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Why Should I Pay Down My Mortgage? 

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10 май 2024

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Комментарии : 404   
@Julian-zc9vm
@Julian-zc9vm 29 дней назад
Dave gives the advice he gives because a lot of people aren’t going to invest their extra cash, they’re going to spend it instead of paying down their mortgage. So it’s a psychological technique because paying down your mortgage is better than telling yourself you’re going to invest money, but then not following through and investing it, or cashing out your investments to buy stupid crap which is a lot of people do.
@saraphillips1038
@saraphillips1038 27 дней назад
Yes!!!
@jacobpierce6153
@jacobpierce6153 23 дня назад
I’ve thought that if we get rid of social security people could just put that into an IRA and end up with way more in retirement than they’d get from SS. Then I realize most people would just spend their old SS withholdings on car payments or something
@JustinCase780
@JustinCase780 29 дней назад
Caller: All good things. Show: Unless it's a trailer home. Caller: It is. Show: You are losing money. Sell it.
@PhuckYoutube-dw7su
@PhuckYoutube-dw7su 29 дней назад
Mines a trailer home and it's been gainin big equity 😂
@ONLY1KUDWE
@ONLY1KUDWE 29 дней назад
I cracked up😂
@kikyamart8749
@kikyamart8749 29 дней назад
A trailer isn't a home, it's a shack on wheels
@TheMarc388
@TheMarc388 29 дней назад
Ramsey is biased since he sells real estate, and mobile homes technically don’t count.
@JustinCase780
@JustinCase780 28 дней назад
@@TheMarc388 They always stick to formula. They tell him thay he should bail now and go rent which will certainly be a higher monthly expense in Orlando. And, according to their logic the place has already lost value but he should dump it? (which may not be true about it's market value in Orlando) but even if so he still needs a place to live which will be more costly. He's 27 with a logical budget. If he could make some more income it would help a ton because he's doing o.k. He sounds ahead of them because he is very aware of his situation but the show just throws out all of it because it's a mobile home. He should do his own thing with that low interest rate and expenses.
@JohnAudioTech
@JohnAudioTech 29 дней назад
In 2007, I paid off my mortgage early. It was the last debt I had. It is hard to put into words the free feeling I have not having any kind of debt hanging over me.
@jacobawojtowicz
@jacobawojtowicz 29 дней назад
Must've been an interesting time to watch half your friends lose their homes
@blackworldtraveler3711
@blackworldtraveler3711 29 дней назад
@@jacobawojtowicz It’s about as interesting as watching the same people living beyond means,buying too big of homes and new cars they can’t truly afford,too many kids,divorce battles,spending money they don’t have,keeping up with Joneses, etc.. I others words as someone who lived within means,avoided debt,saved/invested early and purchased a home I could truly afford it’s really none of my business either way.
@lepoj
@lepoj 29 дней назад
George: You might make money investing or you might not Dave: 12% every year
@daltonbrasier5491
@daltonbrasier5491 29 дней назад
It's crazy how they will say completely contradictory things. Either mutual funds are a smart investment or they aren't.
@TheMarc388
@TheMarc388 29 дней назад
It’s irritating af. All the more so that he doesn’t disclose what he invests in.
@raiden031
@raiden031 28 дней назад
Pay down your mortgage because of risk! Oh btw you can retire taking 8% distributions and will never run out of money.
@neeferpd
@neeferpd 27 дней назад
@@daltonbrasier5491 Correct! When you're 27 who cares when market goes up and down. Dude has 30 years to watch that money grow. Saving a meager 3.25% in mortgage interest won't make up for the compounding time lost. And I hate it when they preach the psychological reasons for debt payment when the caller already sees the math and is passionately driven to put the money to good use.
@minkekj
@minkekj 26 дней назад
Dave has never said that. On average, over the long term, you'll likely average 12% each year. But nowhere has Dave ever said that you'll make 12% every year.
@kara2162
@kara2162 29 дней назад
It's controlling your risk variables to have a paid off house. You will protect yourself from ever being forced to rent again in case SHTF.
@lt2671
@lt2671 29 дней назад
I love how George admitted that mutual funds go up and down but doesn't admit that real estate also fluctuates greatly.
@OrangeSodaTV
@OrangeSodaTV 29 дней назад
It doesn’t matter though. Paid off is paid off. That’s George’s point.
@alinatamashevich3354
@alinatamashevich3354 29 дней назад
Not sure where you live....but it has gone up like a rocket. All of mine is worth way more than when I bought it.
@lt2671
@lt2671 29 дней назад
@@OrangeSodaTV Yeah but until it's paid off, it is the bank's. You could pay 90% off over several years and still loose it in foreclosure along with all that you've payed into it. A 3% fixed mortgage rate over 15 or 30 years with a 3-9% inflation rate and current mortgage rates at 5-8% would be utterly stupid to pay off at an accelerated pace. You could simply put those addition funds into a high yield savings account paying 5+% and make 2% more. BTW, it's not George's point, it's just George regurgitating Dave's worn out old lines and catch phrases.
@funtechu
@funtechu 29 дней назад
It's called deck stacking, and it's necessary to justify the poor financial decision.
@lt2671
@lt2671 29 дней назад
@@alinatamashevich3354 for now. What goes up, must come down. I would take the profits while they last.
@knicholas8768
@knicholas8768 29 дней назад
My in-laws bought a older mobile home on a decently sized lot in FL about 10 years ago. Same home is now worth 4x what they paid for it. So much for going down in value.
@MrTmenzo
@MrTmenzo 29 дней назад
Sure buddy
@shauntelcampos3212
@shauntelcampos3212 29 дней назад
Do they own the land? If so, the land is increasing in value, not the mobile home itself. Many people in mobile homes don’t own the land the home sits on which is why they lose money in the long run.
@kekef3620
@kekef3620 29 дней назад
It's true. Here in FL the mobile homes/manufactured homes are keeping or increasing their value if they are in a desirable area and kept up well.
@Matt-uj9wl
@Matt-uj9wl 27 дней назад
@@kekef3620 perhaps, but the key here is owning the land. especially if it is "improved", sewer or septic, power, internet.
@monikaw1369
@monikaw1369 29 дней назад
Print out the amortization schedule and use a highlighter to mark out the payments made and see the loan go down.
@blackworldtraveler3711
@blackworldtraveler3711 29 дней назад
When I had a mortgage I could go online and see the 30 year dynamic amortization spreadsheet and watch it go down in real time as I pay extra to principal weekly and monthly. It was cool seeing my interest amount drop and payoff date go backwards several days/weeks then months from the original final pay date. Was extremely motivating to pay it down seeing this real time. Paid off 30yr mortgage in nine years regardless of what the bank tried to do to slow me down.
