Should We Pay Off Our House Before We Start Investing?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 20 September 2021

⏱️ 6 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	Shelley is calling.
0:15.6	Hi, Shelley, welcome to the Ramsey show.
0:18.2	Hi.
0:19.2	Thank you for taking my call.
0:21.2	Sure.
0:22.2	What's up?
0:23.2	My husband and I just finished baby step three on Saturday.
0:27.6	Yay!
0:28.6	Congratulations.
0:29.6	I'm excited.
0:30.6	Thank you.
0:31.6	But we have a question about baby step four.
0:35.8	We don't have children at home, so we're not, baby step five isn't relevant for us.
0:41.3	That my husband has a very generous pension plan.
0:46.4	He makes about 112,000 a year in retirement.
0:51.7	And so we're trying to figure out if it's reasonable for us to not worry about that four.
0:57.4	We don't have earned incomes.
0:58.9	So we can't do an IRA or anything like that.
1:01.6	We need to do a mutual fund.
1:03.8	Should we just get over to six and focus on paying off our house?
	...

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