Should I Invest My Inheritance or Pay Off My House?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 11 February 2022

⏱️ 5 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, Christy Wright, 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.
0:14.2	Neal is where this Neal is in Nashville if I hit the right button he would be.
0:19.2	Try it again, let's see.
0:21.0	There he is.
0:22.0	Hey Neal, how are you?
0:23.0	Hey, great thanks.
0:24.0	How are you?
0:25.0	Better than I deserve.
0:26.0	What's up?
0:27.0	Hey, I just wanted to thank you for your awesome advice through the years, my wife and I have
0:31.8	been debt brief for five years and on the investment step.
0:37.0	Great.
0:38.0	Yeah, so my question is that we're going to get a fairly sizable inheritance in a few
0:43.4	months and we want to pay off our house.
0:48.0	Cool.
0:49.0	And that will pretty much cover the balance of the mortgage.
0:53.5	And my question is there's just been different schools of advice that we've had about like
0:59.8	maybe taking some of it investing, half pay off, just invest the whole thing, etc., etc.
1:05.9	But we like being debt free and we want to pay off our house.
1:09.5	Good.
1:10.5	So, yeah?
	...

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