secure your home, he's right. nothing else comes first because at the end of the day, if you have a roof over your head, you can survive and come back no matter what life throws at you, and trust me, it will.
@@copperdawg5607 no you are dumb, maybe he does not want the up keep of a home......you don't know his status...a dave ramsay guy told him to take a loan.... lol all this guy wanted to know if he should get a rental property.......
@@JustAName-it5qp i don't ask my wife for approval. You see you think about marriage, but you actually would choose your boss for your wife... Marriage is not a job, it's not a contract :).
They can use the cash to invest in other stuff, or have for emergency. These nothing wrong with financing and leasing cars, it’s only an issue when you’re truly broke and force it
For some reason Dave's show always is against owner occupying small 2-4 unit multifamily properties. He has repeatedly spoken against it. I don't understand it either, we house hacked half a dozen rentals this way and it's how we built our real estate portfolio. There is no way I am paying off those mortgages early they are 2.3%-3%
Can ya imagine the crooks and international con artists listening to this conversation? I'm glad the staff at Ramsey take pride and dedication to edit out any possible clue, thus security first.
Being in debt is a challenge and gives you purpose to work. Once you are out of debt you lose interest and purpose so you chase making money only to find out you’re unhappy.
would be a waste of money, invest it instead of leaving it in a savings account. Put it towards paying off your house and keep a 3 month emergency fund
I think the the advice was good. But he purchased a multi-family dwelling property. He could live in one unit and the other renter/s could take care of the mortgage and possibly more depending on how much he charged for rent. Depending on the property he could continue to live there or use the additional rent to pay for his mortgage at his primary residence.
Paying off primary residence vs investing into real estate seems like bad advice due to inflation. Todays loans are worth less in 10 years with inflation. Wonder if Dave will ever change his tune? probs not.
The caller needs to max out his retirement investments & dump any of that extra cash (outside of an emergency fund) into some index funds. Let that money grow for a couple of years until he can get a better understanding on real estate if that's really what he wants to start doing. No sense in having all that money lie around losing purchasing power.
Should buy a duplex and live in the one side and rent out the other to knock out his highest expense which is living then from there do what he pleasss
Man nothing like crushing this guys dreams and telling him to buy a house before he has an income property... this has to be the guy with the worst advice and not knowing someone who maybe never wants to own a home he lives in because he is not married.....so he is ready buy a house, got everything paid off.....buy that house man
@@Maestroxxx1 haha true, but that black dude, not the big one the other one, at least has some personality. Same with the women and the brown haired guy. This guys like a robot lol
@@jamesklinkhammer7539 how do you know that? Lol. Have you met most women? Most women who are like that are probably either already married or single and you won't hear of them on a show like this
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Paid my car loan off this morning officially have zero debt feels great!
Congratulationsssss
Keep watching Dave AND other financial advisors. The road doesn't end with debt, you got wealth to build!
Very well said!!! Thank you for that thought.🤔 🙂
I like seeing this host by himself. Great interpersonal skills and very direct.
This guy is calling it! He is well on his way to millionaire status.
I paid off all my debt yesterday so this is super timely
A guy in his 30s with $120k in the bank? Of course he has to be single. Lol 😂 how else would he accomplish that?
Never ask how much he owes on student loans.
@@tcbridges he literally said his only debt was a zero interest car loan.
Real talk
I’m in his boat although I’m no longer single. A woman with a good financial IQ is nonnegotiable.
So true 😂
secure your home, he's right. nothing else comes first because at the end of the day, if you have a roof over your head, you can survive and come back no matter what life throws at you, and trust me, it will.
Still can buy a duplex and have others pay he’s mortgage. You guys just dumb
@@claudemartelly7421 Dude your grammar is dumb. Read a book bro.
@@copperdawg5607 no you are dumb, maybe he does not want the up keep of a home......you don't know his status...a dave ramsay guy told him to take a loan.... lol all this guy wanted to know if he should get a rental property.......
