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Live from Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz, hosting this hour with my good friend and bestselling author, Jade Warshaw. And we are answering your questions. So give us a call at 888-825-5225. We'll talk career, relationships, money, anything and everything. So give us a call.
We're going to start off this hour with Chris in Dayton, Ohio. Hey, Chris, welcome to the show.
Hi, thank you for having me.
Absolutely. How can we help?
So my wife and I recently had our first child. She is a daughter, which is obviously awesome. Thank you. And my parents live in Columbus, Ohio, which is about an hour and a half away. And naturally, they would like to see us and their grandchild more. We are looking to upsize our home. And we were looking in the Dayton area originally because cost of living, we can afford it.
They then offered to give us an additional, the difference between the prices of the home in Dayton to Columbus that would go towards our down payment, making it affordable if we moved to Columbus. That sounded good. It would be a gift, not like a loan. But then they mentioned that they would have to make it even and change prices. The will slightly so that money was even with my siblings.
So if I got an extra $100,000, my brother would get $100,000 on the will, etc. So then I started booking it as like an interest-free loan against myself in the future.
You're saying because if you had received it as inheritance, you would have done what with it?
Well, it's not that I would have received it. I would have done anything with it. It's just that it looks like I'm borrowing from my inheritance, which is weird because my wife and I worked really hard not to be in debt at all.
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