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Live from the headquarters of Ramsay Solutions, broadcasting from the pods moving in storage

studios. It's the Ramsay show. This is where we help people. Build wealth, do work that they love and create actual amazing relationships.

Rachel Cruz, number one best-selling author, Ramsay Personality. My daughter is my co-host today. As we take your questions about your life and your money, the phone number,

AAA 825-5225, the call is free and some say the advice is worth exactly what you pay for it. Dan starts off this hour and Tampa hight, Dan, welcome to the Ramsay show.

Hey Dave, how you doing today? Better than I deserve. What's up?

Hey, thanks for taking my call Rachel. Nice to hear from you as well. I wanted to give a call today. My wife and I, we got married last year and

recently we've saved up enough money to purchase our first home. Currently we have saved more than 5% and even 20% down for a home.

So my biggest question today is, is it a good idea to start and maybe do 5% or 10% to start as the world is in a very interesting place?

And also, is it still a good time to buy a house? I know that you mentioned back in June or July, but then was the best time to buy a house. And so I want to make sure I'm a good husband and a good

good dude on my money and just love some feedback and listen about that.

Dan, you're such a good guy. Just so mature. I just appreciate the thoughtfulness already. When it comes to buying a home overall, the principle that I always say is to make sure that you're the one that's ready to buy the home and it's not necessarily what the market is doing.

So it's not necessarily a great market and you could be broke and it would be devastating for you or it could not be a great market, but you financially have the money that you're able to jump in and you're like, you know, why not let's just do it right.

So like there's where you are Dan financially is the most important thing. And so everything that you've laid out so far I'm assuming you have no debts and an emergency fund on top of the down payment. Is that correct?

We do have a five thousand dollar car payment. It's like $75 per month. So that's the only thing currently. How much do you have in savings? How much do you have in savings? Is that with like my everything or everything?

We're talking probably over 110 ride a check today and pay off your car.

Okay, now you're dead free because you don't qualify about house until then it under Ramsey rules. Okay, because we don't want broke people buying houses because when broke people buy houses, it makes them broker and when you got a car payment, you broke people.

Okay, so now you're now you don't have a car payment anymore. We just got rid of that. We need to allocate three to six months of expenses of your money to the side for your rainy day fund.

Okay, that's all set. Okay, and then in addition to those two things, the five thousand in the six months, how much do you have to put down in the house after I took five thousand dollars?

So what I mean, taking out of it, say it was 110, we'd be at 105. My biggest question. No, no, no, how much is the how much of that's the emergency fund?

Oh, the emergency funds about 30 grand of that 100. Yes, okay, so now we have 75. Okay, that's what we've got to work with. 75,000 dollars. Great. Now what's your household income?

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