Pay Off My House Before My Student Loans?

The Ramsey Show Highlights

Ramsey Network

Business, Investing, Education, Self-improvement

4.5 • 839 Ratings

🗓️ 22 August 2024

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Brought to you by the Every Dollar app.
0:04.3	Start budgeting for free today.
0:06.5	So I just paid off a little under 50,000 in consumer debt.
0:10.9	Good for you.
0:11.8	Since March.
0:12.7	Way to go.
0:13.2	Debt in an auto loan.
0:14.8	How'd you do that since March?
0:18.5	Using the Every Dollar app.
0:21.0	Do you have a pile of money in your bank or something when you started?
0:26.6	No, I'm in my second year of owning an event rental business, and it's been pretty good.
0:31.9	Okay, so you're just making a lot of money and you just dumped it all on debt.
0:34.3	Good for you.
0:34.9	Way to go.
0:37.0	Yeah.
0:41.1	So I have $68,000 in student loans and then 179,000 in mortgage. So I'm kind of looking for your advice on the next steps and paying
0:48.8	this off. I do okay financially.
0:54.9	What's your income?
1:03.3	Teaching is about 65,000, and then the event rental business is a little bit over 100.
1:04.1	Wow.
1:05.0	So, 165. Are you doing the event rental stuff part-time?
1:08.2	It goes from March to November, and then the school year. I mean, it overlapsed the school year a little bit, but...
	...

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