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Chapter 1: What is the main topic discussed in this episode?
Live from the headquarters of Ramsey Solutions, broadcasting from the pods, moving and storage studios. It's the Ramsey Show, where we help people. build wealth, do work that they actually love, and create real and amazing relationships.
Rachel Cruz, number one best-selling author, co-host of the super popular Smart Money Happy Hour with George Campbell, is my co-host today, number one best-selling author. How many times, I mean, you've got a lot of accolades.
Chapter 2: Why should you pause investments while paying off debt?
Oh, she's my daughter, too.
I don't know about that, but you can keep them going.
How many number ones? There's a lot of number one bestsellers. Open phones at 888-825-5225.
Chapter 3: How does paying off student loans impact future debt?
We're going to talk about your life and you right in front of you. Jason starts us off in Austin, Texas. Hi, Jason. How are you?
Hello, Dave.
Chapter 4: Is losing a low mortgage rate worth upgrading your home?
Rachel. How are you doing?
Better than we deserve. What's up in your world?
Well, I felt really behind the eight ball.
Chapter 5: What are the consequences of selling property to get out of debt?
I was wondering if I could put away for retirement and pay off debt at the same time. I've been doing the baby steps, and I have currently now moved from $300,000 to $120,000 worth of student loan debt. I have a car loan of $33,000.
You went from $300,000 in student loans down to $104,000? Yes.
Chapter 6: Should you sell your camper to get out of debt?
Way to go, man.
Yeah, I was working really hard. How long did that take you? It took me about three years. Wow.
Chapter 7: Why is saving 15% of your income for retirement crucial?
What do you make? So I'm a physician, so when I was in residency, I was making about $70,000. My wife also worked, so she was making about $72,000. So we were living off of one income.
What's your household income now?
Chapter 8: What steps should you take when feeling burned out at work?
So currently it's $290,000.
Oh, man, you're awesome. Way to go. You're going to knock this out in no time, aren't you?
I have nothing in retirement.
Oh, you're okay.
How old are you, Jason?
I'm 35. Oh, man, you're going to be debt-free in a year and a half. Yeah, yeah. Let's just be real. You make $300,000 a year, you're 37 years old, and you have no debt. Can we retire rich? Answer, yes. Okay. Hello. Think about it. Really. Okay.
Okay. So keep doing the baby steps? Just don't?
Yes. Yeah. Keep doing the plan. You're doing great. I think you're probably getting a little fatigued, Jason. I mean, after three years of it. Yeah. I mean, after three years, you're just like, oh, my gosh, is this? And you're hitting the big ones now.
Or worse than that, some doctor friend of yours started giving you financial advice.
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