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Full Episode
Brought to you by the EveryDollar app. Start budgeting for free today. Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work, that they love and create actual amazing relationships. Jade Walsh, our number one best-selling author. Ramsey Personality is my co-host today. Open phones here at 888-825-5225. Jamie is in Dallas, Texas.
Hi, Jamie. How are you?
Hi, Dave. Thank you for taking my call.
Sure.
What's up? I've been a big Ramsey fan since I was young. My dad taught me to be smart with my money and to listen to what you had to say. Well, thank you. My husband and I, our house burned in January, and it was a total loss, the structure and all the content. And it was paid for, but it was severely underinsured.
And so now we're in a situation where we haven't had a mortgage since 2019, but we only got $230,000 from the insurance, and it's going to cost us roughly $525,000 to build a similar house. And that's just kind of scary for me. We've never had a mortgage that large. I don't think... I mean, I know that we can afford it. We have a nice income.
We're currently debt free, but I'm just trying to make sure that I'm making the right decision.
And you don't have any money.
Well, we have the money from the insurance. Go ahead. We have about $5,000 in an emergency fund, but other than that, that's it.
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