This is why I'm going to keep driving my 2004 Toyota Camry with 110k miles. It's a old car, but I sleep well every night knowing that I have ZERO car payments

@sharij915

3 жыл бұрын

Amen💕

@edwinmedina4338

3 жыл бұрын

Its ok to have a car payment if it makes you money

@littleripper312

3 жыл бұрын

This is funny, I'm literally looking into buying your exact car with similar miles. I want something I can buy with cash and no car loan. I'm looking at yours or a Honda with similar miles, maybe a little less miles hopefully.

@Jswell_

3 жыл бұрын

@@edwinmedina4338 no it’s still stupid

@Jswell_

3 жыл бұрын

@@edwinmedina4338 my car makes me money and I don’t owe anything on it. That’s smart.

The efficiency of Cynext solution is next level. Managing walkthroughs from various angles with such clarity is remarkable. Making complex topics easy to understand is really something. Awesome work!

Your work shows the kind of person you are-efficient, organized, and result-oriented. Well done, Cynext solution. You are great at what you do. I appreciate your efforts and dedication. May you continue to show your worth and skills like this in the future

Great work Cynext solution so glad you are out there fighting these lowlifes. We need to do all we can to spare the elderly and the general public from these despicable scammers! Kudos to YOU!! You deserve the Nobel prize for keeping us safe big up brother.

@nazariimalakhivskyi6118

3 күн бұрын

Tell me how one can set up a business or buy a house without loan

My parents make around 175K/year, maybe a bit less, their both in debt. House payment still paying on, car payments, other kinds of small debts. They are in debt. My brother makes a good paycheck, he's in debt. I'm in debt. I declare to be out and stay out. within less than 5 years. This is what is called motivational.

@flexedboyy3686

3 жыл бұрын

Only *hackerauden55* will help you

@Eddie44700

3 жыл бұрын

I’m so happy *Hacker_auden55* help me increase my scores

@rammithorn2654

3 жыл бұрын

You got it bro!

@boomerleo89

3 жыл бұрын

How is your progress coming along with your debt? How about your family?

@jollama

2 жыл бұрын

@@boomerleo89 Lol you’re not getting an answer

My credit score is 794 and I never paid a cent of interest in my life, nor have I ever been in debt, and I have 5 credit cards. I just use my cards once a month for small expenses and pay them off in full, keeping the total usage of less than 10% of my credit limit. Missing payments and high utilization will kill your score.

@jeremydroge4025

6 жыл бұрын

Literally exact same thing for me. Same score, same number of cards!

@jeremydroge4025

6 жыл бұрын

Richelle D 👍🏻

@Reduardom

5 жыл бұрын

How you got your first credit card without having credit score you Genius??

@tylerfrazier5043

5 жыл бұрын

Capital one platinum card

@sergiovidz1677

5 жыл бұрын

rene eduardo Bank Of America offered it to me...

Wonderful, just wonderful. Truth must be sought beyond whatever social baggage you are carrying and must let go of. Forward momentum is accelerated in crystal clear vision. Cynext solution dropped serious knowledge. My credit presently runs from good to excellent, but I want from excellent to most excellent. I hear that this is the way to do it. I love the whole precision of this methodology. Here is power. Thank you.

The best feeling ever is to have no mortgage and no car payments. I sleep so well at night. Especially in todays unprecedented times. Awesome feeling!!! Been listening to Dave for years and his advice works!!

@notmebutyou8350

2 жыл бұрын

I know that' is a good feeling!! Congrats to you!! ❤

@warmike

2 жыл бұрын

Did you inherit your house or apartment? Or do you earn so much you could buy it for hard cash?

@curiouslass4280

2 жыл бұрын

@@warmike I saved and worked hard as well as sacrificed so much to get it paid off. Took very hard work and complete focus for several years.

@titan4599

2 жыл бұрын

Congrats 🙏🏽. That’s how I feel not having debt , even though I can afford certain things in life , I still keep my feet on the ground as I don’t want to lose my peace thinking about paying a lender “ banks “ .

@piglo318

Жыл бұрын

How old are you?

So this explains when I paid off one of my student loans in full my Fico score went down. Thank God for Dave and his wisdom. I’m working towards being debt free!

@abhrunil

2 жыл бұрын

Same, at first i was so confused as i expected it to go up after the loan is paid in full.

@23sportsmaniac

2 жыл бұрын

It means you also didn’t do enough research on loans. There’s loans that give zero penalties when you pay them off early.

@SumOneSomewhere

2 жыл бұрын

Once my truck is paid off I’m going to put that money towards my house every month and hopefully one day I’ll be debt free lol

@abdelhadimaddi8253

Жыл бұрын

Yes, because your loan account has been closed after you completed the payment. but i'll go up after that

@juanpaulr

Жыл бұрын

FYI, debt means you're using your credit. You can have 5 credit cards and not use them or use one wisely, pay it off before the interest hits, and your score will go up slowly, but surely. Part of the game of improving your credit score. Do not use more than 10 % of your line of credit. Bacally keep it within your means and lower.

I'm 25, recently debt free after 130k of student loans paid off. Next goal is to save to pay for a 300k home paid in full!

@yuhboi8559

Жыл бұрын

Can we get an update?

@troyculcasi3889

Жыл бұрын

@@yuhboi8559 Didn’t pay in full, but purchased a home in Phoenix in late June. 20 year but the goal is to pay it in 10 years or sooner. Currently average the 10 year mark to have it paid off!

@eliza2256

Жыл бұрын

@@troyculcasi3889That’s amazing congratulations to you and your new home ❤

@shawn_magnum9208

Жыл бұрын

@@troyculcasi3889 You made right decision. If you had waited to gather cash, the same home would have been twice the cost by the time you finished gathering cash. Dave's advise is just plain wrong. Try doing this cash buying in Bay area and see if anyone can afford that.

@F32Aidan

Жыл бұрын

@@shawn_magnum9208 That’s my biggest problem with Dave is the advice is so dated. Credit is absolutely necessary because nobody without financial help from parents or inheritances are buying a house in cash in this economy it’s just not happening. And the ones that can have hundreds of thousands of student loans they need to tackle.

