Everyone Needs A HELOC?
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- เผยแพร่เมื่อ 28 ก.ย. 2024
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Jade made an epic comment at 5:06 about the 3-6 Months Of Expenses Emergency Fund coincidentally being sized large enough to cover the homeowners insurance deductible for storm damage repair.
I'm not foolish enough to think that is the core rationale for the 3-6 month figure, but (not having read the books or attended FP) I've never seen that Ramsey Rationale before. If that's not a footnote somewhere in the Baby Steps, you should add it to instructor manterials. And give her a raise for mentioning that insight.
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
Could you kindly elaborate on the advisor's background and qualifications?
“NICOLE ANASTASIA PLUMLEE’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
5:30 "An emergency fund turns a crisis into an inconvenience." So true.
you need a strong job to fund it.
@@commonsense-og1gzwrong... that is 100% WRONG. LOOK UP VELOCITY BANKING.
I disagree with the insurance sending you money right away. I was in a hurricane and my roof got damaged. It took them a while to come and see what was wrong; one can't wait with a damaged roof when it keeps raining.
Maybe you weren’t the only one with a torn roof during a hurricane.
Many people use a HELOC in place of an emergency fund, which is not advised. FYI, you will inevitably experience emergencies. You definitely don't want to pay interest on an emergency expense.
Especially if you don't have a plan to pay it back!
My advisor told me the same thing, get a heloc just in case. I refuse and decided to save at a gazelle pace.
Did you get a new advisor?
@@teenyverse7707 right!! Lol
Actually I have had one for 3 years. Never put more on it than I could pay off with cash. It is an powerful tool you can use to play off your mortgage fast. When you use it correctly it works
No it doesn't. That's just the Infinity Banking scam.
Our HELOC felt like a boat anchor… Paid it off several years ago and I will never ever do it again.
yeah, I discovered I don't like it either, gonna go crazy to pay this bad idea off.
Same. I'd rather sell a kidney than to ever get a HELOC again.
@@carolinabrown8336 You know any good brokers?
Why can you explain ?
because they didn't use it properly that's why. You use it for a quick flip and quick flip only. like me i have a 500k HELOC but I ONLY tap into when im paying cash for a fixer upper. Example - I purchased a fixer upper for 300k cash using my HELOC, then put 75k into it, then got it reappraised for 470k, then I did a cash out refinance, they gave me 80% of that 470k (376k), used that 376k to pay back ALL the money I withdrew from my HELOC and now I basically have a free newly renovated rental house with 20% equity in it with ZERO money out of my own pocket and now I just repeat that process. Be smart about it and don't make dumb moves like these fools and you'll be fine. and definitely don't listen to this Ramsey clown.@@DavidMFosterIII
Jade is BY FAR my favorite of the new personalities you're trying out!
I’ve been in construction and maintenance for many years. For those of us who are handy and know what you’re doing I just used bonuses and extra money that came in and used it to purchase materials for home improvements. No loans, no contractors. Pulled any necessary permits. Sweat equity. If I decided I wanted to add on I’ll save up for it. I can’t believe people would borrow money for a yard.
Jade and Dave sarcasm multiplying off each other 🤣
yes, it's smug and a turn off
@@shaunfogarty3020 I agree
@@shaunfogarty3020Dave and Jade really come off as pricks. She didn’t even know how a HELOC worked in terms of the interest. Then he explains it and she makes fun of people out of her ignorance.
I opted to get a HELOC, only used it twice so far for home repairs. So far no issues, pay it off monthly or whenever I feel like it. I would not suggest using it as an emergency fund. You should have an actual emergency fund as an emergency fund.
@@RustyZipper Exactly!! SAVE for those things instead of giving the bank money.
@@RustyZipper depending on how you pay it back (large chunks) the interest is irrelevant
Yep I paid a downpayment for a rental property 15 years ago from my HELOC, paid it off ASAP and now own the rental free and clear. Clearly a bad choice?!
