You're the Richest Broke Guy I've Talked To In A While

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 15 September 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode features Rachel Cruze & Dr. John Delony. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. 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	We have Adam in Phoenix.
0:07.0	Hey Adam, welcome to the show.
0:10.0	Hello, how are you?
0:11.0	We are doing great.
0:13.0	What's up?
0:14.0	So, my wife and I have quite a bit of debt.
0:20.0	And so I was wondering how we should start working through that. My wife and I, we have quite a bit of debt.
0:24.3	And so I was wondering how we should start working through that.
0:28.6	You have about 150 in car loans and about 280 in student loans.
0:30.4	115 in car loans?
0:35.0	1-50 in car loans.
0:36.1	Okay.
0:37.8	Yeah, about 75 on each. Okay. And then about 280 in car loans. Okay. Yeah, about 75 on each. Okay.
0:38.8	And then about 280 in student loans.
0:41.8	Okay.
0:44.8	So when I called in with this greener, I said we have quite a bit in home equity.
0:50.8	So I was curious, is that something that would be on the table to sell our house
0:55.9	and just basically wipe it all out in one sale swoop? Or should we work our way through that?
1:02.8	Yeah, it's a good, that's a good question. Adam, how much do you guys make a year?
1:09.7	Net combined about 3.30. Okay. And for the home, how much do you,
1:17.5	how much do you owe on it? How much is left on the mortgage? About 385. Okay. And how much would it sell for?
1:28.3	Probably near eight. Okay. And how much would it sell for? Probably near eight. Okay.
	...

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