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05-08-2012, 08:25 AM
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Registered Member
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Join Date: Jul 2007
Location: AZ
Posts: 16,746
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Re: Credit Cards
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Originally Posted by The Matt
I'm renting my house, and i pay cash every month for the ability to stay in it, and yes, I did pay cash for my car.
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05-08-2012, 10:37 AM
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Registered Member
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Join Date: Oct 2011
Posts: 5,600
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Re: Credit Cards
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Originally Posted by The Matt
Don't buy anything if you don't have the cash to pay for it right then has always been a motto of mine. 25 years old with no debt says it works.
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We will see if it still works when you are 45-years-old and at the mercy of the landlords.
Quote:
Originally Posted by The Matt
I'm renting my house, and i pay cash every month for the ability to stay in it, and yes, I did pay cash for my car.
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Quote:
Originally Posted by The Matt
I got a grant for my education. I don't use credit.
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Matt, you are a nice fellow. I am truly happy that there are young men out there who want to live for God and do their best to do the right thing.
However, please come back in 20 years and say you have never been in debt to the bankers.
Eventually, you will want to own, rather than rent a house. Very few people will rent to own these days. Chances are you will not have the money to plunk down cash for a home.
As for education, there were no grants to young people when we were young. Most of us had to go into debt for a student loan to get through school and had to work on the side for our living. You are going to school on our dime, which is a gift to you from us.
__________________
It is better to trust in the LORD than to put confidence in man. (Psalms 118:8)
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05-22-2012, 04:05 PM
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crakjak
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Join Date: Feb 2007
Location: dallas area
Posts: 7,605
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Re: Credit Cards
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Originally Posted by deacon blues
April 30 we made our last consolidation payment. Nearly five years of doing Dave Ramsey and we are finally debt free! We use a Visa debit card and cash. I can reserve hotels and rental cars with the Visa debit. Nothing like living within your means! And when Christmas is over, its over! There are no months of consequence following. When vacation is over it's over, no months of paying for it after! Cut up the credit cards and be set free!!!!
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Wow, so glad someone on here got it!!! Now live like no one else!!!
FREEDOOOOOOMMMMMMM!!!!!!! Found Dave 15 years ago, it took a few years but it has been great awhile!!!
My children are living it out from there beginning!! What a blessing!
Last edited by crakjak; 05-22-2012 at 04:21 PM.
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05-22-2012, 04:10 PM
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crakjak
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Join Date: Feb 2007
Location: dallas area
Posts: 7,605
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Re: Credit Cards
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Originally Posted by Sweet Pea
Crakjak - I am a total Dave Ramsey fan and support his plan of debt-free lifestyle living completely! However - although most brand name debit cards DO act like a regular credit card - it IS like cash and the money is instantly removed from your checking account. BUT after you have had your account cleaned out by fraudulent use of a debit card and have had to spend six months clearing up the mess and getting your name cleared with the bank and merchants that you had written real checks to (yes, some of us still write checks on occasion) - THEN and only then can you truly understand the advantage of having a credit card!! You can dispute the charges immediately - but you don't have the money out of your account while the dispute is being investigated. I check our credit card account AND our bank accounts online for fraudulent use at least every other day. But I learned this lesson a very hard way - once it is gone from the checking and/or savings account - it is VERY time-consuming to have the money returned by the bank - and then what do you do about your day-to-day living expenses?
The bottom line...... a person MUST learn discipline with their money. We spend no more using a credit card than we would if we were actually using cash (which is the real method that Dave Ramsey recommends). We are debt free and live on a fixed income. At this point in our lives - carrying a balance forward on a credit card would be an extreme emergency.
And BTW - most "debit" cards these days also offer rewards - so yes, you are paying for those rewards in the long run - but until everyone stops using these type of cards, you are still going to be paying for other people's rewards. JMHO
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Would not argue with you, dear Sweet Pea!! You got the spirit of it, and are obviously living it out. Dave's approach is to help folks get debt free and stay debt free. His ministry is having a huge impact on the folks in this country, and the credit card providers hate him for it.
Blessing on your success!!
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05-22-2012, 04:22 PM
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crakjak
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Join Date: Feb 2007
Location: dallas area
Posts: 7,605
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Re: Credit Cards
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Originally Posted by houston
Did you pay cash for your domicile and automobile?
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It can be done, and is being done. Knowledge is power!!
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05-22-2012, 04:37 PM
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Registered Member
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Join Date: Sep 2007
Location: Kentucky
Posts: 399
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Re: Credit Cards
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Originally Posted by houston
Did you pay cash for your domicile and automobile?
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Yes and Yes, Praise God!
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05-22-2012, 05:04 PM
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Isaiah 56:4-5
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Join Date: Nov 2010
Location: SOUTH ZION
Posts: 11,307
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Re: Credit Cards
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Originally Posted by crakjak
It can be done, and is being done. Knowledge is power!!
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Are you also a disciple of Dave Ramsey?
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05-22-2012, 06:22 PM
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crakjak
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Join Date: Feb 2007
Location: dallas area
Posts: 7,605
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Re: Credit Cards
Quote:
Originally Posted by houston
Are you also a disciple of Dave Ramsey?
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I recommend his methods of getting out of debt, staying out of debt, and then doing something significant with your financial resources to leave a footprint for the folks that follow. A sign that we lived on this planet. See our footprint at www.coventryreserve.org
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05-22-2012, 08:26 PM
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Supercalifragilisticexpiali...
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Join Date: Feb 2007
Posts: 19,197
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Re: Credit Cards
I have not done his program, but love Dave Ramsey!!
__________________
"It is inhumane, in my opinion, to force people who have a genuine medical need for coffee to wait in line behind people who apparently view it as some kind of recreational activity." Dave Barry 2005
I am a firm believer in the Old Paths
Articles on such subjects as "The New Birth," will be accepted, whether they teach that the new birth takes place before baptism in water and Spirit, or that the new birth consists of baptism of water and Spirit. - THE PENTECOSTAL HERALD Dec. 1945
"It is doubtful if any Trinitarian Pentecostals have ever professed to believe in three gods, and Oneness Pentecostals should not claim that they do." - Daniel Segraves
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05-23-2012, 04:53 AM
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Registered Member
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Join Date: Feb 2007
Posts: 5,121
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Re: Credit Cards
No debt, here, except for the mortgage!
No major credit cards either, I learned the hard way.
Just a few years ago I was in six figure debt to everyone.
With God's help, never again!
__________________
If we ever forget that we're One Nation Under God, then we will be a nation gone under - Ronald Reagan
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