Ramsey Everyday Millionaires My Wife Wants the House Paid Off—But I Don’t See the Point
Dec 22, 2025
Adam, a caller, shares his dilemma about paying off his low-interest mortgage versus keeping funds in conservative investments. He discusses the couple's financial position and the math behind their savings. However, hosts George and Ken highlight the emotional benefits of being mortgage-free, emphasizing peace and flexibility over mere numbers. They challenge Adam's perspective, suggesting that the comfort of financial freedom outweighs a small investment gain. Ultimately, the recommendation leans towards paying off the mortgage for greater peace of mind.
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Caller Keeps Mortgage While Holding Cash
- Adam explains he has $327,478 mortgage at 3.625% but keeps equivalent funds in a money market earning ~3.8%.
- He prefers liquidity and low volatility over investing that cash in stocks to cover the mortgage if needed.
Account For Taxes And Cash Flow
- George points out taxable interest in the money market makes the math worse than it looks.
- He reminds Adam that paying off the mortgage frees the monthly payment to invest or save again fast.
Think Of The Mortgage Payment As Future Savings
- George recommends considering the freed mortgage payment as investable income that restores wealth quickly.
- He asks Adam to weigh being mortgage-free against a modest long-term difference in retirement savings.