You can get a fixed rate HELOC.
Don't use it for simple home improvements or expensive trips.
Use it for things that exceed your emergency fund.
Like say your insurance is paying for a new roof, but you want to pay the 15k difference to get a steel roof that will never need to be replaced.
Be smart with it and you will be fine.
Heloc only gets paid on as you use money from it, unlike a second mortgage that needs repayment the second it's active.
Mine is fixed rate.
Seems like a really wise approach - I like it!
Why rely on debt for emergency. Save money for emergencies. You don't want to go deeper into debt in an emergency
@@Nolaman70how do you use your HELOC
When I redid my kitchen and the floor, I paid cash. Because I think it’s very weird to borrow money for home upgrade.
We did the same. We recently completely renovated our downstairs family room with CASH!! That's what we use our savings account for. Then we build it back for the next project, or vacation, or a cruise, or whatever.
You can use HELOC to buy and flip a home. Make a ton of money and put back the LOC money you used.
Nothing wrong with HELOC. I have a 50k one with fixed rate. I carry a zero balance but it's there if I need it. I will most likely use it for my next rental property down payment. It's a great tool to have in your tool box. If your not smart with money then just stay away from it.
Thats fine, but it isnt in alignment with the Baby Steps.
@@JL10007406 true but I'm an adult.
@@Nolaman70 My man says “If Dave says jump off a bridge, well by golly, I’m going to jump off a bridge.”
This is actually not true. They're typically indexed to prime rate. (ex. prime+1% or Prime+2%) They can't just jack it up 10% because they feel like it. Some banks also offer Fixed HELOC options where you rate stays the same and will not fluctuate at all.
Still a terrible product.....
My mother is 81 And still paying off her HELOC
She pays the minimum payment then.
I didn't even know what a HELOC was until I started watching clips from this show.
I want to sell my home(mortgage free,fully paid off) to buy a bigger home outside the major city i live in. Me and my partner want to start a family so we need a bigger home and right now in the market there's less competition so it seems like its a better time to buy. Spoke withe 2 mortgage brokers. One said to get HELOC and LOC to pay for new home. The other broker said just HELOC and the rest pay with cash. I have the cash in the bank, plus extra. Im not shy on cash. Homes near my current home are taking a month max to be sold, according to listings. I want to go with just LOC but im no expert. Any thoughts or guidance?
Current home value $1.2mil, new home $1.2mil.
I have 60k worth of credit cards which i never use i will use if i m dying kind of emergency to save myself from that trouble and pay back in 30 days if i assume i cant pay in 30 days i might choosing death over credit card usage
5 minutes of criticism, 2 minutes somewhat informative. The co-host is an echo of Mr.Ramsey, which is kind of annoying. Can you just be informative without being a dush?
HELOC = Paying the bank interest to borrow your own money.
401k loan over HELOC
They can be fixed rate or variable. I agree that variable is very dangerous.
Yep! I have $102k in equity and I refuse to touch it!!!
Don’t use a heloc to fix your home use it to add passive income and put your equity to work , you only pay interest on what you use but it’s goo bro have instant access to your equity to buy an asset in a instant
HELOC = Home Equity Line of Craziness
5:54 - In other words, you're BAAA-ROQUE!!
0:44 This is the scariest thing I've ever heard. I'm not saying to not leverage debt if you know what you are doing... but if you know what you are doing you NEVER get a loan with variable interest rates, especially one that you can't track how it's calculated.
One can get rich using HELOCS to buy and rent out properties.
I have a fixed rate HELOC @ 2.70 percent. You can take a lump sum out in a fixed rate. I still have this money and am earning 5 percent interest on it (still below inflation). I am waiting for a huge down turn in the market (20-30 percent). I get this is math and this is not the kind of behavior to earn wealth. Assuming I wait for a 20-30% correction, i don't see the problem with dumping into bonds and s&p index as i can afford the monthly payments and have an emergency fund and am already saving for retirement.
