This study examines the effectiveness of credit counseling within homeownership education and counseling (HEC) services on credit scores. The pre- and post-counseling credit scores were obtained for low- and moderate-income households. A growing body of evidence primarily considering HUD-regulated programs for low- and moderate-income households demonstrates that HEC can help participants lower their housing costs, save more income, improve their credit, avoid delinquency, address defaults, and avoid foreclosure.
The offer of homebuyer education and counseling had no overall impact on 60-day delinquency rates. However, those in the treatment group benefit more. HEC can help participants lower their housing costs, save more income, improve their credit, avoid delinquency, address defaults, and avoid foreclosure. Between applying and closing on their home, Habitat homebuyers who completed the FCP reduced their debt by more than $200, increased their credit scores by 100.
Homeownership Education and Counseling (HEC) have received wide support, based on several perceived values: borrowers receiving counseling are better able to handle the responsibilities of homebuying and financing. Using propensity score matching, it was found that first-time homebuyers who reported receiving HEC also reported better mortgage knowledge, more confidence in their financial decisions, and lower mortgage costs.
In conclusion, raising credit scores is often a key element to pre-purchase counseling for homeownership. HEC can help participants lower their housing costs, save more income, improve their credit, avoid delinquency, address defaults, and avoid foreclosure.
📹 May 2012 Homeownership Education and Counseling Services Webinar
On May 22, a panel of housing experts held a webinar on effective homeownership counseling services. Topics included: Results …
Does Fannie Mae check credit?
Credit scores are required for most loans purchased or securitized by Fannie Mae, with the classic FICO score produced by Fair Isaac Corporation and available from three major credit repositories. DU does not include credit scores in its risk assessment, as it analyzes credit report data. However, lenders must request credit scores from each of the three repositories when ordering a three-in-file merged credit report.
If one or two repositories do not contain credit information for traditional credit borrowers, the credit report is acceptable as long as a credit score is obtained and a three-in-file merged report is requested.
What is an educational credit score?
An educational credit score is a credit score provided by free credit score apps or websites to help users monitor their credit score and improve it. It can help identify fraudulent activity or errors on a credit report that don’t belong to the user. Educational credit scores are calculated using a soft credit inquiry, which looks at past performance and can be up to 30 days behind. This inquiry typically looks at past payment patterns, such as late versus on-time payments and the number of credit lines open or recently closed. It is important to note that educational credit scores are not indicative of current performance and may be used by credit bureaus to sell credit cards.
How to get 800 credit score?
A credit score of 800 or higher indicates exceptional borrower status, surpassing the average U. S. consumer score. This score can qualify for better offers and faster approvals when applying for new credit. To achieve an 800 credit score, one must make on-time payments to creditors, maintain low credit utilization, have a long credit history, maintain a good mix of credit types, and occasionally apply for new credit lines.
Achieving an 800 credit score requires on-time payments to creditors, low credit utilization, a long credit history, a good mix of credit types, and occasional new credit applications. Credit scores are three-digit numbers ranging from 300 to 850, summarizing credit risk based on information in credit reports. The most common credit scores are FICO scores, calculated using five categories of data.
In summary, an 800 credit score demonstrates exceptional borrower status, offers better mortgage and auto loan terms, and may qualify for credit cards with better rewards and perks.
Which organization provides support, coaching, and education for potential homebuyers?
NPHS offers free Homebuyer Education workshops for potential homebuyers to prepare for the home buying process. These workshops cover topics such as Commercial Realty Services, Access to Capital, Employer Assisted Housing, Financial Wellness for Homeownership, Seniors, Somos Familia, Financial Wellness for Retirement, 2024 Campaign for Homeownership, NPHS Community Land Trust, Factory-Built Housing Social Enterprise, Sojourner Solar Program, Community Investment Trust, Social Impact Investments, and Freddie Mac Borrower Help Center.
Is a 900 credit score possible?