@TheMarc388
@TheMarc388 29 дней назад
I do this constantly. Print out a new one every few months after prepaying several thousand dollars and investing the rest. It’s a great tool to use and an amazing feeling for those that can afford it.
@tsx0013
@tsx0013 29 дней назад
Good thing Jade asked about the moble home.
@EsiriE
@EsiriE 29 дней назад
Right! Lol thank goodness lol
@HOLDXSTEEL
@HOLDXSTEEL 29 дней назад
I’d rather own a cheaper mobile home you can live in at any point just in case vs pay some corporation rent. Either way you’re losing money. May as well own something instead of nothing
@blackworldtraveler3711
@blackworldtraveler3711 29 дней назад
@@HOLDXSTEEL I know too many living in mobile homes debt free with savings,investments,etc. and over $100k/yr. in salary or retirement income. The mobile home value is nothing compared to their total net worth.
@jasonleatherwood2172
@jasonleatherwood2172 28 дней назад
Mobike homes dont loose value if its on a block foundation on its own land now if ya buy one and throw it in a trailer park charging 600$ a month yea they lose value used single wifes are 200k and double wides are like 260 in my low cost of living easy tennessee my house was 280 in 2012 its worth 500 now dumb the next generation is screwed
@Ag83704
@Ag83704 29 дней назад
We paid off our home last year. We're in our 30s. No regrets whatsoever. I wouldn't say it's dumb for people to invest instead of paying off their home, but being debt free is a priceless feeling. All the years of sacrifices were worth it.
@IrisP989
@IrisP989 29 дней назад
Do you have kids?
@blackworldtraveler3711
@blackworldtraveler3711 29 дней назад
Yeah most of us with or without kids,retired or not retired, any adult age, with zero debt and paid off home always smiling and enjoying life.
@Ag83704
@Ag83704 29 дней назад
@@IrisP989 We do have kids. Honestly, I think the fastest way to pay off debt is to stop worrying what others think. We went several years without buying new clothes, buying new furniture, vacationing, etc. We'd rather have internal peace with our financial position than try to convince everyone else that we're wealthy by what they see.
@IrisP989
@IrisP989 29 дней назад
@@Ag83704 I don't exist to prove to people that we have money and spend thousands of dollars in order to catch up and show them that we can be on their level. Our relatives probably think that we are the poorest of the family (even with a 6 figure income like them). I am proud of what we have achieved on one income in a high cost of living area regardless. We are choosing to invest and save instead of paying our low interest rate mortgages. It makes more sense to our family.
@reyon33
@reyon33 28 дней назад
It all depends on your interest rate.. if you have 5% or up, of course paying off the house is better than just investing the money. No mortgage doesn’t mean you are debt free. You still have to pay for your insurance, property tax, HOA fee, home maintenance. Paying off the house early while having a very low interest rate could lose hundreds of thousands in the long run.
@amigam3280
@amigam3280 29 дней назад
I'm a net worth millionaire at age 31. I got there by prioritizing maxing out retirement accounts and investing in index funds in my after-tax brokerage. My home equity is only about 15% of my total assets and it's a 30 year mortgage at 2.8%. If I prioritized paying that off instead of investing, I would not be a net worth millionaire. The focus should be on building compound growth
@daltonowen4907
@daltonowen4907 29 дней назад
Just because it worked for you doesn’t mean it would work for the vast majority of people. Dave preaches a system that works for EVERYONE every single time.
@theringpsychologist715
@theringpsychologist715 29 дней назад
How long have you been investing in retirement?
@amigam3280
@amigam3280 29 дней назад
@@theringpsychologist715 Since I started working at age 24
@kellyhou9594
@kellyhou9594 29 дней назад
But it takes a lot of diligence to invest consistently. Most people just gamble away at stock market. Amazing work by the way!
@ONLY1KUDWE
@ONLY1KUDWE 29 дней назад
​@daltonowen4907 Well said
@AxleLotl
@AxleLotl 28 дней назад
I'm still relatively new to this ramsey YT show. So I don't know her name, but that black lady is absolutely fantastic, this is the 4th video ive seen of her and she seems to have this gift of understanding human nature and being able to convey outcomes with succinct accuracy, what a gift to her team 👌🏼👌🏼👌🏼
@amireallythatgrumpy6508
@amireallythatgrumpy6508 28 дней назад
Jade Warshaw is her name
@AxleLotl
@AxleLotl 28 дней назад
@@amireallythatgrumpy6508 ah, thank you. (:
@rory644
@rory644 27 дней назад
You could just say that lady why say black? If she was white you wouldn’t say that white lady is really good
@djpuplex
@djpuplex 29 дней назад
Enjoy it. Life is short. 43 yo hospice nurse speaking.
@coconutsfor2963
@coconutsfor2963 29 дней назад
The way this country is going- I will be crazy to buy a piece of property with these thieves in government… They will raise property taxes till you lose your house…
@davecopp9356
@davecopp9356 29 дней назад
You are right. The situation is now so bad, that no one actually owns his property or house, because everyone has a monthly or yearly payment in form of property tax and they can take your house away whenever they want with a higher property tax or keep you poor using the property tax as a weapon against home owners. it is basically slavery without calling it that. You pay taxes on your income and you pay taxes on everything you buy with it again and again if it is real estate. The only one profiting from this insane policy is the one who does not care about debt and uses debt as leverage and the interest he can use as tax write offs. Basically the one who plays monopoly gets rewarded with the current laws and the one who don´t goes into debt gets punished. Clown world.
@coconutsfor2963
@coconutsfor2963 29 дней назад
@@davecopp9356 I live off my income portfolio and move every 5 years to a new apartment building that has all the bells and whistles… If I’m gonna be ripped off forever, might as well live in different cities to see the whole country instead of complaining about prices and interest rates🤣🤣🤣 … it works for me
@blackworldtraveler3711
@blackworldtraveler3711 29 дней назад
You will lose. I will just sell if needed. No big deal anyway with $1650/yr. property tax and paid off homes.. There is double homestead exemption and senior freeze in my state. Already sold two of my rentals last year I paid $190k cash for in 2008 quicker than I expected and now have an additional $650k after taxes so no you don’t lose a home you sell it.
