Pay Off Your Stupid Debt!

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 3 June 2024

⏱️ 4 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. Start budgeting for free today. My wife and I have
0:08.3	$15,000 in student loans. Oh my God. And she's a first year resident physician. We currently make
0:17.0	$120,000 per year and have $70,000 in savings.
0:22.1	Based off of our income now, we don't have to pay interest on those student loans.
0:26.6	And I'm wondering, is it irresponsible to prioritize further saving, investing, and retirement
0:32.8	planning?
0:33.4	Yes.
0:33.7	I think that my wife isn't intending.
0:35.1	Yes.
0:35.5	Okay.
0:36.2	You need to clear up a stupid debt.
0:40.2	As fast as you can.
0:42.8	And you need to use a bunch of that $75,000 to do it today.
0:46.6	Should we mobilize that immediately?
0:49.3	Yes, today.
0:50.9	Okay.
0:51.6	Yeah, I'd take almost all that money and throw it at that student loan today.
0:55.0	And let's get rid of it.
0:56.4	Here's how I know that.
0:58.4	How old are you, Matthew?
1:00.2	We're both 28.
1:01.4	Okay.
	...

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