The Ramsey Show - App - This Whole Thing Is a Mess! (Hour 1)

Episode Date: October 19, 2023

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. Jade Walsh, our Ramsey personality, is my co-host today. As we answer your questions about your life and your money. That's right, baby. We're going to talk about you right in front of you. The phone number is 888-825-5225.

The call is free, and some say the advice is worth exactly what you pay for it. Carlos starts this hour in San Francisco. Hey, Carlos, how are you? I'm doing well. How are you? Thanks for taking my call. Sure, man. What's you? I'm doing well. How are you? Thanks for taking my call. Sure, man. What's up? Exciting. First time calling. I have a question. My wife and I have been saving for a while. We have 20% down for a house here in the Bay Area. Whoa, you got a pile

of money. I know that's right. Pretty much. It's 1.5 or above. We also have a year's worth of emergency fund. You know, if I was to not be able to work for a couple of months or whatever. I am the only income in the household. My wife stays at home, and it's just confusing. It's a little scary. I mean, we have prepared for it, but it's still a large amount of money that the homes are going for out here. Oh, yeah. I just wanted to kind of hear your guys' advice. It's a large amount of money that the homes we're going for out here. Oh, yeah.

I just wanted to kind of hear your guys' advice. I mean, we've done everything that you have asked of us with the baby steps, no debt, two daughters, two and under. And, you know, we rent currently. Our rent is pretty okay. My work pays for a chunk of my rent, so it's even better. We want to grow our family as well, or we want to continue growing our family. But, yeah, just kind of. How old are you? 33.

What do you do for a living? I'm a BG&E lineman. A what? A lineman. A what? A lineman. Oh. Okay. All right. Yeah, so electric lines,

build, construction. Yeah, you're making bank. You're working your butt off and you're making bank. You said you already have 20% saved? Yeah, I work a lot of hours because my job, it's just the work is there.

It's just depending how much time in my room you trade in for money. Yeah. That's all it comes down to. And that's on top of the, that's just the work is there. It's just depending how much time in my room we trade in for money. That's all it comes down to. And that's on top of the year's worth of expenses you have saved too, right? Yeah. Yeah, well, like I said, we don't have any debt. I mean, obviously, we have our rent.

Our rent currently is $3,100. In your line of work, if you're not respectful of risk, careful about risk, die correct and so your nature is to apply that formula to everything else and so that's correct you're you it's okay at work but you're probably over analyzing buying a house dude i think so you're not gonna die from it okay so i mean you've done everything right you've laid the foundation you've got the money you've done a really good job you've prepped the job site so to speak okay yes and so there's nothing that you said that gives me a tilt me neither i wanted to ask you what's stopping you Is there something else going on that we don't know about that's stopping you from pulling the trigger?

No. I mean, the only thing is my wife and I are, you know, I'm pretty confident about the amount of work that is here. Every year that I've been here, I've made $100,000 or more in the last. And it's never-ending work, really. The only thing that is taxing is the time that I'm away from home. And my wife is concerned that buying a house that's X amount of dollars would require me to continue being away from home, which it would be true for, obviously, we're trying to get a 15-year mortgage.

And our plan is to pay it off within five to seven years yeah i think you're on track you're okay and you can dial back at any time dial up at any time you've got always got work you always got extra work you're in good shape you're fine uh and and hey if you do it for a while and you live in the house three or four years and you decide oh um we're going to live somewhere else yeah sell. Sell the house. I mean, you're going to be fine. It's not like you're sitting in a real estate bubble in freaking San Francisco. I mean, it's going to go up.

