Cashing Out Investments To Pay Off a House

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 23 December 2022

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

🧾️ 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. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:14.0	Next up we have Dan calling from Charlottesville, Virginia.
0:17.0	Hey Dan, welcome to the show.
0:18.5	Hey, Christine, I do our job real.
0:20.5	Great, thanks for calling.
0:21.7	How can we help?
0:22.7	I had a question about paying down the house.
0:25.0	I wanted to put this out there in case anyone else had a similar situation.
0:29.5	All I have in our 31 with no consumer debt or more, just off 15 year fix, a 2.5% were
0:34.8	on track to pay that off early.
0:37.0	Awesome.
0:38.0	Before we knew how aggressively we wanted to pay that down, we had a chunk of money above
0:42.3	our 20% in our emergency fund.
0:44.5	We decided to set aside for a few years until we had clearer goals, you know, up to the
0:51.3	house in case we needed a car.
0:52.8	We started a family since then.
0:55.2	So it's been great having that there.
0:57.0	But it's currently in a brokerage account that was performing extremely well until a
1:02.2	short while ago.
1:04.3	But the balance in that account and the balance on the mortgage have been slowly ticking
1:08.3	closer to each other or they were.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.