This is not totally accurate. I have a FICO score of 850 but I'm not in debt. I do have a credit card and pay the balance every month. I have done this for 40 years. Never have I revolved a credit card. I have never paid a penny in interest as I've never revolved a dollar on a credit card. Yes, I like using a credit card, but I'm also very disciplined. The bank doesn't own me, if anything I own them. I get points and I don't even pay a yearly fee. Nada.. Nothing. Also, Dave's idea of buying a house with cash is not really possible if you want to be in a house before 40. Ask Dave's own employees. His average pay is well below $100k so I'm sure they have home mortgages. If you choose a bank that doesn't care about your FICO score then they are going to charge you a fortune in interest. You are a high risk without a FICO score. So I don't fully agree with Dave here. Its not the FICO score that is the issue, its having discipline.

@iddutube9316

6 жыл бұрын

I agree. My score in the UK is 952 out of 999. I dont know how it happened but it did. I just use my credit cards for fuel and pay in full each month.

@christinalopez4026

6 жыл бұрын

Totally agree.

@Ryan-jx4vh

6 жыл бұрын

I’m 34 and I paid cash for a $270k brand new home. I did it with a business I built from my own cash reserve. I started doing this Dave Ramsey stuff when I was 22.

@kabascoolr

6 жыл бұрын

Debra, that small hassle can save you tons in interest. When you're buying a $300,000 house, the difference between a 3% and a 6% is huge. Any small interest which you pay on those credit card will likely offset any savings.

@gilltan4280

6 жыл бұрын

Debra Johnson because you can get cash/travel rewards, and build your credit score which will allow you to get large loans. If you only spend what you have, then you'll never pay any interest on credit card debt. It's a matter of whether or not you can be disciplined and responsible with your money.

I currently have one credit card and i pay it in full each month. All i really have on there are recurring payments like car insurance, phone bills, and things of that nature. They're all things that I would have to pay regardless but it's good to know that i can consolidate all those payments into just one, my credit score is just there; it's not hurting anybody.

@KingOfHithlum

2 жыл бұрын

Don't say that out loud. You may hurt Dave's income streams that he built by God's own ways!

@bones6554

2 жыл бұрын

Same here plus i get some money back.

@BimmerWon

2 ай бұрын

Yeah Dave is offering some terrible advice here. Most people can’t buy a house straight up, unlike Dave Ramsey who is rich, so you need a credit score in order to take a mortgage on the house. Otherwise your interest rate is going to be astronomical or you have to pay someone else’s mortgage with rent payments. That is NOT how you build wealth. You’re much better off getting a great interest rate on a mortgage from having a great credit score which you can get for FREE with credit cards that you pay off in full each month and never have to pay interest. I have several cards that offer me cash-back so I’m actually saving money. I pay 5% less for gas and groceries and 2% less for everything else. I only buy what I need and have a bs budget of $3K a year for unnecessary purchases on stuff I want that I stick to. Also, you can sometimes get a higher ARR on investments than the mortgage rate on your house so it makes more financial sense to pay off a mortgage overtime than to pay it off all at once in that situation.

Love this man.....I was called stupid because I don’t believe in debt

@ryangray600

3 жыл бұрын

Love this guy tooo... I was called stupid because I believe in debt

@losmit2194

2 жыл бұрын

Ikr

@griffithdavey2

2 жыл бұрын

It's possible to build wealth with debt. Investments average higher returns than things such as a mortgage.

Playing kissy face with the bank. 🤣😅

@flexedboyy3686

3 жыл бұрын

Only *hackerauden55* will help you

@MyName123.

2 жыл бұрын

haha 🤣

I'm paying my next credit card off next paycheck!!!!!!

@BryceJohnson88

6 жыл бұрын

Congrats! Cut it up!!!

@kevinseveneleven

6 жыл бұрын

Awesome news! I remember that feeling I was counting down the days and hours until I had the last $330 to bring my balance down to zeroooo

@butterflyqueen9260

6 жыл бұрын

4 down, several more to go. The stress is real!

@willmallory9085

6 жыл бұрын

Butterfly Queen me too! Many blessings to you!

@willmallory9085

6 жыл бұрын

Butterfly Queen stay encouraged! This too shall pass!

I wish I found this man in my early teens BUT with that said. It’s never too late to start over at 35💪🏾🙌🏾🔥

@wilsonmateus301

2 жыл бұрын

Stuff the the system don’t teach us and don’t won’t us to know 🥴

@cecep7477

2 жыл бұрын

@@wilsonmateus301 sad isn’t it? SMH.

@dimitrigreen86

2 жыл бұрын

@@cecep7477 very

@celenahughey4087

Жыл бұрын

Agreed!

In addition. I just learned that paying off debt “lowers” your score. The only way to keep the score you have is to continue to be in debt and of course this is true to raise it as well. Mr Dave is absolutely right. Amen

@jakestone6793

2 жыл бұрын

DEBT can make you wealthy too - just two different styles (see Robert Kiosaki RDPD)

@I..cast..fireball

2 жыл бұрын

Just pay off your ccds every month as if they were debit cards. No interest, but good caedit score.

@jimkiser1429

2 жыл бұрын

@@jakestone6793 , I think here is the deal. For 80% of the people, Dave's way is best. For 20%, Robert Kiyosaki's way is best.

@kohtime

2 жыл бұрын

@@jimkiser1429 I think it’s more like 80% impossible for most to do it saves way. I’m in the uk and average salary is 30k average house is 280k. Dave acts as if he did this all from scratch. For starters when he went bankrupt he “lost everything” but he didn’t lose his contacts, his experience etc

@GabrielPineyro

Жыл бұрын

Kiyosaki's way may work sure, but Dave's way is based on the Bible and God. I prefer God's way even if I could have setbacks because it please God

I remember when I thought credit score was the most important thing.. ever since I started following Dave I have more money in my account, live better, and happier.. thank you

@thejokerspeaks

6 жыл бұрын

My goal this year is to earn 11K in credit card cash back, enough to fund our Roth IRA. Dave says that nobody ever got rich off credit card rewards, well I'm going to try being the first. We did 8K last year, and the business is growing.

@alanbdee

6 жыл бұрын

Assuming a 5% cash back you would have to spend $18,000 per month to get $900 cash back; enough to almost fully fund two Roth IRAs. You must have a small business to be able to move that much money through a credit card. If it's a 1% cash back then you have to move $90,000 to get $900. Most people are not in a situation to move $90,000 a month through a credit card.