The CIBIL model allows for a 900 credit score, but it’s rare. A score above 760 is considered exceptional and offers benefits like lower interest rates and improved loan approval odds. Key factors influencing credit scores include payment history, credit utilization ratio, credit mix, length of credit history, and new credit inquiries. Consistent on-time payments, low credit card balances, and responsible credit management contribute to a high score.
Is Fannie Mae HomeView acceptable for home?
HomeView® is a tool designed to equip first-time homebuyers with a comprehensive understanding of the intricacies of the homebuying process.
What are the 5 factors that affect your credit score?
Credit score is a crucial factor that influences your financial situation, affecting your ability to qualify for new credit cards or secure the best mortgage interest rates. It is influenced by five factors: payment history (35%), amounts owed (30%), length of credit history (15%), credit mix (10%), and any new credit (10%). The FICO Score, the most widely used type, ranges from 300 to 850, with “poor” scores below 580 and “good” scores around 670. Understanding these factors and their weighting in your score can help you make informed decisions about your financial situation.
Does your education level affect your credit score?
Earning a college degree can significantly improve your credit score, as it can lead to better career opportunities, communication skills, decision-making abilities, and financial stability. However, this requires a disciplined educational lifestyle and long-term study habits. Building a strong credit score takes time and discipline, and it is not something that can be achieved overnight.
One common misconception about higher education is the need for student loans, which can negatively impact credit scores and the chances of obtaining a decent loan after college. However, paying off student loans can be an effective way to boost credit scores, as regular, on-time payments can help credit bureaus see a long, healthy credit history. Despite the negative perceptions, paying off student loans can be a silver lining for young people, providing a long-lasting financial stability.
Is Freddie Mac a HUD approved agency?
The Department of Housing and Urban Development (HUD) maintains a list of approved housing counseling agencies, which includes Freddie Mac Borrower Help Centers and the Borrower Help Network. Thirteen regional Borrower Help Centers, operated by HUD-certified nonprofit agencies, constitute a centralized resource for mortgage assistance.
What habit lowers your credit score?
It is a well-established fact that late or missed payments can have a significant impact on an individual’s credit score. In general, higher credit scores are associated with a steeper drop in score when such payments are made late or missed. Furthermore, such payments may remain on one’s credit report for several years, underscoring the importance of avoiding them. To guarantee punctuality in payments, it is advisable to arrange for automatic payments. In the event of a late credit card payment, Experian’s guide offers advice on the subsequent steps to be taken.
What is the minimum credit score for home possible?
Home loans in underserved areas are available to individuals with a range of income levels and credit scores, with the minimum score for purchase transactions being 660 and 680 for no cash-out refinances.
📹 Dave Ramsey Loses His Mind Over This Advice On Instagram!
Explore More Shows from Ramsey Network: 🎙️ The Ramsey Show ⮕ https://ter.li/ng9950 Smart Money Happy Hour …
“so I’m basically getting the car for free”. This is so sad. A girl with 7000 pounds in her pocket thinks that the interest on that can pay for a car. Oh my goodness, so sad, she’s lost her savings and now she’s going to pay for a car that will be depreciated the minute she drives it out the car dealership.
That is also not “arbitrage” which is finding something for a lower price in one market and obtaining it after having already found a buyer willing to pay more in another market. So for example you go to a closed bankruptcy liquidation where expensive popular items will go for 10% of retail. Before you go you have 4 friends commit to pay you 30% of retail each for one of the items.
the system only works IF it works. meaning if ONE thing falls off, as rachel and dave gave many examples of things going wrong, it means that the person who’s signed for the loan is responsible for all payments. it’s kind of foolishness stemming from half-baked thinking of people that think “i am so very smart”. it’s especially a bad idea when the borrower has no steady stream of income, savings, etc. life happens. rarely do things go as planned. and especially in this economic climate, the social media guru’s economic conniving could fall flat on its face at any time.
