Stick to the Plan Even When It’s Tough

2025/4/16

The Ramsey Show

Abigail from Portland, Oregon, is considering leasing six acres of her 45-acre land for a solar farm for $4 million over 40 years. Dave and Jade discuss the pros and cons, including the financial stability of the solar company, the impact on her heirs, and the potential encumbrance on the property. Dave suggests selling a portion of the land instead to fund her retirement.

Leasing land for a solar farm can tie up the property for decades, affecting its future use and value.
It's crucial to assess the financial stability of the solar company to ensure they can fulfill the lease terms.
Selling a portion of the land might be a better alternative to generate income without long-term encumbrances.

Shownotes Transcript

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Dave Ramsey and Jade Warshaw answer your questions and discuss:

"A company wants to use my land for a solar farm. What questions should I be asking them?"
"Should we pay off my girlfriend's student loans or my mortgage first?"
"Is it necessary to at some point get a credit card? My mom says it is, but I want to think otherwise,"
"I'm trying to follow the Baby Steps and it's not working. What am I doing wrong?"
"My wife feels like our budget is too restrictive. How do we figure out how much fun money to have?"
"I have a high income but a lot of debt. Should I pay off commercial debt or personal debt first?"

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