Yay!! Keep going. I’m debt free and it’s wonderful!!

God bless you in Jesus name, you will be prosperous and for you to succeed in your endeavors 😊 💪💪🙏🙏🙏

My dad same thing...you are right!

Indeed, God bless

Respect to them! 😊

Now that’s just sad and so wrong! Well done by the way! 👏🏽

Thanks

Absolutely what they are doing ..thats why Daves approach is key and amazing to understand, FREEDOM

Yeah she’s cool!!

She's smart, articulate, and to top it all--a musician!

Legal or Illegal?

@@commonsenseisntcommon1776if he got a social security number and his documents then he’s obviously legal.

That's very motivating! Thank you for sharing!

​@@commonsenseisntcommon1776ignorant. He just said he got his documents and his social security #. Why did you choose to ignore this piece of information.

Congratulations, I hope you will be debt free!

A good credit score is like a gun, you should have it and believe you won't need it, rather than need it, and you don't have have it.

Unlike guns, credit scores don't exist in civilised societies@@jackstar254

@@jackstar254 but I honestly cannot think of a situation where I would need it 🤔

@@mysticquetzal87 You're at an airport overseas, they're beheading foreigners in the parking lot. A plane is leaving in 5 minutes, They are auctioning seats on it at $25K each. I use a CC and pay it off back in the USA.

@@mysticquetzal87 -_-

I love her

Yet the norm is to be struggling, crippled with debt. Most people are unable to do the middle ground hence it is safer they stay away from debt entirely

@@smn5672 maybe but that doesn’t mean the middle ground doesn’t exist.

Of course there is but it doesn't go with the Ramsey brand. When someone did his ideas but kept a card, they wouldn't let him on show to do "scream". He could have lied but he was honest. Didn't use it often and paid it then but didn't cut them all up. That's how crazy Dave is. You paid off 15,000 with my plan but didn't cut up your card, shame on you! lol Ahh, at least Rachel said in her group financial peace meetings, she knew some did "dave lite" and if it helped, it helped.

@@deb9806 I've seen a lot of "dave lite" on youtube. It doesn't matter what Dave thinks, if it works for you, it works and you save money from using his tools.

latest yahoo finance report says 44% of us pay off our cc balance each month. that's a whole lotta ''middle ground''.

No such thing as a zero credit score. Just look it up on google. Lowest you can get is 300

I don't think they are brainwashed. You just need to understand them. They are a card, not evil. They don't put thousands on them and pay minimum. Do we get rid of liquor (I don't drink so wouldn't care) for the ones who can't handle it, gambling, fast food? Many rich get points and never have a balance. My son got a free trip from his BIL and my sister got free Xmas gifts for everyone one year. No interest, no yearly charge. If you can't do that, it's a trap to keep adding to it. I did 20 years ago when I needed car repairs and a water heater broke. I got a 0% card for a year and worked it down. Why pay on a 18% card? Dave makes no sense at times. If you aren't going to use the card again, it's a good tool. They closed transfer card after a year or two of not using.

It's called truth and it hurts.

EXACTLY!!!!!!!!!!!!!! I just made a comment to someone about that same thing. ppl are so lost to really believe on an imaginary number to determine if u can buy a home etc etc. it's sad. iv had arguments with ppl and realized that they are not going to see it so I just leave it alone.

​@@BK12344youre not a loan officer you have no idea how bad a manual underwrite is. But keep smoking

A person needs about 5 to 6 acres of land to live comfortably, producing their own food. ~35 acres for a family of 6.

100% agree with you.

How has had more problems? Ppl with credit cards and not paying them or ppl with errors on the banks side

It has never been the method of payment that matters. Its your behavior with money that needs to be addressed. Sometimes religious zealotry can blind people from the obvious. Which peice of plastic you use to pay for something is a distraction.

I have had credit card fraud before. You better believe I sleep better at night knowing it was on a credit card and not my checking account. It is basic risk management.@@RL-ww5ev

I’m guessing it’s aimed at ppl who abuse their credit cards and can’t pay them back. I use credit cards the same way you do. I’ve never been late on a payment because I live well within my means and always have enough money to pay my credit card bills.

