This episode is sponsored by SmartVester. Connect with an investing pro for free at Ramsey Solutions.

Com slash invest.

You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. Today's question comes from Nate in Ohio.

I'm learning about investing and I want your input on something.

I hear how your guy number one can start at 20 I hear how guy number one there you go can start

at 20 years old and invest a hundred dollars a month compared to guy number

two who starts at 30 and invest $200 a month.

Guy number two will never catch up because of the compounding interest.

If I have debt but also want to invest,

can't I do both in benefit from the compounding interest? I have over $100,000 in

debt from college and I do not believe I can pay that off by the time I'm 30. But I don't want to wait until I'm 30 to start investing.

What do you think? I love this question and I, you know, I wish I knew what his income was because

I would tell him, listen, the average person is getting out of debt in two years.

And let me just add to that, because this is just personal,

this is me talking.

Even if it took you longer, my husband and I,

when we paid off our debt, it took a seven and a half years to pay off the debt then we turned around and

saved up our expenses then we turned around and bought a house we were in our mid

30s before we started investing and I'm telling you we're going to be

okay and you're going to be okay too so that's just put that on... You're not only going to be

a million. Listen and come on Dave all right let's put that that on the shelf. It really is. It is. I mean, it's the math. So,

yeah. Here's the thing. What you are talking about in your life, Jade you and Sam did was you freed up your

...