you're listening to ramsy everyday millionaires where we talk retirement building wealth and outrageous generosity

let's go to the phones that's where Ken's better off carer joins us there she is in Phoenix Arizona carer welcome to the ramsy show

yes hi i had a question for you guys um we love questions that win the question i ask curly is when do i start feeling the financial peace but they talk about because i'm in four five and six and i still don't feel very peaceful in my budget

why well i don't know when i think i might just be a contingent thing like you were talking about yesterday but we i mean we bring home 120,000 well our income is 120,000

we're investing 15% we have a hundred dollars going into the five 29 for the kids we have the buy weekly monthly mortgage payments so we're paying that off after

but at the end of the month we might only be able to save like three or five hundred dollars after all the investments for like our next vacations or for Christmas or for the next car we need to buy and we're thinking about having baby number three

and it just feels like we don't have enough extra money to do all those things i don't know

oh so care tell me about your debt free journey how stressful was that where you started well it was a little different because i've always been debt free and i married my husband i put my savings account we wipe out his debt and then when you wanted to get his master's degree we moved in with my parents and the cash flow the whole thing so i didn't go for a long time

yeah i didn't have a typical baby step two when we after we lived in my parents house and paid for your his degree and cash we bought our house and then i don't know it just kind of our budget is different than most people who like rolled their debt into their savings i don't know

so if i hear this correctly you're doing all the steps is great but you you don't have as much money as you'd like to be able to save to be able to spend to do

something that you want to do so are your other expenses too high or do you guys just not have enough income based on where you are in your in your part of the world i just don't see Phoenix being that crazy so what's missing here

well i want to i mean be care is super expensive i have two kids under five and we both work full time so that's more than our mortgage right there

okay i think that'll be gone in a year or so well when is the first one go to school um a year from this fall so it's still 2023 in the fall

but then that's one more thing again but if we have another baby that's just more i don't know we want to have more kids but we'd feel like we can't afford it

which feels weird because we're debt free and we make six figures yeah you you can afford it it's just it feels like a crunch right now what if you guys dialed back on the extra mortgage pay off temporarily

well yeah and that's what i was wondering is okay and another part of my question is would it be crazy if we dialed back on investing instead of 50% put it down to like 10 or 8

yes that would be crazy i don't want your sweet kids have to take care of you in your old age because you don't have to take care of your kids

I don't want to take care of you in your old age because you dialed back investing to take care of them

I thought if I didn't listen to Ramsey and yesterday I got a car loan today they'd Ramsey would tell me to stop investing to pay off the car loan

so that kind of where i was coming from yeah but George you don't have any debt George it tells you to slow George will you slow down on your on your extra mortgage payment

yeah yeah that's different that's baby stuff so much is that so let's just be reprinted

the extra mortgage payment feels like it's only $600 every six months that doesn't seem that much but like every month we're putting $1,500 into retirement

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