Live from the headquarters of Ramsey Solutions,

broadcasting from the pods, moving and storage studio. It's the Ramsey show where

Natis Dom Casius King and the paint off home mortgage has taken the place of the BMW

as the status symbol of choice. We help people build wealth, do work they love and create

actual amazing relationships. Open phones this hour, Dr. John Deloney, Ramsey

Personality, number one best selling author and host of the Dr. John Deloney show is my

co-host today. We will be talking about your life and your money.

Triple eight, eight, two, five, five, two, two, five. Jay is with us in Charlotte,

North Carolina. Hi Jay, what's up? Hey guys, thank you so much for taking my call

and the BS quick as I can. Okay. Other than my mortgage, my wife and I have no

debt of any kind. We just built art. We just built our dream house. The balance on

the mortgage is $5.50. I'm sitting on about $500,000 cash. And to my question for you guys is,

do I take a substantial amount of this money and just do a recast and new monthly mortgage payment?

Do I take a substantial amount of money and invest it in mutual funds? Do you have retirement

accounts or do I just sit and hold all of it? I don't think that's the best strategy. My wife

and I really don't feel comfortable with having less at $100,000 in cash just because of the

nature of my job. And honestly, we don't have any children yet and we want to have at least one

job. What's your household income? The last year we made right at $3.50.

Okay. What's the nature of your job that is unsettling to your wife?

Well, I'm in real estate full time and it's been great, but I do see the market turning where I am.

And you just can't count on selling 40 plus ends of year every year for the rest of your life.

You know, it's a bit of a work-life balance and if we can have a kid, you know,

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