I love Jade!!!! Great collab with Dave ❤🎉
The only thing worth using this "heloc" loan for is transferring your student loan into it, but you still have to pay despite the interest rate changes it should be less than the student loan interest rate.
Not for investing?
We had an emergency situation where we unexpectedly had to get our roof replaced and the damage was not coverable by insurance. We had to finance the project, and the finance company the roofing contractor uses (Foundation Finance) is charging over 11% interest on the loan. What is our best option for borrowing elsewhere at a lower rate to get rid of this 11+% loan in exchange for a lower rate as we strive to pay this thing off as soon as possible?
Its not a crisis if you have the money to pay it off with cash but do not want to use all your saving and be left with nothing.
Dave definitely doesn't live in Florida if he thinks insurance companies are ethical when it come to paying for storm damage repairs. LOL
What if I use a HELOC to improve my house then sell it?
Loan and line of credit are not the same. A home equity line credit (HELOC) is not a mortgage, Dave is 100% wrong on this. A a home equity loan is a mortgage. A HELOC works like a credit card, you only owe what you spend on it. You can treat it like a checking account by automatically adding your income into it, this is the greatest benefit of a HELOC because when your income is deposited it counts as a payment. You can't do that on a mortgage. Additionally you can withdraw cash and pay other bills on a HELOC. The interest on a HELOC is calculated as the average daily balance * the interest rate divided by 365. This is not a scam, this is a legitimate way that people pay their mortgages off. You can literally decrease your mortgage by tens of thousands of dollars over a few months. A mortgage will not let you do that because you pay all the interest upfront.
A mortgage is a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
A HELOC is a Mortgage by definition
It is a mortgage. Just because it is a revolving line of credit doesn't mean it's not a mortgage. It is a line of credit secured by your house.
@@Fred2-123 it's not a mortgage because you don't owe anything until you spend money with it. It works just like a credit card, but the interest is not amortized, it is simple interest only, so it's better than a credit card or a mortgage.
@@TopBam Let's see what goggle has to say. "A mortgage is an agreement between you and a lender that allows you to borrow money and gives the lender the right to take your property if you fail to repay the money you've borrowed."
Here's another from a law firm: "Mortgage debt is a debt that was voluntarily incurred by the owner of the property, either for purchase of the property or at a later point, such as with a home equity line of credit."
Everytime people take out money from a HELOC people think your wealthy and they don't even know what payments you are paying 😂
😁😁😁😁
Some people can not save up for emergency. When they raise kids, the money goes so fast and nothing is left.
I never understood why is the bank loaning homeowners their own money?
Mr Bank why do I have to pay you interest on “ MY equity” key words “my equity”
Huh? Because you are borrowing money.
Emergency funds are a nice way of saying you don't want to commit to paying against principle..
Saving money without commitment to your debts is goofish. Like a dollar waiting on a dime.
There are times and places for HELOCs. In lieu of savings for ongoing living expenses is not one of them.
SHELOC when the debt is initiated by her.
Just refi a fixed rate
Thanks for tell me what HELOC stand stands for.. I had to look at up few year back.
We have a heloc for just in case. It costs us nothing to have, and let's face it. Not all of us are millionaires. We have an emergency fund and all that, but what if?
They are dangerous.
I agree with being debt free. So let's suppose you have established the 1K emergency fund. Now while paying off debt you have a 3K emergency. How should I fund the other 2K? All I have is 1K.
Save more lol 1k is nonsense.
Could you rephrase the question because I'm not sure what your asking. Are you asking how you save 2k?
@@fabbz94 I'm saying if I only have a 1K emergency fund and my emergency cost 3K do I need to take a loan for the other 2k or what?