@coconutsfor2963
@coconutsfor2963 29 дней назад
@@blackworldtraveler3711 my property taxes were close to 15k a year buddy … I so happy not having to pay that every year 🙌🏽
@thatclutchgaming1059
@thatclutchgaming1059 29 дней назад
You are going to pay whether you own or rent. I choose own personally
@kwaghdoojasmine7549
@kwaghdoojasmine7549 28 дней назад
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
@zainabmuntari3444
@zainabmuntari3444 28 дней назад
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
@ibrahimbasiru7453
@ibrahimbasiru7453 28 дней назад
She is really a good investment advisor. I privileged to attend some of her seminars, that's how I started my crypto investment
@epraimwike1405
@epraimwike1405 28 дней назад
Mrs Sonia Duke is gradually getting the recognition she rightly deserves. She's worked for it and this is only a testament of her good works for families
@abbaabba6210
@abbaabba6210 28 дней назад
Please who is this Mrs Sonia
@abbaabba6210
@abbaabba6210 28 дней назад
Please who is this This sounds so good andI would like to be a party to this, is there any wayl can speak with her?
@scoobie8amg
@scoobie8amg 29 дней назад
Im 36. To retire I will need around $2.5 to $3M. I hate when Ramsey folks make it seem like making it to millionnaire status ($1M) is enough. It wont be.
@wewhoareabouttodiesaluteyo9303
@wewhoareabouttodiesaluteyo9303 29 дней назад
No...that is his guarantee. Then if you make it to $1M you are on your own as to how to survive. Haha.
@noahrose1able
@noahrose1able 29 дней назад
Better start saving buddy boyyyyyyy.
@Music-yq8qc
@Music-yq8qc 29 дней назад
Not true. You don't need 3 million to retire. Once your home is paid off, you don't need a lot to live. Again, it depends on your lifestyle, I guess
@myrohitc100
@myrohitc100 29 дней назад
Lol... 100,000 dollars can make me retire happily in other parts of this world
@ah92vi
@ah92vi 29 дней назад
​@@Music-yq8qcit's not about lifestyle, it's location and your family. Yes once your house is paid off that's a huge burden that's relieved, but just on the home front you're still factoring in repairs, improvements, and utilities/taxes. That's before talking about your vehicle, groceries, entertainment/travel (because what's the point of financial freedom if you can't enjoy that freedom), and the other life things that come up. 1mil net worth with your house paid off in say the DC area or Charlotte means you likely have not enough invested to live off of, so yes 2-3mil net worth is probably what the average family needs nowadays
@5280Roadrunner
@5280Roadrunner 29 дней назад
Can’t replace stress less life. No amount of intrastate can replace that.
@brianweston83
@brianweston83 25 дней назад
Also remember life can change, imagine being 40 with no Mortgage or even 45, the options this gives you, invest, give, change your job to something less stressful, go traveling. Freedom.
@jasonleatherwood2172
@jasonleatherwood2172 29 дней назад
Idk mobile homes in my area are not going down if its on land if in a trailer park yes but not on land
@knicholas8768
@knicholas8768 29 дней назад
Same here. In my area a mobile home on a foundation with it’s own land sells for about as much as a standard home of the same size.
@saltysaty8686
@saltysaty8686 28 дней назад
Inflation and the influx of people needing housing etc. Moble home do not appreciate at the same rate as a solid house and after 30 years it will not be equivilently worth what a 30 year old house is.
@jasonleatherwood2172
@jasonleatherwood2172 28 дней назад
@@saltysaty8686 with 2-3 million illegals coming in every year 3-4 bedroom mobile homes be worth more than stick built home just fixed a stove at a rental property had 16 illegals living in a 4 bedroom trailer thats living on rice and beans at its finest
@JakeTheSnake500
@JakeTheSnake500 28 дней назад
I own a mobile home in CA where you own the land (no space rent) but pay a hoa of $210 that covers free golf on an 18 hole, and a 9 hole course. I used to live in a condo, so I'm not used to all of the yard work and repairs, but overall, I'm happy with the investment. Prices have been steadily increasing but probably not at the same rate as conventional homes.
@swesr
@swesr 27 дней назад
I bought a manufactured home in a park with space rent 3 years ago when we really needed a place. We bought ours for 90K and it is estimated to be worth 140 right now. 2 units in the same park just sold within the couple months. 1st place ... Sold Aug 2018 for 80 and sold Mar 24 for 175K. 2nd place ... Sold Nov 2011 for 22 grand just sold for 200 even i get that they are not as good as regular homes when it comes to value. but i have been looking at solds at tons of mobile communities around and it is hard to find any people taking an L The hate is real... eww a trailer park... its just a tiny home lol and those are all the hype right now The best part. Our home and space rent combined is cheaper then a 2 bed one bath apartment around here in mid AF areas. I felt odd when we bought this place with all the negativity. But here i am 3 years later enjoying my cheap tiny home knowing i could get around 140 and am a few projects away from getting close to 200,000
@MathiasJarlson
@MathiasJarlson 28 дней назад
You are not paying $180 a month in insurance and taxes in Florida.
@Fred2-123
@Fred2-123 29 дней назад
$500 a month invested in a market index fund (SPY or VTI) starting in Jan 2000 to May 2024 ends up with $616,000. That time period has 3 (THREE!) bear markets -- the 2000 tech bust, the 2008 financial bust, and the 2022 bear market. $616,000
@scottrowsey292
@scottrowsey292 27 дней назад
4:57 I love things George says then your house is going down in value which he’s not wrong about but it’s the way George says things seriously.
@Jan-ip3rk
@Jan-ip3rk 25 дней назад
If you want to tie up so much of your cash to the house then what happens in an emergency situation and you need the cash? It’s all about liquidity and flexibility. It would be easier to sell your investments from a brokerage account than sell your house.
@DEM78976
@DEM78976 26 дней назад
I’d definitely invest the difference with a rate under 4%.
@raiden031
@raiden031 28 дней назад
There are tradeoffs to both strategies, but the lower the mortgage rate, the less it makes sense to pay down the mortgage mathematically. As long as i have my 2.625% rate and several months of funds not invested in the stock market, it makes zero mathematical sense to pay any of that down beyond the minimum.
@user-tl7mj2bm4m
@user-tl7mj2bm4m 26 дней назад
At 2.625%....even I would HAVE a damn hard time wanting to pay it off.....when you can get more in a mutual fund.
@scrappychildhood6633
@scrappychildhood6633 29 дней назад
Well I'm hybrid Wage Slave Plan on using Fivver going with Cheapest Thing first MLA Style books. Turn college papers into books.
