Same here. I put my gas and groceries on my credit card.

How many convenience fees have you paid this century for paying bills with a credit card 🤔

Same. I had debit. I used the Velocity banking system on a 0% interest credit card to clear up be debits without dumping all my savings. And now I my credit cards are my primary emergency savings. Followed by my checking account and a high yield savings You do have to learn to budget and be disciplined about it.

@@ayarborough12 zero.

Exactly if you're disciplined and you have the means to pay it off why not reap the rewards of a cash-back system that's literally money back into your pocket just for buying things that you were going to buy anyways like gas and food which are things people buy on a regular basis

Yeah… I’m 20 and already ruined my credit :/

Hes not talking about missing payments. Hes talking about rolling a balance from month to month.

If you can pay off your balance every month you can use a debit card and eliminate risk 100%. Not too hard to understand.

@@1967davethewavethen u get no rewards… I went to Disneyland with family and was all free paid with reward points. U can’t do that with debit card, is it very hard to understand?

@@dr.hero18but what if you lose your job because company has layoffs before you pay the balance?

Yeah but literally most people don't even have a $1000 emergency fund let alone $5k to pay off a car immediately on a credit card

@@yendothegamer9880 then those people should not attempt this tactic

@yendothegamer9880 mostly because as a consensus, people suck at managing money

@@rg4517rg no one ever said it was easy. If you want it bad enough you’ll get it.

I recently did the same thing. Asked if there was a fee they were going to charge for me using the credit card. They said no, so I charged it, logged into online banking, and immediately paid the charge off. If you are responsible, it works out in your favor a lot of times.

The statistics are valid tho. It makes sense. People may be paying them off every month but study shows that the money their spending and paying off would not of been used in the first place if it wasn’t for the dopamine hit from using a credit card. You may be paying 0 interest but without that dopamine hit, you wouldn’t of bought that thing in the first place.

There is no "using credit cards responsibly". That just means you think you're losing less than other people.

@@JiisTube I ain't losing shit, haven't even come close to being late a single time

@@S3MTX Yes you are. You have no idea how many ways these companies are making money off you. I was ignorant too, I used to use credit cards constantly. You really think they're handing you free stuff just for not carrying a balance? Your processing fees are paying for it plus extra for profit, and the stuff you buy costs more because you and other people use credit cards which hikes up the price. And do you really think they don't know that someone can just pay in full to avoid interest? They made that arrangement up and offered it to you on a platter, because they make money off you anyway. They got you thinking you're gaining when you're really losing, so they are raking in the income, and they're laughing at you behind your back while you advertise for free for them. You are wasting time learning what they teach, wasting money paying fees and hiking your own prices up, wasting brain focus by routing transactions through cards and checking balances and making payments, and you're wasting time bragging about it, and risking going into debt if you screw up, all just to collect 1 to 2% back from the 4 to 20% you lost. So yeah you're losing, just like I did. And I'm not getting paid anything to help you out here, but they are paid to keep you using it. It's worth looking into what I'm saying.

The stats show that credit card users spend more and save less than debit card users. So regardless of paying them off, if your goal is to build wealth, debit tends to be more strongly correlated with success.

Like removing beer from alcoholics.

Ya exactly. So many defensive comments here. Like, I use CCs and pay off balances but I totally get why they give this advice, and I buy that behavior is going to be different with a CC vs debit. I’ve done enough AB tests on websites to know how easily behavior is manipulated by much smaller differences than this. I like my points though and am not ready to give them up lol

Yea but your spending more when using credits cards. Are you really getting ahead?

@@RL-ww5evno you don’t lmao stop listening to dave ramsey all the advice he gives was only good 20 years ago

​@@RL-ww5evbullshit I've used credit cards for 25 years never had a problem and I don't spend more and I have no debt no mortgage no car loans no school loans no credit card debt and I have money saved anc and im on disability with minimal income so that's bullshit to say you spend more using credit cards it's called discipline knowing you're budget and how much you and yes living below your means

@@ginoturano6821 People love to use strawman arguments when it comes to credit cards.

​@ginoturano6821 nothing that you have said indicates that the claim here is bullshit. You areca sample size of 1. MIT didn't do an individual study on you. They did a study for the population at large using a sample size.

How do you know you are not subconsciously tricked into buying more than you should because you know of the rewards. Ads and reward programs work because everyone thinks they are smarter and are not tricked into buying what the companies want. And yet they do work. Of course people will think they are not tricked when it happens subconsciously. Believing you are smarter than everyone else is not a wise idea

it has nothing to do with this guy or anyone else. he just gave statistics. most people in credit card debt opened theirs with good intentions. btw i use credit cards, i disagree with this take. just don’t think he was attacking the caller here.

