Comments by "Brent - Investing On The Go!" (@BrentInvesting) on "Bankrupt by 28: Why Dave Ramsey lost MILLIONS in Real Estate" video.

Dave is good for those who have no self control and vision, (Rainy Day Fund in Savings), (pay in cash), (set budgets), (don't use credit cards). No, No, No, No I don't ever pay in cash cause it's hard to track where money is going and see (if you watch your credit card bill and see subway 20 times a month you know your losing $100 right there. Budgets, I don't trap myself in a box with a budget - just know where your spending money and ask if you need or just want it - what are the benefits of the item etc. This doesn't work for those who are money savvy, I love my 2.5% cash back card (I have to shell out a few k per month, I like to make $75 cash back on money I need to spend anyways).
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You can't succeed without learning from your mistakes and you never fail until you quit - He never quit and he learned and shares his experience and look where he is now. I took his Financial Peace class in the military and it was pretty good... (pay in cash), (set budgets), (don't use credit cards). No No No No lol, I track my Income/Expenses. I love my 2.5% cash back card, I don't ever pay in cash cause it's hard to track where money is going and yeah budgets, I don't trap myself in a box with a budget - just know where your spending money and ask if you need or just want it - what are the benefits of the item etc.
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Dave Ramsey - Next Time On Dave Ram Z Exposed ( I didn't comment in the wrong area, you read this in the wrong spot. )
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Visa charges the company per transaction, there is no added fee on the card owners end. I go and buy a $10 item in cash or on my card - I pay $10 regardless whether it's in cash or on credit.
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I HAVE to make certain purchases so what I can stick on my credit card that's what I do water bill, utilities, internet, trash, cell phones, misc bills, groceries, minor purchases all go on credit card at the end of the month we track what we spend it on, we don't spend more then 46% of our w2 income the rest goes into some sort of retirement account / business funds.
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That's exactly what I want to do, keep a stack of receipts from everyone, every month so that I can manually write them down in a log and add them up v.s having a statement sent to me. :-D
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Yeah - Budgeting is a great step if you have financial distress, I've tracked it in the past but we end up always spending 46% of our net income or less per month and the rest gets swept into Roth 401(k), Roth IRA, business account etc. I just bought my first 3/1 and having it rehabbed now and in contract on a duplex - my next step is an off market 4 plex I was told about. I've always wanted to get into RE, friend just made an offer on a 3/2 so it will be fun - he wants to buy a few free and clear and I'm using leverage to get my first 10 then have a few free and clear so we will compare how we each do etc.
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Yep, I was stationed over in Japan for 3 yrs and was charged % for paying with card - we we always carried at least 10k yen around for w.e we needed + we had our little train card to get us anywhere it was a BLAST being over there. I miss going to Machida and eating out with the wife :-)
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@aaronmcd1214 - I'm not a big spender, being pretty limited to outdoor gadgets and tech lol - if It were up to me I'd own a couch/tv/bed and all my electronics. My wife... likes to decorate...picture frames, random cr.. objects around the house for fluff. She just likes it "homely" I guess? either way way chop it up we stay pretty much where we expect. I track our spending and our gross/net income etc, but we generally spend less then 50% of our net income and it's decreasing month after month as our net income increases. If for whatever reason one of us lost our job etc then we might start really coming out with the ban hammer. :-) Tracking it with an app can be great - If we have an out of wack month I might look at the credit card statement and highlight our high points. It's usually something weird like home/car insurance or some other wacky bill that is on a yearly rotation.
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