Pay Off the House and Get Rich With Your Old House Payment! (Hour 3)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 21 February 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & Jade Warshaw answer your questions and discuss: "I have $400k in cash... should I pay off my house?" Setting up life insurance to go to your children, from the blog: What Is Life Insurance? "Should I drop out of college to take a job?" Avoiding a reverse mortgage, from the blog: What Is a Reverse Mortgage? "We bought a house with a solar lease" Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Take our FREE 3 minute assessment: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Based作為
0:30.0	Live from the headquarters of Ramsey Solutions, broadcasting from the pods, moving and storage studios.
0:36.3	It's the Ramsey Show, where we help people.
0:40.0	Build wealth, do work they love, create actual amazing relationships.
0:45.5	Jade Washall Ramsey Personality is my co-host today, open phones at AAA8255225.
0:52.5	Greg's in Spokane. Hi, Greg, how are you?
0:56.0	I'm doing well, Dave. How are you?
0:57.7	Better than not to serve. What's up?
0:59.7	Yeah, I see.
1:00.7	Well, I am under one degree of call for a while because I think I don't know.
1:06.7	I asked my accountant, she had more of answering it, but I'm wondering if I should pay off my house.
1:14.7	And it's just under 160,000.
1:18.7	So, do you have any other debt?
1:21.7	I have no other debt.
1:23.7	And do you have an emergency fund saved up, three to six months of expenses?
1:28.7	I have about 450,000.
1:33.7	Oh, saved up?
1:35.7	That saved up. Well, you have $160,000 mortgage.
1:40.7	Correct.
1:41.7	Okay.
1:43.7	How did you save up all this? Can you tell me more about this 450K you have saved? I'm just interested.
1:49.7	Yeah, well, yeah. Well, okay. So, I guess I can't necessarily say that I have all of that because part of it is just, you know,
	...

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