@gilmendoza8092

6 жыл бұрын

You have the possibility to over spend because you may have the "I will get cash back no problem" mentality.. been there done that.. and no more for me..

@thejokerspeaks

6 жыл бұрын

gil mendoza - Totally understand, and don't think that my personal credit cards, are saving me anything, when you factor increased spending. I view them as a delayed debit charge, so hopefully I'm nowhere near the 11% average, but 0% is unrealistic. Alan Dee - We use Capital One Spark for the business, at 2%.

@butterflyqueen9260

6 жыл бұрын

gil mendoza same!

I like the advice. BUT you need a score for renting, need a score for taking out a mortgage, need a score for getting good auto-insurance rate (it’s true), and need a good score for getting some jobs...it’s a rigged game, so what are we to do?

@Activeuser07

3 жыл бұрын

Interesting 🤔

@mrchyzy16

3 жыл бұрын

You don’t need a score for renting, he obviously says you don’t need a score for a mortgage, auto insurance doesn’t need a score, and I’ve never had a job that required a score. So yes it’s very possible.

@dmdproduction1328

3 жыл бұрын

Being a truck driver / staying in my truck allowed me to invest into real estate. Just saying 🤷🏾‍♂️

@littleripper312

3 жыл бұрын

I asked my dad about this and he said you don't need to worry about those things when you got tons of cash. I'd be more focused on increasing my income because cash can solve most problems.

@mmmmmmmm1942

2 жыл бұрын

@@mrchyzy16 you DO need one to rent now

I have an high FICO score and I haven't borrowed significant money since I paid off my mortgage in 2006.

@Paul-lw3sr

3 жыл бұрын

This guy doesn’t know what he’s talking about

@ebelousov03

3 жыл бұрын

Gary, if you never borrowed money, then how were you able to buy house?

I just became debt free yesterday April 1st And loving it I haven't felt free'er Since I was delivered from sin by God's grace!! This is the best video I've ever seen from Dave Ramsey

@fanclub8999

6 жыл бұрын

Ron Burhans Glory be to God. Congratulations! 👏🏽🙌🏽🙏🏽🎉🎊💵

@Eddie44700

3 жыл бұрын

I’m so happy *Hacker_auden55* help me increase my scores

@VenerableBede2510

Жыл бұрын

Congratulations

This guys advice only applies to the people in extremes, the people with hundreds of thousands of dollars in debt or people with millions of dollars. Not the normal person who needs a good credit score to be able to get a mortgage or place to rent.

This is why I'm keeping my car. Pure knowledge right here Dave...thanks!🙏

@flexedboyy3686

3 жыл бұрын

Only *hackerauden55* will help you

@gracekelly2810

3 жыл бұрын

I decided the same thing. I love my 2007 Hyundai Santa fe!! She's not pretty, but she runs beautifully, my ins is $300 & I love her!

@dushawnmerlin988

2 жыл бұрын

The awesomecreditbuilders at gmail com is amazing one.

Imagine if we all just stopped going into debt. All the collectors would lose their minds and I would love to see that chaos

@simplybeef8232

3 жыл бұрын

APR rates would plummet or the CEOs would have to get new jobs

@han1218

2 жыл бұрын

College tuition would drop in price. Healthcare also.

@peartfaldo

Жыл бұрын

imagine if everyone would just get a job and took care of themselves. ALL of the politicians would lose their minds and I would LOVE to see that.

@ReinierS

Жыл бұрын

The economy would be in the biggest crisis for years. That is what would happen.

I used a card so I don't have to carry coins. I pay full balance every month, payment is on auto-pay. Dave's right, but there are a few of us that can use a card and not carry debt.

@nicholegallo1090

2 жыл бұрын

There you go

@missmisykat7483

2 жыл бұрын

You can do the same with debit card

@ForwardGuidance

2 жыл бұрын

@@missmisykat7483 you are right! I like a CC because it isn't my money until I pay the balance so easier to do chargeback when merchants fail us.

@thefpvlife7785

2 жыл бұрын

Cc for online purchases.. no way I'd link a debit card online.

@matthewsmith1488

Жыл бұрын

I know several people that do the same thing, and they have very high scores. I don't understand people when they say you have to have a balance on the card for it to improve the score. They must be doing something wrong because card companies show the payments are being paid on time. You don't need to carry over a balance on the card for it to affect your score.

Also even renting a house or apartment you need atleast 700 credit score if not higher, I don't like debt but I need a place to live too

@lancelaw760

4 жыл бұрын

There are many houses or rooms for rent that don't need credit score but your income, which is what I'm doing now. Mortgage is actually a big problem with no credit score. But I'm just 21 and I don't need to worry about it yet.

@justthisguy1948

3 жыл бұрын

I’ve rented houses and apartments never had a 700 score

@paccarcrap

3 жыл бұрын

@Majesty Hill but typically, what you said is right

@Heidishereandthere

3 жыл бұрын

Where do you live where apartments are expecting a 700 score? 🤔 California or New York?? I've never heard of someone having to have that high of a score to get into an apartment.

@kramerhack7156

3 жыл бұрын

@@Heidishereandthere it would be great if you buzz me up on IG @kramer_hacks to give you a great and useful deals about that.

Just love this man straight to the point. America needs more Daves!!!

💸 this month we became debt free! It’s scare to continue changing our mindset, behavior and approach to wealth but we will do it! I am sure. Thank you for the motivation.

@autismstorm9903

Жыл бұрын

Congratulations

@jollama

8 ай бұрын

Ah yes it’s scare

I have to disagree with you Dave. I have excellent credit and pay my cards on time faithfully. I NEVER leave a balance and have no debt. So unless I’m an anomaly I don’t fit in your box and your reasoning for having great credit. I realize there aren’t too many people in my situation though.

@n111cky

3 жыл бұрын

If I’m not mistaken his reasoning for this is because mentally it’s much easier for someone to spend money if they can’t physically see and hold it.

@drnostalgia1

3 жыл бұрын

Exactly my situation. His whole rant is unrealistic. He is right though on one point, I had 800+ score as a poor yet debt free grad student

@Ullrs.Hunter

2 жыл бұрын

You can do the same with debit without paying interest

@Kunyazaforever

2 жыл бұрын

@@Ullrs.Hunter not sure why you responded since I said in my comment that I don’t pay interest because I don’t leave a balance.

