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Live from the headquarters of Ramsay Solutions, broadcasting from the pods of moving and storage studios.

It's the Ramsay Show where we help people build wealth, do work that they love, and create actual amazing relationships.

J.W.W.R.M.G. personality is my co-host today. The phone number here is AAA8255225. That's AAA8255225.

Starting this hour off is Lisa in Ogden, Utah. Hi Lisa, welcome to the Ramsay Show.

Hi, thank you. I'm so excited to get your advice. I've been binge watching shows trying to give an answer to my question.

Go ahead and get to talk to you. We'll try. How can we help?

I have 14 years ago I joined the workforce after a divorce and took financial piece that was offered to my company.

I've been playing with it off and on and should have stuck with it because three years ago I married an amazing man and we bought a home.

I've been slamming money down into our 401k to retire in five years and just realized I probably shouldn't be doing that and pay the house.

Do you have any other debt?

We have no debt, 20,000 in an emergency fund, 100,000 IRA, and 20,000 in a 401k.

Our principal team is only a 165 on the home. I've been putting in 25% in the 401k, 13% in a company stock.

I think maybe I better just move all that and start paying the house.

The way we would teach it is to follow the baby steps in order. You're above and beyond the 15% that we would say for baby step four.

I'm guessing baby step five isn't a deal saving for a kid's college. After that we're on to baby step six.

In this case we would chunk all of that extra money onto the mortgage because we want you to have a paid off home.

After that think about all of the money that you could invest into retirement after the home is paid off.

What does he make?

He's at 55,000 and I made 115.

115 did you say?

Yes.

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