How To Pay Off Your House In 10 Years Or Less
93,326
Published 2024-06-14
About this episode:
In today’s video, find out why paying off your mortgage early is worth it and how to get it done as fast as possible.
Next Steps:
📗 Order George Kamel’s new book, Breaking Free From Broke. ter.li/n1pwaz
🎥 Watch “How I Bought a House With No Credit Score”: • How I Bought A House With No Credit S...
Offers From Today's Sponsors:
This episode is sponsored by DeleteMe. 🔒 Remove your personal information from the web at joindeleteme.com/george and use code GEORGE for 20% off. 🙌
This episode is also sponsored by Laurel Road. 💸 Open a high-yield savings account and make your savings work harder for you. Check it out here: laurelroad.com/george. 🤑
Listen to more from Ramsey Network
🎙️ The Ramsey Show ⮕ ter.li/nrgexc
💡 The Rachel Cruze Show ⮕ ter.li/gyh9k6
🍸 Smart Money Happy Hour ⮕ ter.li/ruezqk
💸 The Ramsey Show Highlights ⮕ ter.li/yc3i4v
🧠 The Dr. John Delony Show ⮕ ter.li/sii4ha
💼 The Ken Coleman Show - Highlights ⮕ ter.li/nbekmn
📈EntreLeadership ⮕ ter.li/81tcjn
Ramsey Solutions Privacy Policy
www.ramseysolutions.com/company/policies/privacy-p…
All Comments (21)
-
I worry the inflation will eat up my savings if I leave it in the bank. I have about 180k that I want to invest in the stock market, but I don't know how to start. Any suggestions?
-
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
-
Our last mortgage payment is going out on August 29th of this year. 30 year mortgage paid off in 11.5 years.
-
I sold an apartment in Springfield and made about $250K. I was frustrated when I only earned $171 in interest from a regular savings account. After doing some research, I was advised to invest in stocks. Are these stocks a good point to start from?
-
I often wonder how top level investors are able to become millionaires by investing. Just made a home sale and I’ve been sitting on about $545K equity, not sure where to go from here. Is it a good time to buy into stocks or do I stay 100% cash?
-
Paid off 54k in student loans in two and a half years. I plan on applying my same method to my mortgage.
-
$78,500 left, payoff date July 1, 2026. Let's gooooo!!!
-
The number one benefit you mentioned is less stress. Imagine a world where you don’t owe anything to anyone.
-
Paid off mortgage in ten years two decades ago. Was able to send kids to private schools all the way and retire early. Best decision we made.
-
Hey. My boomer spreadsheets have served me well. 😅 Great video. Retired abroad, debt free and enjoying life.
-
We are a school teacher and a IT support tech (translate to mean = not rich/ not high income household). We paid off our house (3 bedroom 2 bath with 2 car garage on 1/2 acre, in cincinnati suburbs) in the span of around 3 years with help from the Ramsey program. HOLY COW, this is crazy, it created a new weird situation now... we have extra money... and peace. Our lives have been dramatically changed.
-
Investors Quick Survey #13: For your shared investing ideas, what do you think will be the next Apple/Microsoft in terms of growth?
-
Just paid ours off last week. Did a 30 yr in 12 yrs.
-
We put 20% down on a £400k home in the UK, and paid off the £320,000 mortgage in five years. No gifts from family, no windfalls, just full focus and hard work. Almost a year since we did it and the peace we feel is unmatched! All of our money stays with us now, and we are having TONS of fun budgeting it for future goals!
-
We paid off our house in 8 yrs 10 months! 🎉
-
We have a goal to pay off our 15-year mortgage in the next 2 years. We started with a 30-year mortgage and refinanced when the rates were super low, so the total payoff time will be about 10 years. We've been putting extra every month into the house, and we're getting super excited that we're almost done. We can't wait to not have a mortgage payment!
-
My 9 year old is George’s biggest fan. He loves the cleverness and creativity that accompanies the good financial info. Keep up the good work!
-
My husband and I started the baby steps 7 years ago. It took us 2 years to pay off $42K in consumer debt. We have three kids 5 & under. We just paid off our mortgage a couple weeks ago! It took us 4.5 years to pay it off. 🎉
-
Your channel is not only so informative and easy to follow, but unbelievable unique and super fun to watch❤
-
Video starts at 05:40. Concept of paying a mortgage early is akin to working/harder to receive more than you would/have.... Good idea as long as long as you take care of yourself/and others in the process🙏
