This Is One of the Worst Investments You Could Make

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Ramsey Network

Business, Investing, Education, Self-improvement

4.5 • 839 Ratings

🗓️ 2 March 2024

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Brought to you by the Every Dollar app.
0:04.3	Start budgeting for free today.
0:06.3	Tiffany's on the line at Houston, Texas.
0:08.7	What's going on, Tiffany?
0:11.9	Okay, so I actually wanted y'all's input on something.
0:17.1	So me and my boyfriend have been kicking around the idea of, you know, renting or
0:22.2	should we buy like a mobile home and just stick it on a piece of land? No. No. Never.
0:30.7	Because there are mobile homes around here for like 24,000? Yeah. And guess what it's going to be
0:35.4	worth in six months after that? They go down, down, down, down, down, down. It's one of the worst investments you can make, honestly, Tiffany. It's like buying a giant cannonball and trying to hold it in the water. It's just you're going under. You can't keep the cannonball up there. It won't float, folks. So I'm just telling you, why would you do that?
0:55.0	It's not a good investment. I'd rather you rent and keep some stability, but not, you know,
1:01.2	buy an asset that's going downhill. And don't buy something together with someone you're not married to
1:06.5	as well, Tiffany. Okay? That's a good point. So don't put your, don't put both of your names on something.
1:12.4	I mean, it needs to be very separate.
1:14.8	Have you ever lived in a mobile home?
1:17.1	Yes.
1:18.2	Did you like it?
1:20.6	Well, I was pretty well too young to remember.
1:23.8	Okay.
1:24.1	Did it have a Redwood deck while I'm asking?
1:28.0	As far as I remember, no. Okay. They it have a redwood deck while I'm asking? As far as I remember, no.
1:29.9	Okay.
1:30.1	They had like a lighter wood.
	...

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