What Do We Do With Extra Money Every Month?

[@AnnaOllsson]

I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45.

[@bartlyAD]

Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving

[@PennyBergeron-os4ch]

Spot on advice. Great job! And yeah, I think we investors overestimate how hard it is to stay in the market when things aren't looking too good. Whenever I'm tempted to either cut losses or capture profits, I remind myself of Fidelity's study of their best performing portfolios; the best performers were either dead or forgot they had an account. So now with directives from my asset manager, I pick assets that can perform similarly in both short and long term. My portfolio has been foolproof so far.

[@HildaBennet]

Who’s the person guiding you

[@PennyBergeron-os4ch]

Her name is “DIANA CASTEEL LYNCH” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@HildaBennet]

I just checked her out and I have sent her an email. I hope she gets back to me soon.

[@Rashaadthegr8]

I can't wait to be able to have this problem.

[@Prokutzlawncareandlandscaping]

I’m right there with you! You’ll get there! I’m more then half way done with fully funding my 3 month emt fund. I’m staying consistent, patient and intentional! We will get there! Baby steps

[@john-iu2uo]

I love the idea of 500 to a 1000 be left over money.

[@alexp9470]

I’m there now!!! It’s the most amazing feeling!! Keep at it! Work to get a higher income, and work twice as hard to bring down the debt!

[@Prokutzlawncareandlandscaping]

Update: I made it to baby step 4 I kind of skipped baby step 3b because I don’t really plan on having a house anytime soon. I’m single with no kids. Eventually I want kids with the right one God has for me. But untill then, investing 15% of my income into retirement and now and then for the future house down payment or possible cash build! To God be the glory!

[@Rashaadthegr8]

@@Prokutzlawncareandlandscaping congratulations I am baby steps 3/4.

[@Holdeenio]

People have different priorities in life, as demonstrated here. Once you get this far along the baby steps, you really should start to enjoy your efforts so far. There’s no reason why you shouldn’t work on your home with cash while overpaying your mortgage - both are wise. Paying off your mortgage increases your equity position, but sensible renovations can ADD equity by increasing the asset value.

[@reaper-sz5tm]

I like to do one major remodel or landscaping project per year, just to make my home more enjoyable for my family. Does it add value? Of course, eventually though I’m going to run out of stuff to remodel and then I’m increasing my mortgage payments by 50%, so also increasing my long term equity position. I intentionally bought a fixer upper below market value for this reason

[@jc5604]

Paying off your mortgage more importantly reduces the amount of interest you pay. Which is a ridiculous amount for most people over 30 years.

[@mdaniels6311]

Clear debt asap... As you never know what might happen to you.

[@chelseajones5977]

This was a really encouraging episode for me. I’ve struggled with the intensity part of wanting to pay the mortgage off with that intensity but also seeing the wisdom of enjoying your family and taking opportunities or improving your home.

[@mdaniels6311]

I believe while youre young and healthy.. clear it asap. Make it almost a religion... then once its gone, time to slow down as you enter older years and preserve your life.

[@JesusHernandez-pw3xu]

I'm with the husband. The more they put down, the more they'll make when they sell the house. Any repairs can be done just before selling the house as long as they're not something urgent

[@Billy_W]

And go on no holidays? People get way too hung up on money money money and life will fly by without you taking a break or having any fun

[@nana820able]

Why not do both? Use some for a trip then when you return use the left over funds for mortgage reduction.

[@Username6556username]

@@nana820able paying off liabilities after spending on luxuries is the quickest way to go broke

[@nana820able]

@@Username6556username It doesn't cost that much for a small family to take a vacation or trip. Plan for no more than a week and budget. Once you return most people don't take another vacation for a year so you have plenty of time to save.

[@natehirt4297]

There are most likely other places in the budget…… I know our problem is actually following the budget on the paper and the “extra” money is just a race to 0 in the account. Discussion and discipline should be the focus.

[@anbierl09]

Great conversation! Very helpful - thank you!

[@maxrice6990]

I almost think she doesn't understand that when you have equity in the house, you get that money back when you sell it. It's like she thinks once they sell the house, all extra money they put on the mortgage disappears.

[@mmc9828]

I was thinking the same thing. She thinks the extra mortgage payments are a waste.

