Get. Out. Of. Debt

Dave Ramsey is based as fuck. He knows exactly what he is talking about. Although his advice is mostly for the financially retarded.

The next step after taking the rice and beanpill is to do a maxed out 50% Debt to Income 3.5% FHA loan on property that cash flows positively and live in it for a year to qualify for an owner occupancy for your FHA loan. Try to do this in a 4 unit/4 bedroom city apartment. You can even AirBnB if you apartment is built to be niggerproof.

After 1 year, move out and apply for another FHA/conventional loan. You can use 75% of your first rental gross income to qualify for your 2nd property. So if you can raise rents & your wageslave income by 25%, you can basically buy a 2nd unit. Now you are collecting rent on two 4 bedroom city apartments, and probably increasing your networth by 50K per apartment per year by principal, appreciation, income tax deductions, and other writeoffs.

So basically in 2-3 years, you go from making maybe 80K a year to 200K or something by abusing the FHA program and getting raises from wagecucking.

You're smoking meth if you think that delusional fantasy land bullshit will work.

hes definitely better than he isn't but his debt snowball theory is fucked and will have you spending more on interest in the long run.

You're a lazy fuck who thinks it won't.
t. RE investor

Reminder that Dave gave his daughter a job and house but routinely pilloried young people for living at home and saving money.

is he one of (((them))) by any chance?

His money, his daughter. What kind of fuckwad parent would one have to be, that this is unusual to hear? Go out and earn it yourself and give it to whomever you so desire, fucking faggot.

GROWTH STOCK MUTUAL FUNDS

ONLY A NINNY WILL BUY A NEW CAR

A NINNY

*tsssss* *crack*

Attached: riceandbeans.png (399x511, 243K)

>t.zoomer in debt obviously

I dont believe there is anything wrong with using credit to buy goods and services you can pay cash for as long as you can and do pay it off.

There are people however who will abuse the system and take advantage. I had a ex coworker who told me that as long as I didnt go over 5k the credit companies couldnt come after you. This guy was a loser through and through.

Dave Ramsey has solid advice and everyone here should atleast listen to what he has to say.

Back when I was a piece of shit teenager, the credit card companies came after me for like $600.

Time to do the debt free Yell IM DEBT FREEEEEEEEEE

youtube.com/watch?v=FbuiPcgLyt4

*ahem*

Just don't answer their calls

I love how people treat this guy like a messiah with all the answers to life, like when that woman called him because her husband was having a sleepover at his ex girlfriends house. he's treading a fine line between a cult and a radio talk show.

Attached: zoing__scoob_by_krappykinx_daxrq3c-fullview.jpg (1024x708, 81K)

How low IQ do you have to be to need this kind of advice.

stop shilling your gay ass boomer advice here, it's not relevant to the current generation or current economic reality for anyone under 50

I live a mile from this asshat in TN. Ramsay is a stupid bastard.

>$1.8 Million

Attached: dave.jpg (443x529, 27K)

>hates a man for dispensing common sense.
I guess if you've never been exposed to it before...
I blame your parents

It has before many times but you won't ever see it work because you'll never try to get rich

citation?

> Take out heloc
> biggest you can get
> blow it on cocaine and prostitutes
Give it a shot

Its not about being efficiency mathematically, its about building up the will of someone who is a finanical moron.

They got into debt because they cant control themselves, you need to walk before you can run.

I listen to the dave ramsey show 24/7 ama

Unironically just took out a 20k loan at 15% last month

Yikes

He's a scammer. What mutal fund has an 11% return? If it existed he would just name the fund. Fucking lying boomer.

Dude you don't spend that much more on interest if you destroy your debt fast like he teaches. The point is that taking out small debts methodically is very rewarding psychologically and keeps most people motivated to stay disciplined, personal finance is not 100% about math

Why?
Do you like hearing the same thing over and over?
It seems like the solution is always tge same shit, sell shit youre under water in, budget and debt snowball.

>he thinks they hand out FHA loans like candy

Seriously this is just boomer shit you could've taken advantage of before the 2008 collapse. What you people fail to realize as well is property repairs upon buying units

Oh, kek. This is the guy I hear middle age women talk about every now and then. I'm not gonna cast judgement, but from what I've heard them talking about, it's really basic concepts that fly over the heads of a certain percentage of the wageslaving, zombified, credit card debt laden, consumerist masses.

>I don't hold any gold, it just sits there and doesn't do nothing

Doesn't do nothing
Nothing

Most of his callers are people on minimum wage who just bought a new car when they have 50k student loan debt, they're not savvy in any way.

but he's right fuck capping your income to lick boot also the loan forgiveness plan doesn't work at all lol

>tfw my mom read his books but then bought a new car with debt and still always asks me for money to help pay the bills since "she never has any money," inbetween all the vactions and car payments. She has a well paying job btw and is 7 years off from retirement. How fucked am I?

>just buy a car/home with cash! Only idiots build up credit!
He thinks that only morons build up credit, that taking out loans; small ones is a bad idea. The guy is a moron or a conman

Attached: Trying-to-hold-a-fart-next-to-a-cute-girl-in-class-featured.jpg (1200x624, 251K)

well he is a very strong christian; not sure if he is a Zionist christian or not.

