I have one last z: solutions: broadcasting from US dollar rebels Lydia, that's the day. Ramsay show one that is just in the pay of mortgage has taken the boys of the Bmw status. They ran through your hosting you put your initiative. We call a Tripoli eight to five five, two to five, that's Tripoli, to five five, two to five. The is with us in Saint Louis, I Arturo. How are you

I'm good, sir! Are you better than I deserve? What's up, so I kind of wondering what the best course of action and Mama tell your real quick among twenty seven years old, come on baby step. Three b, I learned about all your programmes about two months ago: and just want to say. Thank you hear. Your knowledge is is very helpful for many people. I thank you don't. You know right. Thank you. Thank you. I have about seventy eight thousand dollars saved up. I am single and I don't know if I should buy mental property I live in Saint Louis, it's their spouses here for less than which I can purchase in red. First, with seven In fact, the around there- or I should buy small house or small condo endless, keep and even though I am not going to be happy with that purchase, you're not gonna, be happy with that purchase?

You mean you slightly our aim here. If I were you, I would you would you like me? by something I won't livin? That's that's what I was saying wanna be rent free. I understand that there is a big step, but it's something I wouldn't really be happy living there. I travel quite a bit and leaving my stuff Then there is not a good neighbourhood. I feel really comfortable fiscal. So what is your income seventy three thousand a year or two. Seventy eight thousand come from savings. Peter saved it up here, about twenty five hundred a month, and I've been doing this job for about three three years now. Ok. Well, way. I look at this and when my asked me a question almost of any kind, I ask myself if your shoes? What would make me have some money question?

What would you let me have the most money and the best life ten years from now which of these two choices, now. The way I would know what to do is number one. I've done this along time. Teaching people work with a lot of people for thirty years. Number two, We study millionaires. What do you want to? in doing so. We want some money and I find most no millionaires that rented, while they bought rental property the majority of them by home. Pay. It off save and invest. By rental property like that's almost all of them. And so that's what I would tell you to do now as far as buying home goes our condo that you like that you be won't live in leave, yours, Meanwhile, while travelling all those kinds of things, get that only problem. Whether there's two courses to go where one is it right, where you aren't save a blow more money

you're savings maniac. Do your own fire, save emblem money and then go back something a man. You have another thirty thousand bucks in a year and so on another? Thirty thousand after that, or I don't yell at people for taking up debt on a home. So by your little condo, that's a good neighbourhood that you're comfortable with your stuff and be in and that will go up in value and the minutes put fifty percent down in a rational. For you know a hundred eighty grand hundred sixty grander, whatever something like that, and you can get something good for that and Saint Louis now, if you, if you do that then surrenders pay that often the next like what three years I mean you're going really fast put it on a fifteen year fix, but pay it off really really fast. So by the time you authority, you're sitting there, the house was gone. The candles grown up and values, our two hundred blush and its paid for now. That's that's a big building.

Look in your millionaire house that we want to build culture net worth. So, if you about something now and bland pay. It off very, very quickly appeared on a fifteen year fixed. I don't yell at me. For doing this, the only dat that I don't yell at you for taking out, and now I will tell you in fairness and always put this disclaimer out, there are money for anything. So if I up in your shoes, I would be forced because I have a rule. I do not borrow money for anything ever under any circumstances ever period? I quit because I found That is really the shortest well path to wealth, I would be in your shoes, I'd be sitting there renting and I would pile obligation on Bosnia, property and like that property upkeep, followup cash, because I had no right now in pilot, more cash.

And then I would move again and the Good NEWS is twenty. Seven you're single immobility quite like few hours right amaze, not that much do it. It's not like oh married people them in collecting crap for forty years after Mary move. You know it's like your stuff jumped in the truck you girls and so does not have deal, so you could buy something that way wait a year by a hundred and seven thousand dollar property. Two years later you got the cash plus that sell that property new move up some about two hundred thousand problem. We could go out if you want, I dont borrow money so in full disclosure, that's the way would end up doing it. But if you to go the other route. You would still be under the column of someone wise and that's following them, then formal steps that someone who has one to five million dollar net worth goes through an that's the process.

