Tips for First-Time Home Buyers (Hour 1)

The Ramsey Show

Ramsey Network

Investing, Education, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 3 May 2023

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & Jade Warshaw answer your questions and discuss: "What should I do with $100k in savings?" Tips for first-time home buyers, "Do I make enough working at a non-profit?" Doing an interest-rate buy-down, "How much of our inheritance do I owe my sister?" "Should we use our house as a rental when we move?" "Our homeowner's insurance went up $4k! " Support Our Sponsor: Churchill Mortgage BetterHelp Zander Insurance Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! Enter The Ramsey Cash Giveaway for a chance at $3,000! https://bit.ly/TRSgvwy Shop our bestsellers during the $10 Sale! https://bit.ly/TRS10Sale Enter The Ramsey Cash Giveaway for a chance at $3,000! https://bit.ly/TRSgvwy Shop our bestsellers during the $10 Sale! https://bit.ly/TRS10Sale 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

Transcript

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0:00.0	MUSIC
0:28.1	Live from the headquarters of Ramsey Solution, broadcasting from the pods, moving and storage studios.
0:35.1	It's the Ramsey show where we help people build wealth, who work that they love and create actual amazing relationships.
0:45.1	Jade Warshall Ramsey Personality is my co-host today. We're going to be talking to you about your life and your money. It is a free call. The phone number is triple 8-825-225.
0:56.1	That's triple 8-825-225. Caesar starts this hour in Chicago. Hi, Caesar, how are you?
1:04.1	I'm doing great. Is it Cesar or Caesar?
1:08.1	Caesar. It is Caesar. I'm like Julius Caesar.
1:11.1	Got it. I did not mess it up. Good. How can I help?
1:15.1	Thank you so much. Yeah, I'm 26 years old, tuned in from Chicago.
1:20.1	I have approximately 100,000 in my saving. I have approximately 50,000 in mutual funds that it's parked in a Roth IRA, Roth 401K.
1:31.1	And I feel like I have a lot of options. There's a lot of pressure to buy. I'm thinking about buying the building.
1:38.1	And it's putting a lot of pressure on me, but there's a lot of options that I really don't know what to do at the moment.
1:45.1	And I would like your advice about my situation.
1:48.1	Do you have any debt? Zero debt. Zero debt way to go. Are you married?
1:55.1	I am not married. Why is it some woman snapped you up?
1:59.1	I know that's right. No, there's a woman. Yeah, man, you're killing it. Why are you going?
2:06.1	You're killing it. Why are you going proud of you?
2:09.1	So is your personal, is your personal residence paid off as well? Or are you a buyer yet?
2:16.1	I am renting at the moment in Chicago. And this is my situation for renting.
2:21.1	It's a two bedroom. It's a thousand dollars a month. And I'm splitting it with a roommate, $500 each.
2:28.1	Wow. Stole that.
2:30.1	So you're not in a hurry to get out of that.
	...

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