@Thurgor_Supreme
@Thurgor_Supreme 28 дней назад
I bought an 800 sq ft house with cash after I got out of the Navy. Then I started investing like crazy. My to-be wife was also investing, but still had a mortgage. We got married and bought a house, but the combining finances thing came later. Now we're stuck in an "arbitrage" situation. $600k in non-retirement mutual funds and a $300k mortgage @ 2.6% interest. We could pay off our mortgage by the end of the week, but the math in doing so doesn't make a lick of sense to us.
@igot5onit423
@igot5onit423 20 дней назад
2.6 is wild. I guess it's only about peace of mind at this point. But Realistically you're very well off🙏
@sultanniazi2394
@sultanniazi2394 29 дней назад
Each person owns home in the east. Always own ur home. Always. Life can change but always own ur home.
@reyon33
@reyon33 28 дней назад
In this country, you never truly own your home. There is a thing called property tax.
@Big-Government-Is-The-Problem
@Big-Government-Is-The-Problem 29 дней назад
i dont get why they hate on mobile/manufactured homes so much. a brick house doesnt go up in value either, its the land which is finite that goes up in value. that being said, if its a mobile home on crap land its not great. if you can find some premium farm/homestead land and put a mobile home on it for 1/3rd the cost of a normal home, thats not a bad idea and ive seen plenty of people do that. if you plan on it being your forever home the resale price is irrelevant.
@BrianNC81
@BrianNC81 29 дней назад
Have a goal of no mortgage but in an odd spot. 10 year fixed mortgage below 2% that will be paid off in just under 6 years making minimum payments (cut off 2 years paying extra on the front end). 2 years after we did the 10 year refi at that 1.8% rate, savings rates soared up above 4%. Instead of paying our extra payments to the mortgage directly now, stacking it in a savings account earmarked for mortgage payoff when savings rates drop. I feel like this will get us to the goal slightly faster. Is there anything wrong with having the cash to pay the house off in an fdic insured hysa but leaving it sit for now? Even after paying income taxes on savings interest, earning more on the savings than mortgage interest. Monthly payment is a small % of income so even with the mortgage, can still max two 401ks and 2 roth IRA's.
@wewhoareabouttodiesaluteyo9303
@wewhoareabouttodiesaluteyo9303 29 дней назад
Honestly, I would just pay off the mortgage, UNLESS you have a wife. I would just hate having the mortgage payments be something I always have to pay, unless I did not have the money to pay it in full.
@ingvar1996
@ingvar1996 29 дней назад
You are doing it right
@aolvaar8792
@aolvaar8792 29 дней назад
My mortgage is $214/mo. We just live.
@Tone.E
@Tone.E 29 дней назад
I had student loans and wanted them out asap. A mortgage is no different. Get rid of it.
@Fred2-123
@Fred2-123 29 дней назад
He still owes $107,000. Just how long is it going to take to pay it off by just adding another $500 a month? 10 years? 15 years? Invested in a broad market index fund, $500/month will grow to $100,000 in 10 years. Or $200,000 in 15 years.
@raiden031
@raiden031 28 дней назад
People should get in the habit of investing for the future in index funds and never touching it. Getting that habit established will set them up for a nice nest egg in retirement. When someone focuses on paying off their mortgage, they may never get around to investing and may end up with lifestyle creep once their house is paid off.
@luisvigo3777
@luisvigo3777 29 дней назад
A lot of people say they’ll invest a difference, but they don’t. Or never will. Those people should just pay off. If you have a brain then invest.
@Thurgor_Supreme
@Thurgor_Supreme 28 дней назад
I suppose the trick is to select a fixed amount to automatically invest each month and to not touch it unless you plan on raising the amount. Kinda builds a discipline in your head, like "that part of my income stream doesn't belong to stupid crap spending"
@aolvaar8792
@aolvaar8792 29 дней назад
That feels real low? $700/yr county tax + $900/yr insurance = $133/mo on my ~$500K block home
@danmiser9974
@danmiser9974 29 дней назад
I did the math for myself. Pay off then invest or stretch it out. The difference at the end of 15 years was small and within the margin of error for sure. Yeah I'd have a higher net worth if all goes perfectly but it never does...
@ericnewman6523
@ericnewman6523 29 дней назад
That’s a lie.. your math is wayyyyy off!
@Fred2-123
@Fred2-123 29 дней назад
He should invest it. As he said, in a good market index fund. SPY or VOO. Sure in the short term it moves down and up. So what? He is investing for 30-40 years. I don't know what the market will do in the next 12 months, but I do know what it will do in the next 30 years.
@kortyEdna825
@kortyEdna825 День назад
Rates on 30-year mortgages subtracted 8 basis points Friday, lowering the average to 8.33%. On Monday and Tuesday, the flagship average had bolted more than a third of a % point higher to set a new 23-year high of 8.45%. Do I just keep waiting for a housing crash with my $2 million in liquid assets or shift my attention to the equity market
@Pamela.jess.245
@Pamela.jess.245 День назад
after studying the trajectory of great assets like real estate dividend paying stocks and gold, my conclusion is to buy and invest in what you can afford today! working with a financial advisor can certainly help
@carssimplified2195
@carssimplified2195 День назад
Agreed, instead of panic or following a hearsay, I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of $650k after subsequent investments.
@PatrickFitzgerald-cx6io
@PatrickFitzgerald-cx6io День назад
nice! once you hit a big milestone, the next comes easier.. who is your advisr please, if you dont mind me asking?
@carssimplified2195
@carssimplified2195 День назад
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@PatrickFitzgerald-cx6io
@PatrickFitzgerald-cx6io День назад
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
@roxanneslate8661
@roxanneslate8661 27 дней назад
I've stopped overpaying my mortgage. My interest rate is 2.19% so I've started putting the overpayment into a savings account paying 4.95%. I'm in England so it's only fixed until April 2027 when i intend to pay it all off.
@markg999
@markg999 29 дней назад
Paid off ours early a 5% rate I beleive. Dont regrret one bit. Debt free and able to save and invest alot. Yea I might have had more if i didnt pay off as early but its not a huge difference...the peace of mind is nicer to me.
@reyon33
@reyon33 28 дней назад
It all depends on your mortgage rate. I have 2% APR. why in the world would I paid off my house early while I can easily make 5-10% on a simple SP500 index. I know Dave is going to say they done the largest millionaires research blah blah blah. I am an engineer. I do research for living. What he didn’t tell you is what are their house interest rate. Back in the 80s, mortgages rate was as high as 18%. Of course you are going to pay that off as quickly as possible. But with 2%, it is like free money. Dave doesn’t like debt. One time he said in the air that he will reject a 10 years interest free 1 billion dollar loan. That is just straight up insane.
