Seeking Honest Advice
02-15-2019, 06:51 PM
#33
Gets Weekends Off
Joined APC: May 2017
Posts: 2,145
Originally Posted by Skyguy85
If you upgrade and end up at LGA is t that good since your moving back east anyway?
02-16-2019, 06:41 AM
#34
Part of the problem
Joined APC: Jul 2013
Position: CRJ200 CA
Posts: 577
Originally Posted by Nevjets
Dave Ramsey would frown at the advice you gave: refinance debt and not cancel your credit cards.
I pay every bill and purchase I can with a no-fee credit card and use the reward points for airline tickets and over $1,000 a year in lowes gift cards which gives me $50 for $40 worth of points. Just don't carry a balance. Pay it off every month.
Further-disciplined use of a credit card helps build a good credit rating which these days afffects more than credit, ranging from insurance, qualifying for a mortgage, to employment opportunities.
02-16-2019, 11:51 AM
#35
Line Holder
Joined APC: Aug 2014
Position: The Bird is the Word
Posts: 27
Originally Posted by Flogger
Dave Ramsey is not right about everything. Credit cards have many advantages over cash or debit, if you have the discipline to not carry a balance.
I pay every bill and purchase I can with a no-fee credit card and use the reward points for airline tickets and over $1,000 a year in lowes gift cards which gives me $50 for $40 worth of points. Just don't carry a balance. Pay it off every month.
Further-disciplined use of a credit card helps build a good credit rating which these days afffects more than credit, ranging from insurance, qualifying for a mortgage, to employment opportunities.
I pay every bill and purchase I can with a no-fee credit card and use the reward points for airline tickets and over $1,000 a year in lowes gift cards which gives me $50 for $40 worth of points. Just don't carry a balance. Pay it off every month.
Further-disciplined use of a credit card helps build a good credit rating which these days afffects more than credit, ranging from insurance, qualifying for a mortgage, to employment opportunities.
Yeah, you can hack the CC Rewards System pretty hard (I do), but one time of not paying your Balance off every month can bite pretty hard. This is when they hack you.
02-16-2019, 06:04 PM
#38
Gets Weekends Off
Joined APC: Oct 2016
Posts: 846
Originally Posted by Flogger
Dave Ramsey is not right about everything. Credit cards have many advantages over cash or debit, if you have the discipline to not carry a balance.
I pay every bill and purchase I can with a no-fee credit card and use the reward points for airline tickets and over $1,000 a year in lowes gift cards which gives me $50 for $40 worth of points. Just don't carry a balance. Pay it off every month.
Further-disciplined use of a credit card helps build a good credit rating which these days afffects more than credit, ranging from insurance, qualifying for a mortgage, to employment opportunities.
I pay every bill and purchase I can with a no-fee credit card and use the reward points for airline tickets and over $1,000 a year in lowes gift cards which gives me $50 for $40 worth of points. Just don't carry a balance. Pay it off every month.
Further-disciplined use of a credit card helps build a good credit rating which these days afffects more than credit, ranging from insurance, qualifying for a mortgage, to employment opportunities.
I agree that he isn’t necessarily right for everyone’s circumstances. I believe he gives advice to the lowest common denominator. As an example of something I don’t agree with him on is not getting a mortgage unless you can put 20% down on a conventional 15 year term with a PITI of no more than 25% of your monthly gross income. I only replied to your post because you mentioned bragging to Ramsey. He wouldn’t approve of your advice.
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