Charlie, is whether in Philadelphia, I Charlie. How are you I did think for thinking micro, economic, So my wife and I will bring home about seventy seven hundred I was a. We also have two hundred thousand dollars in that about a year ago. She started to me, Turkey company so far she made about twenty four thousand, but we haven't touched any that money, we reinvested in the business. Now. My question is thinking about bidding her job, so she can do the business full time. The meaning of that she was. She thinks she can double in the next year. If she has more time and focus on their. I just wanted to get Europe back on that. What does she might now around forty three thousand? And so, if she's wrong,

You take a twenty thousand dollar pick out in your household. You go from forty three to twenty four if our supposition is wrong, everything were sure of isn't she may twenty four at a business, and so if she's wrong and the business doesn't go up just cause she's at a full time. She took a twelve nor pick up. That's what happens if she's wrong, so what I tell folks is is it that might be an ok, pray given that you make as much money as you make. You got a lotta dat. That's weighing this decision down! That's the problem, but I think she might be right, but here's the ears away. I look at it. You want the boat close enough to the dark that when you jump from the dark you can hit the boat and what that means, as you want her income to be closer to her music therapy in going to be close enough.

Day, job income that when you make that job it doesn't feel like you're, just hoping you can hit the boat and you end up wet in the lake, you see what I'm saying this is a pretty of our leap you're describing, but it might be that you work at a few more Let's see if we can get that authority on twenty four May, if you might get twenty five bucks our three thousand dollars a month. That's thirty! Six thousand dollars year! That's not a far jumped from forty you could do that once it s a step. So maybe we work this. Was just a little more and let's get it up and give up. We and win. Edit resolutions, were big vans of leaving a positive the legacy for our children, love, faith, responsibility and a powerful financial legacy. Friends

time share does not fit into that equation. Do not leave your children, a legacy of increasing timeshare maintenance, face of high pressure, a grade sales presentations or a dad that extremely difficult to offload timeshare exit team- can help you leave a better legacy. Call them today: aid for four nine, nine, nine exit, eight for four nine, nine nine exit or time share exit team dot com joys of whether various bar or North Carolina welcome, but I Ramses show George. I follow you better than I deserve. How can I help we're looking for the best way to pay for a brace, Kilburn Colleague, Barn bear a good alternative five, twenty nine boy. He don't have the restriction. What kind of research

Are you trying to avoid like a kid bit, decide not to go to school? Ok! Well, you get the faculty. Nine birth is whether just get start, then that sort of thing right you by mutual funds, there's a couple of different ways to do that. Grandparent. You don't have quite the influence that you do is apparent. So with our kids, we We would welcome it if it was your children to do the five point honour that, yes, the educational savings account which has to be used for college, but then pretty much brainwash them that have a college fund and you're going to college you're? U S college! going to college, but as grandparent you don't have that option. So you don't think you think there's a probability that the pay its aren't going to brainwash the men to go to college, we appear to have a look at the facts: twenty nine who, in their thinking about the restrict his I think they will, but I think, you're looking into this future, if something happened and they did not, I was just trying to think of the best,

to provide money for them is to help the parents about money for them, for the best way is the five twenty nine, because it keeps the government's hands off of the growth, its tax free growth, and so the probability is fifty percent- that they're not gonna go to college. I wouldn't use a five twenty. Not if the probability is five poorest, no they're not gonna, go to college. I would use of five twenty, not ok. There's always a chance. Some kids minor go to school and then you can transfer. The money does sibling. You know a lot of them things whether you can actually now pay for private school for K through twelve, whether this last tax law change that so there's a few things like that that you can do by You know again it's a probability thing in your minds. If it's just like, oh, I don't know, We'll do that well, you're, not money not trap the government. Does it take the money it just penalizes. You on the growth is if they don't go

again, if it's a five percent probability that they might not go and if they work scholarships bottle. I couldn't make an academic or ethnic scholarships or something you can pull, that much of the equivalent amount out of the five twenty nine without any taxes on it. Oh, ok, something about five thousand dollar scholarship in profound, does not resolve the family. Now, there's no taxes on gray, and may I ask you a quick question here- is a rule of thumb for the proceedings that you re drop dead II would withdraw from your retirement. As not said the place here are your money every time. I know it's a ghastly thing. Yes, that is no more! you ve got it invested in the growth stock, mutual funds and I do and if it were returning like mine, have been returning north of twelve percent. If you pull less than while percent out and its growing at more than twelve percent you're. Never going to get into the principle, and so

