Live like no one else, so that later you can live like no one else

-Dave Ramsey

Three Mistakes That Can Sabotage Your Retirement /via @ramseyshow

Debt does not help you build wealth for retirement, nor does it save you money. Debt is not a tool that can build prosperity. Every day that you’re in debt is a day that you sabotage your retirement.

If you want to be rich when you retire, then do what rich people do. According to Forbes magazine, most rich people agree that the best way to build wealth is to become and stay debt-free. If you haven’t yet begun your Total Money Makeover, start now!

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All Dave's books, CDs & DVDs are $9.99

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Last weekend, I purchased The Total Money Makeover from the site. After shipping and tax, I spent about $15 – still, $10 cheaper than retail. You should check out all the great stuff in the store. Only a couple more days!

My @Yelp success story

My wife and I are moving to a new house. It is almost ready for us, so we are really excited. With a new house, comes a new mortgage. Unless of course you are on Dave Ramsey's baby step #7 which would mean that you already have your home paid off and are sitting pretty, building wealth. We are not there yet – but one day soon enough we will get there. Today though, we still need a mortgage.

A little background: our previous home mortgage was with Wells Fargo and we were pretty happy with them. So I just figured, what the heck, I'll give them a call again. I definitely didn't want to go with Bank of America – I hear Dave tell horror stories about them all day long. So, I locked in a decent rate on August 2nd. Just under the 60 day mark before closing. Things were good. The rate was a little higher from what I had seen a couple months before, but I just rolled with it.

Fast forward to last Friday. In talking with my Realtor, it was looking like our house was not going to be ready in time for the original closing day. It was going to be pushed back about a week or so. Not horrible, but still delayed. This brought to mind my 60 day period for the locked-in rate. If closing got pushed back more than a couple of days, my rate could expire.

Now, I haven't really heard from Wells Fargo since I first locked in my rate. Yes, I received some documents in the mail to sign, and I have emailed with some questions, but it usually takes a couple days to get an answer. Nobody has reached out to me through the process. So when my Realtor emailed them to ask about extending the lock-in period, and she didn't get any response, that pretty much did it for me. I had to follow up, and one of them replied, saying that there would be a fee to extend the period.

This gave me a way out – since I was not happy with the service and I felt like they could have waived the fee if they *really* wanted to. It was still not too late to go with a different lender. Yesterday I knew that I needed to make some calls. I did a couple google searches, felt a little overwhelmed. Then it hit me… YELP!

My friend Roy has recently opened my eyes (again) to the power and usefulness of Yelp. I have been reviewing and bookmarking all sorts of restaurants. But, this time I wasn't looking for a new coffeeshop, or a great taqueria. Yesterday I needed a lender. Here is what I found. The first one on my list was a lender with (3) 5-star reviews. Granted, I know only 3 reviews is not that many, but all 3 of them were fairly substantial. So, I called them up. I gave the receptionist my short-story and then she asked "how did you hear about us?" I said "I actually found you guys on Yelp". For a second I was thinking to myself "she is gonna think I am a nut". But no, she made it sound like it happens all them time. And, she then proceeded to pass me on to the Loan Officer who is mentioned on Yelp as being awesome. Long story short, I locked in an even lower rate than before, and I am getting great, local service.

How do you use Yelp? If you don't I suggest you start.

You can find me here on Yelp.

Dave says to buy Term Life Insurance

I have been in the market for homeowner’s insurance. I just about have it all squared away. In talking with the provider, I am finding that there are multi-line discounts to be had. Today, as I was nailing down the details of the new homeowner’s and auto policies, they asked if I had life insurance yet. I do not, but have planned to buy it very soon. Well, I think this is the time, because there is yet again another discount for adding it to the array of policies.  I knew Dave Ramsey says to go with term life insurance (15 to 20 years) with coverage of 10 times your salary. However, I wanted to just hear it from him again. Here is a video I found:

Dave's Thoughts on "Cash for Clunkers" – great read @ramseyshow

The worst car accidents happen on the showroom floor. New cars go down in value like a rock.

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Dave always does such a great job putting things into perspective! Thanks, Dave.

Consumers Feel the Next Crisis – It’s Credit Cards – NYTimes.com

Consumers Feel the Next Crisis – It’s Credit Cards – NYTimes.com
Good thing I take Dave Ramsey’s advice