Tag: real estate
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Dave Ramsey’s arguments on housing prices are weak. Real-Estate Prices are already dropping!
Dave Ramsey is certain that houses prices will continue to rise. He uses really simple data to deduce this result. AJ breaks down why his data isn’t relevant and what we do know about what’s happening in the housing market. SPOILER ALERT: It’s just as simple as saying “People need houses.”
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The 4% Rule: A Simple Guide to Building Wealth with a Mortgage
Building wealth is a process of weighing decisions in order maximize their impact on your long term net-worth. AJ breaks down why The Wealthy Idiots believe in the 4% rule when considering debt on your home and how it makes sense to use it to maximize your wealth!
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DC Poc’s Investment Success: Interview with Entrepreneur, Founder at Wealthy Idiots, Finance Writer
In this interview, we discuss DC’s investment success over the past decade and how he’s converting his simple job income into a multi-decade wealth building plan. DC is an accomplished investor, finance writer and founder at The Wealthy Idiots
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I was WRONG | How does Mortgage Amortization affect your Wealth?
Mortgage Amortization can be a confusing topic for new home buyers. AJ owns several homes, built an amortization calculator from scratch, AND still got confused in a conversation about it. AJ explains what Amortization is, how it evolved in the US over time, shows an example using the Wealthy Idiots Mortgage Calculator, and lastly, what this means for building your wealth!
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REACTION: Dave Ramsey’s terrible advice given to first time home buyer | Dave Ramsey Show
AJ reacts to a Dave Ramsey Clip where a caller wants to know what to do with $550 thousand dollars he has in savings. Dave gives the most conservative advice that will actually cause the caller to lose money!
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Leverage may be the Biggest Wealth Building Secret! Dave Ramsey Will Hate This!
Leverage is an essential tool for building wealth. Sorry Dave Ramsey. AJ explains the What, Risks, How and Why’s of leverage.
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REACTION: You won’t believe Dave Ramsey’s response to this real estate investor!
Dave Ramsey gets a call from a novice real estate investor and chastises him for “living on the edge”. AJ explains how real estate is a business and any debt taken out to invest in real estate should be well thought out and intentional.