John (Caller)
👤 SpeakerVoice Profile Active
This person's voice can be automatically recognized across podcast episodes using AI voice matching.
Appearances Over Time
Podcast Appearances
Should I stop contributing to get out of debt?
Currently, going into my pre-tax is 18%.
My employer is contributing 8%.
So they will contribute 4% whether I put in a penny or I don't put in anything at all.
Wow.
It's incredible.
And then they do a 4% match.
Yes.
Okay.
And on top of that, I also contribute 500 a month to my IRA.
John, I'm just like a... I backed out my health savings account every
So that 18%, it's the 4% I put in is roughly $270 a month, and the additional percentage that I put in is about $912 a month.
What do you make a year?
$79,000 and change.
Everything.
So I've got $177,000 on my mortgage.
I've got about $34,000 in a home equity loan.
And I've got about $7,800 in credit card debt.
I've got no vehicle payments, no student loan payments.
Those are it right there, along with just my mortgage and my utilities and vehicle maintenance, whatever else comes up.