@raiden031
@raiden031 28 дней назад
This is what you get when your financial advice was established at a specific snapshot in time and never adjusted to the way things have changed
@bigcahuna42366
@bigcahuna42366 29 дней назад
The way I see it, owning a mobile home is really not owning real estate. Also, I would never buy a mobile home in Florida because they are more prone to substantial hurricane damage than regular well built houses affixed to the land.
@RetroGamer20109
@RetroGamer20109 28 дней назад
Some people buy lots and just don't build on it and live in a mobile home. It sounds like this was his real scenario. He said the land was worth like 225k. It may be a better investment to build. It also could be that the mobile home is only worth $225k. It wasn't very clear.
@davidstatz9087
@davidstatz9087 25 дней назад
Where can I get a 2.5-3.2% loan? 6.5% with a 780 credit score and with no dept is the best I can get.
@Azel247
@Azel247 28 дней назад
Why are people OK with buying bonds but not paying off a mortgage? Getting a guaranteed return on a mortgage is like locking in a bond at that interest rate for however long the mortgage is.
@viktorivakhno2244
@viktorivakhno2244 29 дней назад
Does some one expet to get answer "do not pay off debt" on this channel?#
@Bestfriend-650
@Bestfriend-650 29 дней назад
There is nothing wrong with investing to get more return. For me i would rather have piece of mind that mortgage is paid off but to each their own
@bobsmiley06
@bobsmiley06 27 дней назад
They don’t want to admit it, but he’s right. His mortgage is so low he’ll make more investing that money for decades.
@Maverick13233
@Maverick13233 29 дней назад
The newer Mobile homes do appreciate in value now. A family member bought one for around $40,000 and recently sold it for $160,000!
@rare2find0918
@rare2find0918 29 дней назад
If you own a mobile home...DO NOT CALL THIS SHOW. They will ALWAYS tell you to sell it....even if there's no or low payments on it. Stay in your mobile home and invest your money! Move to a 'sticks and bricks ' when and IF you choose to! A mobile home is a HOME.
@kikyamart8749
@kikyamart8749 29 дней назад
yeah, keep it until it falls apart and has no value... that's the smart play...
@user-yk2zb6nm7o
@user-yk2zb6nm7o 29 дней назад
@@kikyamart8749 You must one of those snobs that think a mobile home is a rundown trailer from the 70's. Manufactured homes are built to the same standards and with the same materials as site built homes now. These homes are also appreciating in value.
@aolvaar8792
@aolvaar8792 29 дней назад
@@kikyamart8749 Go and look at a Modular Home, meets or exceeds State standards for Site built. Laser cut, robotically screwed, multiple inspections. In my City, you can buy a City Lot with all connections for ~$25K, (sewer, gas, water, electric)
@amireallythatgrumpy6508
@amireallythatgrumpy6508 28 дней назад
So is the underside of a bridge.
@daltonowen4907
@daltonowen4907 28 дней назад
Building wealth is a LONG term game. Too many people want to get rich now, and they pay a lot of stupid tax along the way. Pay off your house as soon as possible.
@myownboss1
@myownboss1 29 дней назад
I’m in the camp with those who paid off house instead of investing!!! I paid off house in 2021 and plan to retire next year (I’m 56). Nothing like having a house that no one can take away, raise rent on or sell from beneath you, etc…. Like Dave says, any debt is risk. What if you get sick, divorced, lose job, etc, and can’t make your 2% mortgage payment?!? I made extra payments and sold investment to pay off house. Since then, I use the former mortgage payments to buy stocks, CDs, and a tiny bit of Bitcoin just because. PAY OFF YOUR HOUSE PEOPLE ‼️‼️‼️🙏🏾🙏🏾🙂
@lepoj
@lepoj 29 дней назад
That's what an emergency fund is for?
@raiden031
@raiden031 28 дней назад
Property taxes and HOA fees can cause you to lose your house if you don't pay them. Both of those can also go up dramatically
@jimmymcgill6778
@jimmymcgill6778 29 дней назад
Invest it. In the long run, through compounding, he will make more. $700 go towards interest, seems too high.
@xsgtxbigboy1655
@xsgtxbigboy1655 29 дней назад
No he said 700 going to the house the rest is taxes and stuff
@xsgtxbigboy1655
@xsgtxbigboy1655 29 дней назад
H
@thedopplereffect00
@thedopplereffect00 28 дней назад
The difference between a money market fund and a mortgage can easily be $5,000 to $10,000 difference every year. You are literally giving the banks free money by paying low interest loans early.
@lkj0822g
@lkj0822g 29 дней назад
Ramsey folks: "You're also speculating that your investment will make more (than 3.25%)." Also Ramsey folks, hundreds of times: "The market has returned an average of 11% for the past 75 years." So which is it Ramsey? Reminds me of the old punch line: "You gonna believe me or your lyin' eyes?"
@kvgolfa
@kvgolfa 29 дней назад
Yeah they have to do a lot of mental gymnastics in order to give the same mediocre advice to everyone
@restandrelaxation4039
@restandrelaxation4039 29 дней назад
Paying off the mortgage is about peace of mind. You should also be investing.
@pdxmusl1510
@pdxmusl1510 29 дней назад
​@restandrelaxation4039 Correct. And there is value in that. But they act like the bank is going to call in that debt on everyone at some point in a 30 year mortgage. No.. thats not realistic.
@alinatamashevich3354
@alinatamashevich3354 29 дней назад
@@kvgolfa Wrong.
@alinatamashevich3354
@alinatamashevich3354 29 дней назад
The historical facts are not up for debate. The return is over 11%. However lets say it only makes 3.25% for 6 months, your going nowhere. People with ZERO debt make that 3.25%. People in DEBT do not. Simple
@itguru2037
@itguru2037 25 дней назад
My mortgage is 3 percent I’m not paying it down because I invest in the s&p 500 and earn 10 percent plus my employer matches up to six percent dollar for dollar
@igot5onit423
@igot5onit423 20 дней назад
Mine is 3.. 6 is really nice keep investing 👏🏿
@tylersanders2388
@tylersanders2388 29 дней назад
His house is at its “max equity”????? A house is at its max equity when it’s paid off and you aren’t paying interest to the bank. The simple fact is: the house interest payment will never change and investments can lose money. Pay it off with the left over money after investing the 15% into retirement Edit: this guy threw a freaking wrench into the equation. What the hell is he doing living in a mobile home making 65k a year
@kenyarichardson3273
@kenyarichardson3273 25 дней назад
Why can't he do both? Invest in a stock that is tied to sp500. Even though he is in a mobile home, what if he owns the land? The land is probably more valuable than a mobile home. Depending on where he lives in Orlando he might be able sell the mobile and keep the land and build him a house.