@yvngdro6457

2 жыл бұрын

Use your debit card and you will see the difference

My mind is blown! Every single time I watch one of your videos. Thank you so much sir. I'm about to begin my "killing the debt" journey. I hope to be debt free within the next 18 weeks or so.

@TheRamseyShow

5 жыл бұрын

You can do it! We'll be cheering you on!

@isaacvega8310

2 жыл бұрын

Did you do it?

@jollama

2 жыл бұрын

@@isaacvega8310 He’s not answering you

THANK YOU SO MUCH FOR OPENING MY EYES TO A MUCH BETTER WAY OF THINKING! Wow

Most of this made sense. But good luck finding a place for $250 and a home for $200k these days.

@cordeaniaknox4158

3 жыл бұрын

They are out there. You will make radical changes when you want change

@kramerhack7156

3 жыл бұрын

Hello, i have been through this stress before not untill i came accross a guy on IG @ghforce_hacks you can message him he got a lot of help and tips to give

Credit cards are fine. I use mine to pay bills online, shop, and pay for groceries. I always make sure to pay all outstanding balance before each cycle. I have no annual fee on my card, nor did my credit card charge me for outstanding balance or late fee. My credit score was 815 when i was 26. That enabled me to buy my house at low interest rate. I am not throwing money to pay an apartment complex. Credit card is a great tool if you know how to use it. If you rack up your debt, then that's a personal issue.

@TheMitch615

6 жыл бұрын

MIMC90 so what is your net worth?

@MIMC16

6 жыл бұрын

+80k in my 401k, +15k in my roth ira, 18k liquid assets, and value of house.

@TheMitch615

6 жыл бұрын

Is your house paid off? How much equity do you have in it?

@MIMC16

6 жыл бұрын

Are u going to ask for my social security next for research purposes? :)

@Aligums

6 жыл бұрын

MIMC90 no, he's simply asking how much interest you are going to throw money freely away. Because unless you paid it off in cash, enjoy giving away your income

I see my credit card as simply an extension on my debit card, always getting notifications and warnings on usage and of every purchase. I pay it off every month and have never paid interest. I get what you are saying but if you put the right procedures in place you can make that pain of using money happen for the credit cards like how I did.

@chrisjames7824

2 жыл бұрын

Yea like getting cash back and not going over 30%. It’s really nice this way

@axselgonzalez3857

2 жыл бұрын

@@chrisjames7824 not going over 30 percent?

@F32Aidan

Жыл бұрын

@@axselgonzalez3857 Utilization ratio

@axselgonzalez3857

Жыл бұрын

@@F32Aidan you know what’s crazy? This is the first month I’ve had to go over 30% and you comment this😂

That was exactly what I needed to hear after getting debt free today..how did I not ever see it that way!...thank you Dave 😊

@luccianoblock5127

2 жыл бұрын

Awesome congrats even tho this was commented a month later

@notmebutyou8350

2 жыл бұрын

Same here!

Credit cards aren’t debt unless you’re bad at using them. I actually LIKE when people use them poorly because their money goes right to me, in the form of cash-back.

So basically he is saying use cash in buying everything. Dont conform to the normal way of living by having debts.

@adrianelias2365

2 жыл бұрын

Except for housing. He's fine with just house debt but with 15 year loan

@paulcoronell

2 жыл бұрын

@@adrianelias2365 but in order to get approved for a home loan you need a FICO score! Lol

@adrianelias2365

2 жыл бұрын

@@paulcoronell What the heck is a FICO score!

Dave Ramsey is unrealistic... umm yea... that’s why I’m UNREALISTIC WEALTHY gesshhh those words 👏

@flexedboyy3686

3 жыл бұрын

Only *hackerauden55* will help you

@phern2389

3 жыл бұрын

I pity Dave Ramsey . Money is his God. So sad

@ethanwebb6122

3 жыл бұрын

@@phern2389 God is his God. Helping people who are slaves to debt is his job and passion... He is insanely generous with his money... Not many people who worship money give away tons.

@phern2389

3 жыл бұрын

@@ethanwebb6122 you cannot buy your way into heaven by trying to pay off previous sins .

@ethanwebb6122

3 жыл бұрын

@@phern2389 I agree... Nothing I said implies that at all. God is his God. Helping being out of debt is his passion and job. Maybe it doesn't translate to your language well, I dunno.

The best Dave Ramsey video by far, in my opinion. Mind blowing👍

@lephotographinc

Жыл бұрын

Without a doubt…

With a credit card/debt it will help you to build your credit score. I also agree with having a credit card , you would spend more than what you can afford and thus paying interest. However these days credit score are even required to rent an apartment as well. So even without any debt/credit card, It’ll be difficult to rent an apartment without having a good credit score. It’s a shame that our system is set up to have debt aka credit score to determine you are worthy or not handling money. There’s just no way out of it.

@da11king

Жыл бұрын

Unless you are a multimillionaire 😂

@millieil6510

11 ай бұрын

this is what i mean. david ramsay is swimming in cash like scrooge mcduck. he can poo poo credit scores. i mean to tell people to close their credit accounts is fckn financial suicide. the average person ONLY has their creditworthiness to help them build wealth. he conflates creditworthiness with debt and it's not true. you can be in the 800s without being thousands in debt or ever having been in tons of debt. case in point - use your cards to buy daily necessities and pay it off IN FULL before the close date instead of using a debit card. honestly, the only takeaway is to have excellent credit and keep zero balances. be smart!

You don't need debt to have a high credit score. I have no debt and my score is over 800. Pay off your balance every month and keep your revolving utilization under 10%. The idea that you need to be in debt to have a high credit score is asinine.

@fchavez6198

3 жыл бұрын

Exactly

Id love to buy a house in cash, but thats not exactly easy to do. If i try to save up 300k in cash, i will end up spending tons of money on rent while saving. And by the time i get to 300k, the house i wanted originally will probably be worth way more than 300k.

@hunkydude322

5 жыл бұрын

you don't necessarily need to buy that expensive, but it's up to you.

@787blah

3 жыл бұрын

300k in California will get you a house in Compton. 300k In Florida and certain parts of Texas will get you a nicer house. $300k isn’t exactly high.

