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The Ramsey Show Highlights

This Is One of the Worst Investments You Could Make

The Ramsey Show Highlights

Ramsey Network

Business, Investing, Education, Self-improvement

4.5839 Ratings

🗓️ 2 March 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

💵 Sign up for EveryDollar today - Create a free Budget! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 🏦 Take Your 3-Minute Money Assessment - Get a personalized money plan! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership 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

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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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