*Banks use arbitrage every day*. They pay you to leave your money there and sell it for a higher rate. That said, any individual that thinks arbitrage works outside of banking is a fool. It’s illegal for local governments to do it even though the municipal rate structure makes it seem profitable. Lastly, banks are FDIC-insured ponzi schemes — if every depositor tried to withdraw all their money at once, you’d see them go broke as in the 1929 runs on the banks. I agree with Dave on this one – just say no.
Kudos to this girl’s father for attempting to teach her about finances. However, this is not a good example of arbitrage. In this case, the investment transactions are not in the same or similar class. There is no rapid judgment in the classic sense of arbitrage. And the profitability of the scheme is doubtful. I could not imagine being a young person with a sizable consumer debt on a depreciating item. The best thing she can do at this point is to invest in herself and get a good education. I wish Dave took the opportunity to explain directly to her why her dad’s scheme is unwise.
You’re right – there is no secret to getting rich! My dh worked 90 hours/week doing the jobs of three people because he couldn’t afford to hire others for many, many years. Now he is semi-retired with 50 employees, our house is paid off with a very fat retirement income and we can afford to be generous with many charities of our choice. I know it’s harder now than it was when we were young, but working 8-4 and sitting in front of a screen the rest of the time still doesn’t bring in real wealth. When our kids were younger they complained that we went camping for holidays and their friends were going to Hawaii and Mexico. Their Dad told them that when the house was paid off he would take them on nice holidays. We have had amazing trips and cruises with the entire family since the house was paid off – I never regret those choices.
I wish Dave kept his cool. Dave only broke down a couple of the big problems with this. What if the 15 year old girl watched Dave’s response article and wanted to know exactly what is wrong with each part of this? Spend more time pulling this apart step by step. Why is Airbnb a bad investment. Why is a car loan a bad idea. Why won’t this work. Where does the 14% number come from. How will this play out in real life on the first month when the car loan bill comes through. Less diss and more dissect!
The real scam: If you make a article giving the dumbest possible advice to your “daughter” and it appalls enough people, it will pick up traction and go viral. You can pay the young actor who plays the role of your daughter a small fee and then buy yourself a new car. It could work. It could fail, but then there is so little to lose.
That’s the problem living in a post-accountability era. There has to be some secret that wasn’t shared or some opportunity not granted. It can’t be that for the most part some people are just better with money and get rich slowly since that’s the reliable, repeatable way to do it. It can’t be that because that means everyone else just made less than optimal financial decisions.
I agree with you Dave and would never do this. But just to clarify…Rental arbitrage is when you sign a long-term lease (usually with a good guy clause) to rent out a place, then list it on Airbnb, VRBO and other sites as a nightly, weekly or monthly rental. And there are people making money using this system. So $7k-$10k is a feasible amount to get started.
She’s not buying an Airbnb, she’s using what’s called arbitrage, which is signing a rental lease with an owner and then furnishing the property and listing on Airbnb. It’s risky, but can definitely make money if you find a landlord willing to sign off on that. Love you two, but how do you not know what Arbitrage is? Haha.
He’s wrong in that there are a lot of millionaires who used debt to get there, it’s almost impossible to do so without using debt. It’s the kind of debt that matters. I would argue car loans are not a good type of debt. But I don’t know if you can buy a reliable car for 7k, so if you can invest the 7k for more and purchase a car with a fairly low interest loan that’s not gonna constantly break down, it might make sense at this stage in her life. Hard to say without the details.
So all they’re doing is choosing to finance the car and using cash to invest with a higher return than the interest cost of financing the car. This is no different from deciding not to pay off your low-interest mortgage if you expect to get a higher return from that same amount in the market. Don’t need to slap a fancy name on it.