Great advice and information 👍🏻👍🏻👍🏻 thank you Mr. Dave.

Thank you. You're speaking the truth. Let the marketing companies play with your income people

@bradcarver17

3 жыл бұрын

try samhackstechnology❤net they are best cc company 100 legit

Not true you can pay your credit card off before 30 days with no interest and build up your score

@valerie5575

4 жыл бұрын

You missed it.

@davidportnoy

4 жыл бұрын

Indeed kyle indeed

@flatearth9140

4 жыл бұрын

exactly !! i got my great credit score and didnt pay a cent in interest !!

@blackknight1906

4 жыл бұрын

Keep in mind that a majority of Dave's clients don't have the self-discipline to payoff their credit cards each month.

@davidportnoy

4 жыл бұрын

Black Knight if you don’t have that self discipline then it’s time for you to grow up and become an adult telling people not to have credit cards because they don’t have self discipline is backwards and you should figure out a way to make them disciplined

Dave Ramsey always keeping it 100 ! Thanks Mr Ramsey.

I'm debt free and I approve this message! all hail Dave Ramsey!

Love you Dave 🤟🏻💪💪❤️

I just paid al credit cards and two cars. I’m finally debt freeeeee!!!!

@BOB-se1do

4 жыл бұрын

Hacking is 100% guaranteed with hacker scott via whatsapp +1(661)270-6247 Gmail-joescott2526@gmailcom. He does all kinds of bank & PayPal hack he has helped raised my credit score to 880 and deposits $6000 to my bank account every week. you can also contact him via instagram @1scott_smith. !!! We all deserve to be happy.

@lilmommalady76

4 жыл бұрын

PhatCrayonz Congrats! 😎

@rebeccamartinez9429

4 жыл бұрын

Congratulations 😎🥂

Save to buy a house cash? So I keep saving money for 15 yrs while the house keeps increasing in price and value while i keep paying a landlord for 15 yrs while try to saving. That's not good advice to the average American. That's a fantasy world for most. Dave had a mortgage before he became wealthy. I'm willing to put money on that!

@anons000

6 жыл бұрын

He acts like life is a one size fits all

@Cahluvca

6 жыл бұрын

Very true! Nothing wrong with savings for a huge down payment and having a reasonable mortgage along with investments

@iceman2921

6 жыл бұрын

I agree that Dave's path is good to follow for most. I just don't see eye to eye on everything. CC's aren't the enemy and there is good and bad debt. Employers and apartments do look at fico scored these days to determine if you're responsible or not. I believe in having a good fico score.

@shaochiavang

6 жыл бұрын

Dave did not get rich off not using credit cards, he got rich off marketing his product to people. There is almost no way an average person can save enough to pay cash for a house.

@CCBeanzzz

6 жыл бұрын

shaochia vang that’s not at all true. I follow several people on Instagram with varying incomes that are doing just that. His. Plan. Works. If. You. Follow. It.

Okay Dave I'll just go be one of the 10 to 20 people in the country who can live for free in some old ladies backyard. Great practical advice

@user-fp8xc8lf3f

3 жыл бұрын

keep making excuses brother 🤠

My favourite Dave saying is "playing kissy face with the bank" 😅

I have $ 0.00 debt, and my fico score is 850. I use credit cards and pay off when bills come, never pay a penny interest for my credit cards. I like your show, I agree with you on lots of things I don't know how they count that fico scores but you don't have to buy car,make payments to build up your fico score.

@jordanrodney3122

5 жыл бұрын

explain

@1deepIsraelite

5 жыл бұрын

@@jordanrodney3122 he did, he said he pays the credit card immediately so there's no interest

@huggyuk

5 жыл бұрын

Collin Porter That’s great advice, but easier said than done!

@GummiSammi

5 жыл бұрын

@@huggyuk Easier said than done. True. But at the end of the day, that's what all financial literacy is about. Behavior. How disciplined are you. You can't have 850 FICO score if you aren't good at paying off bills in time. It's a score of how good you are at tracking things and managing multiple accounts etc. How predictable and reliable you are. I don't pay a penny in dept. Have 840 FICO score. Reap the benefits of all the 3%, 5% cash backs. I still agree with Ramsey's approach since anybody who's in such a serious financial wreck is there because they lack the discipline. For those people, avoiding credit cards, avoiding debt is smart.

@andrepono

5 жыл бұрын

Same here my credits 740 20 years old $0 in debt

I'm in BS 2. A few months ago, we paid off a student loan something like 20 years earlier than the term agreement. I thought this was pretty cool and thought Fico would too; I expected to see a credit score increase. Was I in for a surprise when I saw that my score actually DROPPED by 13 points. At that moment, I fully got what Dave has been saying: it's an "I love debt score," no more, no less. They like when you pay your loans down, but paying them off and having the accounts close? Not so much.

@Frontline35

6 жыл бұрын

crispappletart I paid off my car 3 years early and my credit score dropped 20 points.

@crispappletart

6 жыл бұрын

It was an old loan, and when it closed it probably lowered the average age of my credit. I just think the parameters used by Fico are too short-sighted. They should consider early payoff. Surely if I can pay off close to $40k in debt in one year, I'm credit-worthy. It's a dumb thing, but it just felt like a kick in the pants to me.

@LJC123

6 жыл бұрын

DAVE: your theory here makes sense if you're young and heathy....but how does someone over 40 with limited income and bad health find and live in an apt garage and then save $ when they're barely getting by on paycheck to paycheck?? Your premises r good,, but seems biased and directed solely towards the young and healthy only!

@tony16222

6 жыл бұрын

Montrell Fain one reason for a credit drop is because they stop reporting on that account and but it as paid. Your score is comes mostly from how much credit they give u to how much u owe. To have a good one u want to keep it around 20%. Do if ur total credit u have is 10,000 across 3 cards but in total u owe $2000 from all 3 combine then u should be good.

@TheJanicetunes

6 жыл бұрын

Wow congratulations to you!!! That's awesome and thanks for sharing the info on the FICO score. The more I read the more I'm aware of what DR is saying. Despite all the youtubers that are flying free off of cc's

So accurate!!! Preach it, Dave! Preach!!! 🙏👏👏👏

❤I would say I don't know how I find you on KZread, but I know better. My husband and I have been in prayer so that we get our credit scores up and our credit record in great shape so that we can purchase our forever home. It was no one but God that led me to....