@kayn2756
@kayn2756 29 дней назад
In what planet is tax and insurance less than 200???
@alinatamashevich3354
@alinatamashevich3354 29 дней назад
The value is almost zero, so nothing to insure.
@aolvaar8792
@aolvaar8792 29 дней назад
$700/yr county tax + $900/yr insurance = $133/mo on my ~$500K block home The City does not have primary residence tax. I have to add that to my $214/mo mortgage.
@glennharris3357
@glennharris3357 26 дней назад
Couldn't he take advantage of the 5% high yield FDIC insured, savings accounts out there right now? That would get him a 1.75% return on investment and the ability to write off his mortgage interest every year right? Maybe he could do that until the High Yield Savings account rates drop. Not sure if that's worth it as opposed to having peace of mind, but I think it may make mathematical sense.
@John-jn7pq
@John-jn7pq 27 дней назад
Ramsey Crew: the market goes up and down, you're speculating that you can earn more than the 3.25% mortgage rate Also Ramsey Crew: the market returns 12% every year, you can literally withdraw 8% indefinitely!
@itguru2037
@itguru2037 25 дней назад
Chase keep investing your not going to stay in that house. Mortgage is so low
@raiden031
@raiden031 28 дней назад
Owning a mobile home may not be a great investment but its still better than renting
@ericnewman6523
@ericnewman6523 29 дней назад
If you had 105k in the S&P 500 returning 10% a year and you had a mortgage balance of 105k that cost 3% a year you would be foolish to take the Dave Ramsey advice!
@Thurgor_Supreme
@Thurgor_Supreme 28 дней назад
...until you get laid off and the market takes a dive (usually happens at the same time). Better hope that emergency fund was good enough
@ericnewman6523
@ericnewman6523 28 дней назад
@@Thurgor_Supreme for one.. I have never been laid off in my life. For two.. you have the money to pay off the house!! Just because you get laid off doesn’t mean you lose the 105k making 10% interest in the S&P. People like you don’t understand how money works lol
@Thurgor_Supreme
@Thurgor_Supreme 28 дней назад
@@ericnewman6523 "when the market takes a dive" you're going to cash out and realize the losses? All so you can keep up with this silly arbitrage game?
@ericnewman6523
@ericnewman6523 28 дней назад
@@Thurgor_Supreme the market.. over time ALWAYS goes up! If not then the entire global economy falls
@Thurgor_Supreme
@Thurgor_Supreme 28 дней назад
@@ericnewman6523 The market doesn't revolve around your personal income stream knucklehead. You're playing a foolish game for very minimal arbitrage points
@russlea6383
@russlea6383 29 дней назад
A quarter mil for a mo-ho?
@Cleo-ix2kd
@Cleo-ix2kd 26 дней назад
I love these mobile home stories.. “Get out of the mobile home so you can build wealth” The next one who buys it “get out of that mobile home so you can build wealth” haha Someone is gonna be left with that mobile home 😂
@cashcow4383
@cashcow4383 28 дней назад
To the caller sell your house now . Get the heck out of it. dump it.
@bun-n-cheese1290
@bun-n-cheese1290 28 дней назад
All the people quoting APRs and APYs but not understanding how they work in this comment section is amusing but also a little scary🤣
@benzmane7564
@benzmane7564 29 дней назад
The dude's problem is he's starting his sentences off with "Well, I feel like..."
@funtechu
@funtechu 29 дней назад
Savings accounts are paying more than 3.25% right now after taxes. Anything else that George is saying is just smoke and mirrors distracting from the fact that choosing to pay off the mortgage instead of investing is the suboptimal financial decision.
@user-yk2zb6nm7o
@user-yk2zb6nm7o 29 дней назад
So they think the smart move is for this guy to sell a home that he only owes 100k on and then either buy a house for 300k minimum if you can find a nice one that cheap or rent for twice the monthly payment?
@J-wu8sc
@J-wu8sc 29 дней назад
Yeah this dude is in a good situation, mobile home so what, I’ve seen them go up in value. Maybe not where they live, but in places like Florida with high demand you bet ya.
@upstatetractorworks6438
@upstatetractorworks6438 28 дней назад
i live in a 1986 mobile home and have several million in the bank this advice is bull...
@FTG2Eli
@FTG2Eli 29 дней назад
Mobile home on your own land................sweet.
@jimmymcgill6778
@jimmymcgill6778 29 дней назад
Why do these people have a problem with someone living in a mobile home? He does not need to sell the house. He paying $800 a month, on 107k left. He will not find a house for that cheap. So what what it is worth years later.
@blackworldtraveler3711
@blackworldtraveler3711 29 дней назад
I don’t get it either. Enjoyment overrides worth. I know many living in mobile homes in nice areas or their own property.. They are debt free with no financial issues. Have their nice cars and golf carts. They have nice pensions,savings, investments,passive income,etc.. Some are millionaire next door types. Especially in Florida where they love being close to the water. If a hurricane damage or flood it they restore or just buy another with cash like my coworker friend did after the last storm. Some are second homes for snow birds as well.
@tomr6558
@tomr6558 29 дней назад
At the end of the you might make some money, you might not in a good quality mutual fund for 40 yrs. Wow.
@qrcodeguy5669
@qrcodeguy5669 29 дней назад
George bullied me in high school. Called me a brokie and ugly
@MKULTRARANGER
@MKULTRARANGER 29 дней назад
What a meanie
@amireallythatgrumpy6508
@amireallythatgrumpy6508 29 дней назад
He had a point.
@ernestogalvan143
@ernestogalvan143 29 дней назад
He probably has a cheap/starter home. Easy to pay off
@snomass1
@snomass1 27 дней назад
His escrow is low. He lives in a tiny home 🤔
@beaniemac
@beaniemac 29 дней назад
My mortgage is at 3%, there's no point in paying it off early. These folks refuse to acknowledge you're getting better return on investment by not paying it off early.
@burner2235
@burner2235 29 дней назад
Not the point they’re making
@kikyamart8749
@kikyamart8749 29 дней назад
You refuse to acknowledge that 100% of foreclosures happen to people with a mortgage...
@lt2671
@lt2671 29 дней назад
That's not true. If you don't pay taxes they can take your property also.
