Should I Use 0% APR Credit Cards For Expenses?

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[MrEherndon]

How do you call Dave and ask this? Like just do it behind his back and call back after you're debt like NORMAL person

[isaacmax]

0% int cards are awesome if you’re responsible. I hate paying int. There are actually cards out there that have 0 bal transfer fees. Even better. Keep transferring balances til you’re able to pay it off without ever paying a dime in int or fees.

[abdola-gv]

Dave, God bless you for this advice. That "don't trip on yourself" advice needs to be heard by every American. You don't want to be a victim of the system. Things happen in life, and I hope and pray the brother actually took the advice.

[beemo]

Asking Dave if it's ok to borrow on a credit card is like asking a priest if it's ok to commit adultery. I thought Dave would explode on him, but he gave a reasoned explanation.

[meatwad]

I think we all knew the answer to this question before we clicked on the video.

[tripleekitchen...]

Never hurry to buy a house, you'll regret it after you did.

[DIYApprentice]

Joe is falling for the 0% interest and the "my mortgage payment would be lower than my rent payment" traps. Slow down and breathe, bro.

[triad]

Sorry Bubba, no shortcuts. Take it slow, pay off your student loans. A house is not an investment really once you factor in all the extra costs ie insurance, property taxes, and maintenance. Honestly if your rent is less than the potential property tax renting is better then save up to buy a house cash.

[DanielGarcia-zzeg]

hey man let me tell you something don't run to quick to get a house. your are forgetting the property taxes you have to pay every year which can pretty much add up to almost the amount you pay for a small apartment. so you got your mortgage which breaks up into 3 ways principal, interest, escrow for your property taxes and insurance.

before you buy look at the property taxes how much are you going to pay every single year and you will be shocked of how much it is every year. could be 2, 6, 8, 13K maybe more

[seanhardman]

Real estate investors use credit all the time. Retail buyers stay away from credit for downpayments

[DaboursGarage]

Buying a House that you will live in it IS NOT AN INVESTMENT PEOPLE ITS A LIABILITY

[iheartlreoy]

Stop thinking of houses as investments, they are homes for families, it costs what it costs but it’s worth it because a home and a family are worth whatever

[KnockoutInvesting]

Wait to save 20 percent don't rush it.

[TheCptncrunchify]

This guy is trying to convince himself to do the credit cards, regardless of what Dave is saying.

[josieschmo]

Wealthy people use credit cards. Perhaps they didn't use them to GET wealthy, but likely used them on the path to wealth. I think he's on the right track with his idea. If he qualifies for 0% he has excellent credit.

[jimroscovius]

I can't believe someone would ask this question!! 🙄

[benjaminhough]

Never, for the life of me, will I ever understand why these people call Dave to ask about using debt. You’re an adult, if you want to do something different, do it. But why would you ask the guy WHO BUILT HIS CAREER on telling people to NOT use debt if you can use debt???

[brianyun]

Sigh...

Makes 40k.
Single.
Wants morgage.

This IS a really bad idea.

[DanielGarcia-zzeg]

your PIM won't be but like 38 a month. but you can always put more money on the mortgage to bring it down to where you can call them and say hey my loan is now at 80% and they will remove it. buy your house with that 13% down and when you making payments on the house pay more each month to bring it down to 80% of the loan

[igotonit]

If you have a credit card and you lose your job you're able avoid being homeless while you find another job.. and this is after you were taken to account the emergency fund..