It's always gone up. I mean, as long as I've been alive and I'm older than a dinosaur. Yeah. So, I mean, you're fine. You're sitting in a great market uh real estate wise and and you're gonna you know you're gonna have a great time man i think you're oh i think it's normal to if you've never done something before and you're in and you're in a career field that causes you to analyze risk you can get caught up in paralysis of the analysis sure ready aim aim aim aim aim

aim aim oh pull the trigger yeah you know seriously and so you that's the thing and that i can do it too anytime any of us can do that if we get if we're really careful we're trying to be wise we're trying to be diligent but you've never done it before so you don't know what it feels like and just to step off that diving board the first time yeah i felt like that when we bought our first house but to his wife's point if she feels like the amount of work that he's doing is not a normal or sustainable amount of work over the long haul they could always pull the numbers back and say well what would it look like this is more normal or this is what we're hoping for and they could buy based on those numbers as opposed to the current numbers

if they wanted that sort of margin. Yeah. But, I mean, 33, you're going to have more. There's going to be another thing happening with your income later too. It's okay. You're going to be okay. You're going to be just fine. So, folks, that's why we tell you to do a 15-year fixed

where the payment's no more than a fourth of your take-home pay. So you've got some margin in your budget. You've got what economists call disposable income left in your budget, which allows you to have extra investment. It allows you to have extra generosity. It allows you to have the margin to create a sustainable work pattern. And then you can go from that and say, okay, I'm going to dial it up for a little bit knock this puppy out well let me be the peanut gallery because i always hear people in the peanut gallery talking dave 15 year that's not going to give me more margin that's going to make my monthly payment go up no it makes your monthly payment exactly the same it's gonna make the amount of house you buy go down there it is that's what it's going to be so you don't get the one with the jacuzzi the skylight and the

racquetball court you're 24 shut up okay seriously this yeah that's what it is it's all about lifestyle that's right i grew up in a thousand square foot house one and a half baths so don't your needs okay seriously now you need would be a shelter right want would be a bigger shelter right right nicer shelter a shelter that does things for me automatically oh man that would be a better shelter and all of those things are fine but the need is shelter yeah yeah when we were when i was uh you know when the dinosaur little baby dinosaurs were running around with me when i was a child we were in this eighth grade we had the civics class they called it and they taught us the difference between needs and wants food, transportation, and utilities are needs. Transportation, however, is a hoopty, not a $65,000 F-150. So what you're saying is HGTV.

That is a want. And it is a valid want, but it is a want. HGTV doesn't determine what our needs are. Yeah, they just determine what you're going to be discontented about. Because you wish you were them, and they live in an edited world that's not a real world i know that's right kind of like your friends on what do they call them influencers yeah that's not real it's not real help you it's not real this is the ramsey show jade washall ramsey personality is my co-host today today's question sponsored by neighborly

your hub for home services neighborly has top quality providers like precision door service junk king and more to help you take care of projects before the weather gets cold so find the local help you need by downloading the neighborly app today today's question comes from krista in maryland she says my husband and i have had separate accounts with a joint account for bills since we've been married we recently started baby step 2 and purchased every dollar premium i find that the app has been a game changer but my husband finds it to cause too much conflict and feels too controlled with his spending even though he has had to cut back. To help this, we have placed a budget item for fund money, $100 a month for each of us.

This is still not enough and too controlling. How do I get through to him that bucking down for a short amount of time to pay off our debt is a good thing? We currently are $122,000 in debt besides our mortgage, and I feel suffocated by this amount. This is a good one. My guess is you guys have had separate money for a long time, and he's kind of been able to go and do his thug fizzle and not had to answer to anybody. And now you have the same account and it sounds i'm just i'm going off the words on the paper it sounds like all of this so far has been your idea and you're getting every dollar and you're getting the family on a budget and you're going to put fun money in the category and you're going to check it it doesn't sound like this is a joint effort yet it kind of sounds like

he's there like all right you know and he's you're kind of having to pull him along and drag him along yeah you know why he feels controlled because he is being controlled yeah not by the budget but by you yeah because he's not got a vote in the process or has not chosen to cast his vote she said well here you can have a hundred dollars yeah you're not his mommy yeah you're his wife so So, yeah, you guys, he needs to sit down and say, okay, the two of us together have a high-definition dream,

