Gen Z ignoring hack Dave Ramsey

[MWmetalhead]

Well put.

[zzand]

Little story about credit. A co-worker went to buy a New Car, not used but new, when his 14 year old car died. He was denied financing by everyone because he paid cash for everything and his last use of credit was 20 years ago. He threatened lawsuits against the dealer and banks involved and sat with an attorney who gave him a harsh wake up call. He advised him to build a credit history and told him how. Today, 8 years later, he has an 820 credit score. He also drives a 20 year old car that costs him a small fortune to keep on the road but he refuses to buy a vehicle because of that one experience.

[Rate This]

Little story about credit. A co-worker went to buy a New Car, not used but new, when his 14 year old car died. He was denied financing by everyone because he paid cash for everything and his last use of credit was 20 years ago. He threatened lawsuits against the dealer and banks involved and sat with an attorney who gave him a harsh wake up call. He advised him to build a credit history and told him how. Today, 8 years later, he has an 820 credit score. He also drives a 20 year old car that costs him a small fortune to keep on the road but he refuses to buy a vehicle because of that one experience.

I would say one card and spend very little on it but enough to build a credit history. But on the other hand I’m about $230,000 in debt all told and I’m at about 730… so maybe there’s something to drowning in debt. It lets you buy more debt.

[Matt]

Little story about credit. A co-worker went to buy a New Car, not used but new, when his 14 year old car died. He was denied financing by everyone because he paid cash for everything and his last use of credit was 20 years ago. He threatened lawsuits against the dealer and banks involved and sat with an attorney who gave him a harsh wake up call. He advised him to build a credit history and told him how. Today, 8 years later, he has an 820 credit score. He also drives a 20 year old car that costs him a small fortune to keep on the road but he refuses to buy a vehicle because of that one experience.

I would say one card and spend very little on it but enough to build a credit history. But on the other hand I’m about $230,000 in debt all told and I’m at about 730… so maybe there’s something to drowning in debt. It lets you buy more debt.

Are you counting your mortgage?

[Rate This]

Little story about credit. A co-worker went to buy a New Car, not used but new, when his 14 year old car died. He was denied financing by everyone because he paid cash for everything and his last use of credit was 20 years ago. He threatened lawsuits against the dealer and banks involved and sat with an attorney who gave him a harsh wake up call. He advised him to build a credit history and told him how. Today, 8 years later, he has an 820 credit score. He also drives a 20 year old car that costs him a small fortune to keep on the road but he refuses to buy a vehicle because of that one experience.

I would say one card and spend very little on it but enough to build a credit history. But on the other hand I’m about $230,000 in debt all told and I’m at about 730… so maybe there’s something to drowning in debt. It lets you buy more debt.

Are you counting your mortgage?

Yes but that will be the final thing I pay off so not really… 36,000 on a car and about 75,000 in student loans… about $1400 in credit cards… really regretting the college part if I knew I could make 80-90,000 driving a nearly empty bus around. Right around 2032 it should all vanish and I’ll just have the mortgage.