Quit Playing Footsie With the Brokerage Funds!
Ramsey Everyday Millionaires
Ramsey Network
4.6 • 3.6K Ratings
🗓️ 12 June 2023
⏱️ 3 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | This episode is sponsored by Smart Vester. |
| 0:07.0 | You're listening to Ramsey everyday millionaires, |
| 0:12.0 | where we talk investing, retirement, building wealth, |
| 0:15.0 | and outrageous generosity. |
| 0:17.0 | Johnny is in Connecticut. |
| 0:19.0 | Hi, Johnny, welcome to the Ramsey shop. |
| 0:22.0 | Hi, thanks for having me. |
| 0:23.0 | Sure. |
| 0:24.0 | What's up? |
| 0:25.0 | I just bought a house a year ago, |
| 0:28.0 | and I currently have about $45,000 sitting in an account with a money manager. |
| 0:35.0 | I've had my money with him for about three years now, |
| 0:38.0 | and I'm still sitting at my original investment. |
| 0:41.0 | I'm wondering how great it's dealing in there, |
| 0:45.0 | and if it'd be better to just put that towards my mortgage. |
| 0:49.0 | I always put 100% of non-retirement savings |
| 0:52.0 | above the emergency fund towards the mortgage. |
| 0:55.0 | Right, so you think that it would be better off with the mortgage? |
| 0:58.0 | I always put 100% of non-retirement savings |
| 1:02.0 | above the emergency fund toward the mortgage until the mortgage is paid off. |
| 1:07.0 | Otherwise, let's say you had that invested in mutual funds as an example. |
| 1:12.0 | And you didn't reduce your mortgage. |
... |
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