Become a True Investor Instead of a Victim of Debt (Hour 3)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 5 December 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & Kristina Ellis discuss: Why it makes sense to pay off your house, The BS that is your FICO score, Knowing when it makes sense to move somewhere cheaper. Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	music
0:04.3	music
0:27.7	Live from the headquarters of Ramsey Solutions broadcasting from the pods moving and storage
0:33.5	studios. It's the Ramsey show where dead is dumb, cash is king and the paid off
0:39.1	home mortgage has taken the place of the BMW as the status symbol of choice.
0:46.2	We help people. Build wealth, do work that they love and create actual
0:53.1	amazing relationships. Christina Alice, number one bestselling author Ramsey
0:57.9	personality is my co-host today. Our phone number
1:01.1	is a free call and some say the advice is worth exactly what you pay for it.
1:05.9	The phone number is triple eight eight two five five two two five
1:10.4	that's triple eight eight two five five two two five
1:15.6	JC is starting off this hour in San Diego. Hi JC how are you?
1:21.4	Hi Dave Christina thank you for taking my call. Sure what's up?
1:26.7	Should we pay off our mortgage or do a loan recast or
1:33.5	continue our current path? Can you pay it off today?
1:40.2	Yes the only thing is we would be using all of our liquid after
1:45.9	an exception of maybe 10 15 thousand. What's your household income?
1:54.0	130 and how much your house payment?
1:57.9	Monthly mortgage is 30 100 mortgage that's left is 152 thousand at three
2:07.0	and a quarter interest. Okay now by liquid assets you don't you're not
2:10.8	talking about retirement accounts you're just talking about money you have
2:13.5	in stocks bonds mutual funds money market set kind of stuff.
	...

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