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You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. And with that we're going to go straight to the phone line and talk to

Chase who's in Orlando Florida. What's going on Chase? Hey guys so how are you

doing today? We're doing great how can we help? Yes, so I just, well, 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, right?

Okay. 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.

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 was 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

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