
You Can’t Borrow Your Way to Peace
The Ramsey Show
Intro
This chapter explores the debate between paying off a mortgage early and investing extra funds for potential gains. The discussion includes insights from a caller and examines the emotional and mathematical aspects of personal finance.
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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..."
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