Couple Split Over Selling $600,000 in Crypto to Cut Debt
The Sacramento couple owes about $400,000 on its mortgage and has $5,000 in cash savings, while its crypto holdings are roughly $600,000.
Key takeaways
- Sarah wants to sell crypto to pay down the couple’s mortgage.
- The couple has about $5,000 in cash savings and roughly $600,000 in cryptocurrency.
A Sacramento couple is divided over whether to sell cryptocurrency worth roughly $600,000. Sarah wants to cash out enough to pay off their mortgage, while her husband expects the investment to rise further.
The couple owes about $400,000 on its mortgage and $20,000 on a car loan. They bring home roughly $170,000 a year and have three children, but keep only $5,000 in cash savings, according to Sarah’s account on “The Ramsey Show.”
Co-host George Kamel urged them to sell enough to address debt, build emergency savings and diversify. Co-host John Delony said the disagreement also reflected Sarah’s desire for greater financial security; he suggested counseling if the couple could not reach agreement.
This article was produced with the help of AI technology. Source: Yahoo Finance
