Why the "Tax Benefit" Isn't Worth Keeping a Mortgage

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 22 November 2021

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, John Delony, and George Kamel.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:13.8	Sam is in Phoenix.
0:15.1	Hi, Sam.
0:16.1	Welcome to the Ramsey show.
0:17.1	Hi, how are you doing?
0:18.1	Thank you for taking my call.
0:19.4	Sure.
0:20.4	What's up?
0:21.4	Let's see.
0:22.4	I'm blessed.
0:23.4	I've got about 1.7 million in my retirement IRA account.
0:28.2	Good for you.
0:29.2	Thank you.
0:30.2	You got about 150K in cash, available.
0:34.5	And you will salary about 180 and also from a military retirement and from another company
0:42.8	retirement about 80,000 dollars a year as well.
0:46.6	Only that we have is mortgage 270K and the half-port is about 900K.
0:54.2	Financial advisor, very reputable, Edelman financials.
0:58.2	Been with them for quite a few years and they also all of the Ramsey methodology, if you
1:04.9	will.
1:05.9	But recently they've had a couple of articles about nothing, the mortgage because of the
	...

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