@@goldrush7293really depends on the emergency. But try to avoid going into more debt if you can and save up the rest to take care of the emergency.
you got cash flow as in " income ", you go from the 1k as a reserve then throw anything else at your debt. Then, build up your 3-6 months of emergency fund.
you can have a 1st lien HELOC and switch between variable or fixed rate lol for a mortgage refi its a perfectly acceptable option, especially if you're looking at $0 closing costs
Thanks brokie
@@alrbredwall you’re welcome scrub
Jade just like Delony goes overboard. As does Dave with him screaming, raising his voice.... the show is not what it use to be
I have a HELOC to help alert me of potential home title theft. Zero balance, zero cost. I may be wrong about this, please advise if you feel.
She lock 🔐
Yeah I just invest in great companies that pay a dividend. Companies I invest into are pretty solid have good cash flows more assets than liabilities etc etc etc I do not believe a home is an asset
😂😂😂😂😂 leverage in Debt darling lol
22:22
Is Jade single?
I initially liked Jade when she first joined the show but I don’t think her and Dave are a good match. You can tell she tries too hard to be like him or impress him. When she’s with George and/or Rachel, she’s more relaxed and doesn’t have to worry about being something she’s not. No shade to Jade at all because I do like her.
What if the heloc is used to start a business
Dave would still be against it.
Most new businesses fail. Now you have tied your house to the business so if the business fails you might lose your house.
If you ever watch those Hell’s Kitchen with Gordon Ramsey. A lot of those people who had failing restaurants were at risk of losing the business and the house because of this.
2021, everyone got stimulus checks. That’s why they redid their yards or whatever
I like Jade more then I like Dave.
All the different ways to say the same thing: borrowing money you don't have...
This is horrible advice and badly misguided. Most home equity lines have a rate that is variable but it is tied to the Wall Street Journal prime rate and they have a fixed margin attached to it that you sign for 10 years. So yes the rate can change but only when the feds and the prime rate increase or decrease their rates.
Use the HELOC to pay down mortgage then you can be debt free in 7-10 years after paying a ton less interest.
So, borrow at a higher rate to pay off a lower rate? HELOCs cost more than primary mortgages.
It’s a way to do it and he’s right
you don't understand it. you don't end up paying the higher rate when you use the HELOC as your checking account. You dump your earnings into the account (counts as payments) and reduce the daily balance (so you don't pay interest on the full amount borrowed)....that savings allows you to pay down your house fast@@robloxvids2233
✝️🙏
When the arms are crossed… and he is calm…. Wisdom is about to flow from the stupidity of others!!! Then the explosion…. Dumber Ethan a rock 😂My man!!!
HELOC just buys u time ..Like bridging finance
wrong. This guy use it to repair his house after hurricane damage. Instead of waiting months for insurance.
If you're waiting months for insurance find yourself a new company.
Ok its a second morgage or debt. Who caresssss. Yawnnnnnnnn. You have to leveraged thier equity . Its a very smart move. But ramsey isnt smart
Don’t they use the good Ole excuse of “act of God” when a storm hits.
first
Man I really don’t care for these new co-hosts.
Dave should council Young folk to never buy their home. Rent is the only thing modern programmed people can be trusted with. Covetousness rules the day. When you buy you are only renting from the bank, you pay your landlords upkeep expenses, taxes, insurance, repairs etc. How stupid. The same bank (landlord) has another company who will promote cash out loans to their tenants on the back side to make sure they never own but always rent from the bank.
But just like heloc, rent is variable. The landlord can charge whatever they feel like
Im really trying to understand the point you are trying to make. Buy or Rent? Could you break it down a little more?
My HELOC is tied to prime rate. Prime +1%. Was free and I’ve never used it. I don’t get the down side
Well then you chose not to pay attention to the video. Why are you even on the RS TH-cam channel?
Debt bro. But you stay plugged in
Like somebody else said it's basically like having extra mortgage on your house for no reason
If you use it it becomes debt.
And if you use it it means you've had an emergency and then in light of that emergency you've gone deeper into debt.
Better to just have a robust emergency fund.
