stanger00
¯
Member # 13818
|
posted
 
 
quote:
Originally posted by 50Reasons:
Cash is king ... Did away with all my cc and pay cash for everything now , now I'm paying off the mortgages early putting all money towards principal don't want any payments anymore budgeting everything.. Try reading Dave Ramsey book it's helping me a lot.. If you don't have the cash u don't need it
I agree with this mostly but if you can't manage credit card debt than how can you expect to save cash to purchase a large item? My opinion is if you can save a large sum of cash then why couldn't you manage available credit on your credit cards?
Another note is you need credit to purchase a home, especially in the Bay Area. So, stay away from Dave Ramsey books if you plan on buying a home in the Bay Area and you only get paid 30 bucks an hour because it's never gonna happen. Get those credit cards, play the 10% balance game for a few years and get that available credit up and maintain a good debt to income ratio to get that huge loan for your own home and once that is done start doing the Dave Ramsey thing. Or live is squalor for 10 years and buy your dream home with cash.
--------------------
2000 Mustang GT Aluminator, TFS, Vortech, AED
Posts: 210 | From: Concord | Registered: Oct 2014
| :
|
Email this post to someone!
Printer friendly view of this Ford topic
