Heard this on Serius channel, the Dr. Daloney radio show on Ramsey Solutions. Taking out a HELOC is literally paying the bank interest to borrow your own money. Money that you earned through gaining equity in your home over time.
What a racket. If people were educated on financial matters from an early age, the fucking banks would go broke.
Icemonkey, I respect you... I'm generally a pretty good judge of character... I just personally don't like him! If you find value in him, then by all means, follow him... I'm glad that you find value in him, I just personally don't. To me, Something stinks about him, Sort of like Pro Wrestling in the early 80's, where we always suspected that something was off, but none of us had the balls to call it out, because there were so many true-believers out there that would just label you crazy...
iSnark 1 points 7 months ago
Icemonkey, I respect you... I'm generally a pretty good judge of character... I just personally don't like him! If you find value in him, then by all means, follow him... I'm glad that you find value in him, I just personally don't. To me, Something stinks about him, Sort of like Pro Wrestling in the early 80's, where we always suspected that something was off, but none of us had the balls to call it out, because there were so many true-believers out there that would just label you crazy...