How Do I Tell My Wife Her Idea Isn't Worth It?

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[jimmymcgill]

It's called personal finance for a reason. It is not a 1 size fits all.

[MaynardGKrebs-ttdd]

I have had credit cards for over 40 years. We missed one monthly payment (by accident) 25 years ago. When I complained about the surcharge, they lifted it. Credit cards are not a problem if you are disciplined.

[HillBillyBarry]

I have a great credit score and I'm debt free. Every time I thank about going back into debt I watch a few of your videos. After that I'm to scared to go back into debt!! 😂😂😂😂😂😂

[unclebenny]

What is the probability of a young couple buying their first home by saving 20% down and a 15 year mortgage when interest rates are at a decade high and home prices near record highs?

[mlandrew]

Just get the card and pay it off every month. Your wife is smart

[GunGlutton]

Their zero credit idea is so frustratingly stupid

[rooster]

15 year mortgage for a first time buyer is next to impossible in this day and age...for the average family that is that wants to have children..

[marygassman-baltierra]

My son's favorite place we lived was the low income apartments because he had a ton of other kids to play with 😂 Perspective

[patty]

This question has been asked probably 1000 times on the show.

[frankm]

Your wife is right. Listen to your wife. Manual underwriting is easy when it's said on the radio. If that was true, he would give you the name of his lender. 🦗🦗🦗

[curiouscat]

You and your wife should make an appointment at your bank to talk to their loan officer and ask all these questions. Even fill out an application for pre-approval to buy a hypothetical house. The banker will be happy to do that and you don't actually have to use it. These blokes on Dave's desk don't have enough information to advise you because there are so many variables and options. Don't dismiss your wife's concerns until YOU really know what you're talking about.

[carlaritchie]

I love the FPU gift for a recently married couple to help get aligned on the same visions and commitments.

[BE]

Compromise... Get the card. If it isn't paid in full every month, you cut it up and get rid of it.

[nikolaig]

I have called church hill they claim having no credit score is worse than having a 600 cedit score. They also claimed my intrest rate would be worse than someone with a bad credit score

[silvesterbaez]

“bedrock of your soul” choice of words 👌🏾

[Shay-ygnm]

I agree with the wife. Nothing wrong with a CC if your disciplined

[anthonykence]

The problem with a 15 yr mortgage is that most people cant afford the payments on these. Because house values are up and interest rates are up.

[brett]

There’s absolutely nothing wrong with a 30 year mortgage. Why? If you buy right and didn’t go overboard and you want to pay it off faster you can easily pay double payments monthly with that second payment going straight to principle. Then, on the future if you get in a bind and cant afford the double payment for a month or two you can easily scale down the the regular P&I and not worry about missing a payment.

The anti debt stance of the Ramey brand loses a ton of credibility when it ignores very simple financial techniques that are huge lot beneficial to people.

[FrankS]

She is correct. If you’re both responsible with money a credit card is no different than a debit card except you are utilizing the cash back to offset the cost increase businesses add to products for their cost to accept said credit cards.

As for manual underwriting….it’s more expensive. PERIOD!!! Interest rates might be similar but what they don’t tell you is the closing costs / points are much higher.

[sneakerfreak]

Oh ffs. Get the credit card & buy gas groceries each month & PAY IT OFF😂