Murray Head, glad you are here

Wow!!!!

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

@@Dunker762 However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@@Johnwilliams086 Oh please I’d love that. Thanks!

@@Dunker762 Judith Ann peace is her name

Lookup with her name on the webpage.

Of course it. She is pushing this weird and ignorant myth that you need debt to have credit stupid and false

Thats because one of the criteria used in a credit score is credit utilization. $0 balances improve your credit score.

It's how you pay. Even when I had balances, mine was 700 or so but now 840 with no mortgage but small loan. If they see you pay on time and more often (I think it's that with me) you get a good score. I taught my daughter to do that and I think hers raised. I told her pay it every 2 wks instead of monthly.

@@deb9806 So it's like that thing they do in China then. If you behave you get points. And if you say something the government doesn't like, they deduct some points from you.

@@MrClassicmetal I don’t know about that ,but I know that people have behaviors they need to work on, but it shouldn’t affect someone who doesn’t have that behavior. For instance, I don’t drink and I hate it when an alcoholic strolls into a liquor store and they don’t say I’m not going to sell you this bottle because you’re already drunk and have an issue. It’s not going to happen because they are a business. It’s the same with lotto if a guy is spending last money on lotto tickets instead putting it in his savings account because he thinks he’s going to win $1 million, it’s sad. But his choice. If someone like my self, pays their balances off as they buy things pretty much, when they get home, and takes the points and buys free gifts with them, same as ebates, that’s my choice, but if someone else can’t do it, they shouldn’t tell me I shouldn’t be able to do it

She’s tough to like

I liked her instantly compared to the other one.

disagreement is not hate. but click bait titles get more views and make more money.

they must follow the cult edicts or lose their jobs.

Exactly. Me too. And you never know when a high credit score will come in handy for things OTHER THAN borrowing money. For example, renting an apartment in an extremely tight rental market where you're actually competing heavily against other prospective renters. Others have mentioned other examples.

They don't deny that as they have said in many other vids. But even if you pay off your credit card, it is still bad to have one in the sense that you are likely to overspend with one. A common thing I hear is the airline miles. But guess what, you likely aren't saving any money since the cc and it's points is what convinced you to go with a certain expensive airline or vacation in the first place. Bottom line is if you are making any more than a few hundred bucks in cash back every year on a CC, you are probably overspending. Remember, it's like $30 for every $1000 you spend.

"Likely to overspend with a credit card". And yet.... most millionaires have credit cards. @@nathangallagher5112

The USA is the true cult.@@God.Almighty

@@thebeegood1731 and you think the insurance game wouldn't ding you for having no credit score? Come on.. That's easy money.

Money that you would otherwise spend maintaining a credit score.@@ChrisMFlorida

What's not true? You just said you left the card "open" therefore your credit score will never become zero, the correct term is indiscriminate, in other words it may take a loan officer a bit longer to "determine" whether or not to offer you that home loan. But, and I've seen others say this and it is complete malarkey that your interest Rate will be higher if you do manual underwriting...no it will not!!

@@jwlsngold5026 she said if you don't close an account your score will be bad and eventually go down. Also it does cost more to do manual underwriting, just had a friend do it with a zero credit score they said churchhills interest rate was about a point higher.

Amen. It amazes me how many people watch/listen to any personal advice program and want to argue or disagree. If you don't agree as the above comment said, why wasted your time.

Because she's lying about how credit works.

because people like to bish.

Well said!! 👏

​​@@NeoSoulCrewYour comment is nonsensical!

I'm sorry to hear you have a credit score

@@amireallythatgrumpy6508 ive been crying about it all year 😭

My condolences

Exactly what I posted they deny the the fact that you can have a good credit score and not be in debt.

I'm 840, was 850, paid off my mortgage 2 years ago and pay my credit cards monthly or weekly. I'm good and know if I do need a car loan etc (cars paid off) I would get a good rate

I would love it if you come back to this post and talk more about your process of buying a house with a zero credit score.

You love paying higher interest ! You go girl! You're in for a rude awakening.

