Why Dave Ramsey Is Anti-Debt

[@JA-zh5xi]

You can’t put a price on the peace you get from having zero debt. Did it in my mid-40s. Meanwhile all my friends have bigger homes and nicer cars - all with payments. They’re always stressed about bills.

[@alexfonseca2063]

There is never peace of mind in life.

[@reese85]

I’m sure he’s at peace of mind cuz his debt is making him money

[@jeretso]

Stress does leads to shopping therapy. Maybe find a therapist within insurance network. Or shop at thrift stores.

[@flea4061]

Glad that trailer and 30 year old F-150 are working out for you.

[@karenjensen2345]

We feel the same way! And we have a very nice life all paid with cash. We travel whenever and wherever we want. No mortgage at all.

[@LilannB]

Dave is correct. When you have no debt. You have peace of mind. You also have real choice.

[@reese85]

Depends on the debt lol

[@unfairsanic5089]

@@reese85 debt is debt, no such thing is good debt

[@reese85]

@5089 not true

[@donaldlyons17]

@@reese85 I just don’t know how people think most businesses make money without having to have loans?

[@reese85]

@@donaldlyons17 it’s unreal! I think Ramsey true fans! Just like being average with no debt

[@JohnJohn-wr1jo]

There is no feeling like being totally Debt free. It's better than any car, boat, rv, vacation, high that lasts for a few weeks. All it takes is a little sacrificing and self control when your younger and when you retire it gives you a feeling of freedom that adds years to your life.

[@bradwilliams4921]

49 and my only debt remaining is some medical debt. Once I get that paid off I plan, hope and pray to remain debt free for the rest of my life.

[@alinatamashevich3354]

Some of that might be forgiven, ask.

[@carojames6776]

So long as you have an emergency fund and some money in the bank you will be fine.

[@CycleCruza]

Also, what is great about living 100% debt-free is you don't have to make as much money and can work less if you want to when everything is paid for. It is much easier paying only property taxes. You don't even have to get homeowner's insurance if you don't want to when you own your house outright. Like dave said, you sleep better at night too with less anxiety.

[@reese85]

Debt free or not! Imma always work hard to provide a better life for my daughters!

[@maximusbrandon9971]

Agreed with everything except the homeowners insurance bit haha. Absolutely ALWAYS get homeowners insurance.

[@donaldlyons17]

@@maximusbrandon9971 you would think a owned home would always carry it but?

[@Musicienne-DAB1995]

Absolutely spot on about having the freedom to make less money when debt-free. I learned that the hard way: making less money and having several unsecured debts. Working to get out of that hole right now!

[@ceneb3731]

Yo...crossing platforms...are you still making videos..??

[@rajeshwarjadi7792]

Always mentally financially strong if we don’t have debts. Thanks a lot Ramsey

[@reese85]

It depends on the debt and the caller debt was good debt

[@Nolaman70]

@@reese85 💯 % correct. I just posted my comment about this.

[@greasymuchacho]

Yeah but I have a boat that I make payments on. I had fun all summer on my boat. It's called financing buddy.

[@paolaristori6179]

My grandfather, who was a top executive of an Italian bank, always told at home that to buy by instalments would ruin a family. Two generations later we still stick to his advice and enjoy our family more than comfortable way of living .

[@reese85]

Buy what exactly, businesses?

[@NexTierOilfield]

@@reese85 i believe when he said buy by installments means don’t buy doing payments. pay in full instead

[@hiddenname9809]

I know the feeling of having debts vs. being debt-free. The peace of mind, the freedom, the feeling that no one owns you, it's all worth it. I haven't had debts for 10 years now. I don't want to lose all that benefits.

[@GardenerEarthGuy]

I've been completely debt free since age 40- I live simply with low property taxes, drive a manual transmission Toyota truck with roll up windows and a.c. So many of my friends are forced to work overtime just to make ends meet. I just go through my day enjoying life... There is no price on freedom and peace of mind- Actually there is and it's paying off your debt. Live Free Or Work Overtime!

[@reese85]

You do kno! Your not comparing the same debt as the caller right? The caller debt is not forcing him to work overtime

[@GardenerEarthGuy]

@@reese85 He's still calling and in the depths of his soul knows the score.

[@ponolovefarms3926]

Drive old tacos and live debt free 🏴‍☠️

[@MidwestMoney]

I've been debt free for 10 years. I paid my first house off when I was 32. Now I'm a millionaire who's still working the same hourly wage job. You do the math.

