Dave Ramsey agrees Renting vs. Owning Is Fine, Credit Cards Are Trash

[Easy-E]

I think I'm gonna stop with the credit cards even as I pay them off each month and tighten the budge for

Cliffs;

Rent may be higher than Mortage, but, that's based on the market and can change

Credit Cards--even paid off at the end of each month--are because you spend more and the market knows that...A FICO score means nothing

Thoughts

 

[sayyestothis]

 

[Amerikan Melanin]

The Ramsey religion.

 

[L0Qutus]

Dave Ramsey is like Alcoholics Anonymous for people who can't control their spending. For people who have decent judgment Dave Ramsey is an idiot.

 

[Saint1]

Not using a credit card probably would probably force me to spend less.

 

[TRFG]

Dave Ramsey is like Alcoholics Anonymous for people who can't control their spending. For people who have decent judgment Dave Ramsey is an idiot.

yep, you have to spend money anyway why not get miles, cash back and perks

 

[humminbird]

Dave Ramsey is like Alcoholics Anonymous for people who can't control their spending. For people who have decent judgment Dave Ramsey is an idiot.

this I was sitting here going at the credit card rant.
Yeah, when i got my first credit card I want nuts. Now though it's different, I still feel that "pain" because the minute I buy something a notification comes up on my phone of the charge. if the notifications stack up to 5 before the day is over i cut my spending for the rest of the week.

 

[Apollo Creed]

Take Advice from a White Man brehs

 

[Akae Beka]

I cant beat free points from credit cards. I have enough points from my chase card alone, I can fly anywhere in the world.
The same money I would use out of my checking acct to pay my regular bills, can be used to pay down my credit cards

 

[L0Qutus]

yep, you have to spend money anyway why not get miles, cash back and perks

this I was sitting here going at the credit card rant.
Yeah, when i got my first credit card I want nuts. Now though it's different, I still feel that "pain" because the minute I buy something a notification comes up on my phone of the charge. if the notifications stack up to 5 before the day is over i cut my spending for the rest of the week.

Exactly, you use credit cards for the things you HAVE TO BUY and you get miles/points/ etc plus you get the added bonus of purchase protection or additional warranty time

Credit card companies are great psychologists and understand human nature. They know that most people won't pay off their credit cards in full at the end of the statement period and that's where the profit comes in

 

[Sad Bunny]

He said rent until you're debt free. Then save to buy a house. He advocates for house ownership.

I use my AMEX and pay it off every day...I'll keep using it.

I agree with his get out of debt plan though. It changed my life.

 

[levitate]

Nah, fukk all that on the "no credit cards" shyt.

• Travel/Hotel points
• Cash Back

Pros of using credit cards (responsibly!) greatly outweigh the cons...

 

[levitate]

But yeah, his program has a lot of great, useful financial advice. I just cannot, and will not roll with the "no credit cards" shyt...

 

[MMA]

Believe banks are lending money because they know you are going to be responsible.


5% back, hotel rooms

I use credit cards but I know it’s a scam and that majority of people are not disciplined enough to be lent any amount of money.

 

[Easy-E]

yep, you have to spend money anyway why not get miles, cash back and perks

I cant beat free points from credit cards. I have enough points from my chase card alone, I can fly anywhere in the world.
The same money I would use out of my checking acct to pay my regular bills, can be used to pay down my credit cards

Nah, fukk all that on the "no credit cards" shyt.

• Travel/Hotel points
• Cash Back

Pros of using credit cards (responsibly!) greatly outweigh the cons...

He point with that was;
https://www.12news.com/article/mone...rks-and-rewards-mostly-go-unclaimed/432070347


PHOENIX - A new study shows about 30 percent of credit card holders aren't claiming the rewards they've been earning on their purchases.

“We found that three out of 10 cardholders never redeemed their rewards, which is quite surprising considering the rewards out there,” said Robin Saks Frankel from Bankrate.com.

He sited a even bigger one

And I've found plenty of people saying air miles are trash

But it ain't for everybody

I need to quit credit cards myself

I pay it all, but, I overspend

Take Advice from a White Man brehs

Both, he made a great point about never owing anyone for 20 years

Trust me, I get shyt for bringing up how different black people have it from other folks

Take it with salt