@@random-nz7dy why would I keep hundreds of thousands as an emergency fund. The way I see it having the normal 3-6 months cash and access to equity in a paid off house is just fine
Is it really free? Every bank usually charges a yearly fee to just have it open. Double check with your bank you may be paying that yearly fee.
Main sewer line to my house needed replacing within the first few months of buying a house. It was $8k, but thanks to a good ole fashioned emergency fund, I just wrote the check. It was annoying, but the annoyance wore off very quickly since I wasn't making payments.
Amen! Sorry this happened to you but glad you were smart about this.
That sucks 😕
@@alrbredwall Thank you! Yeah it was one of those unfortunate impossibilities for an inspector to catch.
8k lol what if you needed 100k? You got that in savings too?
@@KlayFennema How was it impossible for an inspector to catch?
Wait so I get to pay interest on my mortgage and once I have gained equity on my home and I can take it back out in a loan and pay a worse interest rate on it again? Where do I sign
Lol well put
That’s sounds like USURY
like compound interest is USURY!
Yes, "HELOC" is just a nice, sanitized, friendly term for a second mortgage.
It's kinda like calling a plane crash "An aerial vehicle ground incursion."
I have a HELOC, it's not a second mortgage, I have no mortgage.
It’s not a second mortgage
For those who don’t use it correctly.
This is partially correct. It is a second mortgage combined with a credit card. It's money borrowed against your home that you have to pay back with interest.
@@Nolaman70 In that case, the HELOC is the first mortgage.
We’re using our HELOC to consolidate debt and pay it off faster with a lower interest rate. The position we’re in now, we’re in about 20k debt including student loans, behind on bills and struggling to save…a HELOC is our way out from underneath it all. The payment for the HELOC is about 1/8 of what we pay individually on our debts each month…
I’m right about there to do that also!
Can't snowball with 1 payment. That's the downside. Hope you aren't making minimum payments.
Yeah. I mean I don't know your exact situation. But... Dave is adamantly against all debt to the point of being irrational.
The problem with what you've said is you've only talked about the payment. What matters is the time to debt free and the total amount to debt freedom.
The advantage of the snowball method is you start to get more free flowing money. Yes, your still using it on the debt, but if an emergency happens you can pay the minimums instead and handle the emergency out of pocket likely. Whereas your 1 heloc is there until you pay it off.
However yes... if you consolidated high interest debt like credit cards you might pay less overall. But again.. that period of time of becoming debt free is longer. You not really seeing that progress. Instead it all concludes at the end.
@@pdxmusl1510 Interesting point about Dave being "adamantly against all debt to the point of being irrational." I'm not going to comment whether he is or isn't, but I bought my first house 20 years ago and while saving up for the down payment I told a friend of mine who was like, "What are you waiting for???? Why are you still renting??" and I said I wanted a large enough down payment to have a manageable monthly mortgage payment. When I said I wanted a 15-year fixed rate mortage and how ideally, I'd even wait till I could simply buy the house outright with cash he went totally of on me: "That's RIDICULOUS!!!! The bank is there to help you buy what you can't afford!!!!" I guess I was pretty biased, having had listened to Dave's radio show 4 hours a day, 5 times a week for 3 years at that point ...
@@pdxmusl1510I feel like I don’t agree with that 100%. Say you racked up debt on multiple cards and the interest rate is 24% per card. The minimums added up are stretching you thin… a personal loan is. 10% over 5 yrs and if emergencies for the house or car pop up in that time, what do you do? That can snowball. What’s a better idea then?
You are putting your house on the line. That's where we need to draw a line and Not take one out! Thanks for the information.
Look up velocity banking and stop listening to boomers. They live like the poor. The rich live on debt... almost 100%.
