struggle is real and it kind of sucks but that is the reality and we have to accept that. What I will say though is the time to buy a house is not when other people tell you it's not when the market is just right

The time to buy a house is when you can afford to buy a house and so let's look at it through that framework and let's kind of walk through these numbers here.

So you've explained that each month you're taking home 2,900.

Now this 401B, is that voluntary? Are're able to get out of that?

That's voluntary yes because we have a pension where I am so that's supposed to be like an

add-on to our pension when we retired.

How much a month goes to that?

I pay a month, $100 a month, $50 a check.

Okay.

So what I would do, the way that we teach. of

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