​​@@NeoSoulCrewExactly! The interest rate may be the same for manual underwriting, but the fees will be higher. More work=higher fees. The higher fees will be factored into the APR, which is why a law was passed that all lenders must express the cost of the loan in terms of the APR so consumers can compare them. Don't just compare rates. Also compare APRs.

@@NeoSoulCrewShe’ll pay the house off early so the interest won’t matter.

😮

I didn’t know that!

Once again.....these people have no clue when it comes to REAL financial situations, like drawing 8% in retirement....idiots! They need to STOP IT and just help get folks out of debt.

​@thebeegood1731 True, but in some cases, you may "need" to have a high credit score to avoid paying a higher interest rate on a home vs. someone who has 0 credit.

Like Duh, they like smoke and mirrors

What's wrong with that if it works and is not a scam?

@@MrJimmy3459 It's just a conflict of interest and doesn't give consumers options. It's not necessarily a bad choice, but I prefer unbiased sources.

​@emoney9931 you are free to google manual under writing aren't you?

@@MrJimmy3459 When you get a Churchill Mortgage...you get a *drum roll*.....credit score!

@@MrJimmy3459 I'd rather work with whoever my realtor recommends.

Happens to Ramsey people too. John once (was dave listening??) said they had to go to 3 rental companies to find one that would do cash/debit. Hotels don't want it, especially nicer ones. They want to know they can get the money if you default. What's in your debit? My daughter is looking for apartments, most want 680 or above credit score. Now if you have enough money to give them 6 months ahead, kind of dumb idea, it might work but why jump hoops.

@@deb9806 Not true. I use my debit card at Delta (Diamond) and Hilton (Diamond there as well). No hoops, just I chose not to be a broke joke.

​@@deb9806 It's crazy Americans have to jump through these loops, especially in their own lands. I came to America for tourism and I never had to provide a credit score to rent or go to fancy hotels. Such establishments do not require that from non-Americans, they find other ways. This credit score system is ridiculous.

@@susiem.2068 yes my daughter is dating someone from the UK and it is different there but so is insurance and a lot of other things

you are missing the entire point. they are saying you dont need the score to get approved for a mortgage. you dont need to carry credit cards and have a traditional "score" you can have no debt or open lines a credit and through manual underwriting still get a mortgage.

I agree, I too have only one credit card, balance it, and pay it off completely. I'm saving and preparing for house buy process.

It's called manual underwriting. Lots of lenders "will work with that".

No debt but then goes on to say you just got a mortgage 😂

@@cereal76yes, I know what it’s called. And also know that 1/10 lenders will do manual underwriting, so yeah, good luck with that.

Credit scores aren’t as important when you aren’t broke for the rest of your life. That point seems to have missed you completely

So you are using your example of your boyfriend who is 50, still renting, and decides to buy a new truck rather than save for his future to somehow prove that credit scores are good and necessary? Sounds like you are proving Ramsey's point to the tee about what kind of people value credit scores.

Sorry honey, but credit scores do not even exist in civilised societies. You are living a lie.

@@nathangallagher5112 Yes, it's called BANKS care about your credit score. It's called BUSINESS in America. That Is how business Is conducted when one wants to buy a big Item like a House, a Car, etc. If you were to listen to Suze Orman, another Millionaire, you might be the one enlightened.

This is what Jade doesn't understand (or most likely understands but rightly fears Dave's wrath for going off message). Your boyfriend is doing everything right, but the fact is, so many things hinge on a credit score. It's called 'The way it is'.

My friend who had the money to just use debit, used credit for big items and paid it off that month. She got some airline trips free. If you can do it, it's free without interest and fees. If you get interest, the perks aren't as much, you are giving the company money monthly.

First question I'd ask is if she really used it like debit even without knowing about points. It's not really the points that make people spend more with a CC, but just the fact that it's credit and doesn't feel like their money. Second thing I'll point out is that if she got that excited over the amount that those points were worth (maybe $500 or less lets say), then she is probably darn near living paycheck to paycheck like over half americans are. Having not much money, combined with the fact that she is so excited about the points system, is kind of a dangerous situation to be in. I'd be willing to bet she is spending (and likely overspending) on her CC now that she knows of the points. Remember, if you overspend even $25 out of $1000 then the points are already worthless.