[@drlax15m]

it only makes sense of she didnt care about moving and wasnt going to sell

[@Sgunner88]

Short term fun vs long term value

[@turboZ3]

that’s true but dont forget a lot of xtra cash u can save goes to interest

[@corollaae8645]

There also has to be a balance between capital gains tax and how much you pay down. You pay it down and may get taxed a lot . That comes into play if you plan on selling in the short term.

[@Cas1353]

Female caller: I want to use extra money to go on trips. Dave ramsey: That's fair. Male caller: I want to use extra money to go on trips. Dave ramsey: Stop acting like a child and be a man.

[@Lovetheonewithin]

Female caller's new diet: filet mignon Male caller's new diet: rice and beans

[@pregnantmiltank]

@@riceandbeans2019 how's that a reverse, that is the definition of simping

[@lifewitherica5485]

😅

[@MP-ef6mc]

Ed Cas, pretty much sums it up.

[@openureyes929]

Ya.. jus a little bias here huh? The usual Christian mentality!!!

[@stephaniecorpus7309]

This helped me so much! I’m the nerd 🤓 we have over 3,000 left over each month are expenses super low.

[@signalboy500]

Learn how to write, jesus

[@PlannerMemaw]

I'm a nerd too. I decided on an amount that I want the principal on the mortgage to go down each month and that is what I pay. We have some fun and save anything after that. I am set to pay off the mortgage in October with this plan.

[@cathyosullivan718]

I think it’s good to have balance in life. I know people who travel a lot after retirement; but isn’t it nice to do a bit of traveling each year?

[@midkort]

If income is decent, you can go intense for just a few years and then be able to afford all the trips you want looooong before the traditional retirement age. It's not at polarized as I'm seeing some of the commenters make it out to be.

[@DEE-o4v]

It IS a balance. You do want to knock that principal out...BUT, you do need to travel a bit when you're young.

[@Teamshmo]

The second she said she wants to spend the money on trips I could see why the guy snapped lol

[@GRDiver94]

Disagree, if they can pay extra on the house and enjoy life going where they would like to travel while the kids are young he shouldn’t get tunnel vision

[@CianMcsweeney]

it depends on how many trips/ how expensive the trips would be. Nothing wrong with enjoying life when you have the capacity to do so, within reason of course

[@TheHy6xD]

@@GRDiver94maybe he’s not interested in trips

[@karoosten232]

Yeah and Dave’s response was not what I expected.

[@matthewmchenry9331]

"I don't want to pay down the house, we won't be here much longer." Also, "I want to put money into remodeling the house."

[@Jelly._.cat._.1]

I’m doing the same. I started to lose sleep on what to do with how much. Then I was walking and said “I should just be happy that I have any money to do both”

[@genxx2724]

Exercise clears your head.

[@mercedeswilkins5566]

Fr

[@livingunashamed4869]

Dave didn't address that they have a 30yr instead of a 15yr. If they had 15yr like they should then this wouldn't even be a discussion. Husband is right here.

[@tfries72]

Remodeling and saving for vacations is also pretty important and financially no but you still have to enjoy life. They are in an amazing situation they can do both things no problem.

[@carlymills1090]

She stated that they are already paying it off like a 15 year mortgage. This extra money is on top of that

[@jasongentry7405]

I would like to see the difference of 15 yr vs 30 yr mortgage payments invested for the term of the loan.....I expect that the difference invested every month for 20-25 yrs would be worth much more.

[@ace1gl]

@@jasongentry7405 you would come out over a million dollars ahead with the 30 year over the 15. Dave gives horrible advice on this subject. He trades insane safety over investment growth.

[@aolvaar8792]

The point of paying off a mortgage is to free up the money to invest "for retirement". What if you don't need to strive for a pile of money?

[@andygarcia3585]

I have a feeling she is not going to talk to her husband.

[@mlatrellelove]

🤣😂

[@jutde]

The minute Dave told her "You need to know more about the details." and she replied "YeAh, I aGrEe..." I knew she quit listening.

[@mlovespring7892]

I am stuck on her altitude with this statement "at the finance meeting" ....😲 what?

[@CytotoxicTrev]

Exactly. Her tone of voice suggested she did not agree at all 😂

[@eddievangundy4510]

She's a ding-a-ling.

[@BdDaBOMB]

2:15 💜 intentionality & intensity 💎

[@MattieAntonio]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[@Lourd-Bab]

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

[@MattieAntonio]

@@Lourd-Bab However, if you do not have access to a professional like Suzanne Gladys Xander, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.

