Investing

Will Paying Off Your House Mean Higher Taxes? – Dave Ramsey Rant

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Will Paying Off Your House Mean Higher Taxes? – Dave Ramsey Rant
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21 Comments
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Robert Dunfee

21 Comments

  1. The Ramsey Show - Highlights
    July 19, 2021 at 2:30 pm

    Get life-changing financial advice anytime, anywhere. Subscribe today: https://www.youtube.com/c/TheDaveRamseyShow?sub_confirmation=1

  2. Rudy Amid
    July 19, 2021 at 2:30 pm

    Amen to paid off mortgage and 401K investments!

  3. T2D
    July 19, 2021 at 2:30 pm

    ok, i'm lost at the explenation
    so, i can pay 10k now to pay off the loan
    or pay 10k + 1.7% = 10k + 170
    so i payed 170 to get that 2200.
    or am i missing something?

    also, where i live, its a different system, and we get an aditional 3000 untaxable income, when we have a morguage.
    so would that make a difference for me?
    401k doesn't exist here,
    roth ira doesn't exist here
    10% intrest mutual fund.. can't find those either.

  4. MegaChristian X
    July 19, 2021 at 2:30 pm

    251 people are math challenged. 4:46

  5. Wei Chen
    July 19, 2021 at 2:30 pm

    I would rather pay the little bit of taxes than pay that interest rate…

  6. Trevor Maxwell
    July 19, 2021 at 2:30 pm

    I love Dave’s “selective math” and “facts”

  7. Jumpin Jen
    July 19, 2021 at 2:30 pm

    This one made me laugh a good few times 🤣

  8. Janet Cross
    July 19, 2021 at 2:30 pm

    Let us know about taxes %

  9. DJ
    July 19, 2021 at 2:30 pm

    Yes!!! As an accountant I feel like I have to explain this to everyone! It’s good to be in a higher tax bracket!

  10. TRUCKER RELL
    July 19, 2021 at 2:30 pm

    What about states

  11. Juan Plus
    July 19, 2021 at 2:30 pm

    Thanks Dave! I can’t wait to be mortgage free!

  12. Andrew Slabaugh
    July 19, 2021 at 2:30 pm

    You are the worst advisor I've ever heard.

  13. Harvey Schindler
    July 19, 2021 at 2:30 pm

    And they still believe that.
    Real estate agent are still expounding that stuff and when challenged have that deer in the headlights look.

  14. Michael Kerns
    July 19, 2021 at 2:30 pm

    Taxes are the bane of sound financial decisions. That is the tail that wags the dog for a whole lot of people

  15. Stephen Dove
    July 19, 2021 at 2:30 pm

    I am a pretty normal single guy with a $500K mortgage. My housing deductions are over $20K, vs the $12.5 standard deduction. I think the caller has a point!

  16. John B
    July 19, 2021 at 2:30 pm

    Facts 🙊🙊🙊

  17. Steve Wyche
    July 19, 2021 at 2:30 pm

    People are so stupid, taxes only come into play when you itemize. This woman should know this.

  18. Steve Wyche
    July 19, 2021 at 2:30 pm

    So we shouldn't take diet advice from Dave?

  19. When you realize Bill the Butcher was the good guy
    July 19, 2021 at 2:30 pm

    Idk, broke people usually have some good tips about finance. They tell you their mistakes so you don't make the same ones.

  20. Gregory Jones
    July 19, 2021 at 2:30 pm

    So if I have a 400k mortgage at 2-4 percent it makes since to pay it off quickly? Whereas in can invest it at a minimum ROI of 7-11 percent and used that to pay it off? Which is better? That same person can own 5,10,15 homes instead of having that one paid off with cash flow from all 🤷🏾‍♂️

  21. Ian Robinson
    July 19, 2021 at 2:30 pm

    Glad I don't live in the US – taxes,taxes,taxes. Actually, we pay slightly higher taxes here I think but it's much less complex and convuluted…