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Ken Coleman

πŸ‘€ Speaker
See mentions of this person in podcasts
116932 total appearances
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Appearances Over Time

Podcast Appearances

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

It makes sense to go ahead and invest that money.

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

I don't want to ask you how old you are in front of all these folks.

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

29.

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

Oh, you're...

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

I was going to ask anyway.

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

I mean, I don't think there's anything wrong with renting for a season of life, for a period of life.

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

We were talking earlier, it's expensive to own a home.

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

And especially if it's not something you're interested in right now, I don't think that's a bad thing.

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

However, I do think long-term, there is going to be a time where you're going to want to stabilize that line item on your budget.

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

And the only way you really can do that is by purchasing a home.

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

And we do find that it is a major part of people's wealth building potential, right?

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

When we did the biggest study of millionaires, we found, yeah, owning a home is a huge part of becoming a Baby Steps millionaire.

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

And so for that reason...

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

I would want that in the cards for you in the future.

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

But if you're saving towards it, for you, honestly, you're probably going to be at the point where you buy it in cash because you're such an investor, you're such a saver.

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

I don't think there's anything wrong with that.

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

And writing out that timeline, you could be 40 when you buy your first house in cash.

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

Yeah, I don't mind that.

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

I don't mind.

The Ramsey Show
Live from Phoenix: The Ramsey Show on Tour

That's a huge win.