This post was prompted in part by conversations with a financially responsible person whose only debt was a 30y fixed mortgage below 4%. They are very religious, and their community is really bought into Ramsey, so they’re working hard to pay their mortgage down as quickly as possible.
They’re pretty informed: they agreed with me that the math of paying it off quickly didn’t really make financial sense for them in particular, but they insisted that it was really socially valuable for their whole community to be following the Ramsey approach. I don’t fully disagree with them!
does this person find themselves with expensive debt?
This post was prompted in part by conversations with a financially responsible person whose only debt was a 30y fixed mortgage below 4%. They are very religious, and their community is really bought into Ramsey, so they’re working hard to pay their mortgage down as quickly as possible.
They’re pretty informed: they agreed with me that the math of paying it off quickly didn’t really make financial sense for them in particular, but they insisted that it was really socially valuable for their whole community to be following the Ramsey approach. I don’t fully disagree with them!
thank you for the example.