Caller: “My wife and I have about $2.3M in debt, but it’s all low interest. Mortgage, rental property, student loans, car loan. We make about $1.5M a year, and our net worth is around $5.2M . I’m wondering if we should just invest instead of rushing to pay it off.” Dave Ramsey: “Hold on. Break that down for me.” Caller: “$2M on our primary home at 2.4%, $250K rental at 3%, $80K student loans at 1.6%, and a $40K car loan at 4%.” Dave Ramsey: “So you’re looking at it like, ‘why pay 2% when I can earn 4% in the market?’” “That’s the mistake. You’re treating it like math only. Debt isn’t just interest rates. Debt is risk.” “The more you stack it up, even when it’s cheap, the more exposed you are when life changes.”