You Can’t Borrow Your Way to Peace

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 25 July 2025

⏱️ 125 minutes

🔗️ Recording | iTunes | RSS

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Summary

📈⁠⁠⁠⁠ ⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠⁠⁠⁠⁠ George Kamel and Dr. John Delony answer your questions and discuss: "Why is it better to pay off my mortgage early instead of investing $300,000?" "Can I do a Roth 401(k) and a Roth IRA at the same time?" "I feel stuck between working the Baby Steps and taking care of a sick parent" "How do we best invest $100k?" "I'm $240k in debt. What is the best way to live below my means?" "I owe the IRS $30k. How do I pay this off?" "I'm spending $1,400 a month on car payments. How do I get out of this mess?" "How much house can I afford?" "Should I hold on to savings or pay off $700k in real estate debt?" "Am I being stupid by not investing my money?" "How do I prevent my kids from feeling left out?" "Should I use a HELOC to consolidate my debt?" "How do we prepare for our special needs son to be taken care of?" "I've been paying on my student loans for 22 years. Should I wait 3 more years for student loan forgiveness?" "I'm in business debt due to check fraud..." Next Steps: ✔️⁠⁠⁠⁠ ⁠Help us make the show better. Please take this short survey.⁠⁠⁠⁠⁠ 📞 Have a question for the show? Call 888-825-5225 weekdays from 2–5 p.m. ET or⁠⁠⁠⁠ ⁠send us an email.⁠⁠⁠⁠⁠ 📱 Get episodes early in the free Ramsey Network app! 💵⁠⁠⁠⁠ ⁠Start your free budget today. Download the EveryDollar app!⁠⁠⁠⁠ 🏠 ⁠⁠Find a Ramsey Trusted Real Estate Agent⁠⁠ 📈 Free Tools & Resources to Help You With Investing ⛓️‍💥 ⁠⁠Tired of debt? Grab Breaking Free From Broke now!⁠⁠ Connect with our Sponsors: Stop paying more and start shopping smarter at ⁠⁠⁠⁠ALDI⁠⁠⁠⁠ Get 10% off your first month of⁠⁠⁠⁠ BetterHelp⁠⁠⁠⁠ Go to ⁠⁠⁠⁠Boost Mobile⁠⁠⁠⁠ to switch today! Learn more about⁠⁠⁠⁠ Christian Healthcare Ministries⁠⁠⁠⁠ Get started today with⁠⁠⁠⁠ Churchill Mortgage⁠⁠⁠⁠ Get 20% off when you join ⁠⁠⁠⁠DeleteMe⁠⁠⁠⁠ Go to⁠⁠⁠⁠ FAIRWINDS Credit Union⁠⁠⁠⁠ for an exclusive account bundle! Find top Health Insurance Plans at ⁠⁠⁠⁠Health Trust Financial⁠⁠⁠⁠ Use code RAMSEY to save 20% at ⁠⁠⁠⁠Mama Bear Legal Forms⁠⁠⁠⁠ Visit⁠⁠⁠⁠ NetSuite⁠⁠⁠⁠ today to learn more For more information, go to ⁠⁠⁠⁠SimpliSafe⁠⁠⁠⁠ Use promo code RAMSEY for 18% off at ⁠⁠⁠⁠The Nokbox⁠⁠⁠⁠ Get started with ⁠⁠⁠⁠YRefy⁠⁠⁠⁠ or call 844-2-RAMSEY Visit⁠⁠⁠⁠ Zander Insurance⁠⁠⁠⁠ for your free instant quote today! Explore more from Ramsey Network: 💸 ⁠⁠⁠⁠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 is a paid, non-client promoter of SmartVestor Pros. ⁠⁠⁠⁠Ramsey Solutions Privacy Policy⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today.
0:13.9	From the Ramsey Network, this is The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships.
0:22.2	I'm George Camel, joined by my good pal, Dr. John Deloney, and we're taking your calls at
0:26.3	AAA-825-5-225. You call us, and we will share our opinion, and it's worth whatever you paid for
0:34.9	it, and today that's $0. so chris is going to kick us off
0:38.1	in lima ohio what's going on chris hey gentlemen uh good to talk to you so quick question please
0:45.2	um speaking with another financial advisor i got some input and i want to know why is it better in your
0:51.9	point of view to pay off my mortgage early with extra
0:55.6	principal payments when the projected interest savings by doing that is significantly less
1:01.4	than the projected interest gain of investing those extra payments.
1:05.6	I wish we were all robots and math and is all that mattered, Chris. I really do because
1:10.4	this would be a much
1:11.0	easier answer. And I don't think you're going to like my answer and I don't think you're
1:14.2	going to pay off your mortgage early. But hey, can we just say? Let's walk through it.
1:20.3	All things told, if everything works out perfectly, you are correct. And hopefully that, like,
1:27.3	if you never have a job loss, you never have a divorce, everything
1:31.1	works out great. And the markets continue to soar. That's right. And everything is perfectly
1:36.5	stable in the financial markets these days and with everyone's all in on the same leadership.
1:41.4	So we're going to just go with that because everyone's pretty comfortable right now with everything, right? So assuming all that works out right, you actually are correct. The math works in your favor. And that's where I at least me personally, and I don't know, George's too, we're playing a totally different game. And so... Okay, it's about behavior then... The game is, I want to be at a place where nobody, no government, no people, no bank, no mortgage company, nobody can take away me and my family's home.
2:13.1	Sure.
2:13.8	And so I'm solving for peace. I'm not solving for maximum ROI on every penny in my life.
2:21.1	There is places where I try to solve for maximum ROI.
	...

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