13 day

5. From the headquarters of Ramsey Solutions, broadcasting from the Paws, moving and

storage studio, it's the Ramsey Show, where America hangs out to have a conversation

about your life and your money. I'm your host, Christina Ellis, joined by my co-host,

George Hamill, gives a call of triple 8-825-525. First up, we've got Brian calling from

Greenville, South Carolina. Hey Brian, welcome to the show. Hey guys, thanks for taking my call.

Thanks for calling, how can we help? So I'm working through baby steps, 4, 5 and 6. I'm

contributing like 21% to my 401k, but I want to know if I should back that down and tackle the house.

Well, how much do you have left on the house? I just bought it two years ago, I owe $192.

What made you decide to go with 21%, that's very specific? So I put in the 15% you know

that Dave recommends, my company matches 4%, and then every year they automatically pump up my

contribution 1%. So I guess I'm contributing 17% myself and my company matches 4%.

Oh, okay. Can you stop the automatic upgrade in your 401k there? Yeah, I can.

Okay, yeah, I'd bump that back down to 15% until the house is paid off and then you can go hog wild.

So should I back mine down to 11% let my company know you go to 15% of your income regardless

of what's happening with the match. Okay, and do you have kids? I have one. Okay, are you

saving for college? Yeah, I started a 529 for him a year ago. Awesome. Great. Well, you're

doing awesome. I mean, you're pretty close to being right on plan. Just with that little 2% change.

I mean, you're right on on track and I love your motivation to pay off the house. I love that

you're getting so fired up. What's your timeline to pay it off? Yeah, I got a plan for about

eight years. Oh, I think you can do better than that. What's your income? My base salary is

60,000, but with over time, I do close to 72. That's awesome. And you've got some margin to put

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