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The Ramsey Show Highlights

How Aggressive Should I Be With Savings?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 29 September 2020

⏱️ 5 minutes

🧾️ Download transcript

Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Chris Hogan, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's Tuesday, and this is the Ramsey Call of the Day, part of the Ramsey Network.

0:06.7

Landon is with us.

0:08.4

Landon is in Memphis.

0:10.2

Hey, Landon, how are you?

0:11.9

Hey, how's it going, Dave?

0:13.2

I appreciate you taking my call.

0:14.6

Sure.

0:15.0

How can I help?

0:16.8

So I'm 24, my wife is 22, and she just started working, and we're both working full-time now,

0:22.7

and we want to pay our house off from the next 17 months. Wow. I love you guys.

0:26.6

I know that you say that you should take your foot off the gas just a little bit and do some things after you pay off your debt. So we didn't have any debt,

0:33.8

so we just really hate our house payments so much that we just want to kind of kill

0:37.9

it and get it over with. And so after we do that, our goal is to save up for some rental properties

0:42.7

and potentially build a real estate portfolio and go from there. In all cash, right? Of course, yes,

0:51.3

sir. Yeah, man, you're on. Wow, I love you. You're awesome. So my question is, is after

0:56.1

pay our house off and start saving up for real estate, how aggressive should we be in building our

1:01.8

real estate portfolio? Because if it was up to me, and my wife would do it to, I was just a bean

1:06.6

right. Yeah, because she's 22. When she's 32, maybe not so much. She'll get tired of your butt.

1:12.5

Exactly.

1:13.2

And so, you know, how aggressive should we be to saving up and paying cash for real estate, you know, and still enjoy some of, you know, the money?

1:23.3

I got to tell you, man, I really like you.

1:24.7

I was you when I was 24.

...

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