Live like no one else: The Dave Ramsey Show appreciation thread
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I ? with dave ramsey but i believe in building your credit. With that said i started around 560 n just hit 670 the other day. Shooting for 700 around fall at the latest.
I only have 2 store cards. One for nice clothes and one where i can get everyday clothing and household ? . I always keep my balance under 30% of my credit limit...pay it down before my credit score updates its been very inexpensive and i only purchase things i need.
Might get one actual credit card when i hit 700 for a hefty credit line and leave it at that. Having too many cards and spending when u dont need to/impulse spending is what ? ppl over.
I dont have those problems so credit can be used to my advantage not a detriment to finances.
Discipline patience & planning is all it takes.
props @ the bolded
that's the real secret to building wealth
some people just need better practice and discipline with using credit instead of avoiding it altogether
there's a reason why they don't teach personal finance in high school....or even college if u don't select it as a major -
I talk to a lot of people who have no idea how credit really works. They've seen people abuse it repeatedly and associate something negative to it. Good credit is very important and can be a great tool for wealth when u understand how to use it. I have a couple clients pushing towards 800 thru my credit repair business. Both business owners and have a plan on using their credit to obtain more wealth..its inspiring
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Young_Chitlin wrote: »I had to take out a $500 loan earlier today to cover some baby expenses as well as a purchase of a new cell phone. What had happened was that my cell phone prior to this new one fell in the toilet some freak incident. Thankfully in my hard work to obtain debt-free status, I accumulated good credit. Within minutes of applying for a small signature loan of $500, I got approved for it.
I fought back tears at the bank because the 200 photos of my son that I took, are all gone forever. I am included in the statistic of the earlier article I posted due to me having no emergency fund to speak of. So that's why I preach about this debt free stuff. You will never get desperate as I was earlier today if you have your emergency fund completely solidified.
This is one of my relative fears
It's why I take that "pay yourself first" ? to heart
I know my credit is probably ? for it for the moment but I'm betting on myself and put off debts until I felt comfortable with my floor
Being out on my own early helped me see how much of hamster wheel this ? is and I try to play by my own rules as much as possible
Just payed like 600 in fees to get my tags renewed due to tickets and suspensions I put off paying because the thought of having nothing to lean on again makes me more nervous than the risks -
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2stepz_ahead wrote: »tf?
They actually do that, it's crazy -
Young_Chitlin wrote: »2stepz_ahead wrote: »tf?
They actually do that, it's crazy
id be ? as an interviewer -
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LEMZIMUS_RAMSEY wrote: »@Sion can you bookmark the gospel please?
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"The only way that people change their lives is when they finally say... I'VE HAD IT!" - Dave Ramsey
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"You have to tell your money what you want it to do." - Rachel Cruze
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"Living within your means is all about being clear and intentional about how you'll use your money." - Rachel Cruze
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Young_Chitlin wrote: »
WTF and smh. When will people stop funding a system that kills them? -
Young_Chitlin wrote: »
No excuse for not having the loan paid off in two years with the net income. She needs to have a plan and be gazelle intense with the plan -
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Young_Chitlin wrote: »
i think both are right at certain points in a persons life..
you have to find a balance and know who you are and how to apply it.
its a never ending search and balancing game.
nothing is 100% simply because we all live differently and have access to different resources.
what is good for one person may not be good for another.. but their ideas can add value to going further.
never under estimate advice.
when you stop listening and learning..
you stop gaining and growing -
Young_Chitlin wrote: »
these very topics together would make a very interesting thread and help alot of people. -
"Debt enhances my tax returns" can someone explain this? Does it have somethin to do with write offs?
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2stepz_ahead wrote: »Young_Chitlin wrote: »
these very topics together would make a very interesting thread and help alot of people.
Yeah I saw part of Robert Kiyosaki. I took things from it that I still remember. Dave Ramsey is more of save, sacrifice, be sensible. Good advice. Its more rudimentary from what I've seen a lot of it will simply keep someone from financial disaster. Kiyosaki is more bigger money, business, think big type of thing. Its a different, well both of them are different ways to look at money that a lot of people do.
https://youtu.be/3FulfKPl-zA
https://youtu.be/kDWcpZJ99Dk
https://youtu.be/88bCYyLAx3A
https://youtu.be/u_N1FP3dLJg
https://youtu.be/_AZsmNL-k7A
https://youtu.be/PygoKC6gL8Y
https://youtu.be/gh9-NJz_2dU
https://youtu.be/orJKh-tj4mI
https://youtu.be/J4wlE07Hoh8