I am 36 years old and I never had a credit card in my life and I am proud of that fact

@genesisbrooksviverette2809

5 жыл бұрын

I agree. My dad used to tell me all the time to stay away from credit cards. I am 34 years old and I have never had a credit card. I thank God for Dave Ramsey. He really has shown me that I don't need a card.

@kentrobinson7479

5 жыл бұрын

@@genesisbrooksviverette2809 100% CREDIT CARDS THAT PAY ME...Stay away from EXPENSIVE CASH

@phatcrayonz

4 жыл бұрын

I’m 41 and had 5. Got into debt. Now I’m debt free. Because of Dave

I have 0 debt (paid off my car loan and student loan last year). I have no other debt. My score is 780.

@rgsander1

6 жыл бұрын

It will drop soon

@evasequens6182

5 жыл бұрын

It’s true your score will go down if you no loans in your name . To keep your score you have to have a loan rest of your life .. that’s the banking world

@Northdallasguy00

5 жыл бұрын

K J just apply for a credit card, use it a few times a month but pay it off before the reporting date.

@kentrobinson7479

5 жыл бұрын

@@Northdallasguy00 PAY IN FULL on or before the due date...NOT before the statement date

@kentrobinson7479

5 жыл бұрын

@@Northdallasguy00 You must let it report something...if it reports $0 for month after month because you pay in full before it reports...YOU GET NO BENEFIT FOR ALL YOUR PURCHASES

This is one of the days my life changes God bless you

@jdubo1998

3 жыл бұрын

Did it really.

@flexedboyy3686

3 жыл бұрын

Only *hackerauden55* will help you

I love the breakdown that you've provided here Dave, not many of us have had the privilege of learning this early on. I’ve been struggling with badcredit for a while now and I think I've tried to get back on track but nothing seems to work.

@kristennn850

Жыл бұрын

I've had this problem too in the past until I discovered an ad about a repair company which I tried and they worked out incredibly for me. No negative items, clean report, high score and I’m very close to purchasing a home with my husband.

@callumfrank

Жыл бұрын

@@kristennn850 Oh really? Please what company is that

@annMarien

Жыл бұрын

@@kristennn850 Where can I find this company you talk of and are they verifiable? Please I'd appreciate if you share. Thankss

@kristennn850

Жыл бұрын

youtube isn’t letting me write the name of the company well so I will probably just write it spaciously and hope you make good sense of it

@annMarien

Жыл бұрын

@@kristennn850 Oh okay I understand probably because of its algorithm against spam but please go ahead

Those ending words were legendary.

WOW thank you Dave for sharing your perspective on credit scores. I was wondering about what you thought about them and my question was answered today. Now Iam more determined to get out of debt even more. Thanks again and May the Lord continue to bless you.

This seriously just destroyed my thinking on credit. I'm in the Air Force and we have actually been given classes on why you should and need to build your credit score. Everyone I know is worried about there credit score and constantly trying to improve it. Thank you so much Dave. As I write this I am going through the "begging steps" on your website!

@jb-uw2vt

9 ай бұрын

Why can't I find "begging steps"? Did you mean "baby steps"?

@jollama

8 ай бұрын

*their

I love his rants lol

I agree with Dave Ramsey..When I said I want to pay cash for my car and house my colleagues thought I was weird.. Besides my Islamic religion is against paying interest. Thank you Dave.

Dave, what about car insurance premium ? they also look at credit ratings to determine if u r a safe driver. WOnt my insurance premium go high if I have no credit score ?

@eatpigsnot

6 жыл бұрын

you're stepping over the dollars to pick up the dimes.

@VlogswithRandyandOdalys0317

5 жыл бұрын

Shivo hum no dude your car insurance doesn’t have nothing to do with your fico score. Getting citations will increase your car insurance. I know this because I’ve been there

@kentrobinson7479

5 жыл бұрын

@@VlogswithRandyandOdalys0317 YOUR STATEMENT IS FALSE...some (NOT ALL) use credit to rate their insurance costs

@gtogirl330

5 жыл бұрын

Seems like any insurance company that uses your credit score to determine rates is one you shouldnt touch with a ten foot pole. Your debt has nothing to do with your ability to drive a car safely.

@Dubs-jx2to

5 жыл бұрын

@@gtogirl330 All the major insurance companies now factor in your credit score to determine your rate. There are only 3 states that don't allow it, CA, HI and MA. Seriously, look it up.

I feel a lot of what Dave says is very wise. But finding rent for $250 in a nice neighborhood/nice city or any neighborhood, is not even remotely realistic for most people. I don’t disagree with paying cash as much as possible, but let’s be real and admit that those are extraordinary circumstances.

@hydrobuu

6 жыл бұрын

Michale Donahue yeah out in the boondocks.

@MrThinkEncourager

6 жыл бұрын

Of course it is, especially in South Arkansas, lol. The only drawback is there isn't a big job market. There are houses that the mortages are under $250. There's a nice home on the next street over from my house that nice looking. I think someone could pay cash for it, lol. Most people are old where I live. Most children have gone off to college and have lives of their own by now. No crime that I know of either and you don't have to live in the boonies.

@cooperscreditconsultingint6792

5 жыл бұрын

Plus some employment companies look at credit reports (scores) and review your reports.

@pollyanna0169

5 жыл бұрын

they look at reports. most do not look at score at all.

@VBrinkV

4 жыл бұрын

"Unrealistic" deals are made every day, though. Finding deals like this often requires the Gazelle-like tenacity of living like no one else. Not that you will always succeed, but at least try.

I have a 750 score and have never paid a cent in interest

@nicolefrancis9577

3 жыл бұрын

Patience is the key to a good credit score, I had never check my credit before until my lady advised me to do so, I had discovered I have no credits at all, then directed to join a tradeline vendor - Goshen_credits at instagram, which they added me to some traveling, that helped in bursting my credit points ,am at 593 now, still hoping for a greater heights

@AXLee27

3 жыл бұрын

I currently have 820 score and never paid a cent in interest. But I do understand I’m more likely to spend more money swiping credit cards than paying cash (even though I pay off my card in full every billing cycle). I’m pretty sure I fell victim to that.

