Dave Ramsey

But I do know what they're worth.

And if I look down on the dock at that boat and I say, that boat, that's not true.

I won't use real numbers.

But let's just say that boat's worth $40,000, okay?

And if I had $40,000 in the middle of the table, kitchen table, and I didn't own that boat, would I go buy that boat today?

If the answer is no way, then sell the boat, okay?

Because you'd rather have the $40,000 than the boat.

That's the reverse engineering of it.

Okay.

So if you look up at her situation and you say, I can rent out my tiny $130,000 tiny house for 500 bucks a month.

Meanwhile, I can pay payments.

on nine thousand dollars worth of credit card debt seven thousand dollars worth of student loans eighteen thousand dollars worth of car fifteen thousand dollars worth of personal loan and eighty eight thousand dollars worth of HELOC that's gonna those payments are gonna be a lot more

then the rent that that tiny house will bring in and that tiny house being sold will clear up all of those payments.

So the way you would reverse engineer that and say, if I didn't own this tiny house and the only way I could buy it would be to borrow 88 on a heat lock, 15 on a personal loan, nine on a credit card, seven on a student loan and 18 on my car to go buy this tiny house.

Would I go buy this tiny house by doing it that way?

And the answer is hell no.

Not even close.

You wouldn't even think about doing that.

You know?

Not even close.