Shouldn’t I Keep Investing While Paying Off Debt?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 20 October 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel, & Kristina Ellis. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:11.0	Abby's up next in Phoenix, Arizona.
0:13.5	Abby, how can we help?
0:14.6	Hi.
0:15.5	So my boyfriend and I went to see you guys when you guys came back in, like, September 12th.
0:21.6	Oh, great.
0:22.6	Building wealth, fun times. Thanks for coming.
0:24.6	Yes, it was definitely a good time.
0:27.6	And so he is the financial guru between the two of us.
0:32.6	And so we're having...
0:35.6	He doesn't have any debt.
0:40.3	So we're trying to get mine under control.
0:45.0	And the subject of the 401K came up.
0:48.9	And I told him I was contributing 10%. And so he told me, like, until my debt is under control,
0:53.3	we need to stop with contributing to my phone case.
0:57.3	He said, you know, it's fine, so now zero percent, you know, until we get it done.
1:02.2	And so I changed it.
1:03.4	And then I got a second opinion from my brother.
1:06.8	And he said, he's like, well, they match four percent.
1:10.2	Why don't you just continue to put in that 4%?
1:13.5	Like, you haven't seen it anywhere because you're at 10.
1:16.2	It's not going to make that big of a difference.
	...

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.