McKenna
Appearances
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
Hi, thank you for taking my call.
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
So my husband and I have completed Baby Step 3 last fall. We've been kind of cash flowing to weddings we've been going to since then and investing in retirement. And at the end of this month, we're going to get ready to start thinking about our next home. We have a mortgage on a townhome currently.
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
So my question would be, at the end of this month, we're going to start shelling out some money into a savings account. We just don't really know if that's like a money market account, a high yield, or if that is investing in the market if we're not planning on moving for another five years, if that's enough time to ride out the market.
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
That was the other thing that we were thinking of. What's the town home worth? So it's about worth probably $265,000 to $270,000. We have $239,000 remaining on it. And according to an amortization, it would be about seven years to pay it off.