Yahoo Finance
A couple with a perfectly affordable mortgage walked onto a live taping of The Ramsey Show (1) to settle a debate they’ve discussed for, by their own admission, hundreds of hours.
John Delony, Jade Warshaw and Ken Coleman listened, guests Cheryl and Clifton explained their conundrum: “Cliff and I have been married for 2 years now.
Between the two of us, we have nine children.
And we currently reside in the house that Cliff used to share with his ex-wife,” Cheryl told the panel.
The ultra-rich use these 5 real estate strategies to build wealth while they sleep —you can start with just $100 Robert Kiyosaki saysthis 1 asset will surge 400% in a yearand begs investors not to miss this ‘explosion’ Millionaires under 43 are reshaping investing — just 25% of their portfolios are in stocks.Here’s where their money is going She went on to explain that they pay just $1,800 a month on the mortgage, and the house is about half paid off.
Still, she insists that the house has “bad juju” and she wants to move.
Clifton, on the other hand, wants to wait at least two more years, until more of their kids are out of the house, so they can downsize to a smaller place.
So what is the consensus? The team quickly recognizes something that Clifton seems to be missing — it’s not just about the money.
“You’re bringing data to a feelings fight.
And you’re going to lose,” Delony told Clifton.
For Cheryl, the motive to move and no longer be burdened with the “ghost” of an ex overrides the need for more square footage at an affordable price point.
At the same time, Clifton’s case is financially sound.
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