[@azteca6695]

We paid off our house. That gives me a sense of peace.

[@blackworldtraveler3711]

Zero debt is a major part of my minimalistic ways.

[@puppetmaster3371]

I have always said it " A MAN WITHOUT DEBTS IS A RICH MAN "

[@kenofken9458]

Homeless guys have no debt.

[@injanhoi1]

Dave is inspiring me to get out of debt completely. I don't have much debt but I want to get rid of it as soon as I can so I can have the feeling of being debt free.

[@elchapojr6219]

I love when Dave says “you can always get back into debt” 😂

[@yuckyool]

Love Dave Ramsey. I am a CPA who "does it his way" . . . yeah, we have some (low%, fixed-rate) debt on house and on rental property, but ~1/3rd of total equity on each. Still, his advice makes a lot of sense because for some/many people, debt can be intoxicating and deadly.

[@donaldlyons17]

You sure their incomes are not the issue? I don’t worry about debt but I need an income to fund everything and pay debts.

[@andrewlayton9760]

I have several friends whose stories are similar to Dave's - never late, never missed a payment. But went the BANK got into trouble, the credits lines dried up and the loans got called. All that (mythical) equity vanished and they too went BK. Debt, therefore, is a risk.

[@donaldlyons17]

They made more dents than they had the wealth to pay but they could have paid them off and if lucky they will get benefits.

[@TheTopherocks]

Peace over math for me. I hate owing people money.

[@Argedis]

Peace of mind from financial freedom is priceless. Let the Joneses have debt with car payments and their mortgage.

[@RedBarnFinancialTV]

I can appreciate that reasoning. That said a small amount of debt isn't bad if it opens doors. The story of the talents the servants were lent money to grow.

[@pipecleanercraftsb]

this is just what i needed to hear

[@tomdrummy4984]

Peace of mind……..and freedom. The thing is………many people aren’t aware of what their mind is doing. 🙂

[@9liveslisa]

Debt is crushing. Being debt free is the bomb! And you do sleep so much better at night. It's priceless!

[@leemason666]

Great video as always Dave. I am 42 years old and still renting instead of having a mortgage. People keep telling me to get a mortgage but the thought of a mortgage hanging over my head each month fills me with dread. I am content with where I live and with it being housing association I can just pay rent and when I reach retirement age I get to stay in the property rent free. Me and my wife don’t have any kids so if we did own our home then we would have nobody to leave it to when the day comes and we leave this world.

[@marklabonte2925]

Huh? What is a housing association that allows retirees to live rent free??

[@actuallyterry]

@@marklabonte2925 I also want to know.

[@leemason666]

@@actuallyterry see my comment to Mark. 👍🏻

[@marklabonte2925]

@@leemason666 I don’t see any comment

[@alrbredwall]

This is wonderful. I'm glad this is working out for you. I don't think homecownwrship is a good thing if you don't have children. It's not a financial benefit like most people think that it is. It is nothing more than money black hole. If you have found a place that you can live for cheap in retirement that is awesome.

[@alrbredwall]

The fact that people have to question why debt is not good shows how backwards the world is.

[@reese85]

His debt, isn’t bad debt tho! It’s literally making him money

[@alrbredwall]

@@reese85 this is another common misconception. There is no such thing as good debt. There is consumer debt as opposed to debt that you use for investment purposes but making payments on an asset is still not ideal. If the asset is free and clear of payments it makes them even more money. Paid off assets are ideal. Payments are somewhat tolerable but not ideal. The goal is to pay them off.

[@reese85]

Why would someone like him who’s worth $189 billion dollars! Borrow on something he could’ve bought outright?

[@blackworldtraveler3711]

@@alrbredwall Indeed. Banks like BOA made all debt very bad including the debt people thought was good in 2008. Happened in 2020. Will probably happen again soon with this recession. With zero debt I breezed through it all and even bought a nice newly remodeled beach home less than half price with cash because of a couple that thought they had good debt in 2008.

[@alrbredwall]

@@reese85 I'm not sure where thiscquestion is coming from and what point you are attempting to make. Who is worth 189 billion? Yes, borrowing on things yiu can pay for in full is absurd.

[@freedomworks3976]

I’ve come to the conclusion that debt and payments are like drugs for some people they are just unable to live without it

[@robbiekop7]

Freedom doesn't work for such folk

[@freedomworks3976]

@@robbiekop7 unfortunately that is true.

[@maaxt]

Debt is not a pet. Peace of mind is priceless

[@alinatamashevich3354]

Bingo!

