Should I Stop Investing To Pay Off Car Debt?

Should I Stop Investing To Pay Off Car Debt?

Get a FREE customized plan for your money. It only takes 3 minutes!

Visit the Dave Ramsey store today for resources to help you take control of your money!

Become a Channel Member today:

Welcome to The Dave Ramsey Show like you’ve never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave’s producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you’ll see exclusive content from people like Rachel Cruze, Chris Hogan, and Christy Wright —as well as all kinds of other video pieces that we’ll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!


21 thoughts on “Should I Stop Investing To Pay Off Car Debt?”

  1. Why does Dave always ignore tax? Also disagree stopping investing in pension or your personal portfolio – regardless if you are only investing $5000 or $500 or $50 a month (whatever ratio is for you). That compounding of that money of 30-40 years is too much to miss out on and keeps disciplined habit. Sure you reduce your investment in portfolio/pension etc until debt is paid off as you want that high interest short term debt cleared. For example that 1 year of just $100 a month (say $1200 for first year) is worth over $140,000 after 40 years as average return in the market just left there. So if you were 25 and just missed that 1 year of only $100 a month that is a insane loss when you reach your 60's in retirement. Dave is wrong on this point. I agree debt needs to be cleared fast but do not contribute ZERO to investments, add at leas a few $'s !!!

  2. I struggle with the idea that there is no, bar none, debt you can carry. In a case like this video: say I can save 30k a year, dump it into a tax shelter, instantly rewarding myself on tax return and then on top of that, investing and getting a good % from those investments… The cost of my loan may be nearly nothing so many dealers do promotions like 1% APR… I would still need a car, and under this view Id have a car and be a year ahead saving… So how is it the shortest path to wealth? It seems the math doesn't add up here… @daveramsay

  3. All these people commenting about the caller need to stop being so mean. She seems to have a mental condition and that is not something to laugh about. You all should be ashamed of making fun of someone in her mental condition.

  4. I did the debt snowball thanks to Dave because I was angry at my debt.

    Now I have no debt other than my mortgage which I'm seriously attacking.

    Feels good to be debt free. Now if I can't pay for it cash I don't buy it.

    Dave is right, avoid consumer debt.

  5. Good advice. I watch alot of your videos here on YouTube. I have a auto loan I've been paying on for a year. I have about 5 more years of payments at 4% interest, but after watching this and other videos of yours, I am going to suspend my investing and try to get the loan paid off in 3 years or less.

Leave a Reply

Your email address will not be published. Required fields are marked *