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The Ramsey Show Highlights

Who Let You Borrow This Much?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 27 May 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

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0:06.5

Okay, so me and my husband were 25, and a year ago we purchased a camper and a truck

0:14.5

because the payments on that were going to be cheaper than what our apartment was going to be,

0:18.8

which is going to be almost $3,400.

0:25.7

And now we're stuck with a camper and truck and we're going through baby steps and we're trying to figure out if it's worth keeping the pay down until it's out of the upside down

0:29.7

or to sell and then pay on the upside down.

0:33.1

Do you still live in it?

0:35.5

No, we do not.

0:36.7

My mom has a rental house that became available, so we lived in the rental house now.

0:40.3

So the plan that it was cheaper was not executed?

0:45.3

Well, yes, it's not cheaper if you didn't need.

0:48.3

Now you just have a camper payment.

0:50.3

Yes, now we just have a camper payment, which are renting it out currently um as of like an

0:56.2

Airbnb vacation and it's paying for it but we're worried when summer's over if it's not

1:02.2

i just don't want to have that what if it doesn't get paid for so we how much how much do you

1:07.3

all on the camper a $115,000.

1:12.0

Good gosh.

1:13.0

Holy Jesus.

1:16.0

It's like an apartment on wheels.

1:17.2

It has a washer and dryer.

1:20.5

It's a massive fifth wheel.

1:22.1

What do you all make a year?

...

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