we tell folks, you know, don't pull out more than six or eight percent. If your own twelve, your earning six and you pull out six, your eventual, probably gonna get the whole there, but less than your earning average on the investments considerably less and that's why you Ever really touched the goose dealing with? Is the golden eggs, the income where's the golden eggs, the goose is the principal and that's what your facing Myrna is whether in Atlanta high Myrna, how are you I that so good to talk to you too, my husband and I have been following your programmes in two thousand and fifteen, We are currently a baby set for we are pregnant. And we are currently living in a basement, but without it better than the Baby Department and the same

I that we can eventually by a house in Arabic Oh go was to be able to buy the town. We act. Your thing the fallen in love with it. By that, how you don't you agree, yours, or whenever the owner decisively, could there currently ninety two and I'm looking to move on? And so my question is they actually let us now recently that they're interested in selling it and wanted to know, interested, which does not sure now is the best time for us to buy. But we love this house so you're out of your ear. Out of that, you have, your emergency fund implies. And you're putting money into retirement, if you saved any money for a down payment, working on it. Now so, and we just started that process How much are we got something for you down payment.

Right now we only air at like three thousand hooker, and how much is this house. They haven't. They even have an official price presenting its do other comrade family, I'm thinking it's gonna, be the printing. Fifty in three three hundred and so on. Can they will they give you a little time to scratch together your down payment, I would have to find out. It sounds like you're turning fell by the end of this year. And what is your household income? We like six thousand? So if you stop temporarily putting money into your retirement, and you lean on baby step. Three be yours payment. How much could you have saved by the end of the year we get, We probably upwards. Every thirty or forty is now was forty girl.

I put you in a really strong position when I didn't think about stopping the retirement of temporary thing. Sometimes folks, baby step for, while their saving for a house, some so they temporarily for the first home purchase, we'll stop their thereby be sent for, and we call that baby step three b. Then above your emergency funds, I mean you're down payment and I think that's gonna get you there. I think you're in good shape, yea If you want, this house sounds like if they'll give it at the end of the year to scratch together, you're down payment, you probably ambient pretty decent, shaped, abide. Fifteen year fixed rate, Nepal should not be more than a fourth of your take home, pay, rubies and pitch Hi Ruby. Welcome that ever amnesia tidings data with you today to have you. How can I help,

then I'm going to do a lot of life changes very now. Actually it may have been man. You have been an iron nuclear programme and I really felt that it so we basically paid off our student loans. He didn't have very many, and I have always been that free, em and the now you know we're married. We actually have a baby on the way and you haven't you and we're looking at moving, where my husband has hitherto three hours away with his work and looking at a house purchased, and so my question is actually related to companies that I have been working in the tech industry Part of my compensation has been company start up investing in over the last few years. And I realize I've never touched it and as of now, my best value is almost a hundred and fifty thousand dollars and so under just wondering right now, you know we have about fifty thousand we got pregnant and we got on this programme. We decided saving money. Can we need our health and our future

so I'm even after two thousand and seven right now I joined come is two hundred thousand tat. We make em, you know we have. We make a decent income together and we're looking at purchasing a house for three hundred and two thousand dollars in the next six months, and so I'm looking at this right now. If we want to move forward on the purchase we'd like to move forward on it, because the baby is on the way he had borne by it, we don't. I had enough saved right now with our fifty five pound and so I am wondering if I should take out some disgusted stock, all of it and put it all of it and a third of the mortgage. You. It's two dollars down on three fifty and then by the stupid house, often three years, also that Russia, while this house an Ah, it's like us- your house for us, but I am a lawyer. I have a depressed piranha pay it off.

We are calling for an item that when you shoulda paid off house, you know they give you a check you're, not gonna lose money by paying off. Motion are gone and you don't know It's gonna happen so right now, you're the house it paid off as quick as you can good money no wall around and that make your move, we three hours work. Do you know when you're pregnant unworthy of doing this? Is that over Asia.

