Should I Pay Off My House or Start Investing First?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 1 September 2021

⏱️ 7 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	Jenna is with us in St. Paul.
0:15.9	Hi, Jenna, how are you?
0:18.3	I'm good.
0:19.3	How are you?
0:20.3	Better than I deserve.
0:21.3	How can I help?
0:22.3	Well, about five years ago, I took financial piece and was following the baby steps and
0:28.8	made it through the first three baby steps and really enjoyed it.
0:31.6	And just purchased about a year and a half ago, my first home.
0:35.6	Good for you.
0:36.6	And yeah, I passed paid off, so it was really exciting.
0:39.9	Wow.
0:40.9	But yeah, it was really, really fun.
0:44.5	But now I'm really nervous about retirement and I haven't thought about baby step number
0:51.4	four, that whole investing piece, and it can be really nervous about should I pay off
0:55.0	the house first, should I start investing?
0:57.7	I'd rather care about that.
1:01.7	So let me get this straight.
1:03.1	You learned a financial process called the baby steps and you've used them very, very successfully
1:11.3	to get where you are and you've done very well, by the way.
	...

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