Dave Ramsey is a great resource. Our local station carries his radio program.
He gives excellent advice for a certain kind of person, e.g., cut your spending, pay off your loans, get a second job, etc. His advice is really valuable for most people.
However - it’s not right for all people. People who happen to be serious savers and investors aren’t comfortable with it. Some people want to be a bit more aggressive and want to invest in real estate. They’ll mortgage it to the max and over the years that real estate will increase in value (hopefully faster than inflation) and each year they’ll be paying back the mortgage in cheaper dollars.
It takes a certain type of person to do this. They’re not taking out car loans, they’re not living off of credit cards, they’re putting their savings into appreciating assets, not depreciating assets. Even Dave Ramsay admits, he’s a big investor in r.e., but he knows it’s not right for most people.
I agree. I made a lot of my $ in Real Estate through the years. The Midwest market has always been rock-solid and I just sold my little farm last year at more of a profit than I could have imagined, thanks to it being a ‘farm’ but still two miles to town. Location, location, location!
Bought my first house at 25, flipped five through the years and this was my last sale but, never say never; it’s kind of addicting, LOL!