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live from the headquarters of Ramsey Solutions broadcasting from the pods moving in storage studio

since the Ramsey show where we help people build well it worked that they love and create

actual amazing relationships thank you for joining us america jade wash all Ramsey

personality is my co-host today as we answer your questions about your life and your money

open phones at triple eight eight two five five two two five that's triple eight eight two five five

two two five starting this hour is going to be Anthony Anthony's with us in Jackson Tennessee

hi Anthony welcome to the Ramsey show hey Dave how are you better than I deserve what's up

all right my question today involves uh have to do with paying off a mortgage or saving up a

down payment for a new house my wife and I are we just became consumer debt free and we will have

our emergency phone built up within the next two months and I just wasn't sure uh if it's

better to build the equity in our existing mortgage and I think we could get it paid off within

that two to three year period or just save up a pilot cash well congratulations way to go man

thank you feels good to get controlled isn't it it does 55,000 in 18 months there's a student loans and

a car loan way to go that's exciting yes man thank you so the question is you're thinking ahead

to paying off your mortgage am I understanding that correctly yes either that or getting

a sizable down payment for cash I didn't know which one would be more beneficial well once you've

got your emergency funds saved walking down the baby steps then you're going to start putting that

15% away for retirement right do you have anything with kids college coming up do you have kids uh

we we do have a one year old little girl we haven't really started anything on her yet because we're

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