Is It Wise To Sell Your House To Pay Off Debt?

Video quality	The size	Download

Information Is It Wise To Sell Your House To Pay Off Debt?

Title	:	Is It Wise To Sell Your House To Pay Off Debt?
Lasting	:	8.40
Date of publication	:
Views	:	237 rb

How can we help you better? Give us your feedback! googl/forms/s4N0A1GdHqRzEZNd2
Comment from : @TheRamseyShow

wow how poorly have they managed their resources
Comment from : @harrismazari5484

I needed to hear this! Thank you Dave!!
Comment from : @BusterBronco1987

She needed to stop giving, that advice was missed He should have asked how much she was giving the church each month The fact is, out of debt, in two years, she can well make up that difference, and be in a better position to do it
Comment from : @JasonGroom

We need 2 cars i dont understand selling off ur carits how you get to work
Comment from : @marlanadelgado1927

I miss this style of Dave Ramsey
Comment from : @KBQuick81

A house is a house who cares In this world now its all about money
Comment from : @jayb8460

She is dedicated to this
Comment from : @Rldr308

Im not into my home at all !!!!! I feel like its a prison because they don't allow you to do anything I need to call you soon for a way out
Comment from : @JESUS555

I love how he repeats “do you like your house” the dream home exist in dreams
Comment from : @michaelcarter266

Great job Dave! Good guy!
Comment from : @freespirit6209

I sold my house and my wife and I are out of debt from the equity It’s not a forever home and using that equity to get out of debt was a wise decision A house is just a house and we can get another one, but the right way this time If you can get out of debt quickly from your house and it’s not your forever home, do it Best decision we’ve ever made
Comment from : @GabrielMartinez-sd8pc

Dave doesn’t understand taxes that’s his problem when he gives advice
Comment from : @soonermagic24

So if she wasn't emotionally attached to the home, it'd be wise for her to sell the home to pay off the debt
Comment from : @atrichromat

What is the name of your book please?
Comment from : @wheenyainea5554

Stopping giving $ away you don't have
Comment from : @drummergeorge9642

Sell my vini man Sell stuff you absolutely don't need Minimize the stuff in your closet and garage!!!!!! And if you can get a side job All of that extra income goes to debt
Comment from : @LuisHernandez-rk2tp

That needs to be on a shirt, "NO, I WANT TO KEEP THIS HOUSE!" HAHAHAHAH
Comment from : @misspandesal

Scorched earth budget lol
Comment from : @obctt017

Lord, i cant stand callers thanking the host for taking their call Its kinda what he does Ramsey is awesome Great advice
Comment from : @sixsentsoldiers

This is the best everbrIt popped up on YouTube This made me tear up a little Dave shows legitimate concern, By the question and responses But the best thing help me , it tought me to lessonbrPeople will talk with me like they are trying to help me , they were really helping themselves They see my desperation and use it 🤔br Never to old to learnbr NEVER!!!
Comment from : @tineeashmon9223

Nah I would've sold the house sorry kids lol
Comment from : @LinzyLinz7

She probably spends way too much that's why her money's not never enough she needs to cut back her lifestyle dramatically
Comment from : @dogan6070

I hate NYC taxes I make 100K and only netted $5,000 after 4 401k Now I only net $4400 after 10 401K
Comment from : @amandawithlov3908

Dave is AWESOME!
Comment from : @jessearias12

Up Next: Is It Wise To Sell Your Gold To buy Bonds?
Comment from : @joycekoch5746

⭐️⭐️⭐️⭐️⭐️
Comment from : @yelenawhitmer1329

Unless it’s a crazy expensive home like double or triple the value of the homes in the market I say sell it but if it’s a average home no don’t sell cause your rent payment will be same or higher than ur house payment
Comment from : @TheMechanicj

Paying for her to go through FPU was really nice and a phenomenal investment brbrShe is so ready to crush this debt and Dave is going to make so much money when her story sells more copies of his books and sign ups to FPU brbrIm just now realizing how brilliant it is that Dave’s customer base is future rich people
Comment from : @AndyMyers94