Some people need a good credit score to get a decent mortgage! Not everyone can afford to put 100% down

@stevenstanhope9243

3 жыл бұрын

Manual underwriting

I have 820 score and no debt. I use credit cards for all my purchases, pay them off in total at the end of the month and collect almost $2000 a year from them for using the cards. The cherry on top is that there is less risk using a credit card than a debit card if (really when) it gets hacked. So I'm really good at taking 0% short term loans from these guys AND they pay me money for the honor and I've been doing it for 15 years. That being said, I realize it's on the backs of the people who think credit cards are free money that doesn't need budgeted. If we all got smart, credit cards wouldn't exist.

@likaboss7654

3 жыл бұрын

I’m in the exact same boat bro, he makes out to seem like having excellent credit makes you a sucker but it’s the opposite if you make the cards work for you (cash back and flyer miles)

@loganpriceofficial

3 жыл бұрын

love this comment! same here but I've only had credit for 2-3 years and my score is 760

@Daniel-ht4wr

3 жыл бұрын

Do you spend more money by using credit? Because the data suggests people save more when they use Cash, Debit and then credit. Perhaps you are someone that has gamed the system to your advantage, you use a credit card and keep tight purse strings. But the bank wouldn't be making money if the majority of people did that, they know people will spend more using credit because of how detached they are from spending and they know that some people will get into debt

@frankfurter4285

3 жыл бұрын

@@Daniel-ht4wr I'm aware of those data points, and I track my spending very closely. There was no difference in my spending after moving to credit cards from debit cards. I will concede that if I used cash-only I may spend less, but as much of my spending (these days in particular) is online, that isn't actually an option at the moment. I'm saving over 40% of my income monthly, I'm not necessarily looking to pinch pennies any tighter than I already am.

@mansayata6677

4 ай бұрын

Agreed, I do the same

Thank you Dave.. Folks are programmed to have debt. It's had to convince people otherwise on something that seems so obvious.. If you build wealth (which happens when you have no debt) that money trumps a fico score anytime.

I love how Dave breaks this down!!! I wish I learned this years ago I wouldn’t of ever started to get credit cards and thus have debt! Keep this information coming! 🎉

This is not what a FICO score means. A high FICO score means you are a low risk to a financial institution for default if you have to borrow money. It doesn't mean you are stupid, it means that you are person with integrity that pays back what you owe in situations where you need to borrow. In an ideal world, you wouldn't need to ever borrow money, but in the real world, sometimes things happen where you need to borrow capital that can't wait.

@shitalvyavhare6820

5 ай бұрын

Yeah your right. Ramsay's advice is good or probably great but it comes from the top 1 percentage man in the world. Normal people are not that much disciplined or smart.

I 100% disagree with Dave... your credit score can be maintained buy using your credit card and not carrying a balance.... your credit score is 1. Credit Line (how much you have access to..) 2. On time payment 3. Credit utilization...10% or less 4. Length of credit My scores between 815/804 I haven't had a car payment in 10 years.... With Dave you have to eat the meat and spit out the bones... P.S a better credit score actually SAVES you money

@mymiracle79

5 жыл бұрын

I absolutely agree.

@PointNemo9

5 жыл бұрын

@Charlie Ennis There are ways to get a high credit score without paying any interest

@PointNemo9

5 жыл бұрын

@Charlie Ennis Pay all balances on time and in full to increase your credit score and never pay interest

@NoLifeJoel

4 жыл бұрын

@Charlie Ennis They don't charge any interest until the due date. If you pay off the balance in full then you're paying ~25% interest on $0. Which is nothing. Once you pay it off, they give you some of your money back. So you actually net a profit. You can also keep your money in your savings account a little bit longer so you net more interest on what you have than somebody who doesn't have a credit card.

@coachwooley8238

4 жыл бұрын

5065ca well I think Dave is saying just pay everything off with cash. That will save you money

how are you meant to save up enough money for a house without taking out a loan though, without saving for 50 years first 😂 i couldnt save up like $200k for a house in cash cuz i gotta eat and pay bills

@bowdownandobey

3 жыл бұрын

Austerity + hustle heavy

@juliegula8862

3 жыл бұрын

@@bowdownandobey yoo, fact got to hustle Tight for the bread 🤔

@juliegula8862

3 жыл бұрын

I look up his W-hatsapp2602030909 for score raiser

I love how he is so straight and to the point!

😂 I can't get enough of watching Dave he speaking facts. I do feel stupid, been stressing about my credit score 🙃

@WeBeatMedicare6969

Жыл бұрын

I’m same way…always stressing about the scores…then again, you need a good score to get a mortgage so there’s that…but yeah, once you get past that then tue score shouldn’t matter

@jb-uw2vt

6 ай бұрын

@@WeBeatMedicare6969 but see that's the thing, if you don't keep it up while doing this I imagine it negatively affects your payments etc! You can't just get a mortgage/loan(s) and then say screw my score! If I'm wrong I'd like to know.

Why dont people realize that a FICO score is to estimate for banks how profitable a person you are.

@kentrobinson7479

5 жыл бұрын

FUNNY...All my credit cards *PAY ME* to use them...what is your financial gain for using cash???

@dragonflyhottie

5 жыл бұрын

Exactly!! Let these credit card users stay delusional. That’s why most are taking this video and comment section sooooo personally.

@kentrobinson7479

5 жыл бұрын

I get paid $1,000's every year in rewards...using cash pays squat

@SincerlyYours1000

5 жыл бұрын

Alot of people dont get it. what dave has said i ve heard this before. Its really about the interest these banks. The credit card company spend billions just to confuse the consumer on the scores and credit.if u think u gettin ova think again

@kentrobinson7479

5 жыл бұрын

@@SincerlyYours1000 I get paid by every single credit card...with every single purchase (airline miles and cash back)...$1,000's worth

I have no credit score now and loving it. Also I have lots of money and travel.

@alanberk1

6 жыл бұрын

Only thing is if you don't have a credit score and ever need credit to buy a house or in case of emergency or to get a better insurance rate...youre out a luck. I don't believe in racking up a ton of debt but having available credit is a good thing... especially in the current marketplace.

@jacked6

6 жыл бұрын

Alonz B I already have a house too!

