Can I Really Buy a House Without a Credit Score?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 8 February 2024

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today. Hi, Cammy. How are you?
0:08.5	I'm good. Thanks for taking my call. Sure. What's up?
0:12.6	I am calling because I want your insight on how I should start with long-term investing as a 21-year-old with no debt, no credit, and about
0:23.7	$40,000 in savings.
0:26.1	Way to go.
0:27.2	Yeah.
0:28.0	Wow.
0:28.4	What a great head start.
0:30.5	Thank you.
0:31.4	You're obviously very smart.
0:32.8	How did you learn all this?
0:35.4	Well, Dave, I have fantastic parents who are huge fans of yours.
0:39.6	I think I've been listening to you since my drive back from kindergarten.
0:46.2	You're a financial peace, baby.
0:48.2	Okay.
0:48.6	I love it.
0:49.3	That's awesome.
0:50.5	Well, then you know that we teach folks to stay out of debt, which you have done, to have a plan, which you have done, to have an emergency fund of three to six months of expenses, which you have done, and then start investing 15% of your income into your retirement.
1:09.7	First with a match, second with a Roth, and third, just make
1:13.5	sure you get 15% in there.
1:15.9	And once you're doing that, any money you have above that to save and invest, I'd start
1:21.0	saving towards my first house.
	...

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