My Financial Advisor Wants Me To Invest Before Paying Off Debt

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 28 June 2023

⏱️ 9 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, Rachel Cruze, John Delony, George Kamel & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	This episode is sponsored by Smart Vester.
0:07.2	Connect with an investing pro for free at Ramsey Solutions dot com slash invest.
0:15.2	You're listening to Ramsey everyday millionaires where we talk investing, retirement, building
0:19.7	wealth and outrageous generosity.
0:22.8	Pat's in Fort Lauderdale, Florida.
0:24.6	Hi Pat, welcome to the Ramsey show.
0:26.6	Hi Dave, how are you?
0:28.0	Better than I deserve.
0:29.0	What's up?
0:29.9	I think for having me in your staff answer my email.
0:31.9	So I was calling and referenced to I have I did the financial piece university doing COVID.
0:37.7	I paid off a rest of home all my debt credit card debt and my car.
0:42.8	My only debt right now is my I only debt right now is my home that I currently live in and
0:48.8	my student.
0:49.8	So I have a financial advisor that I reached out to and I told him that I wanted to pay.
0:54.6	Tony, I only owed I'm down to $15,000 on the student.
0:58.0	I told my wanted to pay that off in the next year and he feels that I should not do that
1:02.9	instead allocate that money towards my Roth IRA.
1:06.8	And my question is, do I go against him?
1:09.2	Do I go, you know, I don't know which road to take?
1:11.7	And how much do you own your student loan?
1:15.6	15,000.
	...

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