you're listening to Ramsey every day millionaires or we talk retirement building wealth and outrageous generosity

Steve joins us in Kansas City Steve welcome to the Ramsey show

Well, thank you George. Good talking to you. I was looking for the better than I deserve

Oh, man, if I tried that Steve you wouldn't understand the hate mail that would come my way, you know, but one of these days I'll risk it

Well, hey, we've got a quick question for you

So here's my scenario. I'm in my early fifties, okay, and so I've got a home with a 95,000 other home pay off

I've got right at seven years left to pay on the home. I

Have about 85,000 in savings

My question really is the friends I had that are into big intent investing I have one friend that says pay the house off

Don't even question it. I have four other guys that say oh, no, you want to use their money at 2.5%

to pay the home off and

Then use the 80,000 and invest it because you can double that in seven years and that's about the time I got my house to pay off

So when I do the math and if I just completely pay it off by East Payment and at 145

So if I look at that I pay an extra 45 was 50 basically

You see what I'm saying I do the math and then oh sure I have 85 in there. Yeah, no, this is

Yeah, they're they're not geniuses. They just are looking strictly at math and that's the problem here

You can't you can't

You know detach the emotion out of this of the emotion of not having a payment in the world

Having zero risk because you own your home outright. So what's your mortgage payment?

It's right at 1962 a month

1952

Mm-hmm. So let me give you some more math for your buddies if they're listening

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