[@Musicienne-DAB1995]

Unless you mean a pet snake.

[@alinatamashevich3354]

@@Musicienne-DAB1995 I have a rescue mutt, totally worthless.

[@ohneMofa007]

I realized you start thinking and talking in a different way when you are debt free. No more reliability’s on the desk makes you stronger for everything coming , you act from a more stable basis, greetings from Berlin Germany 🇩🇪

[@James-Lifts]

Lol John saying “good for him” at the end was great.

[@johnkoval1898]

Improperly managed debt is indeed stressful. The caller’s scenario was properly managed debt, and properly managed debt can make you money.

[@stephencullum8255]

I hate debt too. As soon as you can, pay it all off. When you have no debt and a simple low living standard your approach to investments gets better because you are not investing afraid. You make better decisions.

[@brianpace7866]

Stay far away from debt and live a happy life.

[@frjer11]

100% of foreclosures happen on a house with a mortgage? What about back taxes?

[@danieldpa8484]

Correct - debt is risk! Paying off debt earlier or quicker is a risk-free investment with a guaranteed return while reducing risk

[@jasonbrown7258]

What I find interesting is I talk to younger people and they could care less about debt. There thinking is that they are going to live life to the fullest enjoy the nice things they have while they can and just keep working and pay the minimum. People only care about the NOW and that's it.

[@inertiaforce7846]

Ramsey is correct I have seen the risk of debt. It's not all just that you make money on the spread you're taking excessive risk.

[@markrobertson5440]

I work for a sports team on the facilities side. I see traffic entering the parking lots. I see thousands of expensive SUVs and luxury cars arriving. My first thought goes back to Dave. How many of those vehicles are paid for? Would guess less than ten percent. The ninety plus percent are of course in debtors prison. So many have been brainwashed into thinking that one has to live a certain "normal" way. As Dave has said for thirty plus years, normal is broke.

[@DrSchor]

Very Interesting . On what do you base your 90% guess?

[@codorin]

Simple. Over 90 percent of all adults are indebt like crazy. Most of my collegues at work are indebted like mad. When my supervisor found out i am debt free and have everything at my mercy to be free to mske my own choices in evrrytging. He was shocked snd surptised and wished he was not tied down to debt.

[@zacharyfair6738]

1) Why did this guy even call in.... 2) It's not just about the market, it's about depreciation and counting interest towards income.... High LTV helps limit lawsuits as well.

[@cutlerylover]

Even if you make more money with debt why owe people money, anything can change at anytime and then all of a sudden that debt becomes a problem, just pay it off...

[@donaldlyons17]

If they had the money why not just buy it cash?

[@nbk9402]

You have to factor in the interest on the Mortgage, too. That's never addressed

[@JTDyer21]

Well why not stay out of debt in the first place? Yes it means you won't have the "goodies" but you also won't have the payments either. Get on a savings schedule and pay yourself a house payment instead of the bank. If your not willing to save up a house payment to pay cash then that item you "wanted" didn't mean that much in the first place.

[@joeplem5329]

I just don't go into debt because I freaking HATE working 60+ hrs a week. 20-30 is enough for me 🤷

[@freeindeed8416]

That’s great

[@calebmallen]

"Teacher"... uh huh... I think Dr. John saw right through that bluff immediately 😏

[@mirabella2154]

What does it stand for? 🧐

[@SeattlePioneer]

Once upon a time I was investigating buying real estate at foreclosure auctions. You had to have the cash or cashiers checks to pay for any property you bought immediately. I talked with one guy who had been a player for years. He told me that at one point he had had 27 properties all in foreclosure at the same time!

[@LiefLayer]

The risk of leveraging debt in the end is that if something bad happens and you don't have the money to pay for the mortgage, since there is a mortgage on the house, the house is lost. Ultimately leveraging debt raises the risk of any investment, because you are effectively placing the house as collateral for that money, which is the bank's money. Making money with your house on the line is not a good idea. Still the caller was not that exposed since he had a lot of money, more than the actual mortgage. I think it was still a good idea to suggest to pay for the mortgage, because it's still safer to do that, and since you don't pay for mortgage anymore you can get more money for investments in the long run and make a lot with your own money (without your house on the line if something goes wrong).

[@thomasd5488]

"I've done detailed research, and 100% of the foreclosures occurred on a house with a mortgage." Dave Ramsey never fails to impress me with his words of wisdom, wrapped up in obvious common sense, and tongue in cheek humor.

