Dave Ramsey on credit cards Video

Dave Ramsey explains why credit cards are a scam for the middle class.

When i need to buy ...
When i need to buy a piece of equipment for the company I work for I use MY credit? card. Then I get reimbursed by the company sometime in the future. When I'm spending thousands of dollars a year those cash back rewards add up to several hundred happy meals, Dave. I'm the type of customer credit card companies hate most.

Couples Save $50 ...
Couples Save $50 off? first-work fee at Lexingtonlaw credit repair when they signup together More info in my channel

My parents love ...
My parents love Dave Ramsey!!?

I don't think ...
I don't think credit cards are definitely good or bad. It comes down to how we use them. Like driving in a car, a car can? be helpful or dangerous it comes down to how we use or manage the car. Say with credit cards, use them in the right way and with respect that if you don't they can be dangerous. As for all of this "Millionaires say credit cards are scam for middle class" that's Rubbish, Millionaire's use credit cards like everyone else, they just pay them off and manage them.

ty?
ty?

This is complete ...
This is complete nonsense. I have cashback card earning 1% on all purchases. I get paid for spending money which I would? spend anyways. I have a budget and limit what I spend and monitor it weekly. My credit companies have never not posted a payment. My point is I make more money using my credit card then spending it in cash. Cash is for undisciplined people who don't have any clue on how to game credit cards. In fact the morons that revolve on credit cards subsidize reward cards.

@neemguy81 Nah, ...
@neemguy81 Nah, really not worth it. You never really own your house anyway (property tax). I'll probably just save money by renting forever.?

@chifylube Screw ...
@chifylube Screw credit...pay? cash for the house someday.

@jebenn23 Why do ...
@jebenn23 Why do you? need a credit rating if you plan on paying cash for a house?

My sister made this ...
My sister made this same argument about saving money by getting a discount. She's an idiot and debt is dumb and cash is king is right. I've been following his advice? for awhile now im only 6 months away from buying my first house cash. Screw the bank im not paying a bit of interest

I'm at least 15 ...
I'm at least 15 years away from buying a house (I'm going back to school to get a phd) so maybe I'll get a credit card in 11 years to build up my credit rating. But I hope to pay cash for a house in Colorado.?

@chifylube You? go ...
@chifylube You? go through a direct lender.

So how do you ...
So how do you suggest? I build my credit rating so I can get a house some day?

@DojangRat ... ...
@DojangRat ... good points you made. I'm weird too, I have money (real dollar bills!) in my wallet and a low credit score. Credit cards should be made a lot harder to obtain, that? would help weed out the weaklings who buy everything with these cards.

Things were so much ...
Things were so much simpler years ago, when we paid for (almost) everything with cash. If we didn't already have? the money, we saved up and then bought the goods. Personal debt was minimal 30+ years ago. Years ago, it was harder, far harder to get a bank loan and a credit card. Now it's so easy to get credit. No wonder personal debt is a crisis and getting worse. Dave has some good ideas, but to me he's just another money guru. Next.

@ir10031981 many ...
@ir10031981 many people believe it's hard living without a credit card. Sure people will think you're weird or have gone mental for cutting rid of your card, so what? remember what? Dave says, "Normal is Broke". I have learned to live on cash only, my sister laughs at me, I don't care. She owes credit card companies every month, I don't. I am not a slave to VIS, MasterCard, etc. and you shouldn't? be either. Stick to Dave's way.

I know people who ...
I know people who make every single payment with a credit card. They never carry cash. Even a 1 dollar candy bar? at the gas station they put on a credit card. They have 9 different cards because they think they save money buy getting a "company credit card" like a Sears CC for example. They think CC are the only way to go and brag about their credit score being high. Meanwhile they are in debt for years. I would rather have money than a high credit score. I'm weird.

I've been living ...
I've been living and thinking like that caller Jim, I can relate. Thanks Dave, we could all? benefit and be motivated by your radio show.

I think I'm gonna ...
I think I'm gonna have to dump two things, #1 credit card, and #2, my girlfriend if she doesn't want to understand how I feel. In 2011 I made a resolution to stop using my credit card if not cutting it up, I thought I wasn't gonna use my credit card any more, until the day I went to the mall with her and bought her stuff. And my cousin , who graduated college, suggested I raise my credit limit, oh boy. I'm finally ready to? go back to doing it Dave's way. Good riddance Visa!

ALMOST DEBT FREE ( ...
ALMOST DEBT FREE (EXCEPT STUDENT LOANS, BUT THE SKY IS THE LIMIT). SALLIE MAE? AND FEDERAL DIRECT WONT GET ME!!!!!!!!!!!!!!!!!!!!!!!!!!!!! LUV DAVE RAMSEY PLAN.

@Joeys48 its not 3% ...
@Joeys48 its not 3% monthly, its 3%annually, so your $30 would only be $2.5 a month. And that will? no buy you a happy meal.

@ir10031981 What? ...
@ir10031981 What? so you? earn a low income and plan and making up the difference by using a credit card, you are in big trouble dude. Low income earners still need to budget. I started out working at a service station pumping gas and am now a self made millionaire, and let me tell you with out saving and bugeting I would have nothing,

@Joeys48 3% per ...
@Joeys48 3% per year of $1000 is only $2.50 per month, which is less than a happy meal. Dave was saying if you put your $1000 in a bank account for 1 month while you use your credit card? you wouldn't earn enough for a happy meal, he is right, you are wrong.

if you make $25,000 ...
if you make $25,000 or less a year , you're headed for trouble in your marriage or relationship, pfft, I got a girlfriend who's 19? and doesn't work, if I talk to her about budgeting, and not using credit cards ever, I predict a good chance she'll flip out , not care and maybe leave me. I'm making roughly $17,000/yr, I believe I am a good example of my statement.

Credit Card's are ...
Credit Card's are legalized loan sharks. Credit card companies are pirates out to look for treasure. Captain hook types they need their slaves for the money also the ones who get paid nicely to make them look good. People stupid enough to sign up for captain hook's crew get what they deserve it's the same? way with credit card companies.

@ir10031981 what's ...
@ir10031981 what's wrong with you? why would you want to do that? if anything, get rid of your credit card, cut it up, dump it, cancel it! whatever, credit card companies love to charge interest and they therefore want to keep you in debt. I owe $22,000 in student loans, and just like my sister, I avoid credit cards. Trust me, credit cards? suck, pay with cash dude!

how? do I raise my ...
how? do I raise my credit card limit?

what about when ...
what about when employers ask you to get a credit card? my last job? caused credit card debt as soon as the job ended, I destroyed the card you cannot destroy a credit card if you need it for work