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Ramsey Everyday Millionaires

Become a True Investor Instead of a Victim of Debt

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 13 March 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, George Kamel, Kristina Ellis, & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

This episode is sponsored by Smart Vester.

0:07.0

You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building

0:14.6

wealth, and outrageous generosity.

0:17.8

J.C. is starting off this hour in San Diego.

0:20.9

Hi J.C.

0:21.9

How are you?

0:22.9

Hi Dave, Christina.

0:23.9

Thank you for taking my call.

0:25.9

Sure.

0:26.9

What's up?

0:27.9

Can we pay off our mortgage or do a loan recast or continue our current path?

0:36.9

Can you pay it off today?

0:38.9

Yes.

0:39.9

The only thing is we would be using all of our liquid assets in an exception of maybe 10,000.

0:50.2

What's your household income?

0:52.0

130.

0:53.2

And how much your house payment?

0:55.0

Monthly mortgage is 3,100.

0:59.0

Mortgage that's left is 152,000 at three and a quarter interest.

1:05.2

Okay.

1:06.2

Now by liquid assets, you're not talking about retirement accounts.

1:08.7

You're just talking about money you have in stocks, bonds, mutual funds, money markets,

...

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