❤️❤️❤️💯💯💯💯💯🙏🏽
Comment from : @bristephens9642

This is how a financial advisor should behave Great work Dave Ramsey
Comment from : @kim-o-san

In my mind the biggest issue with debt especially when it’s not consolidated is that it decreases monthly cash flow Since she has a great deal of equity, I would have done a cash out refinance by taking out a new mortgage for 158,000 which would consume her active mortgage and leave her with 64k in cash to pay off the 64k of debt she had outstanding This way she keeps her home, keeps her vehicles and increases her cash flow per month by having no debt outside of the mortgage which will enable her to pay off the new mortgage faster
Comment from : @danielarledge7017

I don't understand how selling the minivan is going to help when they've got 4 kids To have only one vehicle with four kids? I don't know how that going to work?
Comment from : @KMF3

That was the most genuine “thank you,” I have ever heard on this show!
Comment from : @CmRoddy

How did she get on?
Comment from : @samuelleake9213

Dave: are you in FPU?brWoman: not yetbrDave: you are now!brbrLove it
Comment from : @cie285dfsdf

Do you like your home? It’s not our dream home Ugh
Comment from : @hhicks2979

How do you get around if she sell the van?
Comment from : @Laostar7

They should get rid of two of the kids They already have two more left Problem solved
Comment from : @sharinglungs3226

Job well done Dave
Comment from : @tylerdavis1704

One of them needs to get a second job
Comment from : @AnnMitt

Tithing doesn’t make ppl broke, being in debt doesbrMalachi 3:10brProverbs 22:7brRomans 13:8
Comment from : @LL-xx4iq

I am doing something similar but I invest in real estate and have 10 houses Since the market will peak in the next few years trying to sell enough of them to pay off all my debts except the mortgage on my primary and be able to put some good money in the bank
Comment from : @edwardrhoads7283

I really enjoyed listening to this call 🙂
Comment from : @emberrreign

Ok yeah I bought a 17k new Toyota Corolla Reason is my luck on cars cost me more breaking down monthly than my payment and insurance I get excellent mpg But I would not buy brand new van or truck If I could get away with paying cash cheap car I would but that's not my luck
Comment from : @semperfi-1918

My situation is similar but with a different outcome We have $35k in debt and plan to sell our home (we are not emotionally tied to the home) If we move we will have enough to pay off all debt and put down a little over 20 on the next home brbrAs anyone considered of chosen this option?
Comment from : @TurningPointPodcastWithE

Little Ceasars is the only acceptable restaurant for people in this kind of situation
Comment from : @MrMrMayday

Her problem is 4 kids
Comment from : @teeduck

You help me a lot, thank you Dave, Juan from Spain
Comment from : @ju970

When the student is ready the teacher just needs to appear
Comment from : @lmv2787

Think of all the extra money you'd have if you have a couple less kids
Comment from : @CAPSLOCKS0N

Wow Dope Dave!!!
Comment from : @MsTwilightSpeaks

Wow that was amazing God bless you Dave 🙏🏻🙌🏻
Comment from : @katerinakassiotes8983

This guy is amazing!!!!! I wish I could find someone like this man in Portugal to help me and guide me! In any case I am still learning a lot! Thank you Dave!!!!
Comment from : @AuroraNatureSounds

Not gonna lie that one made me tear up a little
Comment from : @farmgirl5931

It was wonderful to listen to this So many callers don't want to really listen to what Dave is saying This lady was, and I wish her all the best success in the world as she and her family walk this path
Comment from : @stacylewis4894

Im glad this woman got a little of relief good for her thanks Dave Ramsey nice job
Comment from : @ElTokeMaestro

What an awesome call! 👍🏻
Comment from : @Kapalua606

I’m in this situation but I’m 29 with no children I just have student loan debt I’m going to sell mines and buy a multi family
Comment from : @melissasmorris2210

Praise God! She started the call border line crying, to the end of the call giving a mini laugh God is good The enemy of our soull tries to wear us down to get our focus off of Jesus Keep pressing!
Comment from : @luciogutierrezjr2452

Dave's right-they're "ripe for the picking" Just ask their pastor
Comment from : @mikewypasek8855