a very clear picture of the future. Yep. And then we say, what must be true to get there? And then together we cast a vote on our money each month on how we can best get there while still surviving and having a reasonable life or in some cases not even a reasonable life but we chose together to

not have one you're trying to use the budget to whip him into shape yeah not gonna work the way that the budget is not a whipping post yeah there's got to be a why behind it it can't just be we're paying off debt just to pay off debt for some people that might work but for most people that's not going to work there's got to be that bigger yeah why is it why are you doing this and see he's not he's like okay i'll go along yeah instead of like okay let's sit down honey let's do this together yeah you know because you know like grown man can choose what he wants to do grown woman can choose what they want to do with their money when you sit down and both of you have a vote yeah and when you know what the prize is at the end of it i'm stronger the stronger the try i'm gonna increase the food the fun money even though i

know it's going to delay the prize you can do that you both have a vote right and you can you can make an argument for that and but the the he feels controlled and it has nothing to do with every dollar. 100%. Yeah, it is not. Every dollar didn't do it. Nope. Nope. Didn't do it.

Yeah. Yeah. And by the way, if you want to learn about every dollar and how to build that budget on that app with your spouse or as a single, either one, Jade Warshaw to my right and Rachel Cruz and George Camel are periodically doing free webinars at everydollar.com slash budgeting on how to build that out and use it. It's completely free.

Did I mention it is free? If you don't like it, we'll give you half your money back. It's free. Okay. So come on, check it out. You're doing several of these a month and you can get signed up for one. Do you know when your next one is off the top of your head? I do not.

It's in November. We'll do two of them. And just to clarify, the webinar is free and you can sign up for every dollar for free. Both sides of it is free. Like free. Free indeed. It's a lot of free. Everydollar.com slash budgeting. Betty is with us in Denver. Hi, Betty. Welcome to the Ramsey Show. Thank you for having me. Sure. How can we help? I need to open up a new bank account, and I also need to have a new apartment. Both are requiring me to unlock the freeze on Experian, and when I went online today and went through the steps and put in my telephone number, they said that that telephone number was not recognized,

and that's as far as I got. Okay. So I'm wondering how can I... I guess you're going to have to call them. Mm-hmm. I could not find a telephone number. I tried to Google search on that, and I wasn't able to see a telephone number for Experian

to talk to someone in customer service. They have a chat room or anything? I've never tried to unfreeze mine. I didn't see any kind of chat room service come up on anything online. I don't understand. I mean, I do understand an apartment wanting to check your credit, and yours is frozen. But my credit has been frozen at nothing on it. It says zero.

It says I filed bankruptcy in 1988. Here's what I found. Okay. It says if you have an Experian account, you can unfreeze your credit by logging in, clicking on the help center, and then toggling the free status from unfrozen to scheduling a future fall. But when she tried to log in her it didn't accept her login because it didn't like her phone number is that right wonder if you can is that what happened betty the login is rejected yeah what if you do the forgot my password deal

uh i i could try forgot my password i didn't even i didn't even go to forgot my password yeah i would jump in did you get logged in uh i i was i was just starting to get logged in okay yeah um and i think you need to see if you can get logged in and if not i would jump on try to find one of the chat rooms back to what i was saying before uh jade so rudely interrupted me no i'm kidding but the uh with it with the actual answer to the question which is is problematic. But, yeah. But the bank account should not give you trouble. I've never unfrozen mine. I've opened hundreds of bank accounts.

But now a certain apartment might want to pay your thing. But my account has not been unfrozen since they allowed you to freeze them some 20-something years ago when they first came out with that law or that change in the service that they provide as a response to Congress breathing down their neck. But, yeah, that's – so I'm worried about your bank here a little bit. Like they think they want to do some kind of overdraft protection debt thing attached to your checking account, and that's why they want to check your credit instead of you just opening an account yeah so that that's very possible there and you know i think you could just tell the uh you know the apartment complex look here's my job references here's the down payment or the deposit and you can't check my credit because it's frozen the reason it's frozen is there's nothing on it

and i don't allow goobers like you to mess around on my credit bureau report so you want to rent me an apartment or not otherwise i'm going to cross the street because there's 73 others that look just like you around here. So because credit, I mean, really, the idea that you pull a credit bureau report to rent an apartment is a little bit unusual. Yeah. Yeah, it's a lot. Yeah. So, yeah. But if you want to get it unfrozen, it sounds like you need to get a login process.