True but there is a market to sell advice to those people, hell I am trying to start up a blog to get some of that audience. It would make a nice side hustle and there will always be people in debt who need help with money.

1 / A naive nubile girl hitch hiking through Somalia

At this point in the game, everyone should be taking on as much debt as possible. Leverage betting, buying durable goods, anything that might payoff.
After the next crash, they'll be able to negotiate on their payments for pennies on the dollar.
If you want to live an honest life and can't handle being under pressure, by all means avoid debt like the plague. The system is set up to reward those types of people though.

If it makes anyone feel better I took out massive student loans to buy shitloads of Bitcoin between early 2013 and early 2014. Never actually finished school either, just lied on my resume and got the highest paying jobs in tech that I could lie my way into and saved aggressively to buy more Bitcoin...
Now I have fuck you money and a credit score below 500 and it feels GREAT.
HAHAHAHAHAHAHAHAHHAHAHA

Attached: 1548882547927.jpg (600x600, 31K)

Not fucked at all if you know how to say no.

Shes my mom man even if she is a textbook boomer still buying car debt into her 60s. I love my mom

you're my hero
any recommended youtube videos for me a wage slave trynnna get fuck you money

i have something better than the baby steps

1#
no children, no pets(financial burden)
you will never get rich with a bunch of mouths to feed and medical bills if one of them gets sick

2# buy a fixer upper house in a rural area for under 40k
your mortgage payments will be low. you won't have to be a wage cuck to afford them. some of those really inexpensive houses are cash only so you might have to live with your mom until you can save up enough money to buy one

3#only buy refurbished or used things(car, computer, etc) you can get a refurbished laptop for under 200 dollars on ebay. only get a used car and don't try to get an overly expensive one like a normalfag

4#never eat out or go to the theater, don't buy overpriced crap for a meal. you shouldn't be eating 10 dollar meals

5#cut your own hair, avoid cartridge razors/disposable razors. only use double edge safety razors. cheaper in the long run. you don't have to keep on buying razors

6#donate blood for money, recycle for money, donate sperm for money

7#store up on canned food, oat meal and other food that doesn't require a refrigerator and fill a whole room full of it

8#avoid using electricity and tap water. only use one outlet. unplug all appliances that are not in use. never use lights except when you need it to search for something. leave your water heater off and only take cold baths year around

9#never use a heater or an air conditioner. use blankets, you weak bitch
when it's hot during summer, just take multiple cold showers. not long ones though

10#on holidays don't buy any gifts for your family. fuck em

11# for entertainment, just pirate everything(ebooks, movies, etc). don't buy anything

Attached: 1545476211863.jpg (1563x1080, 265K)

>leave your water heater off and only take cold baths year around

Attached: 1547898218184.gif (245x179, 998K)

For #9 you forgot about humidity. Good luck with mold and infestations without keeping the room cool and running a dehumidifier. Same in the winter if you don't have a humidifier to stop dry air from fucking up your lungs and throat.

your water heater is 12 percent of your electricity bill

i take cold showers in winter when it's snowing outside

you take a quick one. rinse, turn off water, scrub with soap, torn on water and rinse again, done

>dehumidifier

unnecessary crap. i don't know anyone who owns one of these.
people have been living in houses for years without these fucking things

Don't. Get. Bold.

fuck off lil ree-ree Dave Ramsey is what got me started on not being a nigger with money
My highschool business class was just watching his video's and thank god i took that class
Out of the 18 years a public school the only shit that mattered was what i learned in that class and how to use excel (was taught by the same teacher Lmao!)
He taught me how broken the Roth IRA was he baby redpilled me on debt
Honestly without that class i wouldn't have started a my mutual fund and roth IRA at 18, I'm pretty much set for life at this point and its all because i watched a Dave Ramsey Video
Thank you Dave, you might be a faggot but you set me on the right path

>he doesnt have the self control to save 30k for a new car

Insight into the mind of a nigger

based

Attached: 1533273985135.png (222x176, 62K)

A lot of shit that get's spewed on all "Financial sites" and "Get out of debt" topics is basic common sense.

This is one is by far; Save money by paying off debt first. No shit - yeah you dumb shits you can't save as much if your constantly spending it on paying down debt. Not only that but your actually paying more to pay off that debt in the long haul in fees/interest charges if you only make the bare ass minimum payment. Pay off your debt - then put that pile your were allocating to that debt straight in the bank afterwards.

If you unironically watch this guy you’ll never make it. It’s literally all brainlet tier advice.

Its not really loan forgiveness if you are permanently garnishing your wages to make big scary number in front of you go away now.

I've notice this with a lot of radio shows people will call the host and talk about the most random unrelated to the topic and seem to see the host as a friend to confide really personal things to as though they can help.
I remember when Stephen Molyenux talked to that guy who was dating a Taiwanese whore opening cucking him and they guy was candidly explaining how she'd come home smelling like cum to a flabbergasted Molyenux

>is basic common sense
The majority of people are idiots. Do not ever make the mistake of projecting intelligence and wisdom on to the common man.

