I'm 20 and About To Pay CASH For A House (Dave's Response May Surprise You)

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[alexsteven.m]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[chrispearce]

Hi I'm 15 and have 629 million in the bank from cutting grass and washing cars. Should I spend 50cents on a cookie?

[brianw.]

Passed 40K net worth today! 100K in no time

[Dhong]

Kid: I’m 20 and I’m going to buy a house with cash

Ramsey: sell the cash

[TopVillain]

Caller: I’m 20 and have 100k
Dave: how’d you save 100k
Caller; I’m blessed
Dave.: so how’d you save 100k

[SingingBeeize]

Dave’s face trying to get to the bottom of the young man’s money : 😣

[TheLockbeard]

Dave: So how did you make $100k at 20 years old?
Miles: I’m just blessed.
Dave:

[Jon_Doe]

why is he so embarrassed to admit tht his parents gave him the money u not foolin noone

[TheEkid]

“Being very blessed” in other words gifted most of that 100k lol

[flippatheshippa]

You could kind of tell Dave was kind of suspect where he got this money ... 🤣

[JJs_playground]

Even if his parents gave him the money, it's still amazing that he's got a good head on his shoulder that he called dave ramsey to ask for advice. *The kid is only 20 years old*

[andreatolentino]

His income doesn’t add up to saving that much. His parents definitely gave him the money. Why can’t he just say that?

[sumeshkuriakose]

At age 20, I started my under grad with fulltime job n11k in bank, staying in apartment with a paid off used car.... this kid is doing great at his age, good luck ..

[samtavoosian]

The goal is to become parents like this guy’s parents

[Chinunit]

Dad rewarded his son with 100k for showing him that he can work and staying out of trouble. The kid is very fortunate to have rich parents

[ss]

The best statement I have ever heard war: If you are 21, everybody expect you to be broke. So live like you are broke and build your wealth like you have been. So in your 30's you can live off your wealth. If you do it the other way around it's going to be harder and find your self broke in your 30's while everyone expect you to have build your wealth in your 30's

[jimroscovius]

He got the money from his parents. That's fine, but why not admit it? We gave a lot of money to our kids, through paying for most of their college. Nothing wrong with that - just admit it.

[FriskyOCallahan]

Miles needs to understand that buying a house is one thing; maintaining it, fixing it, paying taxes on it, and paying for the unexpected all adds up.

[kickandblock]

Dude is trying so hard to appease Dave and it’s hilarious

[factsoverfeelings]

Working hard By itself don't make anyone wealthy being smart with money is more important.