How Do I Build My Credit?
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- Опубликовано: 7 май 2021
- How Do I Build My Credit?
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he's absolutely killing it for 24
He’s basically killing it for any age no debt making 70k
I was doing that at 21
@@deshawn1801in what part of the country?
@@no_name9825He’s not answering you
This guy called the wrong show.
Lol yep
He needs to call Roberts Kiyosaki
Yeah this is a subject they will not even entertain and stick to the 20 year old script
Needs the money guy show
Yea he needs the money guy or minority mindset
Anthony "this is what I hear from a lot of young people" ONeal
Dude is old too he is about to be 37, like bro you ain't young anymore
70k right after graduation, wow impressive!
I’m a transit city bus driver barely starting in Fresno ca only experience is a high school a few jobs with people experience I’ll be project for 80k my first year
Well done!
Well done young man
I lived in a $325k house and it made me broke, now I live in a 900sq ft apartment condo and while I might sometimes hear my neighbors, it has allowed me to actually start reaching some of my financial (and life) goals. My stress and anxiety is way down, it's a well managed property so I don't need to worry about saving thousands a year for maintenance, if I want to go on a little trip I can just leave and don't have to hire a company to come mow the grass or shovel the sidewalks while I'm away (yes you do prepay with condo fees for these services but the cost is shared with all the other owners so it's so cheap). Taxes are less and insurance is also way less because again that cost is shared by the whole condo which makes it affordable. It is so easy and enjoyable living small.
The funny thing is that a 1300 sqft apartment in my area costs 1,2 mil...
Awesome Video!
70k a year ? You’re already doing great .
Getting great info from this new guy
Motivation
Toledo represent!
This is a great question.
Bro just put everything on your card and pay it off right away, you called the wrong place lol
Biggest word of advice I'd have for this kid is: If you think you own your home, ask the IRS what happens if you don't pay the taxes on it. DON'T FORGET THE TAXES!
No thanks to the IRS! Who are they in the first place? LOL :D
The caller should have called Graham Stephan
But he didn't ! He understands a balance sheet unlike broke as a joke Graham.
@@justinacase2623 14M net worth is broke?
@@perotal You forgot to subtract the outstanding debt!
@@justinacase2623 no, I didn't.
@@perotal VS 200M and no debt? I will stick with Dave. You also forgot the 900+ on payroll. Sounds like you are California dreaming.
Hey Anthony! Was great to see you at a live event 2/2020.
Kyle is on a roll!
"I am saying shut up." lol wth
Kyle is spot on, but dismissing this caller's priorities is way off. A yard for his dog is important to him, I'd want that if I had a dog. This young man could easily househack, have others pay his mortgage. AO fails to mention higher interest rates on manual underwriting. It'd be best they gave all facts when directing someone a different way so the caller makes the best decision.
U can get a yard for a dog but don’t need to borrow $300k for that.that’s to high for his budget,and he won’t have enough down payment for that.and that’s too much house for one person who is single
Again, quit obsessing about the rate! It does not matter.
@@justinacase2623 it matters to those who understand math.
@@justinacase2623 why doesn’t it matter?
@@justinacase2623 Are you serious? The rate most definitely does matter....
This helped me alot😁
This was a great guy talk convo.... be smart, walk the dog to meet ladies, build wealth....
24 ,no student debt , 40k in the bank ...I hate this kid
Why cause he’s awesome?
@@juanfelipe8484 Cause he is probably privileged.
@@MiyukiItachi how can you make that assumption? He didn’t even mention that he went to college
Christy-MiyukiItachi What if he is? What does that have to do with you?
@@leatherface9377 envy is a dangerous emotion.
This is the only thing that seems completely undoable. Yes I know people have and do do it but we're so conditioned to think we need a score.
Exactly. We’re conditioned to worship at the feet of FICO.
I like that Dave and company try to break that mold.
Anthony started going off on Kyle and slowly started to sound like T-Pain.
- The man, the myth, the passion, the Anthony ONeal. My mannn haha
Supply Chain right out of college makes 70k? What?
Holy Toledo
The bigger the house, the higher the property taxes and insurance.
Think about that.
A 300k home is probably 8k a year in taxes plus 3500 on home insurance.