The biggest flaw in this “logic” is that she claims her AirBnB investment will “pay for” her car. At best, it pays the interest and a few dollars of the principle. Ignoring, for argument’s sake, compounding interest, the simple interest on her $15k over 5 years would cost $2625 (.035×5=.175; .175x$15k=$2625). The simple interest on her investment would be $4900 (.14×5=.7; .7x$7k=$4900). Depending on how either one is amortized those numbers could be higher or lower in reality, e.g compounding interest on the loan would cost more and on the investment would earn more. Maybe she saves $2500 over the course of the 5-year loan, so that’s $500/year for a total savings of around 15% of the $15k+interest loan. Not terrible, but also not a free car. Working backwards, if she wanted a completely free car she should have borrowed & bought one for +/-$4k, after which the interest would bring the total cose to $4900 and she would still have the $7k principle. As far as Dave and Rachel’s view goes, they are anti-debt and would prefer she bought a $7k car with her own money, but Robert Kiyosaki might consider this a calculated investment.
Dave can’t even articulate why that is supposedly a bad investment idea other than “I personally never seeb anyone become a millionaire like that”. They never claimed that would make you a millionaire lol. Dave is completely emotional here and trying to find reasons to justify his emotional conclusions. “Well, what happens if laws are passed that make your Airbnb illegal? Boom, you’re broke”. Okay? That could be said about many investments. He’s looking for problems in their advice lol. All because he didn’t like how they came off. My God. Man baby.
At no point did this girl say she was spending $11,000 on an Airbnb to be fair all she said was I’m putting the $7000 I have into an Airbnb to make enough money to make my car payments which I don’t know how scummy that really is if she’s investing in property if that’s what she wants to do and she wants to take that risk. I don’t know why you have to get so mad.(other then the kinda slimy high horse they seem to be riding) I’d sure like to know what’s wrong with risk ? and I’m sure her dad would be there to bail her out if the money from the Airbnb doesn’t pan out because realistically it’s his plan not his daughters😂
The article was not clear on how much of her 15k loan and 7k cash was being invested in Airbnb and what the cost of the car was. Please correct me if I’m wrong with my math: 15000 x3.5% apr = 525/yr or 43.75/mo 7000 x 14% apr = 980/yr or 81.67/mo 81.67 – 43.75 = 37.92/mo to put towards monthly car payments? while never paying off the 15000$ car loan?
have a friend that is a millionaire and he is legit this is how he did it he joined the military at 18 left officially at 35 with honor also has 2 kids used his paychecks and bought a auto business and 4 rentals went to college for free because of military got a masters degree joined the national guard to get more money and gives up 1 weekend a month and also because of that he got known enough in the community he ran for county commissioner now he is the director of the county making 165 grand a year plus full retirement from military and getting paid rentals and auto business sent both kids to military so they get free college and discipline and now they successful with families of there own and they also are in charge of his business and rentals of there own . All was achieved from hard work and time
Dave is 100% right on this. The dad in the article must have read Rich Dad Poor Dad by Robert Kiyosaki because that is the drivel he promotes. BTW, I have owned my tax practice for 40 years and have seen this rubbish flow through over the years. And, once again, Dave is right. I have never, NEVER, seen anyone espousing this theology return as a millionaire. If they are lucky they will avoid a negative net worth. Not everyone is lucky. Keep up the good work. People need to hear how back much of this advice is.
