Ramsey Show Highlights / YouTube
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In an episode of The Ramsey Show, Dave Ramsey shared that “the number one and two reason people become millionaires is they’re investing in their retirement and their paid off home.”
According to him, “these are the two elements of the first one to five million of net worth.”
That being said, saving for retirement and paying off a home are two of the hardest things for Americans to do in the current economy.
Along with the average 30-year fixed rate mortgage hovering around 6.25%, the median sale price in August for a new home was $413,500, according to the U.S. Census Bureau. On top of these high prices , a study by AARP found that 61% of adults aged 50+ are worried they won’t have enough money to support…
