The Hidden Costs of Ownership

This chapter explores the financial realities of owning expensive items like boats, focusing on ongoing expenses beyond the initial purchase. The conversation humorously compares pricing strategies in various markets, highlighting the often absurd differences based on intended use.

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📈⁠⁠⁠⁠⁠⁠ ⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠⁠⁠⁠⁠⁠⁠

Dave Ramsey and Dr. John Delony answer your questions and discuss:

"How do I help my grandma get into an apartment without co-signing?"
"How do I best use unlimited overtime?"
"Where should I keep the inheritance my dad left for my children?"
"We disagree on who should pay for my mom's plane ticket when she comes to visit"
"Can we afford a boat?"
"How do we follow the Baby Steps while putting my husband through school?"
"Should I invest in real estate before paying off debt?"
"How do I break the cycle of living paycheck-to-paycheck?"
"What is a reasonable financial goal after paying off my house?"
"Am I wrong to feel like my in-laws are enabling my wife?"
"How can I get ahead in today's economy?"
"Is it okay to stop tithing to pay off debt?"
"Should we prioritize a $400k remodel over paying off the mortgage?"
"I have a $3m net worth but I struggle to spend anything"
"My husband lost his job 7 months ago and we haven't gotten back on our feet"