Should I Leverage Money or Pay Cash for an Investment Property?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 15 May 2024

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is sponsored by SmartVester. Connect with an investing pro for free at Ramsey Solutions.
0:11.0	Com slash invest.
0:22.0	You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. Royces is in Dallas, Texas.
0:24.0	Hi Royce, how are you?
0:25.0	Good, how are you, Dave?
0:27.0	Better than I deserve.
0:28.0	What's up?
0:29.0	So I am a finance there, I guess you say graduate
0:34.2	finance student I'm getting my MBA my undergrad and finance cool and so you know how
0:38.1	all them are they do they teach you to go out and leverage and so on and so forth
0:42.3	okay the financial situation that I'm in is I'm completely
0:46.1	dead free. I have $100,000-ish-something dollars of invested money in Morgan Stanley and then I have some other stuff through some
0:55.1	401ks I have $30,000 or $30,000 on-hand cash and I have an opportunity to buy a
1:00.9	$50,000 house. Would you leverage some part of it, the renovations,
1:05.9	would you buy it all cash? Because my whole thought pattern is if I leave that money working and
1:11.0	do parts of it, So like finance 25, cash
1:14.0	25, cash on the restoration, it allows some of my
1:17.8	money to still be working.
1:20.3	Yeah.
1:21.3	Well, back when you had common sense before you got your MBA you would have never done that
1:26.0	Right
1:27.4	So I agree with you on that partly then so my thing is is so do you think that there's ever situations
	...

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