Brett (Caller)

Yeah, two different things through 401K and other mutual funds and stuff like that.

It's about $350,000.

If I die, it's $350,000.

There's only $15,000.

Okay.

That'll help pay off the house.

I'll never get as close to them paying off the policy.

Christian Healthcare Ministries is a Ramsey Trusted Provider.

Hey, George.

Thanks for taking my call today.

Yeah.

So I've heard the study of the 10,000 millionaires and how they're all able to pay off their loans quickly.

And that's how they, I guess, accredit themselves to becoming a millionaire.

My question is, basically, I can't wrap my head around how it mathematically makes sense to pay off super low interest rate loans versus paying all of that overage money to buy stock that's currently on sale today.

I know that there's risk involved

But I'm 27 years old.

My wife and I, we both work, and I rarely look at my stock account, whether the market is up or down.

I just don't care.

I guess I'm risk adverse.

So I can definitely go into some of the scenario about where we are at in life, how much we're making, how much we have saved up, and what those loans are.