Pause Investing To Pay for College?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 22 July 2022

⏱️ 8 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, and George Kamel.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:14.0	John is in Atlanta starting off this hour.
0:16.2	Hey John, welcome to the Ramsey show.
0:18.2	Hey, Christina Dave, thank you for taking my call.
0:20.6	I really appreciate it.
0:21.9	Sure, what's up?
0:22.9	Hey, I got a question.
0:24.7	I'm 48 years old.
0:26.5	Me and my wife have saved enough for our retirement, at least I think is enough.
0:31.2	We have no debt.
0:32.2	All I've bought we've got is a house payment.
0:35.2	I've got two gifts in college, two boys that we are paying for the education, paying cash.
0:42.7	Here's what my dilemma is, I'm hoping to retire by 55, that's about seven years.
0:48.9	And I think I have reached a point when I do my calculations with my retirement saving
0:54.4	so far that I have.
0:56.2	My contributions now don't make a whole lot of difference just the way the compound
1:01.4	interest works.
1:02.8	Ten years now from now or six years, seven years from now.
1:07.1	I was wondering if I can just stop contributing, just do minimum 4% so that I can get an
1:12.8	employer's match and then start saving after tax.
1:17.3	Pay my house off, pay for my two kids college, my younger son who's starting medical school
	...

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