mortgage simple definition: Mortgage Moment Ep 021- Dave Ramsey

Mortgage Moment Ep 021- Dave Ramsey

Mortgage Moment Ep 021- Dave Ramsey. Dave Ramsey Explains Why He Is Okay With Mortgage Debt

Mortgage Moment Ep 021- Dave Ramsey video duration 4 Minute(s) 55 Second(s), published by Kit Crowne on 07 06 2019 - 18:44:44.

I'm calling you out, Dave Ramsey! Watch this jaw-dropping and gospel-true story about a Dave Ramsey disciple and find out why some Kool-Aid isn't safe to What are some things that you do to stay motivated while you are paying off your mortgage?? ⭐My Instagram https://www.instagram.com/slaythisdebt ⭐How .

Get a FREE customized plan for your money
It only takes 3 minutes! http://bit.ly/2YTMuQM Visit the Dave Ramsey store today for resources to help you take DAVE RAMSEY'S BABY STEPS: 0 (HIDDEN STEP)- GET FINANCES FOR BASIC NECESSITIES COVERED (HOUSING, UTILITIES, TRANSPORTATION, FOOD Dave Ramsey Explains Why He Is Okay With Mortgage Debt
Dave Ramsey Explains Why He Is Okay With Mortgage Debt Visit the Dave Ramsey store today for .

I’m calling you out, Dave Ramsey! Watch this jaw-dropping and gospel-true story about a Dave Ramsey disciple and find out why some Kool-Aid isn’t safe to drink.

KitCrowne.com We are licensed in FL, CT, MA, ME, RI, VT, NH, NY

Hello, Kit Crowne, here, your Mortgage Consultant for Life. Welcome to this week’s Mortgage Moments Video. I will have a new short video on a mortgage or financial fitness topic every week so please make sure to follow my YouTube channel (show link) or visit the Mortgage Moments section on my website, KitCrowne.com, for the latest video.
Let me share a true story with you. Several years back, I had a referral relationship with a company called Churchill Mortgage. They are the preferred mortgage provider promoted by Dave Ramsey, the super-star radio host and advocate of debt-free living. One day I received a call from a fellow living in central Maine who was looking for help getting a construction mortgage and he shared that he’d already been turned down by his local bank. When I asked him why, he said it was because he didn’t have any credit scores and that he wasn’t going to get any, either. Now, conversations about mortgages have a way of unfolding on their own and ours was no exception but I have to say that I was pretty surprised when he drew a line in the sand right away. “Why aren’t you going to get any credit scores,” I asked naively. “Because Dave Ramsey says we should live debt-free and without any credit cards or loans and that’s what me and my family been doing for years now.”
My mother taught me a long time ago not to argue with customers so I resolved to keep tugging on the threads he was offering me in hopes of getting the whole story. “What do you need a construction loan for,” I asked, hoping to steer the conversation away from a philosophical argument? “Well, that’d be to finish the house I started. We’ve been living under a blue tarp in the foundation I poured 3-years ago and my wife said I either need to finish the house before another winter comes along or she’s taking the kids and leaving.”
I really think we need to pause here for dramatic effect. This fellow had survived 3 winters in Maine living under a blue tarp without running water or central heating. But wait, there’s more: he had a wife and 3-kids, too. And mama said another winter was too much.
I gamely offered “I can get you credit scores in 2 – 3 months. All you need to do is open 3 secured credit cards and…” and that’s as far as I got before he cut me off. “I’m not gonna do that,” he said. “Dave Ramsey says not to.” “But you said your wife and kids are going to leave if you don’t finish the house, right,” I asked? “Well, that might be true,” he said a little ruefully “but Dave said no credit cards and I’m sticking to the plan.” I knew there was no winning him over so the call ended pretty quickly after that. I have no idea what became of him… or his marriage… or his family.
Why am I telling you this story? It’s not to criticize the core ideas – live below your means, build up your savings, pay-off your debt – that Dave Ramsey and I agree on. It’s to say that Dave Ramsey preaches a radical and extreme off-the-credit-grid lifestyle that can have some serious negative consequences and drinking his brand of Kool-Aid could have you living under a blue tarp. In Maine. In the Winter.
Like diet… or exercise… or work… it’s absolute gospel that everything should be done in moderation. The ideas I’ve shared with you in my videos are the ones that will allow you to build real wealth AND keep a real roof over your head – one with walls, heat, and running water underneath. Keep that focus and you’ll never have to worry about money and you’ll never have to worry about falling off the grid, either. So here’s my problem with Dave Ramsey: his brand of extremism leads to people making radical and, may I say, life-threatening financial decisions.
Dave Ramsey, if you have the good fortune to see this video, I’m calling you out. Let’s go a few rounds in the financial ring - mano-a-mano - so that I can show you the Kit Crowne way. Because the fact is that credit doesn’t kill people’s budgets, people’s relationship to money does… and both of us are on the same page when it comes to redefining that relationship.
Well, that’s it for this week. Thanks for watching and remember always that I am here every day to help solve the problems that living-life-on-life’s-terms sends your way. Keep my number close by so that you can reach me anytime you need my help, or anytime someone you care about needs someone who will care about them as much as I care about you.
See you next week!