@lt2671
@lt2671 29 дней назад
Ramsey gives horrible advise on this all the time. This is the same guy that tells people to buy real estate in a wildly inflated market. He has been wrong so much over the years and people just let him get away with it because he has cute little phrases. Dave Ramsey was born into wealth and privilege and just acts like everyone has the same ability because he went "broke" and started from nothing supposedly. That is just his feel good lie, I'm just like you and if you buy my crap, you too can be wealthy. All BS.
@IrisP989
@IrisP989 29 дней назад
That’s probably because they have no emergency fund. We were able to pay our mortgage during Covid for two months using our emergency fund when my husband, the only income earner in our family was laid off. Actually, we paid two mortgages for one month at that time while we were looking for a tenant for our rental.
@emoney1231
@emoney1231 27 дней назад
Caller: I've done the math. Ramsey team: But have you tried ignoring the math?
@leonkennedy3398
@leonkennedy3398 29 дней назад
My mortgage is at a 2.5%... be foolish to pay it off early when i can invest that money instead and get a far better return (which is what im doing)
@wewhoareabouttodiesaluteyo9303
@wewhoareabouttodiesaluteyo9303 29 дней назад
Not really. If you pay it off, you will never have to worry about that payment. If you pay it off and then save what you make, you would make full advantage of the interest in your favor.
@stewarthoi
@stewarthoi 29 дней назад
Exactly. Ramsey and his crew keep telling people how good it feels to have mortgage paid off, but making wise financial decisions is not about emotions, it is just cold hard math. They need to give a better reason for paying off mortgage when mathematically it does not make sense; otherwise, it would be no different from instant gratification. And when they get pushed, they would employ the appeal to authority fallacy: "I'm a multi-millionaire", "I became a millionaire when I was 25", etc.
@kurtco7
@kurtco7 29 дней назад
​@@stewarthoi Building wealth is mostly psychological. Math helps yes, but it's not everything. It may be an appeal to authority, but they have actually done it. What's your net worth by the way?
@Emerica771
@Emerica771 29 дней назад
@@stewarthoithe reason for paying off the mortgage first is due to the unexpected. Say you lose your job, your souse passes away, child gets sick, etc. Something that requires a large amount of money and focus would be easier to fully embrace without having a monthly mortgage payment. Mathematically you are correct, though.
@edd06001
@edd06001 29 дней назад
The major incentive of paying off a mortgage early at a low interest rate is the ability to free up cash flow. But outside of that, the home will appreciate and you can invest in something that returns at least triple the net interest.
@Thurgor_Supreme
@Thurgor_Supreme 28 дней назад
This dude is on the back end of the baby steps and they're telling him to rack up a mountain of mortgage debt because they don't like mobile homes?? Yeah, sometimes I don't listen to these clowns...
@markJones38133
@markJones38133 28 дней назад
Everyone path in life is theirs to make, why is it y’all always mention what some other millionaire didn’t do to make his money ? It does not matter how one of those 10K millionaire made their money, everyone path is different. What work fir those people is good for them, not everyone want to be a millionaire and not everyone want build generational wealth, so people just want live their OWN life without someone tell them to have to eat beans and rice until you get 45 or 60 yrs and then you can enjoy your life then. A lot of people ain’t going to be alive IG their 50s or 60s, which mean they would have miss out a lot of enjoyable things in their life while trying to be a millionaire.
@user-vk9nn7cs9b
@user-vk9nn7cs9b 29 дней назад
AVP 👽 ... to see 🙈 if I'll go to trial / ... because ,l/ mine should take at least 3,...or more years / to start / so .../ .. it'll take 6mounts. To send my "plea / and no / no "mason discount / / why would i use it here / ...yep , spemding money on phomrs computers ,... and mee cars/ and i won't see 🙈 it / .... for 3 or more years /
@rambleonfinance
@rambleonfinance 29 дней назад
So many dorks in comments don't understand amitorization and think their investments are beating the interest they are paying. The bank thanks you for the donations.
@cecilia2001
@cecilia2001 29 дней назад
I'm one of the dorks you're talking about, except I'm also a mathematician and actuary, so I know how amortization works. At an interest rate as low as the caller's, paying the minimum payments to the bank and investing the rest is the best way to do it mathematically
@GAFB1122
@GAFB1122 29 дней назад
​@cecilia2001 lol that's funny because Dave has ADMITTED on many occasions that his program is more behavioral based and will sometimes violate mathematically principles. Regular people i.e. non mathematicians live their life more by feelings and behavior than logic and math hence Dave's program!
@15KHPCLUB
@15KHPCLUB 29 дней назад
Lmao only dork here is you as I make more in a day than you do in a year 😂
@cecilia2001
@cecilia2001 29 дней назад
@@GAFB1122 Absolutely! Though my comment was in response to the guy saying people don't understand amortization (I do) and think their investments will beat the interest they are paying (they do in cases like this caller's). No comment on Dave's advice, which I agree is based on emotions
@jasonrodgers9063
@jasonrodgers9063 28 дней назад
It's even EASIER for your home to be repossessed when it's sitting on WHEELS! !!!
@lsgsrob2102
@lsgsrob2102 28 дней назад
“To a lender that can take away your home” Lets not forget that even when you to pay off your mortgage, you still have a lifetime “mortgage” via insurance and property taxes that you have to pay. The government can just as easily take your home just like the lender. Just because you pay off your mortgage, doesn’t mean you don’t have to continue making a monthly payment just to keep your house. Yes, it’s exponentially lower but at the end of the day, you don’t 100% own your home outright after that mortgage is paid off. We don’t really “own” anything, we just have the luxury of calling it ours while still paying “rent” to the government.
@GAFB1122
@GAFB1122 29 дней назад
There will be a lot in this comment section that will talk only numbers, to them I say. ​Dave has ADMITTED on many occasions that his program is more behavioral based and will sometimes violate mathematical principles. Regular people, i.e., non mathematicians, live their life more by feelings and behavior THAN logic and math, hence Dave's program! If his program doesn't work for you, find one that does. (or stay here and constantly comment negatively. talking to you JimmyMcgillis, lol) Heck, even me, I dont follow Dave's program to the letter, but I do FUNDAMENTALLY agree with Dave's program of limiting or eliminating debt. A debtor is a slave to the lender. That is how I try and live. If you disagree, then do it your way and go in peace!
@alinatamashevich3354
@alinatamashevich3354 29 дней назад
Exactly, why make others rich? So stupid
@Aki_Lesbrinco
@Aki_Lesbrinco 28 дней назад
Yeah, and this here is the reason Dave's advice sucks. Math is math. If you do the right math, you'll increase your chances of doing well. If you take advice based on "feelings" you'll just be leaving everything to chance.