A good 12k wasted a year giving to the city and insurance.
Thats not included light bill, home repair.
THINK THINK THINK.
build wealth first .
Buy multiple properties and rent them out
Wealth first
Finally, a man with common sense! Thank you Sir!
Where is Dave?
I'm in the same boat as him, I want an apartment but I have a dog. She is medium size and needs a backyard to take her dumps. Might have to get a house. Any thoughts on this? Need advice.
it depends on where you live. There are townhouse developments that have plenty of green spaces, but it's all dependent on location.
Sell the Dog!
Rent a small house
others seem to have big pay bumps. for me as a critical care RN my yearly pay raises are 35 cents to 90 cents a year.
Look at a different hospital or city. If you want the job, they have no incentive to pay you more.
@@gsquared2394 im looking but its difficult with a mortgage and being a single mom. makes it harder to just pick up and move.
Dave ....... Beans and rice , Rice and beans
AO sounds just like Dave in this one lol
He is trained to repeat what Dave says
@@perotal A puppet
@@perotal True. And he makes good money to do it. But, anyone who works for Dave has is trained to say what he says. That's the whole point. They have to stick with Dave's brand.
Tell it Anthony!
Manual Underwriter will cost you more on rate.
Will it?
And down payment is stupid high.
20% or more at a minimum. Believe me, i know, im going through the process right now.
Most people don't have 60k-70k to lay on a house.
@@riceandbeans2019 i can confirm this.
Anthony, you plan on staying in debt? It does not matter if you follow Dave's advice.
@@patricklioneljonson2747 How much house are you trying to buy? It is a simple numbers game to a lender. Most people cannot grasp that no lender will loan $500K for a home on $50K income....duh. Do not try and go in at max money, you will lose!
What is a $175k-$300k home? I’m from California..... 😔
@@patricklioneljonson2747 Not in Texas $200000 buys you a new beautiful house. I was born and raised in Ventura. NEVER ever living there again. Living like a King here instead like a Prince. California= high mortgage, high property tax , state taxes, higher crime rate, 90% of people lease 'their' vehicles. Should i go on. Majority of my family still reside there. Living beyond the pay.
@Subiendo Voz Don't move to a major city buddy. Buy land.
Wow... my house was 150K lol.
I am NEVER moving back to California!!
@Subiendo Voz I bought the dip back in 2015.
No wonder Cartman hates him.
Anthony = Dave 2.0
dear mister ramsey, i have q 4 you should i pay off my mortgage or stay invested in the stockmarket with that money its the same amount... whats your opion on that love your show :D
The Money Guy Show answered this a while back. They ran the numbers and the person who invested (rather than paying off their mortgage first) came out way ahead, and was able to retire sooner. I’m sure Dave would disagree, but his advice is based on emotion rather than logic or math.
@@AkweliParker Typical answer of someone who does not understand a balance sheet. There is no good debt....ever!
@@justinacase2623 lol tried to bash close mindedness with her own close mindedness
@@YamEnthusiast good luck, you are a bankers wet dream!
still waiting 4 a anser
Poor dog lol
You called the wrong show, call Grahan Stephan, here they gonna give you some BS about manual underwritting.
Call broke as a joke Graham! Dave's balance sheet has a zero on the debt side, Joke man does not. Pretty simple.
@@justinacase2623 yeah broke as joke someone who has a net worth over 10 million
I honestly wouldn’t buy a $300k house either unless I’m settling down or have a family.not just for a dog 🐶 to have a yard.I will start with a one story home 🏡 for right now.and move if I’m getting married and starting a family
I just realized that he is from Ohio. I agree! In Maryland a $300K home is a small condo.
@@kabascoolr In California $300k homes don’t exist. Even with a 3% loan, to afford a 15 year mortgage as this show preaches, on a standard $600k home here, you need a $250k household salary minimum since only 25% of your net income is allotted towards that. Starting to wonder if the weather here is worth an additional $300k.....
@@kabascoolr metro dc area for sure unless you’re away from the dc Baltimore area
@@flipmex1 Exactly! Too many people trying to buy at maxed out money and no reserve and wonder why no lender will touch them. Have we forgot 2008 so quickly?
I have the same thoughts. I only want a house once I’m married.