@@nathangallagher5112 She was excited because it was free money. She was a nurse and she did well but she always had money put aside for Christmas and that year she didn’t really have to dip into it which is always nice and it didn’t come out of her paycheck. She got the card just to have it and felt it was safer and didn’t even know that much about points or thought they would just be a few. If you don’t spend interest, the points are a plus and some people like me don’t want anyone to have access to my debit account.

@@nathangallagher5112 that is something to watch out for. I don't bring cookies in the house I like so I'm not tempted. I lost weight with that discipline (something dave is trying to do with donuts) I've gotten a lot more disciplined from 30s on. Im so strict, I set up payment for a purchase, let's say 300 for a vacuum when I get home to come out with my check end of week or whenever, before the statement ends. If you get lazy, the interest cuts into it. I hate hearing the minimum wage workers at some stores like Kohl's or Tj Maxx, have to try to push their 29% card to save 10% on the purchase. One woman tried to "educate" the guy why one month on carrying balance would kill that deal" but the guy was just doing his job. You need to do yours. Scheduled payments is great for me.

Yeah. The problem lies is who pays for your points. The single mom raising 3 kids and charging groceries on credit. I refuse to earn rewards on other people’s debt

Make it make sense. I have a zero credit score And I paid zero interest for my house. Now I have a ton of money in the bank And no mortgage no payments no Credit score. The future is bright

you probably get a pretty decent rate because you arent already riddled with debt so loan to income ratio is much lower, its just a way more arduous process than the traditional one

@@PInk77W1Can you elaborate. Did you have a type of loan that was interest free?

@@llcross04 No I saved up and paid cash. I tried to get a loan from The bank and got into an argument with Them. I just can’t handle legalism and All that stuff. I have zero patience for it

They do explain it. But y’all are so offended by their no credit stance, you miss it. They recommend having 20% down payment on a 15 year loan. And you pay that loan off in 8 or so years. So you might get a higher rate, but you’re paying the entire mortgage off long before the note ends, so in the end it doesn’t matter. Of course this also means you have to buy a house that’s within your budget. And if you read the comments, people that did manual underwriting didn’t get higher rates. Their rates are all pretty low.

In other words it only applies to 99.9% of the American population.

It's not hate coming from those people, they are REALISTS. What Jade Is preaching Is advise from a Millionaire's Perspective. It Isn't most people's reality. If you listen to the advise from Suze Orman, It Is completely opposite to that of Ramsey.

@@NatalieG427 I love Suze Orman. She also has empathy which I think Dave Ramsey might be a little short on.

Jade parrots what Dave says😒however, are ppl suppose to sleep outside bc you damn sure need a credit score to lease an apartment. That's the ONLY reason I keep a healthy credit score, I don't need to borrow a dime nor am I in debt.

And when two people have opposite beliefs they are usually both wrong.@@NatalieG427

The ones who understands that they are borrowing someone else money, building their credit card score safety not miss using cc going into deep debts. But, to balance cc and pay it off as well saving, having our own money in the account. 😊

This is why it took so long to get rid of slavery in the past. People did not have slaves, but they benefitted from the system.

Then why do so many people call in to the show with credit card debt?

@@mattalkire6716 why do ppl have children they can't afford? Bc they're reckless and irresponsible. Cc's aren't the enemy. They have cc debt bc they're irresponsible with poor money management skills. It's not hard to live below your means, charge what you COULD afford and pay back in full. It's a choice......

@@asiaanderson5556but you ARE a slave by definition. Bloop

Meh

I'm sorry to hear you have a credit score

Worry about yourself playa

Same. Dave actually convinced me to keep mine when he acknowledged that he still runs peoples credit score before dealing with them. That’s how important it is. Even that guy does it.

Gang gang. $7000 free dollars roughly and $0 in interest so far over the course of my life, thx credit cards

Mine is a 771. I have have a $36 Verizon prepay bill auto pay every month. I rarely used that card. I just use my debit.