>Molyenux
He actually set himself up as a therapist/advisor. Moly has an actual cult following that, like his idol Ayn Rand, he encourages and gets off to.

>dehumidifier
I'm sorry? I actually live in a middle of sister fucking Louisiana swamp and I have never seen anyone outside of plywood offices use those myself included. The walls in my house have stood for generations.

I'm not sure what philosophy and therapy have to do with cringing at a guy explaining how cucked he is by is girlfriend, but okay.

>He taught me how broken the Roth IRA was
Redpill me in this.

*snif*

im smoking meth and dont think itll work

1: Ok
2: Let's live in the middle of nowhere with 0 job opportunities, right. Might as well live in a fucking tent.
3: Ok
4: Ok
5: Ok
6: Drive 100+ miles to nearest city for $15 because you live in bumfuck nowhere
7: Mormon.jpg
8: Absolute retardation. Standby power for all home devices is likely Cold, short showers
Actually believes water prices are significant in monthly expenses. lolok
10: Going on holiday????
11: Ok

Your list is absolutely retarded. If you unironically live like this you might as well be homeless.

1) Depends, I think people start families too early before they know what they really want & have a plan

2) I would buy a house in a big city/coastal area during a recession when everyone is failing to cover their debts and bail out. Otherwise, yes, just be mindful of property taxes. In a state like Illinois you're paying about 2% a year off of the home value alone, which really sucks

3) Big yes, imo the match on this is huge. Paying 60% for an item that has 80% of life/value remaining is always a net gain in your favor. Bonus points if you sell it again to get cash back once it turns into junker tier

4) I only like going out/eating if it's social with other people. Building relationships is worth the extra cost

5) $20 for a cut from a great professional pays itself over. I do agree with DE safety razors

6) Depends - don't be penny smart dollar foolish, always weigh these things out in earnings per hour. Don't do shit that equates to making minimum wage per hour

7) Eggs are amazing for protein and good fats and super cheap

8) Meh, utilities will always exist. As long as you're not running space heaters 24/7 in every room the best you'll ever do is insulate things properly for savings and maybe getting a nest or something to optimize your AC/heating

9) meh

10) lol, I like getting meaningful gifts once a year for people I genuinely care about

For number #5, while not the sole reason, I had a great cut the day before a big interview and got it... I can't help but attribute what my go to barber does for me. I always tip well and it's definitely paid off in quality of service.

why would anybody live like this lmao

Dave Ramsay gives very basic advice for those who are bad with money. If your IQ is north of 115, nothing he says will benefit you or even apply to you, you most likely already follow his advice just because it's in your nature.

Tl;dr: He isn't some genius stock guru, he helps low IQ people understand why they will forever be poor by having loans with 15% interest rates

Anons advice for making it in 2019 is to live worse than literal prisoners.
Cool

AW GEEZ DUDE, I HURT MY LEG BRO! THEY GOT ME ON THESE PILLS!

There is no income requirement to qualify for PSLF.

>2# buy a fixer upper house in a rural area for under 40k
Then I won't be ale to have a high paying job in my field, you retard.

Do you have an air conditioner? AC's are literally dehumidifiers

if i had to take cold showers until making im not sure if i want to make it

>property repairs
My parents have rented apartments in the past and maitenance is nonexistent if there is a HOA. Most city apartments have an HOA.

At the most, you replace furniture, repaint walls/molding/cabinets (my parents own a cabinet shop, but they have equipment to do it onsite). Maitenance on a 400K city apartment is about 2K a year or so. (Repaint, fix damages, cleaning, etc...).

>getting raped on student debt
>can't refinance because debt/income ratio plus they're fucking student loans so they're unsecured
>only thing I can do is keep making monthly payments
>actually have an 800 credit score because I've been doing this so regularly for almost a decade so ironically I could probably take on MORE of the "right kind" of debt (fucking car loan or other useless shit)

Wait, so you're telling me I just need to make more money? Wow thanks for the advice, you faggot boomer.

how quickly do private entities find out if you change your name? i just want to be Guy Incognito

why would you need a high paying job living the way i suggested? you just get any job, even a minimum job

>If you unironically live like this you might as well be homeless.

you can't store your possessions anywhere
and you have no proviacy when you are homeless.

i would be willing to be homeless if i were guaranteed not to be bothered by police or any body else. let me be in my tent and don't steal my possessions
in real life people bother you and you get your possessions stolen

minimum wage job*

some of the people who call in seem to have jobs that require some education. they can't be that stupid.

His advice is primarily "stop spending money," and it's geared towards completely retards who finance nice cars go out to eat, and waste money on flashy shit with no pragmatic value.
Really, most of the country is like this.

Nope

Attached: 1471539496535.png (409x406, 178K)

Yeah man just buy an apartment building

>keeps touting his "mutual funds" that return 14% a year consistently for the past 30 years or some shit
>never says what they are
>people looked into it and they don't exist

If you have a high paying job, you surely can afford 40k rental/fix-up property. Guess you spend it on_soy and avocados. Quit being a faggot.