This Is Why You Shouldn’t Follow "Investing Bros’" Advice
The Ramsey Show Highlights
Ramsey Network
4.5 • 838 Ratings
🗓️ 15 August 2024
⏱️ 9 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. |
| 0:04.3 | Start budgeting for free today. |
| 0:06.7 | The dilemma I have right now is that me and my girlfriend |
| 0:08.5 | looking to buy a house within the next year, |
| 0:10.6 | probably starting summer 2025. |
| 0:13.0 | And we're debating whether to go the conventional route |
| 0:15.5 | or go the FHA route that Grant Cardone |
| 0:19.0 | and many other real estate gurus preach. Yeah, you had me at Grant Cardone and many other real estate gurus preach. |
| 0:22.4 | Yeah, you had me at Grant Cardone. |
| 0:25.2 | Guru. |
| 0:26.7 | Okay, what is causing you to want to buy a house when you don't have any money? |
| 0:33.2 | I'm sorry? |
| 0:34.2 | What is causing you to jump into it? |
| 0:36.0 | Because FHA loans are first-time home buyers, |
| 0:38.7 | your brother broke. |
| 0:41.8 | My girlfriend's going to graduate from college around May of next year, May 25, |
| 0:47.6 | and depending on where she gets a job, |
| 0:49.6 | that's where we'll be looking to buy house and settle down. |
| 0:53.3 | Okay. |
| 0:54.0 | And what's the urgency to buy a house versus rent until you have enough money to do this with a little bit more peace and equity? |
| 1:01.6 | The fear of, I guess, throwing money down the drain. |
| 1:06.3 | Let me paint your different picture of fear. |
... |
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