Should I Consider a Reverse Mortgage?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 4 February 2022

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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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, Christy Wright, Rachel Cruze, John Delony, and George Kamel.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:13.8	Elizabeth is in Boise, Idaho.
0:16.2	I, Elizabeth, how are you?
0:18.2	I'm good.
0:19.2	Thank you.
0:20.2	Good.
0:21.2	I have a question about reverse mortgages.
0:24.2	Do you have an opinion on those?
0:26.2	They suck.
0:27.2	They suck.
0:28.2	Okay.
0:29.2	I have a lot of home repairs.
0:34.2	I'm in my middle 70s.
0:37.2	And because my home is older, there are a lot of repairs and renovations that just
0:45.2	seem to be piling up.
0:47.8	And so for $50,000, I could probably have this house.
0:52.9	And you don't have any more?
0:55.2	Well, I have a fairly decent pension and income stream, but it pretty much gets eaten
1:04.2	up with medical.
1:05.2	But you don't have any money.
1:08.2	You don't have any savings.
	...

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