[@15KHPCLUB]

Apparently Dave Ramsey never heard of a tax foreclosure and neither have you

[@thomasd5488]

@@15KHPCLUB Apparently you didn't catch Dave's point, or you just like to belittle people. Of course Dave has heard of a tax foreclosure, and so have I.

[@15KHPCLUB]

@@thomasd5488 Tell me you agree with me, without telling me you agree with me.

[@thomasd5488]

@@15KHPCLUB I see, you like belittling people, and not that you didn't understand Dave's point.

[@15KHPCLUB]

@@thomasd5488 Dave does it all the time and his followers love it, so don't dish it out if you can't take it

[@jrizzo3579]

agree with Dave .... inner peace and you tend to make better decisions in your life ...with out having that weight on your shoulders

[@handleyobusiness]

Being in debt is bad for your mental health, and you can go to jail for it.

[@scarycarrie1809]

Unless you owe the IRS big time, there's no debtor's prison like there used to be.

[@Argedis]

@@scarycarrie1809 If you owe child support you go to jail and they will still expect backpay for that time in jail even if you lose your job

[@Musicienne-DAB1995]

@@Argedis What an effing racket child support is!

[@Musicienne-DAB1995]

Horrific for mental health. I can't tell you how many nights of sleep I have lost over debt.

[@jamess.2491]

Debt and leverage is how the rich become really rich, you just have to be disciplined enough to use it properly. Most people are not.

[@AK-47ISTHEWAY]

True

[@Heavens-Humanaterian-Army]

Even as a teenager when friends said...hay I have some savings for some product...but then they said oh yeah I still owe pearents a debt I was like...if you have any debt...then you have no savings.🤦‍♀️prioritys.

[@donaldlyons17]

Having debt just means they need to be paying in both.

[@andrewtodd126]

My car is nine years old, but I owe nothing on it. It is well maintained and I am saving to replace it. I do not worry about money.

[@brodrickniemeier8529]

Fun fact, your house can be foreclosed even if you don't have a mortgage. HOAs can actually foreclose houses in certain situations for trivial amounts of money if it goes unpaid.

[@alinatamashevich3354]

Just those in a HOA area.

[@15KHPCLUB]

Correct. I bought my house from two docs who lost their medical licenses and couldn't pay their property taxes.

[@stevenporter863]

Dave's train of thought is valid. With that said after a certain point (financially) it is about math and less about philosophical reasons and worrying about losing sleep over debt. Once necessities are not a concern anymore and net worth is high the debt is a smaller piece of net worth.

[@donaldlyons17]

I can’t speak for everyone but I would rather just make more and more income vs. have a high net worth.

[@indianatime]

@@donaldlyons17 hmmm... why is that? Net worth is the cumulative result of having high income over a period of time, plus managing resulting assets/liabilities well. High income instead of high net worth indicate either high uncertainty of income changing, or high spending.

[@donaldlyons17]

@@indianatime My phycologists even saids the majority of his clients would rather have higher incomes. There must be reasons for it so…. Plus the people I know with the most buying power tend to be the higher income which seems connected. Again I want income increases over the years or a duel income situation not a net worth increase.

[@FiOSFellow]

If you have a 2% mortgage and 8% returns, keep you mortgage.

[@LittleMopeHead]

I love that Dave Ramsey or caller refers to "Saigon" (original Vietnam), not "Ho Chi Minh City" (communist Vietnam).

[@melissab0515]

This guy is not going to pay that off

[@GOLDENEYEAL]

Of course not, why would he? Dave had crappy advice, quoting the bible and stuff. Please

[@clarisamompremier8005]

“Sneaky snake”… so cute 🐍🐍🐍

[@Gramps935]

I was sure Dave would say sell one rental to pay off the other.

[@christianharrison4448]

Why don’t you just watch the video and find out what he actually said?

[@Sheryl777]

@@christianharrison4448 👍

[@CorvetteGuy3033]

so I have a mortgage on my house for about 30% of its value, and the rate is fixed at 2.75% for another 28 years. My after-tax cash is 3x my mortgage balance and I'm eaning 4.7% in Treasury notes. I should pay off my mortgage?? Don't think so. Worst case is treasury rates come back down and then I have a negative spread, in which case I would pay it off then.

[@nikeyaa2614]

This is very insightful because I’ve been preparing to get a loan for my first investment property. I’ve seen other investors say they are millions of dollars in debt but make millions of dollars in profits to balance it out so they risk it worth it. I’m just very confused at this point .. some people say spend other peoples money and keep you own and now he’s saying debt is bad. How are you suppose to reach wealth in this life? It’s all so frustrating!