@@Konozco I don't think you listened in between the words. George said that credit cards should NOT be used because most people are irresponsible with them. This is a disingenuous response to the caller's question, since it was predicated on the idea that someone IS responsible with a credit card, and I assume he was talking about himself. I also don't know why George would think he was talking about anyone else.

​@@braceyourselvesfortruth2492No he said you shouldn't use a credit card because most people don't realize the psychological effects that cause you to spend more than you think you're spending. The problem with humans is we're really good at lying to ourselves about how "responsible" we are.

@@LoyalSol that still wasn't the question.

@braceyourselvesfortruth2492 Yes it was. It was the answer to the question. Just because you didn't understand it doesn't mean it wasn't.

I’ve had my credit card accounts long before rewards started. The credit card company just started paying me cash points one day. Been floating $4k-$5k in cash points for years just from normal use. It’s one of my emergency fund options now. I fly free any class anywhere in the world for life so don’t care about miles. Used my credit cards like debit cards for 30 years all over the world with zero debt and no fees/interest.

If you can pay off your balance every month you can use a debit card and eliminate risk 100%. Not too hard to understand.

Would you rather spend 2K on a flight ticket or less with points?

You think coming up with $100k is easier than fixing your credit?

Right now a builders loan is around 8% we own the land about ($120K) outright the bank wants 20% liquid so on a 275,000 loan you still need 52k cash. We need Trump back in office.

@@braceyourselvesfortruth2492Point exactly. CC debt is a killer!! With no debt saving 100k should not be hard. Bust your butt and work 2 or 3 jobs. With out car payments and CC payments. Saving 100k could be attainable in 18 months

@@liffy8333 in his defense, I think he meant a $100k down payment. The banks are going to feel like going easy on you if this is what you do, since you're less likely to walk away from the loan with your money in it. Of course I'm assuming they meant for a house that cost less than $500k, which would make the down payment greater than 20%. However, I really don't think this is the best way to finance a house.

​@@liffy8333yup, the more you lend, the more you collect

Half of Americans is more than a few.

@joejitsuway960 If half of the people used them responsibly, we wouldn't have over a trillion in credit card debt.

Still whats the point? Just use a debit card, the rewards you get for a credit card is so small

I can. The struggling parent made the choices that led to their situation. Shouldn’t have kids they can’t afford

I fly free any class for life and 90% discount on foreign airlines so don’t care about miles. Been using my credit card long before they began giving me cash points and can’t complain about current $6k cash points. If people want to have kids they can’t afford that’s on them and not my kids. If people don’t want to live within means,save,invest,and avoid debt like myself that’s also on them. I’ve also volunteered with the Peace Corps for a year,worked with missionaries,and have traveled and spent time in 65 countries so far since I was 18 so I know it’s all first world problems in the U.S..

Exactly. Everyone who uses cocaine doesn’t get hooked and become an addict. But you will NEVER hear a legitimate medical doctor or drug counselor telling people “Well..as long as you use it responsibly some of you will be okay”! If statistically speaking most people don’t use cc’s responsibly then that’s what the Ramsey team will speak against.

Their main audience have become millionaires doing exactly what Ramsey says tho.. you should read the study of millionaires again! They all said credit cards are bad!

@@iseepandas1 I’ve been spending cash using my credit cards for 30 years without debt on them and millionaire by 28. Also own several thousand shares of Visa and Mastercard for 14 years. Retired at 49. Maybe better to do what works for you and not worshiping people you don’t even know.

Too many people don’t have those self discipline.

@@MrOccyc the problem is, they’re using a general answer and applying it to every person. The right answer would be: it depends.

​@@MrOccycBut some do. Everything I put on a credit card, I could pay cash for, but I choose not to. I pay off my balance every month, and I schedule it to pay before it's due. One card, no problems.

Same here.

Right. If you get $500 cash rewards per year for 20 years, then that’s $10k at the end of 20 years. Invested with interest you might have an additional $3k to $4k at the end as well.

These are the people that call Dave. So why would he offer any other advice? The best thing for an alcoholic to do is not even enter a bar.

Yup, haven’t used a debit card since I turned 18.

@@captainviper3888 Not everyone who drinks is an alcoholic...

