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The Ramsey Show Highlights

Y’all Are Broke People, Man!

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 22 January 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

💵 EveryDollar - The simplest way to budget for your life! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 🏦 Take Your 3-Minute Money Assessment - Get a personalized money plan! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

brought to you by the every dollar app start budgeting for free today logan's in lexington

0:07.4

kentucky hi logan how are you good dave how are you better than i deserve what's up hey so uh real

0:15.3

fast i'll give you a a backstory of where i'm at today um uh apr of 22, my wife and I got married.

0:23.9

Before we got married, I had about $30,000 in my bank account.

0:27.8

She had $5,000 student loan and $17,000 car note.

0:34.3

Pretty much as soon as we got married paid that off got that out of

0:37.8

out of like to care of we then rented an apartment for a year and decided we're

0:45.5

going to stay there until we had enough money to put a good down payment on a house

0:49.4

unfortunately after that year we had an opportunity present itself to buy a home from a family friend at a pretty well-discounted price, well below what the home value was.

1:04.1

We knew that it was too much house for us.

1:06.1

It was a 4,200 square feet house.

1:08.1

$315,000 is what we paid for it.

1:11.3

First-time homebuyer, so we didn't have any money to put down, 0% downs what we got, 6.25%

1:18.2

interest rate.

1:19.5

We knew it was going to be a lot, but we tried anyway.

1:22.5

We live there up until November of this past year, barely making it, living paycheck to paycheck,

1:29.2

struggling, our marriage was struggling, and we just decided we can't do this anymore

1:33.6

if we want this to work, and we do.

1:36.7

So we end up putting the house up for sale, sold the house in seven days for $415,000,

1:43.2

so $100,000 more than we gave for in March.

1:48.3

After realtor fees, et cetera, et cetera, we walked away with $77,000.

1:54.9

Within the time that we lived in the home, we accumulated $10,000 with a credit card

...

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