Thanks for joining us, where I got in the lobby, Ramsay solutions of Daniel Jennifer are where those guys are. You are you d better than deserve welcome, welcome and how much debt have you to pay off is two hundred and eleven Thowt hundred thousand dollars, one hundred to honour eleven hundred thousand one hundred and ninety one dollars and thirty four cents wow I? How long did it take thirty four months broker? a range of income. During that time it was one fifty starting, and ended at two hundred. Where do you live Connecticut to? What do you do for a living? I'm an accounting

then I'm an advisory manager for a big global for very cool. You guys, two hundred and eleven that also now what was mostly learns about a hundred and seventy five of it was student. Learn who, But if everything else we are on offer. Ok, we got a car loans, connachar loans, pretty much everything. We were normal as it with your normal. So little wow. Look at this from a lot of that no older than you guys. Aren't we so I mean thirty four mine, so three, so seventy thousand euro cash flow. This. I guess right and while we have thirty four months ago that when you got married gonna throw your what we just got engages gotta condo and I sat down and try to understand finances yellow, combining our finances in everything and when you put all those

together I was like. I really don't know as a finance major. I don't know much about personal finance, though so I googled No finance went one in your name. Came up last year park ass, I came home and this guy makes a lot. Sons, actually, gentle when we start listening to him and she got em we're pretty quick Accounting major had no trouble getting a whole. Now, ok so how long it then you get married after that right, yeah. We can put our wedding and then, after that, once we were married, you know we were elected into high gear brother in law, bought us a few as a wedding. A foam on great courage will want to you. The called to get help to get our Nokia. He actually paid has often like three or four months I kind of Tom about you. I gotta get ideas. He pays pretty quickly to jump in there to why I'll show you gotta get never buy onboard good, very This is impressive. You guys that's a lot of that. It was at that

I feel, like you lost three hundred pounds, a huge really do: have the weight Antoni already People the key to getting out of debt. Is you have this impressive result? Communication persistence. You don't we always sat down and did our budget every month and talked about every dollar and where it was going and just stuck to our plan. Even all our friends we're going out- and we just you, know sir home, and you know why I'm here, you bet on beans and rise. I mean look at this year about you sure hadn't been do anything you ve. No life have you for mass underwear, I mean you make a couple hundred a year. I order you to train trainer couple hundred a year- and you have no doubt at all on the Europe an amazing position again very well done very, very well done so was the hardest part of this. For you all the hardest part, I think, was really just sticking to the buyer.

You know seeing everybody go out every weekend got to dinner movies, all that stuff. No, we like to socialize with our friends and hang out so staying home and really just say, two, it there's really helpful anytime. I feel a guy. I wanted the louder. I want to buy this nice gift. She was there to be like we have. Every dollar then the budget and the budget itself, Similarly, when she will not go out, we had a good we're gonna work off each other through ad than the thirty four months you hold each other up. Does it's it's a long track in thirty four monsters? That's that's amazing, but there's one at that This is very cool, very proud of you in the jam more people share, and you are saying you were insane Ilsa makes about, isn't it makes? Some family family members are always be always been that don't worry about it by other fellow members. I know you got this, you can do it just with the amount of that we had. It was a huge amount to climb so deftly, took

time remember before I think when I turned twenty nine, unlike in a way we have enough, my analysis was just make them less payment and you say relief after that. I love it very cool. Congratulations. You do very, very well done gonna copy a crystal. Retire inspired book for you, the needs to be the next chap your story that your millionaires and outrageously generous along the way you are on track? I mean he's, got a great income. You should be able to do that. Pretty quick very well done Daniel I'm Jennifer, Norwalk, Connecticut, two hundred eleven thousand dollars paid off in thirty four making one fifty to two hundred counting down. Let's era that british groom three two one why I love it? Well done you guys very! very well. That lie.

