Should We Sell One of Our Houses To Pay Off Our Kid's Mortgages?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 16 June 2021

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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, Anthony ONeal and John Delony.

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:14.2	Carol is with us in Sacramento.
0:16.2	Hi, Carol.
0:17.2	Welcome to the Ramsey show.
0:18.2	Hi, Dave.
0:19.2	How are you?
0:20.2	Better than I deserve.
0:21.7	How can Ken and I help?
0:23.2	Okay.
0:24.2	I have a question.
0:25.2	I'm actually a Ramsey coach and also everyday millionaire.
0:29.7	We have three homes that are paid for and we are also a co-owner with one of our children
0:36.3	due to a divorce.
0:39.4	Our question is this, if we sell one of the rental homes, we could net about 560,000,
0:47.4	which is almost an up to pay off the kids' homes and surprise them.
0:51.6	We don't quite have enough or about 60K short of paying off both of the homes.
0:57.8	Should we do that or should we keep the house or should we sell it and put the money in
1:03.2	mutual funds?
1:05.0	I'm confused.
1:06.0	You said kids' homes.
1:08.0	Two homes?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.