Caller

So let's talk about why it works to do it the way that we would teach here and the way that we do teach here. So if you say to yourself, all right, I'm gonna pay my debt to a certain point and then I'm gonna keep some of that debt around. And now what did you say? Maybe I'm gonna move over to investing. If you move over to investing and you still have debt,

So let's talk about why it works to do it the way that we would teach here and the way that we do teach here. So if you say to yourself, all right, I'm gonna pay my debt to a certain point and then I'm gonna keep some of that debt around. And now what did you say? Maybe I'm gonna move over to investing. If you move over to investing and you still have debt,

So let's talk about why it works to do it the way that we would teach here and the way that we do teach here. So if you say to yourself, all right, I'm gonna pay my debt to a certain point and then I'm gonna keep some of that debt around. And now what did you say? Maybe I'm gonna move over to investing. If you move over to investing and you still have debt,

If an emergency comes because of your debt, let's say you, I don't know, lose your job. And now all of a sudden, even though it's at 0%, you still have a car payment and it's probably pretty hefty. And now it's like, oh gosh, I need money. Now you're dipping into your investments for an emergency fund because you don't have an emergency fund. It's like, oh crap, why did I do that? Right?

If an emergency comes because of your debt, let's say you, I don't know, lose your job. And now all of a sudden, even though it's at 0%, you still have a car payment and it's probably pretty hefty. And now it's like, oh gosh, I need money. Now you're dipping into your investments for an emergency fund because you don't have an emergency fund. It's like, oh crap, why did I do that? Right?

If an emergency comes because of your debt, let's say you, I don't know, lose your job. And now all of a sudden, even though it's at 0%, you still have a car payment and it's probably pretty hefty. And now it's like, oh gosh, I need money. Now you're dipping into your investments for an emergency fund because you don't have an emergency fund. It's like, oh crap, why did I do that? Right?

So all of these things... They work together. So when you pay off all of your debt, now you have the fullness of your income at your disposal, all of it. And now how quickly could you save up three to six months of expenses? Super duper fast. It's the only thing that you're paying money towards other than your normal budget at that point. So you can do that super fast.

So all of these things... They work together. So when you pay off all of your debt, now you have the fullness of your income at your disposal, all of it. And now how quickly could you save up three to six months of expenses? Super duper fast. It's the only thing that you're paying money towards other than your normal budget at that point. So you can do that super fast.

So all of these things... They work together. So when you pay off all of your debt, now you have the fullness of your income at your disposal, all of it. And now how quickly could you save up three to six months of expenses? Super duper fast. It's the only thing that you're paying money towards other than your normal budget at that point. So you can do that super fast.

Now that you've got that cushion, it makes sense. Okay, the next logical thing for me to do, I've got my...

Now that you've got that cushion, it makes sense. Okay, the next logical thing for me to do, I've got my...

Now that you've got that cushion, it makes sense. Okay, the next logical thing for me to do, I've got my...

insurance in place against debt which is your emergency fund now i can go and i can invest with confidence because i know i'm not going to have to pull out this money i know there's no rainy day that could come that could make me have to take this money out so now you're investing with confidence and investing early before paying off the house is so important because everybody is going to reach a day justin where they can no longer work

insurance in place against debt which is your emergency fund now i can go and i can invest with confidence because i know i'm not going to have to pull out this money i know there's no rainy day that could come that could make me have to take this money out so now you're investing with confidence and investing early before paying off the house is so important because everybody is going to reach a day justin where they can no longer work

insurance in place against debt which is your emergency fund now i can go and i can invest with confidence because i know i'm not going to have to pull out this money i know there's no rainy day that could come that could make me have to take this money out so now you're investing with confidence and investing early before paying off the house is so important because everybody is going to reach a day justin where they can no longer work

And you're going to need actual money that you can get your hands on. You're not going to want to sell your house, right? So we start with that nest egg first so we can build it up, take advantage of compound interest over time. And that's why that's happening before we pay off the house.

And you're going to need actual money that you can get your hands on. You're not going to want to sell your house, right? So we start with that nest egg first so we can build it up, take advantage of compound interest over time. And that's why that's happening before we pay off the house.

And you're going to need actual money that you can get your hands on. You're not going to want to sell your house, right? So we start with that nest egg first so we can build it up, take advantage of compound interest over time. And that's why that's happening before we pay off the house.

Now, after we started that train going, now we can start reaching over and putting extra payments on towards the house. So do you see, I mean, that's just a very, it's not even going super deep into it, but you can see how these things build on one another, right?

Now, after we started that train going, now we can start reaching over and putting extra payments on towards the house. So do you see, I mean, that's just a very, it's not even going super deep into it, but you can see how these things build on one another, right?