[@narceron360]

Debt is dumb, cash is king. So simple, so difficult.

[@vanesslifeygo]

more debt = more risk exactly, people want to take on just a little bit of debt just out of boredom that they dont realize it's a gamble. then that eases them into taking way more debt.

[@JESUSandPoker]

He said "How are you" and Dave didn't say "Better than I deserve" haha

[@snowlessSTI]

" I may have to work, but I dont have to work here" Its nice when you have zero debt you can walk around knowing that at your place of employment....

[@Spladoinkal]

Personally, before doing ANYTHING else, I'd figure out EXACTLY how much leverage I'm willing to have and stick to that at all times. Pay your current properties down until you can buy another property and stay at or under the amount of leverage that was decided in advance. Also, it would depend on economic times. For instance, in a time of prosperity, you can afford to leverage more (again, you want to have a reasonable amount that you've calculated, not go crazy), but in a recession, your main goal should be paying down mortgages one by one (if you pay a little on all of them, you won't pay a single one off). Also, the more assets I'd have, the lower the leverage I'd use. If I had $50 million in assets, I prolly wouldn't leverage at all because at that point I could live the lifestyle I wanted while continuing to grow my wealth at a substantial pace without any leverage. I understand that this is Dave's channel and he's anti debt, I'm not trying to step on toes, just what I'd do.

[@GBU61]

Absolutely! Depending on the type of debt, interest and so on, there are many ways to manage money with a long term plan while maintaining a reasonable amount of debt. This of course applies to people who know how to manage money, that is, people who are not in Dave’s target audience.

[@Ranwolfe]

Sometimes you have to borrow

[@shadowsearcy]

"The island of misfit toys" caught me off guard! I usually refer to them as the cast of the Star Wars Mos Isley cantina scene....wait...no that would be the UN!

[@chasev]

26 with no debt job and CS degree

[@Musicienne-DAB1995]

Well done!

[@tillerzeit]

I was in Saigon a few months ago great country and people. Got to go after paying down debts and I wanted to visit my girlfriend and her family.

[@captainblando]

You can’t call your internet poll a study Dave

[@Stephan2P]

You can't put a price on peace of mind. Dave's way offers more peace.

[@Argedis]

Exactly

[@kennethwers]

Some homes are lost by non payment of taxes.

[@allaboutroofing2]

The heat is on is Saigon.

[@justliberty4072]

For long term investors, beta is a mostly irrelevant measure of risk.

[@freemarketspeople3514]

Saigon? Was this guy calling from 1968?

[@steviejd5803]

Dave, you are such a great inspiration

[@gregcarlson8438]

I have about $5 million in debt on my rentals, probably about 60% loan to value. I think Dave would consider me highly leveraged. I have been doing this since 2002.

[@Ink30]

Things were going great until they were not 😆 🤣 just be careful

[@joshuaallen9501]

Has this method worked well for you?

[@gregcarlson8438]

@Joshua Allen so far so well. I have been doing it since 2002 (leveraging myself according to the rules I have set, the amounts and the assets have increased over time).

[@joshuaallen9501]

@@gregcarlson8438 do you think taking a mortgage loan and using the rent money from the property to pay off the mortgage is a better option than buying a rental property in full with your own money? Debt speeds up the process?

[@jamesreynold6711]

I don’t always agree with Dave, but I remember finding his stuff around two years ago and having my entire perspective changed. I’m so glad I never went into debt and have always paid cash. Feels good to be this free at 26, driving my shitbox car and putting 60% of my pay check towards my first house 🥲

[@rolandojr.antonio6855]

Me too, I hate Debt, who wants to have debts??

[@_Philip_.]

I'd love to have that formula

[@robertsaladino]

I used to put rubber bugs in my grandmother's purse....she wasn't happy

[@Mikemikemike232]

Like the nod to art vandalay.

[@BarneyR2]

I am confused because I have seen DR promoting the services of mortgage companies

[@djpuplex]

Risk reduction (not elimination) only reason.

[@SevenFortyOne]

5:41 truth!

[@rs232killer]

The people who can effectively and reliably manage debt vs. investment to their own net benefit are not the kind of people who seek Dave's advice.

[@David.D3]

The risk is low because he hasn't run into any major problems yet (bad tenants, bad property management, damage). That can turn sour fast and he lives in Vietnam, while his rental properties are halfway across the world in the US. It can quickly become a headache.

