Should I Really Pay Off My Mortgage Instead of Invest?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 15 December 2021

⏱️ 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	Sherry is with us to start off this hour in Tucson, Arizona.
0:17.4	Hi, Sherry, how are you?
0:18.8	Good, how are you today?
0:21.2	Better than I deserve.
0:22.9	What's up in your world?
0:24.4	Okay, I've been listening to you and what's happening is, I started out in my life having
0:34.2	the role models spend, you know, sports, spend, even if you can't afford it, so I never
0:41.0	learned how to do finances correctly.
0:43.9	However, I am now 72.
0:47.6	The worst nine years have my own home.
0:50.8	Get free, but right now that I'm looking at listening to your advice is some of the
0:58.2	money I have, I would be better off going to pay off my mortgage rather than, you know,
1:05.5	sitting in the bank and making all money.
1:07.7	Yeah, so much do you own your house?
1:11.7	I replied, so now it's 89,000.
1:15.1	Okay, and how much money do you have in the bank?
1:19.3	I have, let me see, over 50,000.
1:24.9	So I will use to, you know, fix up my home a little or vacation or emergency, but, you
1:31.9	know, it's a chunk.
1:33.8	50,000.
	...

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