Just got $30K free of charge for 15-18 months

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How does this make you rich in the long term?

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I don't know Dave. Have you ever heard of compounding fricking interest?

I thought it was well established Dave Ramsey is for stupid people?

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I thought it was well established Dave Ramsey is for stupid people?

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Yes, but it can never be restated often enough.

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But it happens I have some money tied up in a 3% variable rate HELOC, so this will save me a thousand onetwo. And it is free money.

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This us not accurate unless you plan in spending 30k the first day. So u might actually spend the last part of the 30k limits 1 month before the 0% interest ends.

Just saying, the only way to use your computations would be something like buying 30k worth of gold from day one and holding (and praying) for 18 months.

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quote: How does this make you rich in the long term? I don't know Dave. Have you ever heard of compounding fricking interest?

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Even on the money board, cynical, cursing responses to valid questions. You're pissed because my question is sound; Dave Ramsey or not. Please explain to me why getting every credit card under the sun with an intro APR of 0% will secure me financially.

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Thanks to three different credit card issuers, today I have access to 30 grand at 0% APR for either 15 or 18 months depending on the issuer. That is why building an excellent credit history is such a good thing to do.

For the next 18 months I don't have to pay expenses, I just set aside the money I would have spent into an account that earns income instead until the time limit expires. Plus I get various rewards on the cards.

Dave Ramsey can suck it.

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First off, good job on being responsible about paying your bills on time, which is clearly uncommon this day and age (this is why Dave Ramsey has a career). It's nice to have perks for a job well done.

Now, I have 2 questions:

1.) How long did it take you to build this magnificent credit history?

2.) Approximately how much did you have to borrow, and how much interest have you paid in your credit building journey to be worthy of the privilege of having control of $30,000 of the credit card companies money @ 0%APR for 15-18 months?

I'll add to the credit brag thread.
$1,200 in rewards YTD. $0 interest paid.
Take that Ramsey.