I have not done it to answer your question, Betty, so I'm not sure. But I mean, this is what it says on their site so i think she just needs to go one step like follow the steps through going a little bit deeper and then yeah see if it won't see if you can't get past the phone number thing edward is in new york city hi edward welcome to the ramsey show hello dave jade good afternoon how you guys doing? How can we help? All right. It's basically a quick story. Married, you know, six years, two kids, five and two. No student loan debt, but we do find ourselves in about $114,000 of consumer debt.

That's all I got in the house. Total take-home, roughly, the month is about $ about 9600 um i'm just trying to yeah what's uh what's the 110 114 without student loans about you got big cars what's the deal it's two cars one of them's about 13 000 the other one's about 23 uh two personal loans of one was a debt consolidation before we bought the house. We basically were debt-free when we sold the house. We paid everything off, and then little by little, everything crept up within the past three and a half years. So now it's just at a scary point that I'm going down a road that I don't want to go down. We need a behavior change. Yeah, I think you've identified what the problem is.

The cars aren't the problem. $36,000 out of $114,000. You've got something else going on here. It sounds like you guys have tried to borrow your way out of debt with these debt consolidation loans and didn't change your habits. So hang on. We'll set you up with every dollar and put you through Financial Peace University so you can get a game plan going to either start shedding yourself of stuff, certainly shedding yourself of lifestyle

to get down under your income and start really turning this thing around. Jade Warshall, Ramsey Personalities, my co-host today. I'm Dave Ramsey, your host. Joni's with us in Jackson, new hampshire hi joni how are you well as you say it's better than i deserve much better good how can we help today well and my dad used to say advice is worth what you pay for it so that was fun to start the show off with that okay so i uh my daughter's 240 isish years old daughters and I co-own a cabin that's across the road from my house where I've lived at this house for 40 years. And, um, we bought the cabin five years ago. We're all three on the deed. And as you said, a few weeks ago,

never go into business with anyone. One reason being that they will have different interests from you. And that's what we're facing. I'd like to move from my home to the cabin, which needs some serious work to make it livable. And my daughter, one of them wants to just do as little as possible and make it into a seasonal rental. And the other one wants that also, but she doesn't want me to have a home there because she can deny it because we all have to agree since we're co-owners. We all have to agree on work done there. And about 20 years ago, she was doing a bunch of bad stuff,

and I had told her, if you keep this up, you're going to have to leave. So I had to kick her out of the house, and she wants to punish me for that. So the way you handled that, you have a daughter that wants to punish you and you decide to buy a cabin with her it wasn't um it wasn't you bought the cabin five years ago 20 years ago you kicked her out well five years ago when the cabin came up for sale, the owner wanted to sell it to my daughters. And so they, on paper, bought it. I paid $200,000 for it. So I paid for the taxes and the purchase price and all of the repairs that we have done.

So they put no money in it? Do they have any money in? Excuse me? They put no money in? me they put no money in right oh gosh and i bought my house and do you guys have any kind of written agreement on this at all we have one agreement that they came up with that says we all have to agree on any work that's done did you sign that? Yes. Why?

I don't know why you did any of this. If you had $200,000, buy the cabin, don't buy the cabin, why did you put them on here knowing that this one daughter is going to be a problem from day one? I didn't know that. Yeah, you did. I would not sell it to me alone. She wanted to sell it to my daughters. Why? So I had no, we either wouldn't get the cabin or the girls would both be on the

deed. What was initially the use of the cabin? When you first bought it, did you buy it because you said, you know what, I'm going to move in here and and everybody knew that, or was the initial purpose of the cabin to rent it out to someone else? It was me moving up. There was an option. We didn't talk about any plans. I started doing little bits here and there, having a cabin chinked, making sure the roof was good. Okay.

