00:00Why is Dave Ramsey allergic to you being financially independent?
00:03Rich people ask how much.
00:05Broke people ask how much down and how much a month.
00:09That house costs $400,000?
00:11Okay, Dave Ramsey says that I need to buy it in full.
00:14So when I rent it out for $4,000 a month,
00:17that'll only take me 100 months and then I'll start making a profit.
00:20Uh, I'm gonna put $12,000 down and rent it for $4,000 a month
00:25and my mortgage is gonna be around $2,500, maybe $3,000 a month.
00:30So I'll make a cash flow of $1,000 to $1,500 from day one.
00:34I guess I'm cool with being broke, Dave.
Comments