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Dave Ramsey

πŸ‘€ Speaker
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75672 total appearances
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Podcast Appearances

The Ramsey Show
Start Telling Your Money What To Do

That has to happen tonight.

The Ramsey Show
Start Telling Your Money What To Do

Will you do it?

The Ramsey Show
Start Telling Your Money What To Do

No.

The Ramsey Show
Start Telling Your Money What To Do

Okay.

The Ramsey Show
Start Telling Your Money What To Do

That's thing number two.

The Ramsey Show
Start Telling Your Money What To Do

Thing number three is are you investing money out of your paycheck?

The Ramsey Show
Start Telling Your Money What To Do

We do want you to stop adding to it for a short period of time until you clear these debts.

The Ramsey Show
Start Telling Your Money What To Do

Okay.

The Ramsey Show
Start Telling Your Money What To Do

There's no reason to put money in investments while you're sitting on $10K in debt.

The Ramsey Show
Start Telling Your Money What To Do

And the reason why Dave is saying it, but even for the listening audience, your biggest wealth building tool is your income.

The Ramsey Show
Start Telling Your Money What To Do

The biggest tool that's going to help you get out of debt is your income.

The Ramsey Show
Start Telling Your Money What To Do

As long as you're putting your income in lots of different places, it's going to take you longer to

The Ramsey Show
Start Telling Your Money What To Do

to do the thing that you ultimately want to do, which is get out of debt and build wealth.

The Ramsey Show
Start Telling Your Money What To Do

You've got to have focused intensity with that income.

The Ramsey Show
Start Telling Your Money What To Do

So just temporarily pausing your retirement is going to give you 8% of your paycheck back into your hands that you can use to quickly pay off the $10,000 of debt.

The Ramsey Show
Start Telling Your Money What To Do

And also then to turn around and save up three to six months of expenses.

The Ramsey Show
Start Telling Your Money What To Do

And before you know it, you'll be right back to investing.

The Ramsey Show
Start Telling Your Money What To Do

But at this point, you'll be investing 15%, not just 8%.

The Ramsey Show
Start Telling Your Money What To Do

Yeah.

The Ramsey Show
Start Telling Your Money What To Do

And you can, you'll have the money to do that because you'll have no payments.