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I finished up baby step number three, which is I did one year of a fully funded emergency fund

just because I'm a little bit paranoid. So basically, I'm still step four, step five, done

working on. But what I'm struggling with is step six, paying off my home early.

Okay.

So essentially, I have $500 a month to play with. I only owe $107,000 left on my mortgage.

And to me, I think that I'm ready to build wealth and start investing that $500 versus

paying down my home's equity. So I'm just calling in to kind of get a little insight on what I should do.

And you're already investing your 15% correct, off your gross?

Correct.

And to my employer's 401K.

So tell us why you're struggling with doing all three simultaneously,

because we found that people who walk the baby steps when they

embrace this method most people pay off their home within seven to ten years and we've done the

largest study of millionaires that there are and we have found that most millionaires 67% of

millionaires have paid for homes that they paid off and it makes up about a third of their investment portfolio

as a whole. The other two thirds goes towards, you know, their employer-based retirement accounts or

if they have Roth IRAs, that sort of thing. I guess my big thing is I know my house isn't going

to be, it's kind of that it's

max equity in my opinion because it's not in the nicest area or anything like that. So

paying that off quickly versus having the money invested, I feel like the money invested,

I get a bigger ROI in my investment long term.

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