AO is right
To answer his question on how to increase his score (wonder what site he's getting it from), he should report a 1% utilization on his statement date ($6 balance).
How does it affect interest rates? They just give the best rate because of payment history on other things? Honest question
Yes your rate will be higher!
@@Tbell5133 The rate does not matter unless you are going to pay on it 30 or 40 years, if so you are not understanding what Dave preaches.
@@justinacase2623 Dave preaches manual underwriting, but those companies typically have higher rates.
@@dodgeplowThey assume a higher risk, so what is your point Captain Obvious?
Too many get wrapped around the axle on the rate. They fail to understand the bigger picture.
We like 20 ! ok not everyone lived in mid rural US .
That caller 😂 😑😑😑bro he probably was born into upper middle
What makes you think that? He sounds like a totally normal guy.
@@Evildoerr99 yup
😂 y’all funny some things u won’t know unless u know
@@williams242ful I was born to lower class parents and I also think ur comment is stupid lol
@@musicpro7278 great for and hope your still there 👍
Yeah soooo...yeah soooo...yeah soooo....yeah sooooo
Ahaha this made me laugh
Why do so many people start off answering a question with the word SO??? It’s irritating.
Kevin has rich parents...
Why do you say this?
Kyle probably worked his way through school since he’s graduating at 24. He also probably went to a community college and not a more expensive university.
This is honestly a big setup for getting the caller into debt. Cash can't beat inflation AND if the caller is responsible with his own finances - which sounds like he's doing great. Then he should keep doing what he's doing. If a person is buying stuff they need to get anyways, then why not get paid back 2%-5% for using the card? As long as behaviour doesn't change, then it wouldn't make a difference. Make the banks your pay piggies by using their products.
Cuz in general people statistically spend more when swiping a card rather when spending cash.
Actually he’s on track to stay out of debt.
Borrow and pay debt off in a responsible manner.
...if you want to never be rich, sure.
If you forever want to be stuck on a hamster wheel. He’s so much better off starting adult life without credit and paying everything in cash.
I’m sorry but this isn’t great advice.
gotta preach the Ramsey cult word.
What sucks is they don't teach people much financial knowledge they just preach and ideal and get people to blindly follow it.
@@whothouyep - completely agree with you.
Both of you are idiots.
If this plan, which is behavior based, doesn’t work for you, find one that does.
You look foolish trying to work around a proven plan with philosophies that go directly against it.
Manual underwriting also means variable interest rate. I disagree with this advice
No it doesn't mean variable interest rate. It means a higher interest rate.
Clearly you are uninformed.
@@abrahamflores2566 Again, what does that matter?
@@justinacase2623 only slaves to debt care about higher interest rates
@@juanfelipe8484 or people who want a house and want to pay less on a mortgage rate. Even Dave considers a mortgage acceptable.
Normally CDs are a bad idea but instead of it just sitting there doing nothing, it might as well sit there and gain a little interest. This is obviously not the golden ticket, but none the less better than nothing
good credit=lower car insurance rates. it's worth working on getting a good credit score but do it wisely
😁✌👍👌🖖😎
First
This is bad advice.
Let me listen to your talk show on radio show since you know it all
@@BiggSneaddd At least she is not as stupid as you. She can see bad advice.
117th
Anthony needs to be himself. Don’t be a wannabe Dave
Agreed
AO are you single? 😉
Terrible advice
Ao tries too hard to act like Dave. It's so annoying, be you Ao Dave is already Dave!!!
These guys worship at the altar of Dave Ramsey! Mindlessly telling a guy with a $600 limit, who pays the card off every month, to cut it up? That's being a cultists. Having a card saves time and effort. That's a better principle to follow too!!
He called the Save Ramsey show. Did you expect them to give advice against the Ramsey plan? Because that’s dumb.
Maybe adjust your expectations. And they aren’t in a cult. They simply refuse to participate in credit card companies and their games.
@@BlueDauntless But that is cult thinking! You can label it what you want, but if mindlessly doing something, because the leader says so, is the definition of a cult!
That Anthon dude really shouldn't be on the show, nor sure why Dave allows it to have him!
This black dude is giving this dude 100% wrong info,talking about phone bill and water bills shut up
He’s talking about what manual underwriting requires.