Tell Your Ex-Husband To Pound Sand!

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 9 August 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, and George Kamel. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.6	Joining me today is Ramsey personality, Ken Coleman.
0:15.6	Lisa is in Phoenix.
0:18.5	Hi, Lisa.
0:19.1	Welcome to the Ramsey show.
0:26.5	Hi, Dave. Thank you. What's up? So I purchased a home in March of 2021 for $675,000. I did a remodel of about $200,000. And of that, I had a partner, my
0:36.3	ex-husband. He donated $157,000 in the remodel, and the intention was that we would sell it in March of 2023, make a profit, do that a couple more times, and then be mortgage-free.
0:51.5	So the issue is this month, my excess minutes decided instead of waiting until March,
0:57.5	he wants his money in August. So I should come up with $157,000. And so my question is,
1:05.2	should I take a home equity line of credit out of my current home, or should I sell one of my investment
1:13.1	properties, which I really don't want to do, because I have equity in both of those homes?
1:18.0	The home in question, are you living in it?
1:21.1	I am.
1:22.1	Okay.
1:23.0	But your game plan was to sell it next spring?
1:27.2	Yes. Yes.
1:28.1	Okay.
1:28.4	But the market has been some really crazy.
1:30.1	And your ex-husband was your husband at the time that this all went together, right?
1:34.2	No.
1:34.9	No.
1:35.3	No, he was my ex.
	...

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