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Dr. John Deloney

๐Ÿ‘ค Speaker
14606 total appearances

Appearances Over Time

Podcast Appearances

The Ramsey Show
Discipline With Money Leads To More Control

So it's not like you're like an immature 26-year-old, like, I'm cutting off my parents because they gave me a curfew when I was a teenager.

The Ramsey Show
Discipline With Money Leads To More Control

You're not doing that.

The Ramsey Show
Discipline With Money Leads To More Control

We're all back in.

The Ramsey Show
Discipline With Money Leads To More Control

Yeah.

The Ramsey Show
Discipline With Money Leads To More Control

Expect him to run full force into this boundary with everything he's got to see if it will hold.

The Ramsey Show
Discipline With Money Leads To More Control

And if you give him, I expect this much money for rent, I expect this much money for bills, and he stops paying you, you're going to be forced to say, okay, what next?

The Ramsey Show
Discipline With Money Leads To More Control

Am I going to hold the line here?

The Ramsey Show
Discipline With Money Leads To More Control

Is he going to have to move out?

The Ramsey Show
Discipline With Money Leads To More Control

You go ahead and set that stuff up in your mind because he's going to test these boundaries and see if they hold.

The Ramsey Show
Discipline With Money Leads To More Control

Are you renting out the other side?

The Ramsey Show
Discipline With Money Leads To More Control

Correct.

The Ramsey Show
Discipline With Money Leads To More Control

Was the duplex another one of his scams?

The Ramsey Show
Discipline With Money Leads To More Control

When you say it's a wise investment, what are you going to clear after both rents come in on the mortgage and the insurance and the upkeep?

The Ramsey Show
Discipline With Money Leads To More Control

And then the month after that, you're only paying interest on $9,000, right?

The Ramsey Show
Discipline With Money Leads To More Control

Otherwise, you're going to pay interest on $10,000, $10,000, $10,000, $10,000 until you accrue that.

The Ramsey Show
Discipline With Money Leads To More Control

So the actual amount of interest you're paying goes down, too.

The Ramsey Show
Discipline With Money Leads To More Control

All right, today's question comes from Denise in South Carolina, and it's a good one.

The Ramsey Show
Discipline With Money Leads To More Control

Denise writes, I'm 76 and I have two children, a daughter that's 45 and a son who's 47.

The Ramsey Show
Discipline With Money Leads To More Control

My will divides my assets equally, which is how I want it to be structured.

The Ramsey Show
Discipline With Money Leads To More Control

My daughter is and always has been irresponsible with money.