Why a 40-Year Mortgage Is a Terrible Idea (Hour 2)

The Ramsey Show

Ramsey Network

Investing, Education, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 17 April 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dr. John Delony & George Kamel answer your questions and discuss: "Should I pay off my student loans or buy a house?" Why a 40-year mortgage is a terrible idea, "Should we sell my husband's car?" Pausing retirement to save for a house, "Which debt do I tackle first?" from the blog: How the Debt Snowball Method Works, "Should I stop paying off debt if I'm about to lose my job? from the blog: When to Pause Your Debt Snowball Support Our Sponsor: PODS Moving & Storage Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET 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 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	N
0:28.8	Live from the headquarters of Ramsey Solutions broadcasting from the pods
0:33.5	moving in storage studio it's the Ramsey show where we help people build
0:38.1	wealth get out of debt to work they love and create incredible relationships
0:43.2	I'm John Deloney joined here by good friend George Campbell and we are taking
0:47.2	your calls on everything life money work relationships or mental health
0:52.5	whatever's going on in your life
0:54.2	825-225 before we go to the phones I want to get to the question of the day
1:00.9	the question of the day is brought to you by neighborly your hub for home
1:05.0	services this isn't listen George this isn't in the copy the number of times
1:11.0	I email or text somebody at work saying hey do you know a person here you know
1:15.9	a person you got a guy here and the neighborly's like I am all of those guys
1:20.5	and gals yeah I was sick of trolling my neighborhood Facebook group searching
1:24.3	like who knows a guy who has good right and they did all the work for us John
1:27.9	19 service brands nationwide you can find reliable help from great locally
1:32.3	owned businesses like mr. appliance mr. handyman mr. and dryer vent wizard
1:38.0	and George's side hustle mr. how could you possibly be wearing jeans that
1:43.5	small visit neighborly dot com today for help with just about anything for your
1:48.6	home today's question comes from lacy and indiana she says I have the
1:52.7	opportunity to pay off my student loans if I save for one year my other option is
1:57.3	to buy a house I know interest rates are high but there's always the
2:00.5	possibility of refinancing there are also good tax benefits that come with
	...

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