Dave Ramsey, "Pay Off Mortgage" Money Makeover - 7/10 Video

Dave Ramsey's book, "The Total Money Makeover Workbook", will motivate you to immediate action so you can:

* Design a surefire plan for paying off all debt
* Set up an emergency fund
* Prepare for college funding
* Maximize your retirement investing...and lots more!

Truth To Go: Dave Ramsey Author / Radio Host The Lampo Group, 1749 Mallory Lane, Suite 100, Brentwood, TN, 37027 www.daveramsey.com

100 Huntley Street program #8243

Sorry but I find it ...
Sorry but I find it very difficult to take financial advice from a guy who had to file for bankruptcy. If? you live in a high tax state why on earth would you want to lose the interest deduction, second, why would I want to give extra money back to the bank mortgage rates are about 4 percent, you could take that extra cash invest at a much higher rate then after if you want to whack out the mortgage you could. Your house may be paid but you have zero cash left, sorry dont agree with it

@rhdtv2002 Focusing ...
@rhdtv2002 Focusing on the tax deduction of mortgage payments is making a big mistake in my opinion. You're only get a deduction on the interest portion of your payments, the rest of the interest is lost. And you end up? servicing that debt for many more years, so over that time you have been paying more and more interest. The ADVANTAGE of paying of early is that you don't have to pay the interest in the first place. You get to keep it all for yourself or invest it elsewhere.

The borrower is ...
The borrower is slave to the lender. That's sooooo true. Compound interest is your friend when you're a saver, and it's your? enemy as a borrower.

@rhdtv2002 hi ...
@rhdtv2002 hi read dave's book Total Money Make Over it tells you why it? doesnt make sense to own mortgage and if you can get the write off by giving to charity. good luck

"100% of ...
"100% of foreclosures occur on home? with mortgages." Dave is so classic.

@ward185 We did pay ...
@ward185 We did pay off the house last year. It has been a blessing not to have a house note. I had major surgery last? year and it was wonderful not to worry about a mortgage while recovering as well as knowing if anything had happened, my husband wouldn't have to worry about it either. We made less money this year, and it has helped to have less bills. Thanks for asking.

@frugalwife I ...
@frugalwife I noticed you made this comment 2 years ago.Did you follow this? plan?And if so how did it go?

@skewlboypin ...
@skewlboypin Canadians don't consider themselves to be Americans though.?

neverpayagain dot ...
neverpayagain dot co dot uk?

The UK's Martin ...
The UK's Martin Lewis is good with financial? troubles. Plz look him up!

@rhdtv2002 There is ...
@rhdtv2002 There is no? tax advantage, just like there is no debt disadvantage

is there any tax ...
is there any tax advantage when? you pay early the house?

Thanks god for ...
Thanks god for putting Dave Ramsey in my life...I'm a college? student and I feel my life will be better now that I know everything he teaches I WANNA BE WEIRD!

I have used ...
I have used caretaker. org for many years, and have taken about a dozen housesitting and property caretaker assignments from their? website. You should check out the Caretaker Gazette if you're looking for? rent-free living opportunities. Joan

The dislike was? a ...
The dislike was? a mistake. Stupid keyboards!!! This very informative. Thanks for posting. Peace & Much Success, Andre Hayward

Canadians are? in ...
Canadians are? in America, just not in the USA

@ir10031981 I ...
@ir10031981 I understand where you are coming from and I'd like to help you. May I recommend the book -? "Positive Solitude" by Rae Andre. It is not very expensive and can be bought on amazon. I live alone too, but my perspective towards solitude (or loneliness whatever you choose to call !!) has changed tremendously and I can say with conviction that I lead a meaningful, contented and never yearn for a partner. And NO..I don't get any monetary benefits by promoting this book.

I'm 23, I am paying ...
I'm 23, I am paying cash for a house. I think if I stay with my $250 a month rent and drive beaters and shop for deals on? food and clothes I can do it.

lol. 1 hundred ...
lol. 1 hundred percent of foreclosures are on homes with mortgages. lol indepth? reseearch

sometimes I wonder ...
sometimes I wonder what's the point of being debt free including the house when you're gonna live alone because you're single and have no children? sure on one hand it's cool to owe nothing, weird! but if you're like me you go to bed somewhat depressed wishing you had a spouse and? even a child to share your life with.

No i'am not kidding ...
No i'am not kidding you actually i am very Sirius If you think your Disability Insurance Really pays your mortgage You are the one thats kidding .insurance companies always find a way not to pay you .they will force you to find a minimum wage job even if you are on a wheel chair so they don't? have to pay you . If you had try to pay extra towards your mortgage five years ago today you would have lost it all because house values have dropped so much .

@tormozat Are you ...
@tormozat Are you kidding me?? paying your house off early is the only way to go! IF you listen to what? Dave teaches, he says BEFORE you start to dump extra cash on your mortgage to pay it off early, you have to have an emergency fund of 3-6 MONTHS, which would take care of that issue you brought up. PLUS if you were that sick to take 2 months off work...common... You would also have long term health insurance which would pay you 90% or so of your wages every week... Thats also what Dave teaches

Very bad advise ...
Very bad advise from dave ramsey .paying your mortgage early with extera payments is very? risky if you pay 90% of your mortgage and get sick and miss few payments bank will foreclose and sell your house to one of their own liquidators for few dollars and come after you for more money .put that money aside and save until you can make one big payment and buy the house .

Gold, IMO, is fine, ...
Gold, IMO, is fine, if you actually POSSES it in your person. If you buy gold, and? all you get is some sort of certificate, than how is that certificate any good if our currency does collapse? Who will trade you something for that piece of paper?

I don't own gold ...
I don't own gold for yo skeptics out there, but thanks to Dave, I own my home free and clear, have no debt, am self insured, and loving life. ? So, get over it you gold lovers.

I'm in Dave ...
I'm in Dave Ramsey's FPU right now. That said, he's totally off on the Gold question. He says: "Gold has only gone up in the past 7 years" Well yeah, duh ! That's the point,; to have paid off a house in the past 5 years wasted you some 50% of your investment. Gold on the other hand, has DOUBLED your investment. With the "fiat" money we're currently printing, real money will still continue it's uptrend. Real Estate will have to go up? a WHOPPING 200% just to catch up to 11/2010 levels.

Remember "real ...
Remember "real money" In 1965, 30 ounces? of gold would have bought you a new VW, but today, 30 ounces of gold will get you a New Benz. $1,500 today (the price of the 1965 VW) only buys you one Benz wheel ! (Not even chromed)

dave ramsey love ya ...
dave ramsey love ya man. have u? ever heard of cashgifting retirenowgiftingdotcom

@FortNikitaBullion ...
@FortNikitaBullion That may be true about gold but how many people buy it ? and take the chance of it not going up. The price of gold pretty much stayed around the same price for years. and in that time you could have? paid your mortgage down. most people do not have a 3% mortgage rate. Most I would say from 5-8%. So the smart thing would be to pay off mortgage and buy some silver/cold. Oh dont forget the 20-30 % income tax you will pay on your gold when you sell it take that out of the profit.

@FortNikitaBullion ...
@FortNikitaBullion Possibly, possibly not. For the last 11 years I paid less than I paid for my old apartment, so I was ahead of the game all 11 years. Now my mortgage is paid off. I still have to pay 100 a month in property tax and 297 in condo maintenance fees but that's only 400 a month. I could work at walmart and still make ends meet with expenses that low. I just? did a check and renting an apartment like my condo would set me back 1100 a month minimum, probably more like 1200. I'm happy.

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