Chapter 1: What is discussed at the start of this section?
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Steve's going to kick us off in Hartford, Connecticut.
Chapter 2: How do I help my child manage their YouTube earnings?
What's going on, Steve? Hey, how's it going? Doing great. How are you? Oh, hanging in there. What's your problem today? What's going on?
Jeez, George. What's your deal, man? Hey, Steve, what's your problem?
Unless you just want to celebrate a win today. No, what's up, man? So I'm in an interesting situation. Back in 2018, I had purchased a house with my stepfather at the time. And it seemed like a good idea.
Chapter 3: What should I do if my spouse is hiding income?
We were splitting the percentages. It was going to get me into a house. A little bit sooner, I had a growing family, and they were supposed to only be there six months out of the year. Fast forward to a couple years ago, my mother had split up, and at this point in time, now my mother is living downstairs in the in-law apartment. of which I am responsible for all the utilities right now.
And it's really hindering my ability to make any progress on my debt snowball and make some progress in the baby steps. And I'm just wondering, should I look to sell this house? My mortgage is super low. My mortgage is under $1,000 a month.
And I do have some equity in the home, but I'm wondering if it makes sense for me to sell, uproot my kids, find somewhere else to go, either raise my mortgage or even have to potentially get a rent, or if I should have just a conversation with my mom, start trying to get some utilities from her. It's a sticky situation. I don't know where to go with it. I'm so confused.
So let me get the facts straight. Your ex-stepfather is on the mortgage, right? My ex-stepfather is... He's on the mortgage. We're going to get really weird here. So my ex-stepfather is actually my mortgage holder, and he owns a part of my house. So he is the bank. He is the bank and owner.
Chapter 4: How do I navigate financial responsibilities with my ex-stepfather?
But he doesn't live there anymore. He does not live there anymore. So your mom lives there, and you're saying you can't pay off your debt because the utilities that your mom isn't paying for are crushing you financially?
Yes.
I'm saying that with utilities, the extra utilities that I have for the house, it's a 2,500-square-foot home. I live in 1,700 square feet of it, but I am responsible for all utilities and all expenses of the home, insurance, everything. Yeah, but that's like $150 a month. I just don't want you blaming mom for the $40 extra in water bills, that that's why you can't get ahead financially.
So my electric bill during the winter months is over $750 a month. I have electric heat, so my utility bills are in $7,000 to $1,000 range a month. So what's the ideal situation? Your mom pays rent or your mom gets out? That I don't know. I feel like I should get out of this deal. Like I said, my mortgage isn't...
isn't high my mortgage only lives less than a thousand dollars um a month so i don't want to to sell but i also kind of don't want to be in this deal any longer either i kind of want to be that to me that's worth it to get out of this weird deal with your ex-stepfather that but that sounds like the real issue is that is that the real issue is your mom using 500 a month in heat in the basement
No, it's, there's a little bit more to, to my mom's side too. I don't necessarily want to share here, but it's also kind of affecting my relationship with my mother. Okay. We just didn't want to make this about the surface level, you know, dollars and utility bills. There's more there, which is cool. You don't need to share it all. And then on the, could you, do you want to keep this house?
That's step one. If you had it on your own, would you want to keep it? And if you could afford it? I'm 50-50. I love the neighborhood. I love where my house is. I don't, with the in-law apartment that's downstairs, the house doesn't make sense for me to own it 100%.
Okay. But I mean, could you go to a mortgage company and buy your ex-stepfather out? Just get a mortgage from them. Get a mortgage from them, buy him out, get him out of there, and then have a hard conversation with your mom about whether she's going to pay rent or not, or she's got to move out because you're going to get a real renter in there.
I could. I can't legally rent it. It's not a legal in-law apartment, so I can't legally rent it.
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Chapter 5: How can I help my child manage their YouTube earnings?
And that's real money that you can use towards the baby steps.
Chapter 6: What should I do when my partner hides money from me?
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Chapter 7: How do I navigate financial challenges after a divorce?
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Chapter 8: What steps can I take to improve my financial situation?
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Buying or selling your home is one of the biggest financial transactions of your life. So you want an expert in your corner who's fighting for you to find the best deal for the right price. And the Ramsey Trusted program is the only way to find a top agent you can trust who will help make your home a blessing, not a burden. It's super easy.
You can compare agent profiles, interview them, and choose the right one to work with. You can find a local Ramsey Trusted real estate pro for free at ramseysolutions.com slash agent or click the link in the description if you're on YouTube or podcast. Jordan is in Miami up next. Jordan, welcome to the show. Thank you. Sure. How can we help today?
Hey, I'm just trying to figure out how I get out of this momentum of just wanting to keep going just with my life in general. I'm at like a point, I'm at like a breaking point in my life where I'm currently stuck in the city I'm at with a job I just, I'm not good at. And I'm 3,000 miles away from home, so it's kind of been a little hard for me.
Yeah. Hey, do me a huge favor. Talk right into the phone, brother. Why are you stuck in Miami?
So, I recently bought a car from a dealership that they... Claims had no problems up in Idaho. And I had a friend who does door-to-door sales. And he's like, hey, let's do some sales with me. I'm like, you know, what's going to hurt doing that? I reached Nebraska. My car has transmission problems. I take it to Subaru. They can't buy it off me.
So I had to leave it in storage and fly out down here with the rest of the money I had. And now I'm just struggling with sales. I'm just lost of what I need to do. Plus, I'm in debt.
But I mean, when you say stuck... Can you legally move tomorrow? Yeah, could you get a bus pass? Or could you just suck it up and call your parents and say, I need a bus pass home and go home? I don't have parents. Okay. Could you work really hard for the next 30 days and get a bus pass and go home and get out of this mess?
That's the issue. I feel like everything I do, for the past week, I've been busting my butt. I've been out there 10, 12 hours a day trying to make these sales. Doing door-to-door sales? Yes, sir. What are you selling? Pest control. Are you making money doing it? What's your average week or month look like? So the average week is around $4,000.
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