[@Lourd-Bab]

@@MattieAntonio Oh please I’d love that. Thanks!.

[@MattieAntonio]

@@Lourd-Bab Suzanne Gladys Xander is her name .

[@MattieAntonio]

Lookup with her name on the webpage.

[@ladysparkle6784]

No trip feel better than being 100% debt free.

[@philgiordano7715]

You’ve never been to Bali

[@ladysparkle6784]

@@philgiordano7715 No but I can pay cash to go now lol. Should I?

[@brock5946]

@@philgiordano7715 Bali overrated. Overtourism killed it

[@HamGritty]

Acid trip

[@mercedeswilkins5566]

Fr

[@AmoraLili]

Half mortgage. Half towards trips. Simple.

[@tharris8720]

Lol I know

[@shobull8695]

Sometimes I think people call just to kind of gloat or buff themselves up a bit.

[@00Noontide]

Baby step 1: black beans Baby step 2: red beans Baby step 3: white beans Baby step 4: retire as a millionaire at 40 in the caribBEAN.

[@vanessagonzalez5588]

😂😂😂😂😂😂😂 this made me laugh

[@lashandarenay]

😂😂😂

[@edwest8804]

Doesn't want to put the money towards the mortgage because they'll move in 5 to 10 years but does want to put the money towards improving the house they plan on selling in 5 to 10 years. Odd. The trips thing is foolish put off trips still even if you are out of debt besides the mortgage and you'll be able to take all the trips you want in 7 to 9 years when you pay the house off early. Take small trips, she seems like she wants to backpack in Europe for a month. Then if the house is paid in full when you do sell it it'll be all "profit" to use for the next house or the next house down payment or whatever you want. Fix the house when you want to sell it or as things break don't waste money on renovations it doesn't need because you want a kitchen island or heated floors in the bathrooms. The next house can have all that.

[@gardenofe12]

Well said !!!

[@grod805]

I'd rather travel as soon as I can. You don't know how things will turn out in the future.

[@edwest8804]

@@grod805 that can be true but I didn't say don't travel at all. Trips in the US that are budget friendly can still be just as fun. You never know what will happen is true so you spend money on extravagant trips now, what if your health deteriorates and you can't earn money like you did or at all now and you're 40 or 50 and in debt and can't make anywhere near as much money as before or God forbid you can't make any money then those fun trips made your later years in life misrible.

[@genxx2724]

@@edwest8804 Suze Orman used to say, “You can go to Europe when you’re OLD and you can AFFORD IT!

[@malissakirby4193]

Heated floors in Savannah?😅

[@richardmacias41]

Do not do what Dave Ramsey says, do what Dave Ramsey does. Actions speak louder than words.

[@got2liv4him]

Start a nationally syndicated radio show?

[@richardmacias41]

@@got2liv4him Market financial courses, to the masses.

[@ryanthepianoman27]

Don’t use debt?

[@Candisa]

"I didn't expect that answer," girl, be lucky that's the answer you got, the only thing I would spend extra cash on as long as there's a mortgage are urgent or guaranteed great ROI renovations. I have my emergency fund, I have zero debt apart from mortgage, I don't live on rice and beans, I eat out once in a while, but I sure don't travel unless it's a picknick on the beach I live 30minutes away from until my mortgage is done and over. You don't even know how much budget there is, "500 to a thousand" is quite the range to make plans for. It doesn't matter you won't keep the house longer than 10 years, some people pay it of in that time and every penny you paid off is one that you don't have to borrow when you buy the next house.

[@christian46202]

Thank you, I needed to hear that advice, Mr. Ramsey

[@kyloren-cd8dk]

This is the issue. The husband is happy with their current quality of life. The wife wants more luxury and fun. Sometimes you gotta respect the wants of your partner, and sometimes you gotta sacrifice for the greater good of the family. Ramsey is spot on here. If may not be the most fiscally optimal choice, but maintaining a healthy relationship where both sides are happy is more important

[@mlovespring7892]

Someday, I will have this problem and on my way to financial freedom. So hard building it back up! Feels like climbing a mountain in slow motion. 🙏🙏🙏

[@sarahjolili2291]

Wh••=app••=+••=1••=4••=0••=2••=7••=8••=1••=4••=2••=7••=3%

[@MP-ef6mc]

One question.. what’s disposable or “extra” money left over????? I’ve never had this problem.

