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Paying off a mortgage with a fixed rate lower than inflation makes almost zero sense. Especially when tons of investors are using housing appreciation to combat inflation, so your net worth is in pretty decent shape if your largest asset is appreciating in real terms and your debt is falling in both real (negative rate) and in nominal terms (principal). Of course, most Ramsey listeners aren't in homes appreciating that much and they probably don't have mortgages lower than 3.5%.
0 sats \ 0 replies \ @pj 14 May
I think that's the key component... His audience. He highlighted that he's worried about the people who have high debt and wants them to focus on getting out of it. That's his brand and he can't deviate from that. Regardless if bitcoin could help him and his audience, he literally blows his entire narrative/brand if he capitulates. His recipe was created pre-bitcoin. And it's not a terrible recipe. It's also never going to change. At best, he'll create a new recipe for everyone who has completed the baby steps.
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