@ERIN_198

6 жыл бұрын

Alonz B do you even listen? He talks about having an emergency fund so you don't need a loan should an emergency arise

@marquiselogan9832

6 жыл бұрын

Erin Sandwell apparently he doesn't

@cocodakilla

6 жыл бұрын

Lol he can wait for a crash and buy property cheap. Dont keep credit cards.

I have been watching many of your videos. This is the one I needed to watch today! Thank you!

Thank you, sir. This video altered my life significantly. Coming back to give thanks. Much love.

My goal is to pay the house in cash. Man it is crazy how much interest of that house payment you will end up paying to the bank even if you put 20% down on a 15 year mortgage nobody realizes that

@misaelarredondo7933

3 жыл бұрын

I know right?! If you look at the ammoritization chart! I’m looking to pay cash as well!!

@carsondwayne

3 жыл бұрын

I have no idea where you live, but buying a house with cash is extremely unrealistic. That's why even Dave says the only debt he supports is a mortgage

21 and never had a credit card 🙏🏼

The question I would pose is how, without a FICO, TransUnion, or an Equifax score, would you purchase a home or even rent?

@gessrinky9129

3 жыл бұрын

You can get a manual underwriting. Dave promotes Churchill mortgage but I’m Sure there’s others.

@mandarpatki8869

3 жыл бұрын

@@gessrinky9129 Plus you gonna pay more for a manual underwriting. U really smart.

@gessrinky9129

3 жыл бұрын

@@mandarpatki8869 I’m just repeating what the video said, tubby.

@mandarpatki8869

3 жыл бұрын

@@gessrinky9129 without using ur own brain? Sad state of being

@gessrinky9129

3 жыл бұрын

@@mandarpatki8869 yep. Good luck in your studies friend. Take care.

I have a couple of closed/charged off accounts on my credit report. It was for a couple credit cards and one auto loan that my ex partner stopped paying on (under my name - and YES I KNOW BIGGEST/HARDEST/EXPENSIVE LESSON IN MY LIFE IM AWARE OF). Been working on rebuilding my credit/ getting out of debt. Do you suggest since it is closed/charged off to not pay it off? It has been there 5 years and will be falling off within 2 years. I am not sure if I should pay it off or wait until it just falls off.

This is powerfully accurate! I've never heard such a vital part of our life articulated so well.

I use a credit card only on gas/or anything under $100. Easy to pay off and builds credit

@Convexhull210

5 жыл бұрын

LetsGoToMarsMan but why do I need a credit card to do that?

@binozia-old-2031

5 жыл бұрын

Matt Brown to build credit...

@Convexhull210

5 жыл бұрын

Bino Dino maxilimilanMus royal guar why do I need credit?

@binozia-old-2031

5 жыл бұрын

Matt Brown I never said that a good credit score is the best thing i was just answering your question

@Convexhull210

5 жыл бұрын

Bino Dino maxilimilanMus royal guar I don’t need a credit card.

Thank you. I appreciate this advice

Great advice Dave! I just moved out of my cardboard box and bought my first car to live in - I paid cash!

I have never payed a dollar in credit card fees and I have credit cards and a perfect score.... being responsible goes a long way..... it's an option for someone like me trying to make my way up.... you do make some very sensible points however

@nicholegallo1090

2 жыл бұрын

!!

I love you Dave Ramsey I have been following you since the 9th grade. Thank you Dave for teaching us what you have learned over the years.

@WeBeatMedicare6969

Жыл бұрын

Lucky you…started young and stayed

WOW - " Borrowed money just to keep score up" True That

This all makes sense until you have to have somewhere to live

@joeschmoe6516

3 жыл бұрын

Did you watch the entire video? Live beneath your means until you can get a home without debt and you set yourself for LIFE.

@darckanbu47

3 жыл бұрын

The. You will get the house wen you are 40yr old or more

@Cvnt2201

3 жыл бұрын

And something to drive

@charlesdu84

3 жыл бұрын

Yes this guy is crazy…

@elevatedagain

3 жыл бұрын

You are correct but when you build wealth you can use cash or other peoples cash to purchase your house. When you build wealth you don't borrow.

Debt free and 100k in the market my Money work for me 🙌🏽 thanks Ramsey

@eagle_eyess

5 жыл бұрын

Mario castillo am glad to see you 😆 and thankful. Am planing to to go for a kind of market where my money works for me. Any idea?

@smithrebecca4855

3 жыл бұрын

Alot of Americans suffers credit errors because They haven't met the right one to help them out, so they go ahead falling into the wrong side. I was once a victim of that scandal but after I made the right choice by contacting HACKER.DONE22 on IG to fix my credit which he did exactly what I was expecting. He got all the items in my report including collection, hard inquiries, loan, medical bills and bankruptcy deleted. This boosted my score from 510 to 930 and everything is now working perfectly on my credit, I got approved for the capital one credit card I applied for. He is also good in fixing of chex system. If you need help contact them on WhatsApp ‪+1(518) 552-7835.

Side job, made 144K and became debt free, I make more money on investments becaus I had more money to invest. On to the million dollar club. Thank you Dave!

@thenamesjesus6079

3 жыл бұрын

what side job?

Having so much debt makes you get sick due to a stressful life and paying the doctors bill is So expensive as well. So have a relaxing life .

Thank you for needed wisdom!

I’m 22 and never had a credit card or score. Have $15,000 saved just from working at Pizza Hut. Just bought a decent car IN CASH this year. And planning to do the same with a house in a few years! My parents have been following you since I was a kid. So glad I chose to follow too!

@TheGaboGuerena

3 жыл бұрын

Good luck buying a house in cash without the IRS conducting an investigation first

@jabbawabba4949

3 жыл бұрын

@@TheGaboGuerena LOL

@obcallum6450

3 жыл бұрын

@@TheGaboGuerena You don't understand the term cash in this instance

We live in a world now that if you don't have a credit history and a bad credit score.. It's hard to get anything.

@mikeghiradelli1163

3 жыл бұрын

@FaZe Buzzerd1 Exactly. Cash works every time. And, Dave's right - you really can save up and pay cash for a home. It takes intentionality, hard work, sacrifice, and perseverance, but it can be done. I know, because I have done it.

Dave you are a God sent thank you so much for revealing the truth about Fico