[@July.4.1776]

Pay the house down! Get rid of the mortgage.

[@aolvaar8792]

Why?

[@aolvaar8792]

@Austin Duke In 2006, the former owner paid $250K, In 2011 I bought from Fannie Mae for $50K. ~$200/mo, ~$325 PITI I am a retired Pensioner.

[@aolvaar8792]

@Austin Duke single largest line item, mine is a $400/mo electric bill. I don't invest any money, I just spend my $100K/yr pension. The Risk on a $200/mo mortgage is very low, vs. ~$8K/mo. I am unwilling to give up a year of fun to pay off the house.

[@korhonenemilia1816]

They're already paying off the 30 year mortgage as if it were a 15 year, and have college savings lined up for their kids. I'd argue a bit of fun will fit into that plan, especially if it's going towards a remodel which will increase the value of the house. Life isn't just about money, you need to enjoy it (responsibly) along the way before your joint pain ruins half your experiences.

[@carlostosado8965]

@Austin Duke taxes ? So you really end up saving a bit over your mortgage

[@currykatsudon27]

man this is the right advice I needed, and it is really wise. Thank you Dave!

[@jamesjhonson4568]

Use the extra money to pay off the house. You don't need to "re-model" this is marketing media hype designed to keep you spending money and go further into debt. By paying off the house, you then build equity and increase your net worth.

[@huckleberryfinn8795]

This woman has no idea how a mortgage, principal and equity works.

[@kpeggs82]

so she doesn't want to pay off the house but she wants to put more money into that won't significantly raise ita value. That's smart.

[@kpeggs82]

no bot no

[@MP-nj1qy]

I would love to have a husband who wants to work with me to payoff a mortgage. If I ever find the one.

[@vickiewilkins1579]

Thanks very important to have.

[@chrisconsorte7893]

How about wife who would do the same thing?

[@oroville12345]

It's easy to find a man. 1. Don't be a feminist 2. Be feminine 3. Cook 4. Don't nag 5. Put out and don't argue 6. Don't have credit card or student loan debt 7. Be supportive and helpful. 8. Be good with money.

[@ragazziita]

I'd rather travel while I'm young and healthy. My husband and I are very fortunate to have $4000 left over each month and we take awesome vacations every couple of months. Maybe things will change when we have kids.

[@widescreen1272]

At 1:30, was he expecting Dave to say that her husband was wrong?lol

[@lesstalkmorefood5489]

10 months left of baby step 2🔥💪🏾

[@djpuplex]

So he wants to do sound things she wants to be a princess and drag this man down surprised.

[@robertoconsuegra9921]

Key is balance i think😅also i would like to go on that cruise 😅😅

[@FirinMahLazer1]

The fact that she said that's not the answer she was expecting tells me she only called to get validation for her decision and not advice. No wonder it's causing a rift she's being stubborn about it and refusing to see the other side.

[@eddievangundy4510]

She doesn't understand the other side.

[@MrJLHaney]

I cant find a video on this from Ramsey.. so does anyone know what his advice would be about whether or not to Escrow? I’ve read and heard that if you are good at saving a lot of money liquid, then don’t escrow, just keep the $10-$20,000 in a savings account, and pay taxes and insurance once a year.

[@Macktheknife247]

It works until you mod it one year and then have to set s payment plan with the IRS. I'm escrowing until I have a really good plan otherwise.

[@MrJLHaney]

@@Macktheknife247 “mod it.” What do you mean by that?

[@Macktheknife247]

@@MrJLHaney woops. "Miss it"

[@MrJLHaney]

@@Macktheknife247 lol ah. I see, thanks for the response

[@AustinTexasGardening]

I agree with Dave’s advice that after you are out of debt you should treat yourself and work on paying down the mortgage, but 500-1000 surplus isn’t much

[@thelucky0239]

i think it is important for everyone to know that you dont have to pick just on thing. Diversify :). not the best word to use of course, but spread that money around!

[@RonniewbNC]

Run Forrest…run!

[@jus-tinkin]

‘Some of both is where wisdom lands.’ Balance at this point. Enjoy and save neither is maxed out. Sounds like a new level of wealth past the intensity phase.