@@captainviper3888 because he doesn’t just teach this advice to his pseudo-“alcoholics” in your metaphor. He teaches it fundamentally. I had a high school finance class that taught a whole Ramsey workbook and DVD sessions. There was no “you can use it if you are responsible and pay it off every month” option. It was purely “don’t ever touch this piece of plastic and here are all the hurdles you are going to have to jump through in life with buying/renting vehicles, apartments, houses, etc because you don’t have a credit score”

This. I purchase everything on credit, they're far more helpful if anything goes wrong to refund money. I'd rather slam my fingers in a car door then try to get a banks help getting money back.

I meant, “Sears”

Yes. That is the point. Go to Target (or Sears or...) with cash for one item and walk out with one item. Go to Target with a credit card for one item and walk out with five items. Even if you pay off the card in full each month, you could still be spending considerably more than the 1% cash back.

You are a sample size of 1.

​@@alrbredwallNope, 2.

@@alrbredwall Look in the comments sections of these videos and you'll find a lot of people like me. Never forget that other things like insurance costs are based on your credit score and it's well worth keeping a high credit score by using your credit cards responsibly.

@@alrbredwall He’s not alone. Been using credit cards like debit cards before debit cards were created.

@@blackworldtraveler3711 again, this comment is representative of your low IQ. In a world of 6 billion people there is going to a small population that is an exception to the rule. Exceptions don't disprove what holds true for a population at large. The fact that you all fail to comprehend this indicates that your IQ is low.

Let's check back when you're 65 and see whose plan was better, yours or Dave's, LMAO!!!!

"You're playing with snakes." 🤣

Yet here you on social media showing how virtuous you are 😅 " I'm a millionaire" 😂 please stop 😆

@@leechburglights you must be missing the half a dozen commenters who hop on here every video talking about how they're debt free and how superior they are.

@@braceyourselvesfortruth2492 Debt free people are superior. Join the club.

@@braceyourselvesfortruth2492 Because people who have made it through the struggle want to support others and lift them up! Not to say how good they are because they followed the baby steps. This OP clearly says he's a multi-millionaire and accuses the author of mis-quoting the study... when in fact, that is a lie. The study is cited correctly by the video presenter. So how is it that we can't say he's acting virtuous? His statement starts off with a lie, so therefore how do you believe anything else he says?

These videos are just entertainment. No financial issues.

All you have to do is Google "rewards network of the brain" and there is such a thing...

@@RL-ww5ev That is a bunch of BS.

😂show us your study and why we should listen to you? 😅

@@leechburglights you just made a perfect argument against the Ramsey claim. They have never actually showed us these studiies. I'll bet they aren't studies, but just preliminary data on brain patterns that are not peer reviewed and which nobody on this show is qualified to discuss.

@@leechburglightsWhere's George's study? Go and google the studies yourself. These people just love to read part of it. But never dig down into how they were then.

They're truly wrong about just about everything, but it's easy to sell the other bits of advice. A lot of people stay poor by doing the baby steps.

@@braceyourselvesfortruth2492 I also disagree with the debt snowball (paying off credit cards from lowest to highest BALANCE). The debt avalanche (paying off the highest interest cards first) will pay off debt faster.

Why would you recommend a tool to the vast majority of the country that is not able to exercise self control and ends up in crippling debt? The risks far outweigh the tiny reward benefits.@@braceyourselvesfortruth2492

For me it’s gas as well and groceries including medical/dental deductible/copay. Also annual personal property tax,auto/home insurance,and car tags which is around $3k/yr. alone. And everything is pay in cash with my credit cards. Already have $1650 cash credit balance in my credit card account for my annual property tax next month.

I*

Do what you can reason is smart. Don't just listen to personalities on the radio or internet when they say things like, "We teach you to do X," if "X" doesn't make any sense. That being said, I would work on the score for a few months. It will get you better fees, and rates will come down soon. Prices are unlikely to go up much more because builders will ramp up their starts and sellers will be incentivized to sell because they won't be going from a 3% to 7% rate, maybe more like 4.5%, which is more doable. Best of luck.

That’s what they are saying.. there’s no “advantage “ to using credit cards. You aren’t winning any prizes using credit in my opinion and I have several cards.

Yeah it's really not that hard, I think most people just spend a bunch of money they don't have, credit cards aren't bad if you're responsible

I haven’t checked percentage rate on my cards since the early 90s.

And that's only if you wait an extra month before paying it off. If you miss it by 3 days, it's miniscule. I'm on autopay anyway, but George is such a liar.