Should I Buy My Dream Car? (Hour 2)

The Ramsey Show

Ramsey Network

Investing, Education, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 6 March 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & Jade Warshaw answer your questions and discuss: "I lost my dream car on a game show. Can I afford to buy it?" Investing in company stocks, A debt-free scream AND wedding proposal! "Should we sell our house to invest the mortgage payment?" What to do with an old 401(k). Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Take our FREE 3 minute assessment: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Tonight.
0:03.9	Live from the headquarters of Ramsey Solutions, broadcasting from the pods, moving and storage
0:32.7	studios. It's the Ramsey Show where we help people. Build wealth, do work that they love, and create actual amazing relationships.
0:42.7	Jade Washall Ramsey Personality is my co-host today. Thank you for joining us. Open phones here at AAA8255225. That's AAA8255225.
0:56.7	Anna is with us in San Francisco. Hey, Anna, how are you?
1:00.7	Good. Thank you so much for taking my call.
1:04.7	Sure. What's up?
1:06.7	Okay. So I recently went on a game show and I had the opportunity to play for my dream car.
1:12.7	I got so close, but I lost. And it's just killing me. I'm so sad about losing and not getting this car.
1:20.7	My husband and I talked it over and we want to know, A, can we maybe afford to buy this car? And B, if we can, is it a wise thing for us to do?
1:33.7	Because sometimes dream cars are just dream cars, right?
1:37.7	I am trying to recover from all of this in the moment. What is the car and how much does it cost?
1:45.7	You know the answer to all of this. By the way.
1:48.7	The stadium did in your X3 and it's $50,000 on the money.
1:52.7	How much money do you make? Your personal income.
1:56.7	Well, to get combined because I don't work right now is about 175 a year.
2:02.7	Okay. And the car is 50,000. Yes. What is it?
2:06.7	It's a BMW X3. Oh, you said that. Okay.
2:11.7	So do you currently have debt? No debt.
2:16.7	No debt. Do you currently have savings?
2:20.7	We have just over 100 grand in savings. Yes.
2:23.7	And what do you drive right now?
	...

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