[@reese85]

@@David.D3 it’s business! You have ups and downs

[@KevinJonasx11]

@@reese85 And it’s easier to manage the ups and downs when you minimize unnecessary mandatory expenses (debt)

[@JohnJohn-wr1jo]

Killer I have to disagree. I don't always agree with Dave's advice. Especially when he goes off topic and goes to his emotional side. Anyone can benefit from his core principles regardless of their age and wealth. I was fortunate that most of his principles were in play with my parents and grandparents who lived through the depression, and it rubbed off on me.

[@erikrohr4396]

@@David.D3 He has a couple hundred thousand in non-retirement investments. Seems like a good idea to keep that where it is in case something goes south with the rental houses, rather than pay down 2/3 of the mortgages and have no liquid money available.

[@lkj0822g]

For someone who is financially illiterate, the "muh baybee steps" have some merit. They are a simplistic financial methodology and are all that some people can handle. This guy is doing very well and doesn't need to do anything drastic. If the investment properties are doing well and have enough cash flow to pay the mortgage, pay the taxes, and build a sinking fund for those maintenance items that will eventually arise, such as a new roof, then why would you want to wipe out your non-retirement investments just to pay one of the mortgages off? Oh yeah, Dave wants to talk about risk, now you do not have that $200k that you could tap into if something went wrong. Talk about increasing your risk.

[@hittingtax2670]

Is debt really an ethical excuse to get out of going out with friends?

[@PhilipMarcYT]

Feels like Dave Ramsey just covers the same questions over and over again. Callers could just use common sense, research, and they'd have their answer.

[@davidhall4373]

Lol. People keep making the same mistakes. That's Dave's job security.

[@amireallythatgrumpy6508]

The majority of Americans do not have those skills. And even some non-Americans.

[@mrsvoyage]

When you dont have debt your rich

[@philiplanz7123]

Not that it changes the message, but I believe it’s Ho Chi Minh City, not Saigon now

[@aznfootballplayer]

The locals don't even call it HCMC.

[@EXEON727]

Only the north and communists call it ho chi minh city.

[@randy7425]

He don't let the callers talk. Could've known that early if he just let ppl talk

[@ralfbo685]

I'm not a debt fan, but I would disagree with Dave's point (and a lot of wall street) that high volatility equals higher risk. You could have a low-vol investment that gives you 1-2% yield, feel safe, but it would be a false sense of security. Due to monetary inflation that investment would be losing your purchasing power

[@Argedis]

Good thing the S&P 500 has a historical average of around 10% return

[@ralfbo685]

@@Argedis investing in the S&P500 is just treading water or slowly sliding backwards. Monetary inflation is 15-20% year over year

[@Argedis]

@@ralfbo685 Yes but even accounting for inflation since it's inception in the 30's it still has netted 8.5%

[@TheDmonet]

@@ralfbo685 And I'm guessing you have some magic investment that gives you 20%....here it comes...

[@buyerofsorts]

Don't kid yourself. Many people have become rich from incurring debt. It all depends on the situation.

[@amireallythatgrumpy6508]

Many people have lost everything trying too.

[@buyerofsorts]

@@amireallythatgrumpy6508 I thought that goes without saying?

[@Mjixa]

Having a mortgage is a simply a risk, not anyone has financial responsibility like this man has. But living in developed country simply run on debt to own your first asset, unlike in developing country rich buy their real estate outright.

[@dariahutchinson2262]

The island of misfit toys in Washington 😂😂🤣🤣🤣🤣🤣🤣

[@lauriemcdougall8415]

LOL I love that snake story!! :}

[@SeattlePioneer]

I had a neighbor who had retired as a Boeing electrician after years of traveling the world, repairing aircraft that pilot had landed with the wheels up or whatever. He was a gambler. He was moving out of his house, and told me that he had used the proceeds to pay off all his debts. At age 65 and retired, he was broke and was, he said, starting FRESH!

[@Ink30]

😔

[@kiethlowry2862]

Did they change the name back to Saigon?

[@GBU61]

This man has enough wealth that Dave’s expertise is not where he should seek advise. Dave specializes in getting out of debt, not in investing. If I was him, I would seek the advise of someone who specializes in investing. The caller does not offer enough information regarding the interest, time period and where it is. How long has he owned the properties and are the tax benefits worth keeping it? Has he looked at the value of the property and what he can get for it? Property usually increases over time and worth keeping based on comparing the value to what the interest is. I wish Dave would have asked better questions so the listener could get a better idea of what an informed decision sounds like.