[@justinbrown6922]

AMC 🚀

[@AttackRaidan]

Extra pepperoni on my pizza 🍕

[@dat_boii]

The world isn't going anywhere that you need those trips right now. I'd pay off the debt first, use some of the extra cash to invest in stock ETFs or something low risk with stable returns. Maybe fluff up my rainy-day fund a bit as well so I know I'm good for any unexpected expenses/emergencies.

[@PhongNguyen-nz9kz]

My wife and I are on the same boat. We are on the same page with mortgage and now only have 1 year left. August 30th 2021 and should have it paid off sometime august 2022.

[@victor_beltran]

I’ve always wanted to travel the older I got. Just couldnt save for it as I went through college and visiting my oldest daughter an hour and a half away on the weekends for over 2 years. So I stayed in “Defense reserved” mode to not spend any on me and use what I had for actuall necessities of my life at that time. 8 years later have my beautiful wife 3 kids a home and all else we need all Glory to God. And my wife helped me open up and realize it’s ok to enjoy some of the hard earned money. So we incorporate a lot of what Dave just said. Have 800$ left on budget? Ok, 400 to house and 400 to save for trips. Both partners happy & compromise goes a long way!

[@malissakirby4193]

I prefer when Dave said pay off the house asap! What happened to that? btw I did!😊

[@dummgelauft]

She is still reforming from being a princess

[@regtalkswealth]

Enjoy some of the money and be wise with the rest

[@gaurav1987pal]

Translation: I have a loan, which doubles in 5-10 years. Why not wait for it to double to start paying extra on it?

[@brooklynzoo81]

There is a line out the door with people who need this problem. 😅

[@kaizenborntowin]

Haha! Thank you Ken!

[@stayfocused6481]

I understand where the guy is coming from. It’s really hard to back off the intensity when you’ve been living it in for years.

[@sct4040]

50/50 both of them are correct.

[@youngimages2000]

I don’t see the inside of restaurants because I use drive-thrus! Just kidding. Sorta. I budget $3 meals weekly as a treat….

[@youngimages2000]

Crypto is best place to hide drug money.

[@juandre33]

Whats the difference between this channel and the ramsey show channel? Just the icons? One is orange and the other yellow?

[@KarlDag]

This has one call per day from all their podcasts - could Delony Show, or The Table with Anthony O'Neill, etc Ramsey Show is Ramsey Show.

[@modernlegacy5555]

It's kind of sad they couldn't figure out to do both at the same time.

[@jeezze07]

They need to get on the show love it or list it from hgtv.. lol

[@galupproperties3098]

I won’t lie I would rather payoff my home then go on a trip. My first rental I paid off In may with about 26k in cash.

[@Takar100]

Makes since to try to accomplish more than one goal.

[@tevonhennesy6110]

As she said, they are going to get a bigger home eventually. I think the female caller is correct. Do not put more towards the principal if you're just going to sell the house. Now, if you wanted to own the house and make a rental property, the best plan of action is to pay the home off faster. Having a ton of equity in a home that your going to sale in 5 years is foolish, continue using the banks money until you sale.

[@dieselfreak28]

But the extra money put into the principle will still come back to them when they sell the house. They don't lose that extra money when the house sells.

[@eddievangundy4510]

Not sure you understand how mortgages work.

[@openureyes929]

And this is why I LOVE BEING SINGLE !!!

[@melaniebrown9765]

0 debt outside a mortgage with only $500 surplus per month? I would still feel nervous with those figures. They plan to move in 5 years with more kids.

[@philgiordano7715]

That’s after they pay into retirement, emergency fund, and child college fund.

[@2332Stephen]

Are you putting 15 percent into retirement".. " umm we're about there" so that's a NO😅😅

[@eddievangundy4510]

Exactly. She's a mixture of ignorance and lying.

[@CG-MP]

this is a struggle for me and my husband as well. We live in a very incomplete project house. Is it livable? Yes. Do we have a functioning oven? No. Can we get by without one? We have for a year now. It's hard to figure out exactly how much we can justify putting into comfort.

[@eddievangundy4510]

You need to fix up your house, she does not. She doesn't understand anything about mortgages.

[@gtileo]

Or you can do what i do and do a yearly prepayment towards your mortgage, live your life and put the rest of the money towards the mortgage, I usually put between 15 and 30k a year towards my mortgage, depending on my yearly bonus.

[@strothermartin5368]

Just BANK it! Save it!

