Should I Invest Like Crazy or Pay Off My Mortgage?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 30 May 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, and George Kamel.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:14.0	Jackson is in Tampa, Florida.
0:15.6	Hi, Jackson, how are you?
0:17.0	Hey, I'm doing well.
0:18.2	How are you?
0:19.2	Better than I deserve.
0:20.2	What's up?
0:21.2	Hey, I got a question regarding the mortgage.
0:23.2	I know you guys talk about, I have no debt.
0:26.8	And then you talk about putting 15% towards investments, and then the rest going towards
0:31.8	your mortgage.
0:33.3	My wife and I are incredibly risk tolerant, lost about $50,000 in our mutual funds over
0:40.1	the past month, and still just sold my car, invested that money straight into the stock market
0:45.2	because they're on sale.
0:47.4	So I know, well, I think that the math says investments, you're obviously a very successful
0:52.2	man.
0:53.2	So I'm not going to argue with you, but I'd like to genuinely know, why do you want to
0:56.8	go with that approach versus the investments?
0:59.9	If you risk tolerance.
1:01.9	Well, risk tolerance has to do with what your emotions will allow you to do without going
1:08.5	into freak out mode.
	...

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