Whatever people to do advance themselves and live a better life so long it’s not at the expense of others, is winning. Dave’s arrogant in every sense and always has been out to demonize others yet. But for the good he does I praise him, but I’m not out making articles tearing him down for the things he doesn’t do right. All though I am writing this.. Anywho, who gives a shit, life’s weird
Unless I am wrong, that would just mean that she’s paying the interest plus a small amount of principal with the interest she collects on the AirBNB. Meaning that instead of saving the small amount of money to buy a depreciating asset in cash, she is using her $7,000.00 to to pay the interest. She could have just paid 2,625 in interest but instead she’s tying up all of that money for a low return investment that would only be suitable for long term wealth building. She could have bought and sold goods at that age for way more. She basically just paid $7,000.00 for interest that should only cost her 2,625.00 and still had to pay $15,000.00 for the car. She just lost $4,375.00
My dad has been tough on me about investing since my first part time job. I bought my first house 2001 at 26 that he promised to match what I saved for a down payment. That turned into an investment after GWB crashes when I met my husband and couldn’t sell it. Ended up acquiring the attached property in a land transfer deal which we gutted, renovated and sold in 2009 for profit during the brief rebound. Leased my first house till market rebounded during Obama… 1 day on the market sold to a cash buyer in 29 days. And at that point 41, divorced my husband and bought our house from him 2016 with 3.25% interest rate because of my credit score and income. Dude talking about a 15 yr old getting 3.5 % rate it BS.
If it was this easy and risk wasn’t a factor then car dealerships would dump their cars and invest in air bnb’s. Chances are, the guy is using her to promote selling bnb’s or something else he is selling since he calculated the amount of return needed (14%) on a total of a $22k investment to make the payments on a $15k loan at 3.5%. And if it wasn’t for the magical $7k she had lying around, then she would have needed a guaranteed 19% return for five years to make her payments.
Wow also she is not borrowing 3 cents for dollar when you finance a car for 3% you paid first a lot interest and little principal at the end of the contract she will paid a lot of more my car was 23 grand at 5.89% for 72 months monthly payments was 387.77 the total should be 27,919 there is 4,919 more is not the 5.89% is around 21.5% of the total value . I paid a little less because I paid the car en 58 months and still driving the same car and I will not buy until this car is done banks are monsters. She think she will paid 3 cents for a dollar and she is not
They make some sense. But it is not through a conventional bank or mortgage loan. That’s why Dave Ramsey thinks it is outrageous. She will use 7k for a down payment for a property under owner financing and an agree a pond rate of 3.5%. Then use the cash flow to pay for the 15k vehicle. The property and income(cash flow) is the collateral to borrow 15k from the bank. They must have the property line up ready to go with the terms ready which is very difficult. Then the Airbnb may not make enough to cover the car loan. Worst case she lose the car and keep the property. Still a win.
The dad in the article and his daughter were right, it’s just not what Dave teaches. And sorry Dave, but you just met the first multi millionaire who did borrow against a vehicle in the early days to buy a property that made me money to continue to buy more of them, and now I’m living like no one else. Dave has great advice for people who want to live simple lives, but if you want to build actual wealth his ways don’t work.
I feel like dipshit Dave is spinning this a little bit. He keeps harping on the for calling the car assets yet they never did. They said buy assets and let them create cash flow to purchase “stuff”. I mean his process works on paper but as Dave said that’s assuming everything goes perfectly in order and it doesn’t get shut down. And her purchasing an Airbnb for 7k lol right but I still think Dave is the one dripping with arrogance more often than not.
1st: yeah, he’s slimy and with much arrogance 2nd: it would be better if Ramsey instead of name calling, explained why they’re wrong 3rd: she never said that she took out a car loan 💸 to then put into an Airbnb What she said was that she qualified for a car loan for $15k. We don’t know exactly how much she used, but let’s assume she got a car worth her maximum credit qualification of 15k (thanks to dad). That’s a monthly payment of about $335. 4th: She actually said that she has 7k in cash saved up, which will be used to buy some Airbnb investment. Now, I know that no property is worth 7k, so that means this is some sort of mortgage that is going to get (which is illegal for her age); but going along their story, she must have used $7k as a down payment for say a $400k property that she will Airbnb. Doing the math, and I’m being very generous here, “if” she rents out the property she might have about $4.8k in cash flow (rental income) per year after paying mortgage, insurance and taxes—And that’s a big “IF”. 5th: If all this pans out exactly as it was presented to her, she indeed would make roughly 14k from rental income by year 5 (which is about the normal term for a car note). Meaning that her return of 14k (from rental income) on her initial investment of 7k (the down payment on the property) would indeed come out to about 14% annualized 📈 But that’s only if you use her math. 😋 🧮 Because, technically, her initial investment is $393k, not $7k, because she would be taking out a mortgage to finance the Airbnb property to rent out to eventually pay off, not only the car loan, but also the new outstanding mortgage in the property.