Joni, let me ask you this. How old are you? I bought it to i bought it to protect the value of my house um so that joni we're surrounded by national forest joni and it's my bought my house for twenty eight nine thousand dollars joni now it's worth a million joni how old are you 70 70 okay you have made a mess that's right this is a mess okay and you're really left with only a couple of options uh one is to convince your daughters to deed the property over to you given that they put no money in it to start with and they have no rights to this morally or ethically okay this is

an absurd deal you should not have done this deal it was a dumb deal it was a bad deal you set yourself up to get punched in the nose now you're getting punched in the nose so now the only thing you can do with this is you can convince them to deed it over to you, or you can hire an attorney and sue them and force the sale of the cabin and show the judge that they put zero dollars into this and that at least you get your $200,000 back before there's anything split at the sale. Now, you get to decide, are you going to be able to convince them that you guys are all stupid what you've done here is all stupid you're not stupid but what you've done is ridiculous it's a horrible plan and your daughters are horrible that they took a third of this knowing that they didn't get along with their

70 year old mother and she paid a hundred percent it. That's kind of like being a thief, okay? That's kind of what that's like. So I don't really like your daughter as much. And this is not going to be easy. And so I don't know that you're going to be able to convince these two dweebs to turn the thing over to you. And I'm afraid you're going to be faced with a judge to do it, or you've just gotten screwed out of 200 000 because you've lost control

of this because you've got a two to one vote and the deed doesn't have any restrictions on it whatsoever you've got three people and they have two of the votes so uh but a judge can untangle this and the judge can force the sale of the of the cabin and give you two hundred thousand dollars at the sale one other option on the persuasion side you could do is you can offer the dweeb some money to go away. I'll give you $25,000 a piece if you've got it or whatever to sign the deed over to me. Which is immoral, thievery, blackmail, whatever you want to call it. But it's going to be cheaper than court.

She's not going to like them much after that, though. Well, I don't like them, so it's easy to not like them. I mean, they're not likable. That's right. Who does this to their parent? Oh, I don't know. It's weird. You threw me out of the house 20 years ago,

so then I'm going to get back at you, because I'm going to get you to pay full price for a cabin that I own one-third of, and then I'm not going to let you do anything. Good God. This is terrible. How four-year-old is this? Needs counseling. Unbelievable. So yeah, some people's children. But the, yeah, guys, you cannot enter into these things wide-eyed open and expect, you know, a crocodile to do anything but bite your leg off. Crocodiles, it's what they do. I just can't understand.

Even if they liked each other, right? It's a dumb. What would be ever the purpose of going into something? It makes no sense. If she was going to move into it anyway, just buy the house for herself. Well, the guy wouldn't sell it to her, which is weird. Yeah, that's weird, too. There's a lot of weird here, but yeah.

Johnny, I'm sorry. i wish i had a magic wand to make your pain go away but your pain is not a cabin your pain is your daughters and that's what you're gonna have to deal with one way or another probably the cheapest way to do this is just buy the dweebs out and get them to sign it over just you know it's a dweeb fee it's a stupid tax fee and i do something something stupid and it costs me money, Joni. I call it stupid tax. You're probably going to pay some stupid tax here. You are going to pay some stupid tax.

They better not ask for a third. You're going to pay a lawyer. Well, they'll ask for it. You know these dweebs will. You're going to either pay a lawyer, you're going to pay the dweebs, or you're going to lose your $200,000. These are your three ways. But you're going to lose money.

