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The Ramsey Show

“The Tenants Pay My Mortgage” Is Bullcrap! (Hour 2)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.538.5K Ratings

🗓️ 12 April 2023

⏱️ 38 minutes

🧾️ Download transcript

Summary

Dave Ramsey & Dr. John Delony answer your questions and discuss: Why more debt always equals more risk, "Should I save for college or pay off the house?" "How do I pull money from retirement and not drain my account?" from the blog: How to Take Money Out of Retirement Accounts Downsizing after the kids are gone, What to do with extra income. Support Our Sponsor: Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 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

去了

0:19.7

Live from the headquarters of Ramsay Solutions, broadcasting for the pods moving in storage

0:33.2

at studios, it's the Ramsay Show where we help people build wealth, do work that they

0:41.0

love and create actual amazing relationships.

0:44.6

Thank you for being with us America.

0:46.1

It's a free call, a triple eight eight two five five two two five.

0:51.4

Sebastian starts off this hour in Canada.

0:53.7

Hey Sebastian, welcome to the Ramsay Show.

0:56.0

Hi how's it going?

0:58.2

Better than I deserve, how can I help?

1:01.8

So I'm 35 year old, married or kid.

1:07.4

I recently bought a new house maybe three years ago, paid cash, no 928 thousand.

1:16.8

I make 80 thousand a year and I have a lot of a couple of houses in real estate and my question

1:28.5

is should I try to pay down those mortgages in that my tenants are technically paying for

1:38.6

or should I try to invest for my retirement?

1:46.0

Yes, you should do both.

1:50.0

And by the way, tenants don't technically pay for anything, they may be pay their rent

1:54.5

and then you may be can use that money to pay your payments.

1:58.9

So only beginner landlords say things like the tenants pay the rent because those of

2:04.9

us that have owned rental property for a few decades know that that's a sham.

2:09.2

So anyway, so you own two properties that you have debt on, how much do you owe on those

2:16.0

two properties?

...

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