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The Ramsey Show

You Choose: $1200 Car Payment OR 3 Million Dollars? (Hour 2)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.538.5K Ratings

🗓️ 10 March 2023

⏱️ 39 minutes

🧾️ Download transcript

Summary

George Kamel & Rachel Cruze answer your questions and discuss: "How can I possibly afford a house?" Short-term vs. long-term mindsets with money, Accessing retirement without tax penalties? "Collectors won't negotiate with me" from the blog: How to Pay Off Collections, Buying a car in Baby Step 2. 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? Take our FREE 3 minute assessment: https://bit.ly/3nInETX 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

MUSIC

0:30.0

Live from the headquarters of Ramsey Solutions broadcasting from the pods moving in storage studio

0:35.3

It's the Ramsey show where we help people build wealth do work. They love and create amazing relationships

0:41.8

I'm George camel Ramsey personality join this hour by Rachel Cruz and we are taking your calls at AAA 825

0:50.0

5 2 2 5 that's AAA 825 5 2 2 5

0:55.2

Josh joins us up next in Johnson City Tennessee. Josh welcome to the Ramsey show. How you doing?

1:02.3

Doing good. Hey, thanks. You guys for helping everybody out today. I appreciate it. Absolutely. What's going on with you?

1:09.1

So I'll try to keep it brief. I feel like you guys have probably answered this close to a hundred times in the past couple months

1:15.5

My wife and I are first time home buyers were not quite in the market yet

1:20.4

With our income and our situation, you know, we've done the baby steps were to 3B were saving

1:27.4

Money every month and put them into actually some mutual funds to try and get interest on that stuff

1:33.0

But in this market it just it feels

1:36.1

Almost impossible. I mean there's houses in my area for

1:39.9

You know 33 bedroom to bathroom

1:43.1

17 minutes worth each three hundred twenty five thousand dollars

1:45.7

And you know the family have four with two jobs in a business

1:49.4

It's

1:51.6

It's just not it's not feasible. So what like what kind of advice do you have for individuals and couple and families in these kinds of situations?

2:02.2

So how much money do you have saved?

2:05.1

So we've got you know towards the house right now we only have three

2:10.1

But we're putting five hundred dollars a month in some mutual funds

2:13.0

Okay, Josh I we I I hesitate where you're putting your money. I understand you want it to grow

...

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