Is whether, in LOS Angeles highlights how are you Mr Rand, these such an honour to talk to you or you too. How can I help? Ok, so I just wanna stay the same number one. Twenty years old I've been married for a year may have been, and now we're on baby said number two. We have seventy thousand dollars in that bad is forty. A thousand dollars as didn't love too bad certain, an actor and ten thousand ten thousand dollars for his car, and then I think, two thousand for medical belt around seventy thousand but my car is dying slowly, but surely leave me on the side of the road half the time. I am in the pickle where I dont know why you stop babies that number two in favour I saw your car or, if I suggest, push through ad

later on by a car early here. What's the deal, what your household income. I make forty seven thousand. Dollar and he makes thirty eight and we live in southern California in a tiny studio apartment We re a thousand dollars a month, heard of in my area, do I know I know, very well, then ha so how many times exactly have you been on the side of this year had February for Polly twice three time last year for time, in the whole year last year and already twice, I thought about forty thousand miles left on my car, according to my very honest mechanic now, so what

happening to the car than is leaving you on the side of the road it all fourteen year old car, it's my first I got it when I was nineteen. Sixty corvette that does not leave me on the side of the road became. What is happening to the car: of an age Leaving your father had watched the type of breakdown you have everything from like tat to not phyllite transmission fluid. If we do not have to be fixed and on the other side of the road, what broke it out, if you broken down on the side of the road, he asked what broke down the left you on this rather out of tune up there, Do that leaking turns? Doesn't do that? Why you know it's a l desktop. I want, I don't want, you won't turn on those. Sometimes recent happy retards the battery. Sometimes it's bam. It's the most Some things that I keep taking back in and I just don't know that

casting my money, then then about you, I probably would save a couple thousand dollars input with his car and by a different car shots, others car and put a couple thousand dollars with it. And do that by a better car, and then I want the drive that car- and I want you to take- is ok. There's he doesn't. The federal law federal law is wife gets the good car. I recording right here we both on the southern Sudanese we his, but not you yeah, I think so What are they gonna? Stop for a second here, get you something there wouldn't be reliable transportation and let's go

in the game than real hard, but not not mine. I beg couple thousand bucks I'll do it? says that I Ramsay Shell,

What is inside man? Are you today about like a vile whereby to remove the word Nepal work? I went to school to home for money, my girl, or you know, I think, to buy a plate and underscoring wise and, at the point where real estate as a long term play specially burst,

residents owning it is a wise investment. We tell folks not to I, until their debt free, have there urgency fund Plaza. On payment, then, on top of that, don't take out more than a fifteen year fixed rate mortgage. The payment is no more than a fourth overtake homepage, so you can turn get it paid off as fast as possible. Shall we get a debt no for good and which make a site about thirty, five thousand good for you, what your income it'll be fifty three thousand? How would I do she just ask What should agree on its accounting for Yoni landed a great great job, already straight out? Well done, yellow. Luckily you Dayton anybody got a girlfriend, you ok, pretty steady or what we ve, been waiting for about four years: static: ok! Well,

sometimes guys by our house when their single and then they find out after their married. It was the wrong house. I heard what you said about buying the need to find out how far you need to be from your mother in law and beyond the first year. They get to know each other in the first year. Marriage self, I'm not not hurry for you to buy a house at twenty to you This was done a lot of very wise things. So far you ve saved money. You ve got. Really good job and a career failed as very marketable gotten, a degree in that career field, its very marketable. You know your ear obviously wise beyond your years and all of those regards if you want to buy something, hold back enough of that thirty. Five too, let your three to six months of expenses, emergency fund and by I wouldn't be mad. If you waited eighteen months and see how this relationship stuff goes, and a little more cash. I just don't want you to wait ten years to buy right

So I would- and I'm not telling you any of this regarding all hot the market is one where the other it's more baseness. You, are in your stage of life, things that are going on with you. You know you can take your time a little bit I would by home in the next few years. You know it now. Are you do in the next few years? Whichever is the place you wanna do that, but I can promise you that two things would occur if you were to marry this young lady one is your then comes gonna, probably double which would change the how she would potentially look at and secondly, are obviously you know her opinion, her vote. He's gonna come into the equation in that minimum. So, are you by something new may salad and move after you get married, but that they ok to. How does this market is are we gonna come out on that? It's not the end of the world, so You can go ahead if you waited too,

