Will Paying Off Your House Mean Higher Taxes? - Dave Ramsey Rant
928,205
Published 2020-01-15
📱Download the Ramsey Network App ⮕ ter.li/ajeshj
🛒 Visit The Ramsey Store ⮕ ter.li/7vyom2
📞 Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message ter.li/n88ly5
Explore More Shows from Ramsey Network:
🎙️ The Ramsey Show ⮕ ter.li/ng9950
🍸 Smart Money Happy Hour ⮕ ter.li/9gcp3d
🧠 The Dr. John Delony Show ⮕ ter.li/2u3mc0
💰 George Kamel ⮕ ter.li/1elws8
💡 The Rachel Cruze Show ⮕ ter.li/n2u6jc
💼 The Ken Coleman Show - Highlights ⮕ ter.li/1rbjr2
📈 EntreLeadership ⮕ ter.li/ktxv2k
Ramsey Solutions Privacy Policy
www.ramseysolutions.com/company/policies/privacy-p…
All Comments (21)
-
Get life-changing financial advice anytime, anywhere. Subscribe today: youtube.com/c/TheDaveRamseyShow?sub_confirmation=1
-
Paid my house off, loss my job...I can do side work to pay the taxes....no place like home
-
Sooo I just paid my house off literally 2 hours ago and now I am broke but it feels good. Thanks Dave Ramsey.
-
CPA here, Dave is correct.
-
Paid mine off yesterday!!! Still doesn't seem real.
-
I'm 59 and my wife is 52 we just paid our house off in October of 21. Nine years early. The peace of mind it gives is priceless.
-
I paid my house off three years early. Didn’t notice an increase in taxes but noticed a big increase in my bank account. One thing I did see decrease was my stress over worrying how to cover monthly how to cover monthly house payments— since I didn’t have one😁
-
Paid off my mortgage 22 years early (roommates and insane work hours), greatest financial feeling ever! And still driving a 2006 Kia Rio while my buddies w BMWs and Mercedes are renting for $2000 a month.
-
You know what sucks the most about not having a mortgage payment? Nothing.
-
This question is just a rephrasing of the "I can't take a raise because I'll be in a higher tax bracket" idiocy.
-
I had the opportunity to pay off my house ten years ago and it still remains one of the best decisions I ever made. The peace of mind is priceless.
-
I paid off my Mortgage 5 years ago. I am a 45 years old single mother to a 14 years old child that live with me full time. I am looking into what I kind of business I can venture into. Living in America rent and mortgage free is a very good feeling.
-
"I want to give a bank $10,000 to keep from giving the government $2,200." That is a stupid tax of $7,800!
-
This is the first month I don't have to pay my mortgage. Thank you for your teachings, it has changed my life. 🙏🙏🙏
-
Paid my house off back in April of 2023 at 51 years old. Going on 4 months with no mortgage feels so good. Of course I’m paying the taxes and still feels good with no mortgage 🔥🔥🔥🔥
-
When I told my broke brother-in-law that my hubby and I had paid our mortgage, he said we should get a reverse mortgage. I asked him, "Why would I do that?" He couldn't answer. Because he didn't know. Did I mention he's broke?
-
starting my morning with coffee and a dave ramsey rant... It’s going to be a good day =)
-
You can go broke chasing tax deductions. The real story -- the person is jealous that you have no mortgage and is trying to belittle your accomplishment to make himself feel better.
-
“They said” and “I heard” are the worst financial planning firm out there! So true! Too many people get misguided advice. No matter how well-intentioned your friends or loved ones are, you have to be well-educated about your financial plan in order for it to work at all!
-
In my mind the greatest benefit of accelerating your mortgage payments is that you keep your lifestyle reasonable. You get used to living on less, so when your mortgage is gone, it feels natural to invest the amount.
