How Far Are You Willing To Go To Win?

Dave and Rachel are joined by real estate expert Brian Buffini to discuss the current state of the housing market, how to get ahead, and what to do if you're looking to buy or sell a home.

Dating and Finances

Ashley from Boston calls in, she's 30 years old and has managed to save up a net worth of $1.4 million. She's been dating and hoping to get married soon, but she's realizing that not every guy shares her sentiment about financial responsibility. She believes that financial attitudes are as important as politics and religion in a relationship. She's hitting a wall with these guys and is unsure how to proceed.

Rachel acknowledges that it's tough, but advises Ashley not to cut someone off immediately. She says that people can change, and it's important to see if they have the humility to listen and adapt. Rachel emphasizes that it's more about the value system than strict adherence to financial rules. For example, one person can be a spender and the other a saver, as is the case with Rachel and her husband, Winston. The key is to have a shared value system where money isn't an idol and isn't used for risky behavior.

Dave adds that just because someone is in a financial mess doesn't mean they should be ruled out. The important thing is why they are in a mess and whether they intend to stay there. If they are willing to learn and change, that's a good sign. However, if they brag about their financial irresponsibility, that's a red flag. He stresses that not having any payments is the shortest method to becoming wealthy, and normalizing debt is a dangerous mindset. He advises against taking out a 30-year mortgage, as the interest paid over that time is substantial. He concludes by saying that these principles come from the Bible and common sense: live on less than you make, get out of debt, always be generous, always be saving, and always have a written plan for your money.