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The Ramsey Show

This Can Make You a Millionaire in 10 Years (Hour 2)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.538.5K Ratings

🗓️ 14 June 2023

⏱️ 40 minutes

🧾️ Download transcript

Summary

Dave Ramsey & Rachel Cruze answer your questions and discuss: "Roll my credit card debt into my mortgage?" "Should I leave everything to my wife in the will?" "Is the goal of wealth realistic at 70 years old?" Should we move in with my in-laws to save money?" Support Our Sponsor: Zander Insurance DreamCloud Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! 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 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Early V love

0:25.1

live

0:28.7

If you want to one little bit in

0:32.7

subscribe if you want to

0:40.8

In just six parts, just run a

0:41.7

ח

0:53.1

825-225, Shane starts this hour

0:57.6

in Baltimore. Hi Shane, welcome to the Ramsey show.

1:00.1

Hey Dave, how you doing?

1:02.1

Better than I deserve, what's up?

1:04.1

Alright, so I feel like I know the answer to this question,

1:07.1

which I hate, but I wanted to hear from you.

1:10.1

So I recently purchased a home from my grandmother

1:13.1

who passed and I knew it was essentially a steal

1:17.1

to buy because I was going to get it way lower than it's actually value at.

1:20.1

So long story short, I have equity in the home

1:22.1

which is awesome, but I've been struggling internally to figure out if I should roll my

1:28.1

credit card debt into that home, into the equity of the home,

1:32.1

and then pay that off with gazelle intensity.

1:36.1

I have $26,000 in debt, credit card debt,

1:40.1

and I make 85 a year.

1:46.1

So your single?

...

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