The Ramsey Show You Won’t Win With Money by Accident
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Oct 14, 2025 Dave and Jade tackle real money dilemmas from listeners. Should you pay off a costly HVAC lease before your mortgage? They discuss the complexities of blending finances with a secretive spouse. Discover essential tips for first-time homebuyers on unexpected costs and inspections. A caller grappling with $85,000 in debt receives advice on overcoming financial struggles. Plus, learn how to navigate inherited wealth wisely and the importance of transparency in family financial matters.
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Handle Costly Leases Like Debt
- Reinvestigate lease buyout terms and ask for an early-pay discount before making extra payments.
- Save into a separate account and pay a single buyout check if a discount exists rather than doubling payments.
Prioritize Liens Over Low-Rate Mortgage
- Treat a lien on your house (like an HVAC lease) as a second mortgage and prioritize it in Baby Step 6.
- Pay it off before or alongside the house when the lien exceeds half your annual income.
Leases Hide High Cost Of Capital
- Leases often hide their effective interest rate and can be far more expensive than loans.
- Running the numbers usually reveals effective capital costs in the mid-teens for many leases.
