Shouldn’t I Invest Instead of Paying Off My House?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 3 October 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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, Rachel Cruze, John Delony, George Kamel, & Kristina Ellis. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:14.1	Dan is in Scranton, Pennsylvania.
0:15.9	Hi, Dan.
0:16.9	Welcome to the Ramsey show.
0:17.9	Hello, Dave and crew.
0:19.7	Thank you for taking my call.
0:20.9	Sure.
0:21.9	What's up?
0:22.9	So here's my situation.
0:23.9	I'm 61 years old.
0:24.9	I'm going to be 62 in January.
0:25.9	I'll be retiring from corporate America.
0:28.4	I'm married 42 years.
0:30.3	I purchased a home in Pennsylvania this past April, while my New York home was up to
0:34.2	sale.
0:35.4	And for that Pennsylvania home, I got a 30 year variable rate mortgage for $495,000.
0:41.7	And it's currently fixed at 2.8% for the next 10 years with a payment of 2700 a month.
0:49.0	I sold my New York home shortly after I closed on the P.A. home.
0:52.6	So my question is, should I take the 500,000 from the sale of my New York home and tell
0:57.5	you off the Pennsylvania mortgage?
0:59.4	Or should I invest that 500,000 in a managed fidelity vandal or some other index fund and
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.