People are delusional about Airbnb returns. I own an Airbnb vacation rental on a lakefront property. It generates $50k annually in gross revenue which is a 14% cap rate. My occupancy rate 70% which is above average. It’s completely paid off bringing my net income to about $32k. That’s a 9% ROI. I could avg the same in the stock market.
I’m not a Ramsey fan, but this logic is ridiculous. Here’s the math behind this “investment in arbitrage”: Loan\t $15,000 \t\tInvestment:\t $7,000 Interest rate\t3.50%\t\tInterest rate:\t14% Years\t6\t\t Annual return:\t $980 Payment\t($234.59)\tMonthly return:\t $82 You’re in the hole each month by: $153
Even if the 7000 made 14% interest & she could get this 15000 loan, Its not a free car! Your going to pay the bank payments including interest & loan fees…(Sales tax too)The 7000 investment takes time to build, & there is taxes to be paid on interest… the 15000 car loan is occurring interest daliy…A free car is a car given to you by a family member, there’s no sales tax if its a close family member, just title fee…
She never said 11K – she said 7K (we need to get our numbers straight first). 14% cash on cash return = $980 a year. That’s not a lot money and probably doesn’;t even cover more than 2-3 montly car payments – so no idea how this math works towards any type of arbitrage. Maybe I’m missing something. Also getting a 14% annual return on any airbnb is not easy and can’t be guaranteed. I doubt she got a fixed and guaranteed 14% annual ROI. I don’t get this.
There are certainly Turo millionaires in coastal cities who rent out their 10-20 cars and make millions. You def won’t see them on Daves show. When I think ab what arrogance sounds like, Dave’s voice comes to mind. Made 38k on my AirBnb property last year. If I hadnt made anything, I would not need to declare bankruptcy which is what Dave had to do from being atrociously out-leveraged. Quit ruining it for people, dude! Legal and ethical money is everywhere
I can respect what this father is TRYING to do. I’m sure he signed for the loan and he is investing her money with his into a property. But what did she actually learn? That’s the question. Robert Kiyosaki talked about this very example. He bought a condo and the profits from the condo paid his car loan. I don’t have a problem with the math, but again, all she really learned was that, “Daddy will take care of me”.
Good luck finding somebody who lends money at 3% clean (hint:: READ the small print, all added surcharges, etc.), then good luck finding somebody who actually pays YOU 14%. Deduct all expenses first. Also discount all the time, even if 1 day, that property sits unoccupied. You may very well get in the red. Easily. Lots of AirBnB horror stories around to be ignored.
3.5% is VERY low for a car loan, which realistically means you’re overpaying for the car, either on the sales price or on some special processing fee. Because the carmaker is getting his money somehow! And then you’re going to be forced to pay for full coverage, where if you didn’t finance the car, you’d be able to make due with low-priced liability insurance. Now that I think about it, the rate doesn’t even make sense since that’s less than what 0-risk T-Bills pay! You could literally borrow money from the bank, put it into T-Bills, and get rich. So I think he’s lying about the rate.
Dave Ramsey really drives me crazy sometimes. He’s calling someone an idiot when he knows absolutely nothing about the Air BnB arbitrage business. She doesn’t have to buy the property. She rents a property from an owner and signs an arbitrage agreement with the owner allowing her to Air BnB the property. The owner typically gets the rent and a portion of the Air BnB sales. The $7,000 is likely to furnish the property, provide WiFi/cable, and purchase other amenities like pots/pans, silverware, towels, etc. This is absolutely a valid investment strategy and can generate income. That money is paying for the car. I see nothing idiotic about this. Dave Ramsey is just closed-minded when it comes to finances and really needs to educate himself on out-of-the-box ways to make money. Stop listening to this fool.
