No! I Was Trying To Tell You That's A Dumb Idea!
Ramsey Everyday Millionaires
Ramsey Network
4.6 • 3.6K Ratings
🗓️ 19 July 2023
⏱️ 8 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | This episode is sponsored by Smart Vestor. |
| 0:07.2 | Connect with an investing pro for free at RamseySolutions.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. |
| 0:21.9 | Right up next we have Borchay in Portland, Oregon. |
| 0:26.6 | Hey Borchay, welcome to the show. |
| 0:28.8 | Hey guys, how are you doing? |
| 0:29.7 | Thanks to take my call. |
| 0:30.6 | Absolutely. |
| 0:31.5 | How can we help? |
| 0:33.1 | Yeah, so I was calling in because I had a question for you guys, 32 years old, self-employed, |
| 0:40.1 | and I have an ambition to retire in 10 to 12 years. |
| 0:44.4 | For the last couple of years I've been investing pretty aggressively, $10,000 to $12,000 a month |
| 0:49.5 | of my portfolio is roughly around 300,000 just a little bit over. |
| 0:54.0 | I don't have any debt, I have about 90,000 in cash, and the only debt that I do have is |
| 1:01.0 | a house payment, so I do have a college fund set up for my child as well, I have another |
| 1:07.7 | kid that's still here in a couple of months, so we're going to bump that up a little bit. |
| 1:11.7 | My question was, should I start putting more money towards our house to pay it off sooner, |
| 1:18.7 | or should I continue to invest that 10 to $12,000 a month in hopes of obviously being |
| 1:24.0 | done in about 10 or 12 years? |
| 1:27.1 | What's the panic? |
| 1:28.7 | Is it part of the fire movement or the great Mr. Money Mustache? |
... |
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