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You're listening to Ramsey everyday millionaires where we talk investing retirement building wealth and outrageous generosity

Zach is in Los Angeles. Hey Zach, welcome to the Ramsey show.

Thank you.

Thank you for having me.

I'm honored to speak here.

You too.

How can we help? So I have a quick question.

So I'm debt free. I'm 28 years old I actually just got a

promotion and I make about a hundred and a little over a hundred thousand

dollars a year and I was wondering if I should be saving for my house or investing in my 401k or both,

because my company does something interesting with the 401k, where it does 5% match but then on top of that

regardless of how much I put and they put in 5% of my salary. So you're forced to do 5%

regardless? No, not forced. They put in 5%. Yeah, they put in 5%. So you make 100k, they'll put in an

extra 5,000 for you on top of the match. Correct. Correct. Cool. Okay.

Well, you're at, well we would call Baby Step 3B if you have a fully funded emergency fund.

Do you have that in place in your savings?

I do.

Awesome.

So this is a choose your own adventure, my friend, and based on your age and your goals and your priorities you could

Invest up to the match and put the rest in a down payment fund you could invest 15% whatever is left over doing the down payment.

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