I think you ALL, including Dave, misunderstood what she said. She said she got a $15,000 loan from a bank at 3.5%. She said she also has $7,000 in savings. She said she’s going to use the $7,000 SAVED in an investment at 14%. She’s right in a way. If it worked, the interest earned from the investment would pay off the loan to the bank and give her extra left over. I think Dave is right. She needed Daddy to get the loan, and she’s not getting a 14% return.
She is using $7,000 that she already has to arbitrage an apartment for Airbnb or something, and sumultaneously getting a car loan (unrelated) hoping she can use her Airbnb income to make the car payments. Why do these two things at the same time though? Invest first, and if it pays off then buy a car. But yea, expecting an Airbnb to pay consistently and not factoring in maintenance and other issues is silly. Not to mention whenever it isnt rented there will be no income and if the city counsel bans Airbnbs she will be paying the rent every month til the lease is up, losing all her 7 grand.
I disagree with this guy and his daughters advise. I do agree to an extent. I owe $150,000 in cars between me and my wife, the difference is I have over $150,000 to buy these cars. So I invested my $150,000 in a 15% return on commercial real estate and appreciation pay outs. Also Dave I am a Millionaire. So I find it hard to believe you found zero. That is an absolute you can’t back up. Because I’m right here. I will show you my debt and my assets. If you promise to admit on air you were wrong. Ps I have read all of your books. I like a lot of the principles. Genuinely keep up the good work, I know you are helping a lot of people.
Your home can help you ‘ if you know your market’ Buying a home is cheaper than renting an apartment. If you buy when the market is down and so are interest rates, In an area that you know is coming up. You can make 50 to 100% while paying less money than rent. You’ll need some construction skills and you will really have to understand your market. You will also need to be willing to move in 2 years, to do it again. Reinvesting, all the cash you made. Pretty sure this is why the only debt Mr. Ramsey is okay with, is your home.
In your recent commentary, Mr. Ramsey, there appears to be a substantial disconnect between the principles you advocate and the methods you employ. While critiquing the financial strategies of a father-daughter duo, you resort to ad hominem attacks rather than engaging in a substantive analysis of their approach to arbitrage. It’s noteworthy that your arguments predominantly hinge on derision and fearmongering, rather than a detailed exposition of the risks and benefits involved in their investment strategy. Moreover, there seems to be a striking contradiction between your espoused Christian values and the manner in which you conduct your critique. One would expect a more empathetic and educative approach, in line with the principles of kindness and understanding, as opposed to the condescension and disdain displayed in your response. Your approach raises questions about the breadth and depth of your understanding of financial strategies like arbitrage. A more balanced and mathematically grounded discussion would better serve your audience, offering them a nuanced view of different financial pathways. The overall tone and style of your response, unfortunately, contribute to a perception of your platform as less of an educational resource and more of a gatekeeper of specific financial ideologies. This, in turn, fuels the narrative that aligns your approach with cult-like adherence rather than informed choice, underscoring the need for a more inclusive and analytically robust financial discourse.
Why is Dave so triggered by outside of the box thinking in finances? I wonder if he gets kick back or dividends from you people keeping all your cash in the no income generating bank accounts ? ** Not co-signing this particular reel ** He just gets so sweaty mad. It’s hilarious. And don’t come at me saying he cares about you, that’s laughable
You can’t even legally do what these people were saying. You get pre-approval for 15k… you buy a car for 8k. You don’t get 15k, you only get 8, and you must buy the car as it is the collateral for the loan. Lying about the purchase price to receive more than the loan otherwise would be and/or not buying the vehicle is fraud. You can’t sell the vehicle as the loan company has a lean on the vehicle.