@GAFB1122
@GAFB1122 28 дней назад
@Aki_Lesbrinco LOL Your comment is ridiculous and belies reality!! As I told another, the vast majority don't follow math and logic. That's reality whether you like it or not. And hence why Dave's program is useful. But hey, pretend all you want that people are actually logical and follow math.
@GAFB1122
@GAFB1122 28 дней назад
@Aki_Lesbrinco People NEED Dave's simple behavioral based program even if you don't. Hope you get that. If you don't, I can't help you.
@alinatamashevich3354
@alinatamashevich3354 28 дней назад
@@GAFB1122 Well said!
@mylesharold9065
@mylesharold9065 8 дней назад
This comment is going to get buried. people keep saying that the taxes seem really low. He probably has a small plot of land. Mobile homes don’t hold value that is why it sounds so extremely low.
@kylerowland1227
@kylerowland1227 29 дней назад
Not first
@wewhoareabouttodiesaluteyo9303
@wewhoareabouttodiesaluteyo9303 29 дней назад
Congrats, you were.
@ChrisChaChing
@ChrisChaChing 29 дней назад
Not third
@Fred2-123
@Fred2-123 29 дней назад
Until the home is COMPLETELY paid off, the bank will still foreclose if you miss payments. No matter how much extra you paid. Keep the money out of the house until you can pay it off completely with one huge check.
@kikyamart8749
@kikyamart8749 29 дней назад
That's a stupid strategy, to pay more interest...
@Fred2-123
@Fred2-123 28 дней назад
@@kikyamart8749 Not a stupid strategy. A risk-avoidance strategy. Sure, you might pay more interest. Or not, depending on the difference in interest rates of the mortgage vs. the savings account. But if something bad happens and you get foreclosed, the bank will not take your savings account, but they WILL KEEP the principal you paid on the mortgage. Also, if you lose your job you can continue to make the mortgage payments from the savings account. But the bank will not let you skip payments just because you made extra principal payments.
@amireallythatgrumpy6508
@amireallythatgrumpy6508 28 дней назад
So don't miss payments. Duh!
@Fred2-123
@Fred2-123 28 дней назад
@@amireallythatgrumpy6508 Stuff happens. All it takes is one unlicensed drunk driver running a red light. As happened to my neighbor 3 houses down the street. Do you think that people PURPOSELY miss their mortgage payments and PURPOSELY get foreclosed?
@amireallythatgrumpy6508
@amireallythatgrumpy6508 28 дней назад
@@Fred2-123 No it does NOT take that. We have much more control than you believe. You're the type of person that looks for excuses instead of admitting such a screw up is your own fault for being unprepared and disorganised.
@juliesayerworship
@juliesayerworship 29 дней назад
🩷 your hot pink, Jade!
@AdamGbl95
@AdamGbl95 29 дней назад
Paying off the mortgage is the slowest path to wealth and retirement. Leveraging real estate the right way can lead to paying off the mortgages sooner and retiring early. If you can earn 25% on each home, why in earth would you pay off your mortgage at 3.5% for the rest of your life. The stock market will never pay your enough to retire comfortably, especially considering where inflation and cost of living will be by then.
@jakeandsarahhealthnuts3299
@jakeandsarahhealthnuts3299 29 дней назад
I agree with you
@alinatamashevich3354
@alinatamashevich3354 29 дней назад
Another debt head, broke joke mentality. Leverage? You mean DEBT ! So you want to work the rest of your life making a banker rich? Go for it!
@612doteth
@612doteth 27 дней назад
Dave Ramsey is the Kmart of financial advising.
@pdxmusl1510
@pdxmusl1510 29 дней назад
Its not a math equation? Ugh. This is why i see your team as entertainment and not informational. It IS litterly a math equation. You need to do a break even analyst. Now i do agree that paying off the house should be a priority. And yes there is value in that feeling. Im not saying there isn't. But you need to balance how you feel with the reality of the situation. Paying of early can either catapult your investments. Or it can financially devistate you. Or it could be a wash. And a lot of this is dictated by time. Its called making an informed decision. Not just telling everyone the same speech because of a survey that is corelation and not causeation. My current situation. Its completely break even. Within enough error range where its pretty impossible to tell which direction this goes. Its because im already saving 50% or more of my income. Putting an extra 800 or whatever on there increases my savings only enough to make up what i would have lost by not investing early. Ive chosen a hybrid approach. My house will be paid for by the time i retire if not sooner. But im investing. Because i feel better about having time i can make a mistake. Than having a shorter window and not being able to weathe a mistake. Its math AND feelings. Not one or the other.
@GAFB1122
@GAFB1122 29 дней назад
I chuckle at comments like yours. If everyone was you then Dave would be out of business. Do you get what I'm saying? Dave is in business and will always have a place in society because most people don't even know what a breakeven analysis and amortization schedule is. They need hand held, and they need simple paths forward, and that is what Dave provides. See I know money but I know nothing about auto mechanics. When the topic is money, I do not need hand held or simplicity but if the topic is auto mechanics I do need more hand holding and simplicity. See how that works!
@alinatamashevich3354
@alinatamashevich3354 29 дней назад
Nope, it is only 20% math, the rest is behavior. If it were math, no one would be broke.
@aarongentry7441
@aarongentry7441 29 дней назад
Not fourth
@rambleonfinance
@rambleonfinance 29 дней назад
If you can't pay off your mortgage you don't have the cash flow to invest properly quit kidding yourself.
@IRLSuperb
@IRLSuperb 29 дней назад
A $800 payment on 70k a year is very easy to continue to do. Most rent is 3 times that. So I disagree with you based on HIS specific situation
@heyitismyusername
@heyitismyusername 29 дней назад
Not second
@raymond_sycamore
@raymond_sycamore 29 дней назад
These charlatans sell an evangelical feel good message that's all lies.
@Thenagymom
@Thenagymom 29 дней назад
Ummmmm why listen if you think this way?
@raymond_sycamore
@raymond_sycamore 29 дней назад
@@Thenagymom this is the ONLY retort you NPC troglodytes have anymore... you know nothing
@kurtco7
@kurtco7 29 дней назад
Oh yeah! Charlatans, their stuff doesn't work. What's your net worth by the way?
@amireallythatgrumpy6508
@amireallythatgrumpy6508 28 дней назад
@@raymond_sycamore No Americans know anything. If you knew something you would live somewhere better.
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