[@luispena9793]

She checked out after she got told to figure it out and heard the hard truth. lol

[@mercedeswilkins5566]

500-1000 is a big bonus

[@modernadulting6857]

Smart Things to Do With Extra Income and Spare Money Pay Down Debt. Invest in Yourself. Invest in the Stock Market. Open a High-Interest Savings Account. Start an Emergency Fund. Buy a Home Instead of Renting.

[@ethanmiller78]

She seemed so disappointed when he said 50/50 not ten vacations a year😂

[@JamalMichaels]

Men lead women follow for a reason

[@TJC6626]

Wow talk about taking it easy on her he found a nice roundabout way to tell her she's wrong

[@TopVillain]

500-1000 is not a lot of money you can spend that in a weekend spend it wisely

[@ellewoods4568]

👍🏻👍🏻👍🏻

[@outdoorsnevada4138]

vacation money is not that important. she just wants to play

[@shawnsgirl4ever1]

When you own your home and sell it you can make a profit! Why not be debt free than travel later?! Have equity to buy your next home with cash

[@sarahjolili2291]

Wh••=app••=+••=1••=4••=0••=2••=7••=8••=1••=4••=2••=7••=3%

[@irmv1061]

Why would you want to put extra money down on your mortgage when your rate is most likely sub 3%?

[@hieuhuynh9358]

I love papa Dave!! “Why the huge rift”

[@gsquared2394]

She was either exaggerating to get Dave on her side, or she is making it a bigger deal to her husband so she can pressure him into getting her way. Either scenario, she 100% is done sacrificing.

[@sarahjolili2291]

Wh••=app••=+••=1••=4••=0••=2••=7••=8••=1••=4••=2••=7••=3%

[@theamerican7131]

how much extra are we talking each month? oh, maybe something like 500 or maybe 1000 smh

[@lanceoa]

Even bigger rift.. she wants banana nut muffins, he wants blueberry muffins. Watch - No likes for this comment. 😂

[@gatoborracho4572]

This woman will call again in the future begging for help to get out of debt

[@rodrigofernandez9055]

Attack your mortgage with every penny and leave it behind.

[@aaront936]

This is terrible advice. 30 year mortgage rates are less than yearly inflation. You are losing money paying off the mortgage early.

[@charityneverfaileth22]

That makes no sense. Not having a mortgage, I pay no interest. Having a mortgage you have interest. I bought my house with cash. All the money that would be going to interest now goes on my pocket.

[@jeffscott8323]

Save for a rainy day. I ll say it again theres no such a thing as extra money. At least I've never seen it.

[@KenKashi7]

A little inconsistent here lol

[@rollingacresfarmstead206]

I swear if that lion was a female dave wouldnt have made it off the card table. He folds like the french

[@sarahjolili2291]

Wh••=app••=+••=1••=4••=0••=2••=7••=8••=1••=4••=2••=7••=3%

[@RenoTrader]

is this an official channel?

[@mmmmmmmm1942]

Why wouldn't they pay off the house, and then when they buy a second house they rent that one out

[@mercedeswilkins5566]

Even a mortgage is bad. All debt is bad

[@nikolatasev4948]

All debt is bad, but it's not all equally bad. Start paying off the worst kind of debt. The mortgage can go last. There are a lot worse things than mortgage. Compare it with rent. With the mortgage, only the interest part you truly lose, the money you pay for the principal remains in your assets. At some finite point in the future you will fully own the property. Plus, you gain all the price appreciation. If you pay rent - you can pay it forever, and property appreciation will likely increase your rent even further. Rent is like a debt that you have to pay, can't renegotiate, and can never actually pay off. I'd take mortgage over "debt-free" rent any day of the week and twice on Sunday. The only way this could be a problem is if the interest on the mortgage plus the property taxes are more than the rent.

[@mr_num_numz]

How much money does everyone have at the end of the month? Discretionary income. We're at $2000. It'll be more once this debt is paid off.

[@joannawhite1441]

Debt free but we both regret not using any money at all to travel before we had kids. Like literally zero. Not talking going crazy but we had plenty of income to travel Internationally one or two times.

[@USD_Bug]

Just saw the title and came to comment.. There’s no such thing.

[@Benjaminthemoomoo]

She meant trips, she doesn’t care about Reno’s

[@nickkellie]

Extra money!!!??? Pfffftttt

[@AtomicQuotient]

WE want more kids ..

[@sabrinahernandez5425]

Maybe they can just do every other mth. Definitely shouldn’t be messing up a marriage