the three others other stuff plays out. It's nothing I wouldn't way five years old Wade, tenures machine as Witherspoon Boca High Michel. How are you How are you better than deserve? How can I help you today we must learn the and having much to thank you for coming down to judge by the great tonight. I appreciate you. Thank you. We love that church. We passed her shoes he gave me today is a matter of fact airlift Youtube. It gave me these the girl shoes? anyone very cool actually here and or why cooler than me. It's ok the currently in baby, set number two down to our last it stood alone much. We should be done with by October, God willing might Falcon. I inherited a home about four years ago and even my mom passed away. Without leaving on well I had co signed for her on that and we

more on the deed. I told him I was taught with rights of survivors ship. I've seen tat, I paid all the bills on their. The house has been went. And I have a brother, my issue right now, because I've heard him in the past. Ceremony, another you in the past, say that we should not have a cop He will give greater at a distance. We are here, implored up at the house. About five and a half hours away. Who enters the are really great days and pay on time is worth. The house is worth, got some comes from one of your real peace and then another wheelchair as well call me maybe about we could put it on them. It for about one, eighty, nine and what I was told. One, eighty nine to one nine hundred zero. Two hundred and fifty dollars piled the middle of your table. Your kitchen table the chances of you going.

Hours away in buying original property is zero right, For my only reason you would keep this property. Is that your emotionally attached to it, because it was your mom's? Did you live in this properties, a trout I lived in it as an open as an adult. I went to grad school and stay there with her. She helped me out, but my issue is that I have a brother who is not on the deed? and he's not on the home and who I would like to preserve a relationship with He is a real ter and he lives up. No, I am not here he's not an archaic light. There is not really on board with me selling the house right now, because he showed that we're not gonna make much of a profit. We make our having to pay anything for it, he's not dead, and it's not his problem the only way you can keep your relationship with your brother is that he you do

He says and what he says is a bad idea got other issues with your brother, he's an older brother, Isn t. Of course he is he's acting like yeah You know I wouldn't mind by Jean Valjean. Can I only say in art you show your planning on giving him some of the money I'll take. It. I mean I don't wanna several times, and I was thinking, maybe splitting it with him. I mean, though he had not truly, honestly, he hasn't? He hasn't contributed to it running a lady is not only, there was no mail, was there any index from your mother that was supposed to happen? I mean again a relationship you have to pay for his call prostitution. I mean that's, not a relationship, the only way that guy's gonna be happy as you give him money and he gets to tell you what to do. He's got other issues, so

They told me that directly. He hasn't told me that I likely, but I dont mind if you want to put the money with him. I want you to do it out of strength rather than out of intimidation all that, well I mean I'm afraid, I'm not gonna relationship of either that or money. That's intimidation, right, that's no strength, so you guys to pray about this party out about it. So this is your house guy. What do you want me to do? You're my father, my brother, his opinion counts, but it doesn't make my decisions if I'm in your shoes. Our house, and if you want to give him some of the money, I'm ok with it, do it from a sense of peace, a sense of strength, not a sense of I'm trying to make Someone happy who's, never happy! You know it is through control

People like that your whole life and is never enough found them in your mom. Didn't leave him apparently a reason. So in again, if there's some kind of other conversations that were had with your mom that I'm not privy to in this discussion than we can change that whole thing, but I would not be keeping the house and if he, launched if he wants to buy, he can mine I can buy, but I don't know how we are making a profit, because not his house so much as authorised the prophet issues not than issue you would not put a hundred and fifty thousand dollars cash in a rental. Five hundred are five hours away. It's not wise, so hope that helps I'm showing it. The only question is whether he's gonna be man and a male

give him some money, and the only question is whether these gonna be mad, but those are just things you have to work through, as part of the relationship is not part of the decision. Really, thanks for common, that puts us, our that I ran to show in the books are thanks to James Childs, our producers, like Dumbson, our senior he's now our chief production, remedy solutions and carry them social vision, phones, greater, I'm day, Ramsay what we take eyes. This is James Childs producer of the Dave Ramsay Shell. I'm excited to announce that were now carried on six hundred radio stations across the country defined want near you have today bravely dot com, slash shell

have you got questions about retirement, investing becoming an everyday millionaire, go beggar and broader with my man Chris open on the gross open chap. I M excited to be able to talk to you all week in week out we're gonna focus on your calls, and it's going to focus on building well investing and how to become an everyday millionaire subscribe to the Christian, ensure wherever you listen about gas, hey, it's you producer of the Dave Ramsay show this episode.