Stay debt free!!!!!
Sounds like to me he’s tired of the daily grind and wants his side hustle to be his full-time hustle.
When you are debt free you keep doing the same things: save, invest and help others.
and enjoy life a little. There is no point in saving and not having life.
@@krecikowi oh I enjoy a lot 😛
"Are you single?" "I am." STAY THAT WAY!!!!!!
He's a wife magnet now, he needs to repel
Marriage was best thing that happened to us.
@@krecikowi That what your wife approved you to say?
@@JustAName-it5qp i don't ask my wife for approval. You see you think about marriage, but you actually would choose your boss for your wife... Marriage is not a job, it's not a contract :).
@@JustAName-it5qp don’t be bitter man. Let the married man live the good life. If you like the single life enjoy it
*"Keep your face always toward the sunshine - and shadows will fall behind you." - Walt Whitman*
I'll never understand why people keep a car loan when they obviously have the means to pay it off. Doesn't make any sense.
Cash flow
They can use the cash to invest in other stuff, or have for emergency. These nothing wrong with financing and leasing cars, it’s only an issue when you’re truly broke and force it
Opportunity cost.
Its zero interest so who cares
Buy a duplex and live for free or a small house. Don’t overbuy like me.
House estimator tell me can afford 0.5 mln house. What an idiotic estimator!
He can only afford a 500 K house acc to house estimator? Without a mortgage sounds fair
Can’t understand why he shouldn’t buy a duplex seems a perfect opportunity
Exactly. The answer should have been to put 20% down in a duplex. Live in half and rent half.
Perfect house hack opportunity
For real, that’s easily his best options
For some reason Dave's show always is against owner occupying small 2-4 unit multifamily properties. He has repeatedly spoken against it. I don't understand it either, we house hacked half a dozen rentals this way and it's how we built our real estate portfolio. There is no way I am paying off those mortgages early they are 2.3%-3%
Exactly, he’s in great position to that.
"Is it sentimental?" Lol
"I'm filthy rich. What should I do?"
Can ya imagine the crooks and international con artists listening to this conversation? I'm glad the staff at Ramsey take pride and dedication to edit out any possible clue, thus security first.
This host did a really good job 👏🏾 👍🏽
I hear what these guys make and then I just tune out.
Being in debt is a challenge and gives you purpose to work. Once you are out of debt you lose interest and purpose so you chase making money only to find out you’re unhappy.
Once you are out of debt you really do lose interest… the interest you’re paying to the 1% 😂
I say have a full year of an emergency fund in this situation.
would be a waste of money, invest it instead of leaving it in a savings account. Put it towards paying off your house and keep a 3 month emergency fund
Good plan. Duplex, Triplex, quadplex live in one rent the rest. Take the the overhead off in taxes.
Save for a year or two and as long as you're still single buy a small condo in cash.
Ok Will do so❤
why not get the 4plex he talked about, live in one unit and then work on paying building off? Primary residence does not need to be a single home.
I filed for bankruptcy and it saved me !!!!! Thanks Dave!!!!
forgot the guy with the glasses name....he's good....he's real good folks
I think the the advice was good. But he purchased a multi-family dwelling property. He could live in one unit and the other renter/s could take care of the mortgage and possibly more depending on how much he charged for rent. Depending on the property he could continue to live there or use the additional rent to pay for his mortgage at his primary residence.
Prepare to be job free after that in today’s world. 😔
Many people are running away from becoming landlords..
I'll buy stocks, zero hassle.
Understandably so
Paying off primary residence vs investing into real estate seems like bad advice due to inflation. Todays loans are worth less in 10 years with inflation. Wonder if Dave will ever change his tune? probs not.
A wiser property investor told him that if he lives in the property that he is flipping, then they may be greater tax advantages for him.
I don’t why not buy a duplex and live in one side of it until he gets it paid paid and cash flows a house
21 months of a renter squatting and when they FINALLY get evicted, $15K in damages,
Then the utilities cause a property lien.
