Increase Investing or Pay Off My House?

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[mannyjeanpierre]

I've finally figured it out with Dave. Hes based off 100% complete and safe returns on investments with 100% removal of debt risk. Paying off debt and paying off your home is a guaranteed 100% investment. Ita a guaranteed return no matter what. Boring but makes sense

[justincaldero]

literally going through this right now. Currently have $1000 extra per month that I've been doing $500 to our roth ira (which is exactly %15 of our income) and $500 extra principal payment

[marcenelj]

Ooooh George was so excited to repeat the baby steps.. he was like a kid in a candy store 🤣 😭 😂

[innerpeacesoundtherapy]

Love your show - Looking forward to New Year's show tomorrow.

[Kenobi]

I love how people come on here and try and argue about this subject. You don’t have to follow the plan. He uses psychology along with money management. The baby steps don’t always make sense when you only look at the numbers. Human nature is the biggest variable.

[BrandonMinguez]

Paying off your home early is a great goal after you met your monthly investments.

[serioushamster]

From a purely mathematical point of view, following the baby steps is not the most efficient way to build wealth. However, most people are very bad with money and will end up squandering whatever money they do manage to save. For people with low self-control, locking away money in a nonliquid asset like real estate is a good idea.

[Archdukecollins]

Ramsey wants you to be a millionaire not a billionaire and I agree with that.

[ThatGuyOnYoutube]

Guys its simple, just live in your moms house until your 40s and invest instead of buying a house. Just like all these commenters 🤣

[Morbidzero]

No thank you, I'd rather invest.

[louisbutler]

I think I already know the answer is a yes, but I’m just hoping that someone can give a clear yes/no answer, will Dave’s content help when applied in the UK (like the baby steps etc.) cheers

[joeb]

I agree with George and Dave. After investing 15% and paying off the mortgage with the extra money at the end of the month.

Yes, in a perfect world you would make more investing but loss of job, health issues or family issues can pop up. Having FINANCIAL FREEDOM is the point in the real world.

[dwill]

2.5%interest rate…..I’ll see you in 30 years…..

[lady]

Pay off your house. Inflation is temporary. You can invest anytime, no rush.

[WilliamArmstrong-ijft]

Don't forget federal tax as an expense if you still have to pay to the feds each year even after your 15% pretax 401k investment

[RiggyRonnie]

I think the answer lies within how well your investments are

[dmay]

MR.Ramsey or anyone what is the difference between 401k and 401cu and is cu bad.?

[leonkennedy]

My mortgage is at. 2.5%. I would be an absolute fool to pay off my house early. Much, much better return by investing it

[thedopplereffect]

Someone with a 200K mortgage 10 years ago would have lost about half a million not investing in the SP500 following this advice.

[budgetwithshelly]

I would pay the house off then invest 🙌