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The Ramsey Show

What if You Could Build a Life That Didn’t Exhaust You?

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.636.7K Ratings

🗓️ 22 November 2024

⏱️ 83 minutes

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan 📱Watch the full episode for free in the Ramsey Network app. Dr. John Delony & George Kamel answer your questions and discuss: "Investing while paying off debt," "Getting on the same page with our finances" "Wait for the economy to improve before I invest?" "My mother-in-law wants my wife to stay home," "Should I throw everything at my mortgage?" Support Our Sponsors: 🌱 Get 10% off your first month of BetterHelp 🏥 Learn more about Christian Healthcare Ministries 🏡 Get started today with Churchill Mortgage 🔒 Get 20% off when you join DeleteMe 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! 🥗 Save 15% on your first Field of Greens order with code RAMSEY 💤 Visit Helix Sleep for special offers! 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for 18% off at The Nokbox 🏛 Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 💵 Start your free budget today. Download the EveryDollar app! 🎄 You could win $5,000 in the Ramsey Christmas Cash Giveaway! Enter today. 🩺 Find the Right Health Coverage During Open Enrollment 🎁 50 days of Christmas deals are here! Get 30% off meaningful gifts. 🎟️ Get Tickets to the Money & Relationships Tour Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

Live from the headquarters of Ramsey Solutions, it's the Ramsey show where we help people with their money, with their mental and emotional health, with their work, with their marriages, with their lives.

0:25.5

I'm John Deloney joined by my great friend George Camel.

0:28.7

We are taking your calls live at AAA 825-5-2-2-25, AAA-825-5-2-25 on this incredible, this beautiful, cold Nashville day.

0:41.0

Let's go out to Sheridan, Wyoming, and talk to Brett.

0:44.3

What's up, Brett?

0:46.6

Hey, am I coming through?

0:48.3

Yeah, you are coming through loud and clear, brother.

0:50.0

What's up?

0:51.4

Awesome.

0:52.3

So I'm 24.

0:53.8

I just took a new job.

0:55.0

And so after expenses and rent and all that good stuff, I was about $1,300 each month

1:01.0

left to play with, give or take.

1:03.0

I currently have $30,000 in student loans, but I do have $1,000 already saved up.

1:08.0

And I'm hoping in the near future that I can buy a house here. And I was just

1:13.2

curious, it's like what money markets or mutual funds that you guys would, excuse me, sorry,

1:19.5

I'm curious as to like what kind of ways I should invest my money in to make this dream of reality,

1:25.8

to be debt free and to hopefully be a homeowner here

1:27.8

soon. Love it. Well, I'll tell you this. Right now, you should be investing in your freedom,

1:33.4

and that means getting out of debt as fast as possible, which then means the home dream needs to

1:39.0

take a back seat for now. So that $1,300 extra, I don't think it's plain money. I think it's get out of debt money.

1:46.1

And we'll get to investing soon enough because you got $30K in debt.

...

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