I don’t always agree with Dave but, I’m not a financial advisor eitherbrbrI am sooo glad that I hear about him at a critical point in my life I’d just discovered I needed to part with family and that my car had a leaky head gasket, while I still had a year left of paymentsbrbrEVERYONE wants me to buy a new car Doesn’t matter if it’s used, but they think I should replace this car for being left on the side of the road Everyone includes coworkers, my mechanic and my narcissistic mother, who wants me to be able to drive her since I’m the only one in my family who drivesbrbrNO ONE either cares or is attuned to the fact that I’d be making car payments on a depreciating item NO ONE It’s all about what I can pull up in and what they can slip their behind into No one cares about me having an emergency fund - even if they knew WTH it was No cares about me ever retiring No one is knowledgeable about or interested in that, even if it were fully explained to thembrbrI am so grateful that I paid off the car a few weeks ago and am still driving it My commute is short and isn’t along major highways so, I am not actually that worried Sure, the car could die tomorrow, but I still feel best knowing I didn’t roll my car loan into another If I look poor and even stupid to everyone - GREAT!!! The STUPID thing? If these people were in my shoes and they were told they were getting a raise if over $300/mo - they’d leap on it, even if it was on 🔥!
Comment from : @privateprivate8366

A 25 tax rate including retirement benefits is a lot? 🤔
Comment from : @theandrewhenderson

Love it when Dave plays 1-800 psychiclol
Comment from : @ctail18

I don’t see how Dave gets his income numbers from I make 100K also and only take home $5100/month Yes there’s mandatory retirement taken out and mandatory health insurance But those aren’t close to the amount he thinks people get after tax
Comment from : @brent1041

Great call
Comment from : @mattmead2623

Aww she was terrified I love that he made her feel better
Comment from : @kimberella2105

I can’t imagine god would want you giving 10 of your income to an organization (church) while you are struggling with debt Follow the baby Steps in the right order Disappointed that Dave missed this Step 7 is give generously She’s on step 2
Comment from : @jtg2525

Stop tithing till you’re out of debt That’s step 7
Comment from : @jtg2525

Stop the tithing!!! Follow the New Testament Not the old law Find one verse in the New Testament that tels you to give a tenth of your income to the church You won’t find it
Comment from : @robwilliams239

Stop giving money to the church! Hello! That’s probably a couple hundred a month If it’s 10 of $5,000, I think I’d be sick, so I’ll assume less Combine the money you throw away to the church and what you gain from shutting down 401k, downgrade your cable and phone package a level and your done Debt gone in a very reasonable amount of time
Comment from : @bp6614

Dave is the man
Comment from : @zcraft7

Ughh Dave literally makes me so emotional such a loving soul
Comment from : @Kait__C28

this is a very good advice for me because it's really hard to say NO to my 3 kids
Comment from : @tjfav55

Moved out of the house I've lived in for 15 years and into a rented apartment 2 weeks ago Debts paid, got a little left, scared shitless about not being a homeowner anymore But also feeling somewhat peaceful Lol I'm a mess right now, any words of positivity will help :')
Comment from : @ShreeNation

I understand the need to Tithe But, if you are a family struggling to make ends meet and totally in debt, why are they Tithing? This woman's voice was cracking describing her situation, but she's giving money she doesn't have to there right now Don't get it
Comment from : @5555-b7w

Man alive! Most likely I'll never meet you Dave, but I love you man Thank you for everything you do! You've saved me, my marriage and my family tree more than you could ever know!
Comment from : @danielmills7199

Most folks want out of debt in order to save their houses
Comment from : @wk3820

My wife and I decided to sell our house last year, we had bought it new in 2013 and it was a lot of house for us The property taxes kept going up every year until our mortgage payment had increased an extra $500 per month from the original payment We were already in debt $50K with cars and credit cards Selling the house we cashed out and paid off everything, sold one car and got a $2,500 cash car We are living life in a nice rent house for now that costs the same as our house payment, but we have no debt besides the $20K suv payment We also have a 3 year old Saving up a nice down payment to get a smarter house down the road
Comment from : @JegtoDFW504