How Do I Balance Paying Off the House and Investing?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 18 August 2021

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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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, Christy Wright, Rachel Cruze, and John Delony.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:14.2	Tyler's with us.
0:15.2	Tyler is in Salt Lake City.
0:16.6	Hi, Tyler.
0:17.6	What's up?
0:18.6	Hey guys, thanks for letting me join you there.
0:20.6	Sure.
0:21.6	How can we help?
0:22.6	Hey, so I just kind of have a unique job situation.
0:25.4	So we're in baby step 456 and I'm a professor at a university and so they put 15% of my income
0:34.8	through a retirement account every paycheck.
0:37.3	They do free tuition for my kids and our plan is to get the house paid off in the next four
0:42.9	years.
0:43.9	But I wonder what's the, I guess what I should be doing in terms of that 456 in addition
0:50.7	to maybe doing some remodels to the house that my wife really wants.
0:56.5	Okay, well baby step four is 15% of your income going into retirement, right?
1:03.5	Mm-hmm.
1:04.5	Okay, and that gets you the full match, right?
1:06.5	Well, so they do that without a match.
1:10.2	So they do 15% regard, I don't put in any they put in just in terms of.
1:14.2	Okay, well that's just a nice benefit.
	...

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