Pause Investing To Pay Off Our House?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 31 July 2024

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

💰Need Help with your investments? Click here to connect with a SmartVestor Pro. 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, and are disciplined and responsible! Next Steps: 💵 Sign up for EveryDollar today - Create a free Budget! 🏠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. Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership 💸 The Ramsey Show Highlights Ramsey Solutions is a paid, non-client promoter of SmartVestor Pros. 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 SmartVester. Connect with an investing pro for free at Ramsey Solutions.
0:11.0	Com slash invest.
0:22.0	You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth, and outrageous generosity. Alyssa joins us all the way from Alberta, Canada.
0:25.0	What's going on in Alberta, Elissa?
0:28.0	Sorry, what was that?
0:29.0	What's the vibe in Alberta?
0:30.0	Oh, it's actually pretty nice out right now, so all right.
0:34.6	Wonderful. How can we help today?
0:37.2	My husband and I are wondering if you guys think it's okay if we stop investing for
0:41.7	two and a half years in order to pay off our mortgage.
0:44.4	Whoa, why the aggression?
0:46.4	Because we want to be mortgage free before we have kids so that I don't have to work if I don't want to.
0:52.4	Uh-huh. Okay, how old are you two? so that I don't have to work if I don't want to. Aha.
0:53.6	Okay, how old are you two?
0:55.6	23 and 25.
0:57.6	And what's left on the mortgage?
0:59.4	$167,000.
1:01.6	All right. What's the household income?
1:03.8	Gross annual income is about $150,000.
1:07.0	And that's with you working.
1:08.0	So your goal is, hey, we don't, you're not pregnant,
1:11.0	but once we start to go down that path you want to be able to stop
	...

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