Go Slow: Never Invest in What You Don’t Understand

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 26 February 2025

⏱️ 84 minutes

🔗️ Recording | iTunes | RSS

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Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan Dave Ramsey & Rachel Cruze answer your questions and discuss: "Are we actually ready to buy a home?" "What does generosity look like for us beyond the tithe?" "Where do we even begin investing?" "How is it considered ethical for people to own so many homes?" "My wife took out credit cards behind my back," "Would a wedding budget of $20,000 be unreasonable?" Support Our Sponsors: 🌱 Get 10% off your first month of BetterHelp ◎ Get 10% off Byrna product bundles and more! 🏥 Learn more about Christian Healthcare Ministries 🏡 Get started today with Churchill Mortgage 🔒 Get 20% off when you join DeleteMe 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! 🥗 Save 15% on your first Field of Greens order with code RAMSEY ⛨ Find top Health Insurance Plans at Health Trust Financial 💸 To find out more about student loan refinancing, check out Laurel Road 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for 18% off at The Nokbox 💵 Learn more about Timothy Plan 🏛 Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Next Steps 📱 Watch the full episode for free in the Ramsey Network app. 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 🏖️ For help with investing, get connected with a SmartVestor Pro. 💵 Start your free budget today. Download the EveryDollar app! 📈 Get tickets to Investing Essentials and learn to invest with confidence. 📖 Preorder Build a business You Love today. 🪑 Check out Front Row Seat with Ken Coleman! Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership Ramsey Solutions is a paid, non-client promoter of SmartVestor Pros. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Live from the headquarters of Ramsey Solutions, it's the Ramsey show, where we help people build wealth, do work that they love,
0:26.0	and create actual amazing relationships.
0:29.6	I'm Dave Ramsey, your host, Rachel Cruz, Ramsey personality, number one bestselling author,
0:34.5	host of the Rachel Cruz show, and my daughter is my co-host today.
0:37.9	Open phones here at AAA 8255-225.
0:41.9	That's AAA 825-5-2-2-25.
0:45.7	Marie's in Sacramento.
0:47.0	How are you, Marie?
0:49.0	Hi, I'm doing good.
0:50.3	Thank you guys for taking my call.
0:51.8	Sure.
0:52.4	What's up?
0:54.0	So me and my husband just finished up
0:57.0	Baby Step 3D, and we are buying our first home. So we just put in an offer for a house
1:03.9	that we really like. It was very reasonably priced. We have about 5% down that you guys recommend
1:09.3	for the first home.
1:18.2	And in negotiations, the sellers weren't willing to give up their appliances.
1:22.3	And so that was going to be an extra $3,000 cost.
1:27.9	We have like the 5% down, a little bit extra for closing costs, and our emergency fund.
1:34.3	And I'm not sure if that $3,000 should come from taking a little bit less down,
1:38.2	our emergency fund, or if it's a sign that we're just not ready to buy a house yet.
1:41.4	Okay.
	...

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