We Bought Too Much House… What Do We Do Now?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 25 August 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, and George Kamel. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.7	Let's go out to OKC, let's go to Oklahoma City and talk to Isaac.
0:15.3	What's up? Isaac, how we doing?
0:17.3	Hey, John, hey, George.
0:18.5	I'm doing good. How are you guys?
0:20.0	Outstanding, brother. What's up? Okay, so I bought my first house. I moved from California to Oklahoma. I'm feeling like I bought a little more than I can chew, so I need some help on understanding that. And then am I doing the right stuff with my finances, like, budget and whatnot?
0:37.1	Okay. More than you can chew, like budget and whatnot. Okay.
0:41.7	More than you can chew, like, too many rooms to vacuum or more than you can chew,
0:42.8	it's you bought way too much house.
0:44.6	You know, it's too much, too expensive.
0:44.9	Okay.
0:45.6	Too much money.
0:46.0	Okay.
0:47.3	What's your take home pay?
0:47.6	Yeah.
0:53.3	Monthly, it's about 2,186.
0:55.2	I make about 40K a year.
0:56.1	Okay.
1:01.3	And what is this mortgage payment with the property, insurance, taxes, interest, all that?
1:03.5	So it's 1,100.
1:04.7	Oh, my God.
1:05.3	Whoa.
	...

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