It's Friday, and this is the Ramsey Call of the Day, part of the Ramsey Network.

Joining me today is Ramsey Personality, Chris Hogan.

All right, Dave, today's question comes from Crosby and Idaho.

He says, why do you recommend only 15% of your household income to be invested. If I can do more, should I? Ah. So,

looking at this, Crosby, I would take a stamp of this, Dave. You get 15%. What you're

wanting to do is to get started and allow compound interest to start moving for you. However,

you're still going to be doing some other things.

For example, we invest at Baby Step 4, 15%.

You're still going to be saving for college, and you're going to be attacking to

pay off the house.

Now, Crosby, once you attack and pay off the house, you definitely can invest more than 15%

because you've freed up that income,

that payment from going to the mortgage.

Yeah, it only applies until the home is paid for.

That's right.

And once your home is paid off, then you've got a lot more cash flow and you can do other

stuff.

Wide open spaces.

So obviously you could do 12% and put more towards the mortgage.

You could do 17% and put less towards the mortgage.

So why 15%?

Is it magical?

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