Ignorance Is Not Bliss, It's Broke! (Hour 2)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 2 June 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

George Kamel & Jade Warshaw answer your questions and discuss: "Why should I pay off my mortgage instead of keeping money in my CD?", "Should I pay off my fiancée's debt with my savings?", How doing the math on student loan payments proves that making larger payments now benefits you in the long run, "What should I be doing to set up my kids for a successful financial future?", How to decide if you should sell your car to get out of debt, "We have $360k in student loans and don't know if we should use profits from the sale of our home to pay them off." Support Our Sponsor: PODS Moving & Storage Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	See you next week.
0:27.2	Yeah.
0:28.3	Bye.
0:29.9	Live from the headquarters of Ramsay Solutions broadcasting from the pods moving in storage
0:34.5	studio.
0:35.5	It's the Ramsay show where we help people build wealth, do work that they love and
0:39.9	create amazing relationships.
0:42.5	I'm Ramsay Personality, George Campbell, joined by my fellow Ramsay personality, the exuberant
0:48.0	Jade Warshaw, joins me this hour and we are more than enthuse to take your calls at
0:52.9	AAA8255225.
1:01.6	Andrew Kicks us off in Dallas, Texas.
1:02.9	Andrew, welcome to the show.
1:04.1	Yeah.
1:05.1	So my question is, I've got the only dead of God is 190K and I'm working first mortgage.
1:11.1	I've got about $200,000 in a CD.
1:14.3	My mortgage rate is three and three quarters.
1:16.3	My CD is over 5%.
1:18.3	So I'm wondering, what would you do?
1:21.8	Would you still pay off the mortgage or hang out with the CD?
1:25.0	It's outpacing the mortgage rate.
1:27.8	Yeah.
1:28.8	This is a common question in today's world where people locked in these super low mortgage
	...

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