X

Christian Living

Finance

Dave Says: Where Should the Money Go?

These days it pays to be smart about money. That's why it's important to take this wise counsel from financial expert Dave Ramsey.

Dear Dave,

If you have a mortgage that will be paid off in the next two or three years, should you pay extra toward the house or invest that money over and above the 15 percent you recommend putting toward retirement?

Walt

Dear Walt,

I would pay extra on the house. You know, a magical thing happens when you pay down a house and sell it somewhere down the road. The money comes back. You didn't lose it.
Honestly, you're not doing a bad thing by putting it into retirement either. But you don't know exactly what will happen over the next several years of your life or the life of your investments. You might think you know. You might even have a plan. But the truth is even the best plans don't always work out the way we want.

And if that happens, it sure would be neat to own your home outright!

—Dave

 

Get more than a Sunday sermon. Get to know others seeking God’s guidance and wisdom for life.
We are here to help and encourage you! Send a prayer request now, or call 1‑800‑700‑7000
Can God change your life? God made it possible for you to know. Discover God's peace now.
Donate