Why Would I Pay Off My Home When I Can Invest?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Business, Investing

4.6 • 3.6K Ratings

🗓️ 27 February 2026

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

⁠💵 Sign up for EveryDollar today - Create a free Budget!⁠⁠⁠⁠⁠⁠ 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, and are disciplined and responsible! Next Steps: 💰Need help with your investments? Connect with a SmartVestor Pro:⁠ ⁠⁠⁠⁠⁠(⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SmartVestor Investing Professionals⁠⁠⁠⁠⁠⁠) #PaidEndorsement 📝Get your free copy of Ramsey’s Complete Guide to Investing: (⁠⁠⁠⁠⁠⁠Ramsey's Complete Guide to Investing⁠⁠⁠⁠⁠⁠) 🏦Take a retirement assessment to find out how much you’ll need to retire: (⁠⁠⁠⁠⁠⁠Retire Inspired with the R:IQ Retirement Assessment⁠⁠⁠⁠⁠⁠) 📈See how much your investments could be worth over time with this handy calculator: (⁠⁠⁠⁠⁠⁠Investment Calculator⁠⁠⁠⁠⁠⁠) 🧑‍💻Explore free investing tools, articles and more on the Ramsey Investing Hub: (⁠⁠⁠⁠⁠⁠Ramsey Investing Tools and Resources⁠⁠⁠⁠⁠⁠) Listen to more from Ramsey Network: 🎙️ The Ramsey Show 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership Ramsey Solutions Privacy Policy

Transcript

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0:00.0	This episode is brought to you by SmartVestor.
0:07.8	Connect with an investing pro near you at Ramsey Solutions.com slash smartvester.
0:13.9	Christina is with us in Chicago.
0:16.4	Hi, Christina.
0:17.4	Hi, guys.
0:17.9	Thanks for taking my call.
0:19.2	Sure.
0:20.1	So I have a question about baby steps six and seven.
0:24.1	So my husband and I are fortunately there.
0:26.8	Yay.
0:28.0	Yeah, it's exciting.
0:29.6	So my question is about the order of step six and seven.
0:34.3	So why do you recommend paying off the mortgage when the mortgage rate is like,
0:41.4	let's say, 6.3 percent, but the market returns your money at 10 percent, and then with compound
0:49.2	interest, you know, by retirement. Because your math formula is very naive.
0:54.9	Okay.
0:56.3	You left out risk.
0:58.1	Okay.
1:00.2	And you left out the fact that you're psychologically,
1:03.6	relationally, and spiritually carrying around dead around your shoulders,
1:08.6	and it affects your health, your relationships, your career choices, and everything else.
1:09.4	And so what we have found is that the people that build
	...

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