Anyone here go through debt consolidation?
- Thread starter Mully
- Start date
This is the reason why I throw my credit cards :mj07:
but seriously, it's really hard not to use those credits my advice is spend wisely
but seriously, it's really hard not to use those credits my advice is spend wisely
from what i`ve read,a very smart dude this ramsey is...if i were you i`d check him out... excellent advice from joker.......
g.l.,mully..
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- Feb 12, 2000
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Dave Ramsey is based here in Nashville (technically Franklin) and have seen him live twice.
Regardless of what you can do as a short-term patch with equity in yours and your aunt's house, the advice that you will get from Ramsey will save your ass in the future.
What Joker is offering (buying and sending you the book) is an extremely great opportunity for you to learn something that will pay you more money over your lifetime than a college education will (for most people).
Take him up on the offer!
Regardless of what you can do as a short-term patch with equity in yours and your aunt's house, the advice that you will get from Ramsey will save your ass in the future.
What Joker is offering (buying and sending you the book) is an extremely great opportunity for you to learn something that will pay you more money over your lifetime than a college education will (for most people).
Take him up on the offer!
You'll probably just have that much run up in a few years and be in worse shape. gl though.
Ramsey is a good guy, and I'm sure there's a radio affiliate in your area if u want to give him a listen. I agree with about 95% of what he says, but it's been easy for me to do it b/c I'm naturally thrifty, and I don't care anything about 'stuff'. His book Financial Peace is an easy read, so take up The Joker on his offer. I remember reading it in a 24 hour period back in the mid 90s. I actually woke up my fairly newly wedded wife at 3am when I finished reading it because I was so excited, ha ha! GL!
- Mar 19, 2006
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- Nov 7, 2004
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I knew you would come through with some great advice...
Been through it......I feel the pain - lots of sleepless nights......I sleep good now though.....:SIB
"Debt is dumb, cash is king, and I was STUPID in capital letters."
BUT now "I am Better than I deserve".
Joker is absolutely right, and Pug had some insight I did not know about, and glad I avoided that method.
DAVE RAMSEY ROCKS !
I took his Financial Peace University.
:director: Mully, you GOTTA get GAZELLE INTENSE, or the CHEETAH will eat you alive.
If you find yourself in a HOLE, STOP digging.
I am selling things off (STUFF), recycling pop cans, just stopped smoking, killed the newspaper a year ago, pack my lunches daily for over a year, extend my haircuts to 6 weeks instead of monthly, clipping coupons, stopped going to movies, stopped dining out weekly, stopped the yard treatments, etc etc.
We dumped an upside down, under water house in a new developement we thought we just had to have, was STUPID in capital letters, did a 3-2-1 buydown in 2004, payments went up, we knew they would and paid the 2nd year amount the entire first year, then we stubbed our toe, income dropped, others went foreclosed in the developement, values collapsed, owed 168k on a 173k purchase. I couldn't see any comeback in value for a least 5 years, and that was 3 years ago. I was wrong it will more than likely be 7 to 9 years??? Well over 20% foreclosure there.
Set up short sale, dropping price every 2 weeks, got it down to 140 from 162 start, and received a 120k offer, I figured NCC would counter, they didn't they took it. Last foreclosure in there was 195K new and went for 124k last August.
Rented for two years, now live with son, and he is dumping his student loan, has a paid off car, and doing the same thing. Getting outta debt. Sacrifices yes, but I am on the train at the end of the tunnel. I see the daylight, now:00hour
You want to see how bad things really are, google Calculated Risk Blog and look at some of the charts. Property taxes paid on this single parcel are 28% less than I paid in 2007. Better stop now or this will turn political.
I am making 42% LESS now compared to 2005-2007, but BABY STEP ONE is complete, and my DEBT SNOWBALL is rolling and picking up steam. I have reduced debt, by $3893 since July 1st, 2009. I have no credit card debt now.
I should be able to hollar, "I'M DEBT FREE by the end of 2012. :toast:
I no longer worship at the great altar of FICO.
BUT now "I am Better than I deserve".
Joker is absolutely right, and Pug had some insight I did not know about, and glad I avoided that method.
DAVE RAMSEY ROCKS !
I took his Financial Peace University.
:director: Mully, you GOTTA get GAZELLE INTENSE, or the CHEETAH will eat you alive.
If you find yourself in a HOLE, STOP digging.
I am selling things off (STUFF), recycling pop cans, just stopped smoking, killed the newspaper a year ago, pack my lunches daily for over a year, extend my haircuts to 6 weeks instead of monthly, clipping coupons, stopped going to movies, stopped dining out weekly, stopped the yard treatments, etc etc.
We dumped an upside down, under water house in a new developement we thought we just had to have, was STUPID in capital letters, did a 3-2-1 buydown in 2004, payments went up, we knew they would and paid the 2nd year amount the entire first year, then we stubbed our toe, income dropped, others went foreclosed in the developement, values collapsed, owed 168k on a 173k purchase. I couldn't see any comeback in value for a least 5 years, and that was 3 years ago. I was wrong it will more than likely be 7 to 9 years??? Well over 20% foreclosure there.
Set up short sale, dropping price every 2 weeks, got it down to 140 from 162 start, and received a 120k offer, I figured NCC would counter, they didn't they took it. Last foreclosure in there was 195K new and went for 124k last August.
Rented for two years, now live with son, and he is dumping his student loan, has a paid off car, and doing the same thing. Getting outta debt. Sacrifices yes, but I am on the train at the end of the tunnel. I see the daylight, now:00hour
You want to see how bad things really are, google Calculated Risk Blog and look at some of the charts. Property taxes paid on this single parcel are 28% less than I paid in 2007. Better stop now or this will turn political.
I am making 42% LESS now compared to 2005-2007, but BABY STEP ONE is complete, and my DEBT SNOWBALL is rolling and picking up steam. I have reduced debt, by $3893 since July 1st, 2009. I have no credit card debt now.
I should be able to hollar, "I'M DEBT FREE by the end of 2012. :toast:
I no longer worship at the great altar of FICO.
Why don't you just send him Financial Peace? I thought that was the gold standard as far as Dave Ramsey goes.
This might confuse some people here.......you know how some people want their score to be above 800 or they are worried that their FICO is 640 etc....
I want my FICO to be ZERO!!!!!
Takes a lot to get to that point. I bet you Warren Buffet's FICO is zero.
All joking aside. Committing to this is probably like trying to stop smoking, lose weight, etc. You have to be "all-in" to really, truly change habits.
just my opinion but if you are in a bad spot like you described, and really want to get out of it, you need to stop betting on sports.
just my opinion but if you are in a bad spot like you described, and really want to get out of it, you need to stop betting on sports.
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- Nov 7, 2004
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