This is the Ramsey Call of the Day, part of the Ramsey Network.

Zach is joining us up next. He's in West Palm Beach. What's up, Zach?

Hey, what's up, George, big fan. So here's my problem. I really want to be debt-free, and over the last couple years, I've been aggressively

paying off my house.

In December of 2020, paid it off.

I owned it free and clear, but then I screwed up.

I screwed up.

Dave would be very upset with me because the next day I went out and I bought a Tesla, and I

financed it over 72 months. The loan in the beginning was $54,000. I've been paying $810 a month

for the last year and a half. And I'm at a point. I have a fully funded emergency fund. I have a good

amount of money in my retirement. My house has paid off. I have a good income. Definitely have

financial peace. But I want to know if I should

work on aggressively paying off my car or if I should invest that money in the stock market.

No, we are paying off this car, man. Listen, I love both of those things. I love you paying off the car

and I love you investing in the stock market. But we've got to do one thing at a time here. So how much liquid cash do you have to your name?

Well, I have about $15,000 in an emergency fund, and then I got about another $25,000, $30,000.

So, you know, I could pay it off, but then it would lead me very little cash. But, you know, I could make large payments over time, which is what I would feel more comfortable doing. But I don't know, I'm just, I'm lost. I need some guidance.

Okay. Well, when I'm lost, I like to follow the path. And so the Ramsey Solutions Baby Steps is the path I want you to follow. And it starts

with Baby Step 1, $1,000 emergency fund. You have that. Now here's the scary news. Baby Step 2,

we're paying off all the debt using the debt snowball. This is your only debt. You've got $43,000 left on

the car? What's left? Yeah, exactly. 43,000 left on the car. And so we're going to pay this thing off, and that means everything but the thousand,

we're going to throw with the car.

...