I agree with you. Investment is the key to sustaining your financial longevity, and not just any investment but an investment with guaranteed return.

I used to have a senior colleague at work who lived well but never had an investment, unfortunately his job was terminated so he went from living well to surviving with his family. If you had invested while you were still working, you would have had another source of income.

Investing is a prior decision to make for the future. If you are looking at this and don't have an investment, please make plans to invest so you don't end up like my colleague at work.

Quite impressive but HOW!!?😊 I know it's possible, my colleague at work got her first investment return of $57K after two weeks and she quit the job, I would appreciate if you show me how to go about it.

My first experience with Mrs Theresa Cann gave me the assurance and confidence that has made me to invest without fear of losing, I really appreciate her efforts and transparency.

That's not true either in light of the fact that many bills are paid online. You can't In reality just pay cash for all your bills. If anything you use a debit card online. You need credit for many things.

Fact

​@@NatalieG427wrong

@@NatalieG427you actually don’t need credit at all, yes you pay for bills online but you can use debit cards. To rent a card, some of the companies accept debit. There’s no more need for credit. The reason why we think it’s necessary is because we have been marketed like crazy that we need it for a FICO score. Banks, especially the national ones default to credit based approvals for loans. There are some banks out there that do manual underwriting. They need to prove that you can pay, so they look at bank statements, paystubs and your debt to income ratio, that’s how they do it. Traditional lenders look at your ability to pay debt (FICO) scores.

You cannot buy an airline ticket without a credit card. My brother tried to pay cash and they wouldn’t accept it.

it's underwriting not overwriting. And when we got our first home they had to do it despite the fact I had a score over 800 because I had a private student loan that was a bit too high. It wasn't that bad, in fact rather minor in the grand scheme of all the other paperwork I had to sign to buy a house in the US. Uninformed comments like this are exactly what the banks want to see, because it helps them make more money.

@@polarablues64 underwriting/overwriting you knew what I meant as did everyone else who read this. Are you suggesting it is easier to get a mortgage this way? Even Ramsey would acknowledge it’s more challenging to get a mortgage through underwriting. My entire point is that IF you’re responsible, I don’t see any issue with a credit score.

Getting a mortgage in general is a nightmare. It's supposed to be a nightmare

Have you done it?

Not to mention the lack of institutions that actually offer proper underwriting services. Even at that, the wait times and rate of success is still much lower than having a good credit score to begin with.

That is barring ANY emergency you might have at that moment. Suze Orman always said you should have a credit card for emergencies & use cash for most other purchases. You do have to use that credit card once in awhile or it does make your credit score go down.

@@NatalieG427 Yes, when my daughter's debit expired on trip (she didn't look at date) she was grateful to have credit card to fall back on. I always made sure when she traveled abroad, she had a card that wont connect with her bank. Worked well for her for 10 years. My friend at work that had her debit hacked, cried a lot of tears until the thousands were returned. Paperwork, police report....credit hacked, my experience was one phone call and no tears.

You'd have to be insane to live in the USA

"I own 3 cars"....and this would be why you have an 810 credit score. Those lenders love you.

@nathangallagher5112 I don't think these lenders love me at all. I negotiate a low price and pay with cash when I meet the loan officer in person. The look they give me is priceless. They assume I'm getting a loan and expect to make money through interest payments. I just write a check or wire transfer my payment 🙃

I'm sorry to hear you have a credit scores.

Insurance? How much exactly would you save? $10 a month maybe

@@MrJimmy3459 It helps traveling a lot, I like that I pay things off in full and not pay interest and my score is high because of it. I used credit instead of debit to do it, who cares? 850 last year, 840 this year, mortgage paid off, school loan. It can be done.

I'm sorry to hear you have a credit score.

I get mine fluctuating 840-850. Always paid my cards more than once a month to pay off and mortgage and parent loan gone the last 5 years. I'm good.

@@amireallythatgrumpy6508Why are you spamming every comment with this reply?