You're going to lose money you're gonna lose money something's going on here i'm paying a lawyer that if it's me i'm paying a lawyer i don't i don't want to fool with these girls anymore wow it's your kids they're dweebs to quote a well-known philosopher oh man that's terrible i feel bad but you know i was doing a thing with some wealthy people the other day and they were all worried they were saying you know how do i raise my children when we have wealth and the wealth doesn't ruin them and i told him i said the wealth won't ruin them it's just going to expose if you did if you run them the wealth's just going to give you the exposure to that it's going to magnify because whatever goes

on that's uh in a family is is magnified when it gets wealth in other words the crazy gets super crazy right the uh but i mean this is all tied to $200,000 worth of thievery here. Joni, I am so sorry. Your heart must be broken. Mine's broken for you. I'm angry for you. I just can't do anything about it. Except rail about it.

This is The Ramsey Show. Jade Warshaw, Ramsey personality, is my co-host today thank you for joining us jessica is with us in salt lake city hi jessica how are you good how are you better than i deserve what's up hi so i have a couple months left in baby step three but i'm just trying to decide what to prioritize after that because i really want to buy a house, but I also really want to catch up in my retirement savings, and I also really want to do grad school so that I can raise my income so that I can do both of those other things faster.

Grad school in what? It's in education, so I'm a teacher, and if I get a grad school, then I get a pay bump. Oh, automatic. Yeah, it's built into the system. Yeah. system yeah yeah okay and how long will it take you to complete grad school about a year maybe two years if I go slow I'm going to be doing it online what's it cost it costs four thousand per six months so hopefully I'll keep it under $10,000. Okay. Like if you did it in one year, that'd be $8,000. If you did it in one year and a half, it'd be $12,000, right?

Right, right. Okay, all right. And then I'm hoping that I can... I don't know what I was about to say. Are you single? Yes, I'm single. What's your income? Right now it's $57,000.

Okay. And so do we put $12,000 towards, what's the pay bump after you get your grad level done? It'll be about $5,000 or $10,000. $5,000 or $10,000? Well, because the salary schedules are a little bit different depending on how long you've been teaching. Most of them are about $7,000. Well, I mean, you know how long you've been teaching.

How much pay bump will you get? Well, I don't know next year's salary schedule, if that makes sense. It does not change $5 ten thousand dollars every year though i mean what was it what would it be if it was this year it'd be seven thousand for you okay all right so you get your money back in a year and a half and from then on you got an extra seven thousand that's a pretty good deal and if that delays you buying a house a little bit i'm cool with that okay but that also makes me want to get that also makes me want to get through school super fast i know yeah and then do i contribute to retirement during that or do i just

go as fast as i can through that and then through can you cash flow school and do retirement yes well let's do that let's do that and then if you want if you get out you get your 7 000 bump and you want to start saving for a house, you want to turn off retirement for one year while you save for a house or something, that'd be okay. But you could turn it on for right now and get something started, right? Yes. Love it.

But I think the trick is the faster you finish school, two things happen to the math. One is they're no longer charging you four grand every six months and that much faster you get seven thousand in other words you finish school in one year it makes you an extra seven thousand versus finishing it in two years right and it saves you another eight thousand in tuition yes so i'm doing this in a year okay i mean if i can figure out any way that's sustainable and pull that off, I mean. That's interesting to me.

It's not, the cost is not based on the load of classes she's taking. Well, up to a certain point. You can only take, but yeah, it is. But it's not a per class in this. She's buying a program. It's just the package deal. She's buying a degree. And the degree costs X. And how fast can you get through it through it and you got to sign up for a minimum number got it

but um i mean if you take classes in in traditional brick and mortar and you pay the to the quarterly or the annual or i'm sorry the semester tuition um you can take you know 10 hours or 15 hours it's the the same. Doesn't change. At most schools, it doesn't. Yeah. Okay. So that's the way that's coming off. Natalie is in Cincinnati.

Hi, Natalie. How are you? Good. How are you? Better than I deserve. What's up? So I am trying to figure out how to purchase my next home if I should go ahead and try to get a conventional loan myself or get a conventional loan together with my fiance or if I would even qualify for an FHA.

