Should I Stop Investing To Pay Off My Car Loan?

Victoria wants to know if she needs to stop investing so she can pay off her student loan.

Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch debt-free screams, Dave Rants, guest interviews, and more!

Check out the show at 4pm EST Monday-Friday or anytime on demand. Dave Ramsey and his co-hosts talking about money, careers, relationships, and how they impact your life. Tune in to The Ramsey Show and experience one of the most popular talk radio shows in the country!

Ramsey Network (Subscribe Now!)

• The Ramsey Show (Highlights):

[irb]

“Victoria. ... You went to the class.” 😂

[trippin]

A double-minded man is unstable in all his ways. ~James 1:8 (KJV)

1st time I've heard that.

[xdozie]

My father took me to a Primerica rep on my 18th birthday to open an account. Once I got home and saw the expenses ratios and hidden fees, I closed my account that same day.

[Techbros]

Literally just paid my car loan off 🕺🏾🕺🏾🕺🏾🕺🏾🕺🏾🕺🏾

[mzgemini]

She knew what he was going to say! Smh pick a side

[Vera-dghf]

Never buy a brand new car. Lesson learned. Buy a car when you have

[yamamancha]

I love the way Dave handles this call.

[housebills]

Love the baby steps! Paid off a 32k car loan down in less than a year just eating beans and rice and stayed disciplined. Anyone that doesn’t do it just doesn’t want to. It’s so easy!

[GabeBult]

Great advice! you are party who inspired me to start my youtube channel about financial independence and teaching people to retire early! thanks!

[moedan]

19 years old, went through 3 cars since 18, $14k jeep, $6k jeep, $11k audi, spent my $1000 a week paycheck on nothing. I found Dave 1 month ago, sold and paid off all my cars, got a 2000 pontiac grand am now just saving money. Much love Mr. Dave

[MrSmallANDLoud]

Having debt just creates risk. I’d rather operate with 0 risk, and lose out on potential interest. Risk free lifestyle = easiest.

[kanecierra]

Wow!! I like that you keep it real!! 💯

[hudsonkiyonaga]

After watching I called my finance company and paid off my truck in full. Debt free! Now I'm going to focus on saving and investing.

[ironmanironman]

Debt free is the way to go, , , money piles up

[arleneaugustahair]

I’m going to need Victoria to get it together! She needs to pay off her debt and keep it moving! I guarantee she doesn’t want that debt hanging over her head!

[Ben-ywbe]

Dave is not a licensed financial advisor so technically you don’t have to follow it. Also you do not have to follow the licensed advisor either. If I was to choose, if you follow the license advisor you will technically end up having more money at the end. If you follow Dave’s plan, you will have more peace and a a bit less money. It is why his course is called “Financial PEACE University” not “Financial Maximization University”. Depends in what you value more? Peace or maximizing your wealth?

[yusufkidwai]

When the called mentioned Primerica, that was an immediate red flag.

[InvestingHustler]

Primerica is a scam, I would stay away from them so many red flags with that company !

I would take dave Ramsey’s advice over primericas anyday !

[mikesaccojr.]

Does this advice apply for non-interest bearing loans. I.e. my nissan altima 36 months @ 0%. Do I benefit from paying it off early? If for nothing else, just to get a monthly payment off my plate?

[bstafford]

I am going to stop my personal investments and paying off my loans.