This is to expound on a reply I made to cyber cafe Molly speaks her mind ( Her friend got foreclosed). Now I'm no expert when it comes to money. But I do know this our dollar stretchs farther when we don't have high interest debt ( credit cards). Debt, Debt, and more Debt. Lets get rid of it.
Now I'm going to be transparent here I've been in debt up to my eyeballs and I have been debt free 2 times in my life. I've never filed bankruptcy and I've worked hard to pay back all debtors even after several business failures and a divorce. (Is this too much information?).
I say this for this reason we need to be wise and help our clients make a wise choice when it comes to making the largest purchase of their lives. I am not an advocate of credit card debt or any debt for that matter!! And I think I have a responsibilty to my clients when it comes to this, and I have actually turned clients away from a purchase if they are not ready to buy. And this has come back to me in many referrals. When investors work with me I give them Robert Kiosaki's book "Rich Dad Poor Dad" And in the future if people have any credit issues I will recommend the Dave Ramsey book below.
"Buying a home is an emotional purchase thats why they went through with it, and society in general has groomed us to spend way more than we make. Just look at the credit card industry. And the fact America as a country is trillions of dollars in debt. So lets not be quite so quick to blame just one individual we are all to blame. I recommend a book by: David Ramsey "The Total Money Makeover" We need to all think differently about debt and money!!" (Taken from my reply to cyber cafe).
Good Day!! Have a cup of java and a smile on me :)
www.duayneweir.com REALTOR in Minneapolis Minnesota
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