An FHA? Why? Well, I've never owned a home. Okay, so I own a home because I got a quit deed from my grandparents who passed me their home. But they never had any loans on it. It was already paid off. What's wrong with that? What's wrong with that house? It's just small.

My family's out growing it, and it's in a very bad school district. You have kids. How many kids do you have? Yes, I have two kids. You have two kids. How old are your kiddos? Three and three months. How long have you had Granny's house um almost six years

now three year olds not in school correct oh these six not six months did you say six months or six years um six years i've had the house no i'm sorry the children are How old? Three years old and three months old. Yeah. Neither one of them have a school district problem. Not yet. And the kids, are these the fiancé's kids? Yes. Okay. Oh. I see.

I'm just putting the pieces of the puzzle together. Now the mystery comes clear. Good catch. Okay. So, when are you getting married? Hopefully whenever we go to a courthouse. We don't have a date set. This weekend.

We're very open to just going whenever. It's open today. Congratulations. Do not, number one, do not buy a home with someone that you are not legally married to. You will get yourself into a pinch. All kinds of problems, and just do not do that. So you need to get married and then buy a house. What I would do, if I were in your shoes listening to this, is I would get married and I would live in Granny's house

because neither one of these kids have a school district problem. When things unfold over the next two or three years and you want to start talking about moving, we'll sell Granny's house, and the combined income of the two of you plus the down payment coming from Granny's house will be the purchase of your next house in a better school district. But you do not need to buy a house before you're married. You do not need to buy a house after you're married right now. What's Granny's house worth? I'm just curious.

I think we can sell it for about $200,000. There you go. That's no slouch. No, it's not. This is not a shack. Yeah. No. Okay.

It's just small for us. And like I said, with the school district, we have an opportunity to get a house that's not on the market yet coming up soon in a school district we really like. Sorry, you're not ready there will be more opportunities you don't need to buy a school district for a three-year-old okay you just got you got house fever here and and this newfound responsibility of stepmothership is carrying a burden for you and you're trying to do the right thing and be a good mom and i appreciate that that's smart of you thank you for that but um but you got time you got time you'll get there

if i were you i would just get married and live in granny's house for a while and then when we get ready to move later we'll work on finding the right deal in the right school district at the right price and sell granny's house for the down payment and the two of you have a nice combined income you will not need an fha loan you'll get a conventional loan with the two of you fha loan usually the only reason anybody ever does that they just don't have any down payment hardly yeah they don't have anything saved and so you don't need to do that now i think what's happened is this one particular house popped up and the fever set in and now we're trying to figure out a way to back into the deal yeah that is the fever that's the thing you know sometimes when you're in a moment

you think if this moment passes it'll never happen again and it's like right it won't that moment won't happen again but whoop-dee-doop yeah something else will happen that'll be just as good there's a stinking house on every corner they're everywhere there's only one house no there's a lot of them yeah I've owned a lot of them. I've lived in a lot of them. It's just a house. You'll get you another one. It's my forever.

No, it's not. It's not your forever house. That's a joke. You're not going to be there forever. That's dumb. So, Dave, the interest rates went past 8%. They did? Yeah.

Yay! Don't say yay that's awesome finally there's gonna be some bargains in the real estate market again i was ready for i haven't seen bargains in like a decade man i'm ready for some real estate bargains dave you just pissed off all those people you don't care hey it's not gonna you're not it's not gonna be eight percent forever no it's not we're going into an election cycle. Do you think the Democrats want high interest rates? That's how you lose the White House.

Okay? Come on. Facts. Think. Facts. The number of sitting presidents that survive a bad economy and high interest rates for housing and get reelected is really close to zero. Okay? You just can't find that in history.

So I think next year is going to be really exciting. I do too. This is The Ramsey Show. Hey, what's up, guys? It's Jade. If you love the show and want a deeper dive on your money journey, we have a weekly newsletter that gives you trending and helpful articles and tips on following the Ramsey way. Just go to ramseysolutions.com today to sign up for our newsletter. Again, that's ramseysolutions.com to sign up for our weekly newsletter.