“You need to earn over 13% on your investment to be better than paying down the debt… debt repayment is risk-free”
♫
Said on Get Started Investing
“If we take that 4% and stop investing, you'll have 3,400 bucks back per year across your paychecks.”
The Ramsey Show · You Don't Win With Money By Accident
Play from 24:19
24:19
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
Advised a caller to stop contributing 4% to 401(k) to free up $3,400 per year for debt repayment
$3,400 per year
Said nearby on the same subject
“Automate minimum repayments on any debt, including your HELP debt. If possible, that automatically happens, but you want to pay it off quicker.”
♫
Said on Dev Raga Personal Finance
“Number two would be paying principal and interest repayments on your tax-deductible debt when you also have owner-occupied debt… preserve that, don’t pay it off”
PN
Pat Noll
Equity Mates Investing Podcast ·
“When you move to an allocated pension… earnings become tax-free, withdrawals become tax-free… you can re-contribute it to super”
MI
Matt Ingram
Equity Mates Investing Podcast ·
Moments like this, every Monday
The strongest new moments on your topics, in the speakers' own words. Free for three topics.
No card. No password. One-click unsubscribe.
Track a competitor?
Pro watches up to 25 names or phrases and emails you the morning after they are said.
See Pro, $29 a monthVerbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.