Because credit scores do not exist in civilised societies. @@llcross04

It's in his KZfaq moniker.@@llcross04

Yes, he hates high interest. Cuban told Business Insider in 2014 that he wishes he had known when he was in his 20s “that credit cards are the worst investment that you can make,” admitting that “I should have paid off my cards every 30 days.” But Dave doesn't expect anyone too for whatever reason so wont give the rest of what Mark says, personal loans are debt and he is just getting on his young self for using high interest cards. I did that with a store card once, bought 500 worth of things and realized it would take me a while to pay off. Transfered it to 0% card and paid it off half the time and let it close.

@@deb9806 Credit Cards are NOT an Investment. Just a method of paying on time. They’ve been around since the turn of the last century & not a new Invention to be scared of. I’m 60, with a credit score of 726, a Mortgage on my house & no kids. So, my husband and I don’t care if we ever pay off our house. If we die in the next 30 years, the bank will take it & who cares?

That is only because you haven’t experienced any emergencies yet. No one plans on that happening, but it can.

@@NatalieG427 I'll pardon your faulty presumptions, but the heck we haven't experienced any emergencies. We had a surprise serious ( life or death ) cat surgery that we cash balled, an ER co pay ( from a covid caused heart scare ) and a stack of down payments on dental implants that were not covered by our insurance. If we are living this fluid from paying off things early it stands very much to reason that we'd have a good "emergency fund." We do plan on things happening, and we sleep better at night knowing cash is stashed away for the little oopses that happen in life. Cat is thriving now.

@@NatalieG427you’re wrong. That’s why it’s called an “emergency fund”. So you’re prepared for an emergency.

This is where Ramsey is disingenuous. The loan rate may be the same as a conforming loan, but the all-in costs are much higher for manual underwriting. They advise people to use APR for all-in like to like comparisons of mortgage offers, but are silent on APR regarding manual underwriting. Also, I’ve never seen anyone in the comments section that willingly did manual underwriting share their closing costs or APR. Do they not know, or are they embarrassed? It’s a FICO tax worth up to 2% of loan balance on a 30yr loan.

Well done!!

Why would you want to live in an apartment? They're not fit for human habitation. They're only fit for bedbugs, cockroaches and maybe spiders.

@@amireallythatgrumpy6508This is a weird comment. More people rent apartments than own houses, you do know that right. Especially in a major metropolitan area like New York City

Focus on applying for a rental run by small landlords not corporate run apartment complexes. At this point, all of the corporate complexes run credit. Many small landlords do too, but not all.

I do know that. I also know that most people struggle to outsmart a brick. @@llcross04

@@amireallythatgrumpy6508 Spiders have to eat something ;-)

Just curious - what sort of employer checks a credit score? I have not had that experience so I'm just curious

@@Kristen-os1bo Any type of job with a fiduciary responsibility, a lot of exempt employees, employees in the financial sector, etc, etc. Basically, any type of job that requires a background check.

Thank you for the explanation!

If you have an IQ above 50 you prepay your cell phone account and avoid the whole issue. Same with utilities. Pay a month ahead.

@@amireallythatgrumpy6508 I must not have an IQ over 50 because I've never prepaid my cell phone and didn't even know that was a thing.

There is no such thing as a luxury apartment. An apartment is a dump by definition. No apartment is worthy of human habitation. An apartment is only fit for cockroaches, bedbugs and spiders.

It's because you are the proletariat and follow the Ramsey bullshit and think that having a million dollars is good enough to retire on. Good luck with that. @@amireallythatgrumpy6508

Quite the opposite. I don't think people should retire AT ALL. I believe in working until the age of 80. @@michaelpalumbo4880

@@amireallythatgrumpy6508 Yes, there are many really nice apartments. Downtown Chicago has Luxury Apartments. Mind you, you have to be well off to afford them. They can be small, but you pay for the location.

Nothing about Chicago is nice.@@NatalieG427

One cannot live in America and be responsible. Those two things are mutually exclusive.

I'm sorry to hear you have a credit scor.e

Then that's a WHOLE different story, as you Dad needed health assistance & obviously disabled.

@@NatalieG427well aside from that. I’m just sayin, in his situation his credit score didn’t matter much. He was no longer gonna be trying to buy a car or a house. Lol but people still worry about it-what will people think if my score is low?? Lol