Nancy from Las Vegas
Appearances
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Wow, well, that sounds pretty good. In a paid-for house.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
I mean, that's... I mean, mid-80s, I know, I know. I mean, I'm a really young 70, but mid-80s, that's a ways away.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Hi, Dave, and thank you for taking my call, and it's such a pleasure to speak with you.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Well, I recently won $200,000, a little over, on a game show. Wow. And I'm 70 years old. That's more money than I've ever had.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
The game show was called Snake Oil with David Spade. It was just on for one season. Oh, my gosh. Very fun.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Yes, I have. And that was approximately $55,000. It was California taxes, and it's pretty expensive.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
So, Dave, that's what I want to know. I'm not sure what to do. I'm 70 years old and basically retired. We're retired, my husband and I, and I work very part-time and so does my husband because we're still able to and we fill up to it. And right now I have the money. I have actually a little over $200,000 in a money market, which is about...
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
a pretty good interest rate 5.5 so um i and then we recently downsized and i owe about 85 000 still on our house and i'm not sure if we should pay the house up i i you know i love just 200 your entire nest egg Yes, besides the equity in our house.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
We just have Social Security, and between two of us, that's about $4,500.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Gosh. I don't actually know. That's terrible. I don't know exactly.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Yes. Well, we both work part-time, too. I make very little money working a part-time job. If I'm lucky, I make $600 a month. It's just kind of a fun thing I do. And then my husband makes a couple thousand extra working part-time besides our Social Security job. And of course, we're not going to be able to do that for, you know, ever. Seems as though we're in our 70s.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
It's about $756 a month. Okay. It is $756 a month. Yep, yep.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Because that's $1,500 is $18,000 a year plus growth.