Don't like you being okay with someone not being responsible and just filing bankruptcy. You said it wasn't ethical to bankrupt on a family member or freind, but okay on a credit card company. That is just wrong. Bankruptcy is a last ditch action. When something happens to you. Not when you did something. Certainly not a wealth building stratagy. When you don't pay your obligations, you take that money away from someone else in the end. Wrong, wrong, wrong.
Strongly disagree. In commercial lending, and especially unsecured lending like credit cards, bankruptcy risk is priced into the interest rates and underwriting process. Bankruptcy law is full of substantive and procedural elements that prevent abuse. It comes with serious, long-lasting cinsequences. It's not a free reset button you can just oress on a whim. If you legally qualify for bankruptcy, there is no moral element, at least with respect to commercial lending institutions. If family tried to help you out and you turn around and declare Chapter 7, that is a different story.
The worst advice is one that someone's drunk Uncle was suggesting buying a duplex or quadplex, living in it and magically all of a sudden. Sudden they're always full and magically. Everyone pays their bills and magically everything just works out. It's one of the worst investments in my opinion, dealing with people and rent and stuff seeing happen is probably the worst headache of investments and the new and any times that by 4 cuz you live right next door to them so they can bang on your door about every little issue and just goes on and on
Reduce or eliminate the word “frickin” or “freaking” it’s in all of your videos and it’s said a lot. This one less than others but it’s a bit immature and kind of aggressive
With the title provided, I came here expecting to find some quality what not to do's. I'm leaving disappointed. Not because I didn't like the content, but specifically because I was misled in my expectations.
Ask Mat: matsorensen.com/ask-mat/
Don't like you being okay with someone not being responsible and just filing bankruptcy. You said it wasn't ethical to bankrupt on a family member or freind, but okay on a credit card company. That is just wrong. Bankruptcy is a last ditch action. When something happens to you. Not when you did something. Certainly not a wealth building stratagy. When you don't pay your obligations, you take that money away from someone else in the end. Wrong, wrong, wrong.
Thanks for talking morals! Your 100% correct.
Strongly disagree. In commercial lending, and especially unsecured lending like credit cards, bankruptcy risk is priced into the interest rates and underwriting process. Bankruptcy law is full of substantive and procedural elements that prevent abuse. It comes with serious, long-lasting cinsequences. It's not a free reset button you can just oress on a whim.
If you legally qualify for bankruptcy, there is no moral element, at least with respect to commercial lending institutions.
If family tried to help you out and you turn around and declare Chapter 7, that is a different story.
I didn’t think that a USDA loan allowed the purchase of an investment property.
Love this type of content
I bought a Duplex when I was 24 and lived upstairs. That was one of the best decisions I made!
can you do a video on self directing with online digital products such as courses, tiktok, youtube, etc?
The worst advice is one that someone's drunk Uncle was suggesting buying a duplex or quadplex, living in it and magically all of a sudden. Sudden they're always full and magically. Everyone pays their bills and magically everything just works out. It's one of the worst investments in my opinion, dealing with people and rent and stuff seeing happen is probably the worst headache of investments and the new and any times that by 4 cuz you live right next door to them so they can bang on your door about every little issue and just goes on and on
Hahaha I mean to be honest, Dave Ramsey did go bankrupt before he became Dave Ramsey, so yeah it's exactly his method. 😂
Those are completely different circumstances than like 99% of everyone else.
@@cellsheet DR built his cult after he himself went through bankruptcy.
I think this particular one from Vivian is good advice but I think she has some other ones that are pretty bad imo
Been watching her for a few years
Reduce or eliminate the word “frickin” or “freaking” it’s in all of your videos and it’s said a lot. This one less than others but it’s a bit immature and kind of aggressive
Let's test your real understanding: What's your opinion of putting all your investment into Bitcoin and/or related stocks?
With the title provided, I came here expecting to find some quality what not to do's. I'm leaving disappointed. Not because I didn't like the content, but specifically because I was misled in my expectations.