The Ramsey Show

You Can’t Borrow Your Way to Peace

Jul 25, 2025
Explore the emotional tug-of-war between paying off a mortgage early versus investing for growth. Delve into the importance of financial stability and its link to peace of mind, especially when caring for loved ones. Discover smart strategies for managing debt, including coping with student loans and IRS obligations. Learn how to navigate family dynamics while instilling financial values in children. The hosts address the intricacies of financial decisions, emphasizing communication and planning for a secure future.
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ADVICE

Pay Off Mortgage for Peace

  • Paying off your mortgage early can bring peace of mind beyond math gains.
  • You control the known interest rate instead of market uncertainties.
ADVICE

Dual Roth Contributions Allowed

  • You can contribute to both a Roth IRA and a Roth 401(k) simultaneously.
  • Tax treatment differs, but doing both maximizes retirement savings.
ADVICE

Caregiver Financial Boundaries

  • Focus on your own financial stability first when caring for a sick parent.
  • Seek stable work even if it means adjusting your ego and expectations.
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