Lou

𝗖𝗹𝗶𝗽𝗽𝗲𝗿| 𝗱𝗺 𝗳𝗼𝗿 𝗮𝗱𝘀

[Lou @Lou_inc]

@Tokyo_pi1 30-40 is way too much for mate

[Lou @Lou_inc]

Caller: I’m 70 years old and want to retire by 80. A company wants to lease 45 acres of my family farmland for a solar farm, and I’m wondering if it’s a good idea.

Dave Ramsey: I’d be very cautious. If the company goes out of business, you could be left with outdated solar equipment that’s expensive to remove.

Caller: They say the lease will provide income for 30 to 40 years.

Dave Ramsey: The problem is that the lease ties up your land for decades, making it harder to sell or pass on to your family. It could also become a burden for your heirs.

Caller: So what would you do instead?

Dave Ramsey: I’d consider selling a smaller portion of the land maybe 10 acres and investing the proceeds to generate retirement income. That gives you cash to retire while allowing you to keep most of the property in the family.

Caller: So you wouldn’t sign the solar lease?

Dave Ramsey: Not based on what you’ve shared. I’d rather have flexibility, liquid investments, and avoid locking up your land in a long-term agreement.

[Lou @Lou_inc]

@uncvoss He’ll lose his mind less than 10 years into that agreement

[Lou @Lou_inc]

@Ankara_inc 40 years lease is way too much

[Lou @Lou_inc]

Ft @DaveRamsey

[Lou @Lou_inc]

@cinegeek69 Was having some flash backs there

[Lou @Lou_inc]

@wyd_loner All the best 😂

[Lou @Lou_inc]

@flooszn That must be so brave of him…the biggest asset of a man is his mind putted to something

[Lou @Lou_inc]

@Paris_dnd I second that including the buying cars way out of their level of finance

[Lou @Lou_inc]

@fOx1257067 This going to have a happy ending ngl

[Lou @Lou_inc]

@Ankara_inc He might be right in is own world but when it comes to MJ’s legacy all arguments need to seize

[Lou @Lou_inc]

@famousTheGreats This is pure mismanagement

[Lou @Lou_inc]

@BeyondTheHeat Neither of them isn’t HEAT’s solution

[Lou @Lou_inc]

@_Jeffery0 Absolutely

[Lou @Lou_inc]

@legendaryBL Yes in one of his songs

[Lou @Lou_inc]

@PieRsqaure That’s the power of the OBAMA family

[Lou @Lou_inc]

@SageScrolll He was taken advantage of and highly disrespected that should never be tolerated anywhere

[Lou @Lou_inc]

@sty_defi Tweeting it was so childish of him

[Lou @Lou_inc]

Caller: My wife and I are facing a $1.4 million debt crisis. We took out a bridge loan at 10.99% to buy a new home, and now the loan is almost due.

Dave Ramsey: What’s holding things up?

Caller: Our old house is under contract, but the buyers can’t sell their home, so the deal has been stuck for over 40 days. If it doesn’t close soon, we could face foreclosure

Dave Ramsey: First, don’t panic. Update your listing to “active/contingent” or “accepting backup offers” so other buyers know they can still make an offer.

Caller: Should we cancel the current contract?

Dave Ramsey: No. Forty days isn’t unusual in this market, and your current buyer is still your best chance. At the same time, call your lender immediately and negotiate an extension on the bridge loan

Dave Ramsey: Stay proactive, keep the current deal alive, and increase your chances of finding a faster buyer if one comes along.