Dave Ramsey, “Fork out Off Property finance loan” Funds Makeover – seven/10
Dave Ramsey’s book, “The Overall Funds Makeover Workbook”, will inspire you to immediate action so you can:
* Style a surefire program for paying off all debt
* Set up an crisis fund
* Get ready for school funding
* Improve your retirement investing…and tons extra!
Reality To Go: Dave Ramsey Writer / Radio Host The Lampo Group, 1749 Mallory Lane, Suite 100, Brentwood, TN, 37027 www.daveramsey.com
100 Huntley Avenue plan #8243
28 comments
David Crandall February 28, 2017 8:51 am
If my dad didn't pay for college I wouldn't have gone. I would be a homeless bum today.
ReplyVTafterbang February 28, 2017 8:51 am
because they are your children?.. you want them to succeed? seems pretty simple to me.
ReplyEl Jay February 28, 2017 8:51 am
27 and homeowner. I want the mortgage paid off so badly I can taste it. Tastes like a donut prodigy hand baked me a sugar glazed.
ReplyPhil Gainan February 28, 2017 8:51 am
Dave's book has really changed my life. Working on the pay off mortage now. Can't get wife on board, so burden is all on me. But can't wait till home is paid off.
ReplyAlexandre Galin February 28, 2017 8:51 am
well said
Replystyleomatic February 28, 2017 8:51 am
Yep, it must be great to pay off your mortgage early. However, do you really own your home if you pay property taxes? It seems to me the state/county are the real owners.
Don't think so? Try not paying it.
Replyrational1776 February 28, 2017 8:51 am
@frugalwife Well it's 3 years later. Did you do the plan? If so, which baby step are you on?
Replywillbotya February 28, 2017 8:51 am
@sethhersch
ReplyDetailed, in depth research to arrive at the above statement,haha
mymoore0526 February 28, 2017 8:51 am
@ Brianstacyn If you like to give your money away to the bank then don't take his advice. Just imagine the peace of mine you will have when you don't have to make a house payment. I had my house payed off once and that took so much of my worry away. I just don't like the fact that every month I was paying the banks almost 500 bucks in interest. I rather put that 500 bucks towards my retirement.
Replyscoobydo February 28, 2017 8:51 am
@rhdtv2002 Focusing on the tax deduction of mortgage payments is making a big mistake in my opinion. You're only get a deduction on the interest portion of your payments, the rest of the interest is lost. And you end up servicing that debt for many more years, so over that time you have been paying more and more interest. The ADVANTAGE of paying of early is that you don't have to pay the interest in the first place. You get to keep it all for yourself or invest it elsewhere.
Replyscoobydo February 28, 2017 8:51 am
The borrower is slave to the lender. That's sooooo true. Compound interest is your friend when you're a saver, and it's your enemy as a borrower.
Replyfijiandevil February 28, 2017 8:51 am
@rhdtv2002 hi read dave's book Total Money Make Over it tells you why it doesnt make sense to own mortgage and if you can get the write off by giving to charity. good luck
ReplySeth Hersch February 28, 2017 8:51 am
"100% of foreclosures occur on home with mortgages."
Dave is so classic.
Replyredstripe555 February 28, 2017 8:51 am
@rhdtv2002 There is no tax advantage, just like there is no debt disadvantage
ReplyRich Lo February 28, 2017 8:51 am
is there any tax advantage when you pay early the house?
Replywhatorwellsaid February 28, 2017 8:51 am
Thanks god for putting Dave Ramsey in my life…I'm a college student and I feel my life will be better now that I know everything he teaches I WANNA BE WEIRD!
Replyskewlboypin February 28, 2017 8:51 am
Canadians are in America, just not in the USA
Replyjebenn23 February 28, 2017 8:51 am
I'm 23, I am paying cash for a house. I think if I stay with my $250 a month rent and drive beaters and shop for deals on food and clothes I can do it.
Replyladytly February 28, 2017 8:51 am
lol. 1 hundred percent of foreclosures are on homes with mortgages. lol indepth reseearch
Replyir10031981 February 28, 2017 8:51 am
sometimes I wonder what's the point of being debt free including the house when you're gonna live alone because you're single and have no children? sure on one hand it's cool to owe nothing, weird! but if you're like me you go to bed somewhat depressed wishing you had a spouse and even a child to share your life with.
ReplyAcousticHills February 28, 2017 8:51 am
@tormozat Are you kidding me?? paying your house off early is the only way to go! IF you listen to what Dave teaches, he says BEFORE you start to dump extra cash on your mortgage to pay it off early, you have to have an emergency fund of 3-6 MONTHS, which would take care of that issue you brought up. PLUS if you were that sick to take 2 months off work…common… You would also have long term health insurance which would pay you 90% or so of your wages every week… Thats also what Dave teaches
ReplyM T February 28, 2017 8:51 am
Gold, IMO, is fine, if you actually POSSES it in your person. If you buy gold, and all you get is some sort of certificate, than how is that certificate any good if our currency does collapse? Who will trade you something for that piece of paper?
Replyy2ktube February 28, 2017 8:51 am
I'm in Dave Ramsey's FPU right now. That said, he's totally off on the Gold question. He says: "Gold has only gone up in the past 7 years" Well yeah, duh ! That's the point,; to have paid off a house in the past 5 years wasted you some 50% of your investment. Gold on the other hand, has DOUBLED your investment. With the "fiat" money we're currently printing, real money will still continue it's uptrend. Real Estate will have to go up a WHOPPING 200% just to catch up to 11/2010 levels.
Replyy2ktube February 28, 2017 8:51 am
Remember "real money" In 1965, 30 ounces of gold would have bought you a new VW, but today, 30 ounces of gold will get you a New Benz. $1,500 today (the price of the 1965 VW) only buys you one Benz wheel ! (Not even chromed)
Replyvention February 28, 2017 8:51 am
@FortNikitaBullion
ReplyPossibly, possibly not. For the last 11 years I paid less than I paid for my old apartment, so I was ahead of the game all 11 years. Now my mortgage is paid off. I still have to pay 100 a month in property tax and 297 in condo maintenance fees but that's only 400 a month. I could work at walmart and still make ends meet with expenses that low.
I just did a check and renting an apartment like my condo would set me back 1100 a month minimum, probably more like 1200. I'm happy.
FortNikitaBullion February 28, 2017 8:51 am
@vention4wh Yes, but you still have taxes, maintenence and upkeep, etc, you're also exposed to movements in home prices, and you've tied up your money which can be invested elsewhere. You can sign a lease to keep the rent from being raised, but this gives you less flexibility to move — its a tradeoff. But I really think it's a renter's market at the moment.
Replyvention February 28, 2017 8:51 am
YA BABY! I DID IT! WOO HOO!!!!!!
This morning I woke up, a couple hours before my alarm. I couldn't get back to sleep and it was for a reason! Today is the Day that I pay off my mortgage!!! Remember when you were a kid on Christmas morning? Remember how you always woke up early and you were so excited? Well It's been about 35 years since I felt that but today the feeling was back! I logged onto my bank account and sent the final payment! Let me tell ya, It's felt great!
Replygigie555 February 28, 2017 8:51 am
Dave Ramsey might sound good, but anyone who missed the gold price increasing 500% in the last 9 years, and calls gold a "dumb" investment, should
Replynot be giving investment advice. If I paid off my $100,000 debt in 2001, I would be debt free. If on the other hand I had "saved" $100,000 in gold (which is really inflation proof money) I would have $500,000 and after paying off the $100,000 plus interest (about $50,000) I would have $350,000 to spend. Not so bright are you Dave?