@@aolvaar8792 I’ve been there too brother. Only mine was a few months and finally sold the house after renovations $$$!
304s and Blow!
This was so helpful thank you!
Gonna have to disagree with the buying a house and work on paying that off before any other investing.
You owe $900 on a car? How could you, shameeee
Guy lives below his means beside the stupid car flease
I do everything except for donations!
Don’t care if it’s 100% interest? I’m starting to think they have no clue about opportunity cost and investing.
He called in just to flex
Run around the house nekkid screaming "I'm debt free!" Close the curtains first. The neighbors are nosey!! 😁😁
Why'd you have to make this weird dude
The caller needs to max out his retirement investments & dump any of that extra cash (outside of an emergency fund) into some index funds. Let that money grow for a couple of years until he can get a better understanding on real estate if that's really what he wants to start doing. No sense in having all that money lie around losing purchasing power.
Should buy a duplex and live in the one side and rent out the other to knock out his highest expense which is living then from there do what he pleasss
Fully paid off house then you can play around with investments one investment has to be the pay dirt
Dave: Buy the wife.
Only in cash
That's the only thing I recommend leasing. They depreciate very little if any in the beginning, and you don't want to own one for very long
@@jgg204 what's up with the woman bashing in these comments? Lol
Stay debt free.
Invest into separate Roth IRA or Roth option of a 401k?
single girls in Ft Myers about to find this guy on tinder
Give me a personal loan …
What should you do after you're debt free? CELEBRATE!!!!🎉🎊🎉
What’s wrong with payments. As long as you make enough cabbage and can pay the bank you’ve got money? Am I right
You must be new here. ;)
This guy better have his radar up for the female gold diggers!!!
Sounds great on Facebook ☠️ he's doing good though.
Is it sentimental????🤣🤣🤣🤣🤣
Drug dealer 😂
Man nothing like crushing this guys dreams and telling him to buy a house before he has an income property... this has to be the guy with the worst advice and not knowing someone who maybe never wants to own a home he lives in because he is not married.....so he is ready buy a house, got everything paid off.....buy that house man
This guy is hot!
Host is a poor listener!
He sounds like a spoiled brat at 32 years old who still has his mama to back him up financially. WHY DID HE EVEN CALL IN?
I think this guy tries too hard to be Dave. Idk just seems like he’s got no originality
Is this your first day or something? He would probably be disciplined or fired for voicing an opinion other than Dave's.
@@Maestroxxx1 haha true, but that black dude, not the big one the other one, at least has some personality. Same with the women and the brown haired guy. This guys like a robot lol
Are you single? No brainer if he had a wife he would not have so much money,!!!
Not if you have a good one
Agree it better be a exceptional wife ,that can manage money,,,,most women are not good with money
@@jamesklinkhammer7539 how do you know that? Lol. Have you met most women? Most women who are like that are probably either already married or single and you won't hear of them on a show like this
@@MoonMoon-fx1op ,,I am married,,most women focus on babies not money,,,thank God my mother focused on babies
@@jamesklinkhammer7539 who told you that? That's the problem. Men think they know every woman and women think they know every man. It's crazy
Where is DAVE RAMSEY. Drop these soy boys
Dudes trying too hard to be Dave Ramsey
Sounds to me like he's doing great, but needs a life. A wife and kids should help spend a few spare dollars.
Why would you suggest that? That's a recipe for disaster...more of a liability than anything. He's already done well for himself in life.
I wonder how much the ramsey personality get paid
@NutraMorph not to bad
Is this guy just calling the show to showing off his pride money or what?
Yes
😁👌🖖✌👍😎
hello
Hi
@@thomasthumim7630 hi
I thought Dave Ramsey was a Christian. Why are they trying to serve both money and God?
Why isn't he advising him to invest and tithe into his church?
God doesnt exist. Money is the peoples god.
@@krzysztofwalczak5948 nonbelievers maybe.
First
First