Can a 24-Year-Old Really Pay Cash for Investment Properties?

Can a 24-Year-Old Really Pay Cash for Investment Properties?

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• The Ramsey Show (Highlights):

[taylorriccelli]

Paid off my house in April. Took me 4 and a half years.

[ChrisMFlorida]

I love my paid for home 🏡. It allows you to do so many other things with the cash. Good peace of mind too.

[joshcarter]

Don’t be afraid of a little leverage. Just have to do the right deals.

[LandonWinton]

This call blew my mind because I'm also planning to buy a rental property soon. I'm 24....my name is Landon...and I live in Memphis too. Must be a sign.

[MisterConcise]

I’m proud of all my young people investing in their future and making smart moves with their money 💰

[charliethomlin]

I'm 14 and I've been debt free since 01/01/2006!! Thanks Dave!!

[TeKnoVKNG]

Wait until early/mid 2021 when the housing bubble pops, then you can load up for the real estate portfolio at a discount.

[josephdickerson]

Fun and inspiring. You can see Dave's excitement for them but he is still able to give sound advice for the finances and their marriage.

[wheelsdown]

I love these calls with just Dave, he really opens up and you can sense he is more himself

[brianmcg]

Graham Stephan. His first three properties were paid with cash.

[ryankiel]

And he said to them, “Take heed, and beware of all covetousness; for a man’s life does not consist in the abundance of his possessions.” Luke 12:15. "But those who desire to be rich fall into temptation, into a snare, into many senseless and hurtful desires that plunge men into ruin and destruction." 1 Timothy 6:9.

Beware brother! Those of us who love Dave and want to follow his advice take heed; myself included.
Why doesn't Dave ever quote those verses? It seems like much of his business is geared not just towards a helping people gain a comfortable retirement but towards gaining riches. There's a problem there.

[natita]

Thank you Dave! This was exactly the advice I was looking for at 24 when I called the show, but Chris was taking calls instead of you. 😅 All things in good time though! 🤣 I love the entire Ramsey team! ❤

[MisterConcise]

I don’t think your age matters when it comes to paying cash for anything or when it comes to investing. If you got it you got it 🤷🏾‍♂️

[sylvestercoffee]

"The rythm of the journey", very wise !!

[Excalibur]

I know you're out there Mr. Wick. I haven't seen your comments in a while and I just hope you're doing well.

[LetsTalkPersonalFinance]

This guy and his wife are an inspiration!

[ryankiel]

I remember being 22 years old and being this enthusiastic .... about being a priest. Four years in seminary wasn't the best way to build my wealth. It served its purpose though. I am happily married with beautiful children and trying to catch up my retirement nest egg.

[Trenttabor]

I’m 24. 3 properties. 80% equity across 300k value in them. Alittle more to go but the debt will be gone soon.

[Jelly._.cat._.]

Dear caller, congrats! Keep going. I was going to throw all money at house/investments until it finally dawned on me that I’m not going to live forever. Now I use 25% for paying house down/investments and 25% for fun things now. The way I look at it is I shouldn’t even have that 25% to do investments with, so I’m way ahead already all while enjoying “now” (life)

[roolyfe]

Housing is so cheap in the south and Midwest!