Devante

The Ramsey Show

Make Money Choices Today That You Won’t Regret Tomorrow

Hey, how are y'all? Good to talk to y'all.

The Ramsey Show

Make Money Choices Today That You Won’t Regret Tomorrow

Good, good. So I'll get right into it. Me and my wife, we started a Christian-based after-school program last year. And long story short, you know, we felt led to do it, but it did not end well. We took some risks. I mean, it started with personal finances and then credit cards. And then we did a HELOC loan, 50 grand.

The Ramsey Show

Make Money Choices Today That You Won’t Regret Tomorrow

4567.196

Fast forward to right now, got all the credit card debt paid off. We went down two cars, but the Lord bless us. We're back to both cars being paid off. But I got this 50,000 HELOC loan. I want to know what y'all would do if they all were me. I got a two-year-old, a baby on the way. I'm trying to be like Ray.

The Ramsey Show

Make Money Choices Today That You Won’t Regret Tomorrow

4585.348

last call come on come on me too uh no it says to leave an inheritance to your children's children spiritually and financially right that's right i'm ready to i'm ready to i'm not i'm about to be dave ramsey bonafide from now on i'm not doing that anymore good good now okay so for uh are you guys homeowners your homeowners what's your house worth like what do you owe on it and what's it worth

The Ramsey Show

Make Money Choices Today That You Won’t Regret Tomorrow

4611.025

Uh, it's at, I want to say it was 120, about 120 left on the loan. It's about 250 to 260. Okay.

The Ramsey Show

Make Money Choices Today That You Won’t Regret Tomorrow

4640.256

And I think it's possible. I'm in real estate and you know, it's had some good years. Last year was tough, but still did pretty well. Um, but I'm torn between, you know, emergency fund and paying off the HELOC. Like how should I attack that? Cause I don't have our emergency fund where I want it.