I personally think, HELOC especially if used and utilized correctly can be to your advantage, my parents for example, when building our home used all HELOC to build our home. All in all. Put in about million towards the home and now it’s assessed at 3 million, with the basement suites rented out. Another example is, they bought a rental and they were short on the down payment so they used 70k out of a heloc to get the down payment. Purchase price for that property was 800. Now also assessed at 1.4. I think HELOC for the majority of people is horrible. This is also when interest rates were really low and they locked it in. They only pay 1.75% for their heloc. And they paid down most of it, as they always put more than the monthly amount as they want to aggressively pay it off.
I like Jade - you both work well together and have chemistry… keep it up.
She’s my least favorite
She's nervous and no there's no chemistry she has a different personality. Everything seems forced from her end
Listen to laugh, it's sooo fake
She's my favorite of the personalities
My least favorite
A HELOC can work if you know exactly what you're doing.
In the process of getting a HELOC. Thanks for the insight however. Loans = keep you in debt forever. This is what the banks want. Heloc isn't for everyone, but it can work and is far better to get this 'mortgage' then a loan.
I have two home equity loans at 5.9% that are FIXED for 10 years
Are you boasting your debt?
Mine is fixed as well.
A HELOC I never used with a bank that no longer exists (GMAC) on a house that has been paid off for years had a lien on my home I only found out about when I tried to sell. I had to put up over $90k in escrow to cover a non loan to close the sale and then wait until this mess got sorted out.
Using a HELOC badly is using your home's equity AGAINST you.
401k is better there's what's called a "hardship withdrawal."
I used a heloc in a crisis of loosing a job and paid interest only instead of principal and interest and I got thru the crisis. He’s wrong
Its not leveraged. It's a stupid loan. I'll never use it because I have an emergency fund.
Well said😁
Dave reminds me of my stubborn old parents. He knows of only one way to do things and then thinks there's absolutely no other way to be creative. He probably still writes out a check at the grocery store because it's the only method he knows that works. Iv seen a lot of people jump start their real estate empire or business with a heloc and became multi millionaires. He's the definition of closed minded and unable to think outside of the box. I bet he doesn't practice most of the stuff he teaches. But teaches what sells.
Dave is still in the 60s
No one agrees with you, they just don't want to waste the keystrokes to tell you. For every instance you could think of where someone was lucky enough to flip heloc loan into millions of dollars There are 1000's others who went bankrupt, lost the house, lost a job, foreclosed and led to bankruptcy. You don't know everything, listen up Dave is very wealthy and practices the participles he teaches. You are not that. stop giving advice I'm calling BS on what you said also. "Iv seen a lot of people jump start their real estate empire or business with a heloc and became multi millionaires"
@@stldweller lol
@@stldwelleryep. Agree. I'm not saying there's only one way. But until "random internet guy" shows us his net worth, he's just another idiot talking BS....
Actually dave does follow his own advice except one point. He won't yell at you for getting a home loan. But he didn't get one for himself. He outright refuses any debt. It's at the core of his philosophy.
Well, glad to see Howard Stern paved the way for Dave’s approach 😢
Whatttt is the matter with you Ramzy ,you profess to be a born again man...but you keep using the Lords name in vain...saying oh my ...
Sad ....
Two of my friends have used this. I am not sure if this benefited them. I am curious to ask, but don’t want to ask about money.
It depends on how you ask them about it. You could just ask I know you got a HELOC and was wondering if you thought it was a good idea. Maybe tell them a little bit about what you were thinking on it.
Her confidence is refreshing compared to everybody else other than Rachel walking around on egg shells around dave
Just sounds like another "yes man" that parrots him anyway. Might as well just have Dave by himself.
She doesn’t parrot him at all. She has her own thoughts and ideas. Why be so rude
Agreed, poor Christine gets lost with him. Half the time I don't know she's there till I can see her.
I’d love to see any of you give it a try so we can critique you
They most likely refinanced in 2021 not a heloc
I wish I knew about the heloc many years ago. I didn't do I took out a home equity loan to do the necessary kitchen repairs. Then I lost my job right after.
Accelerated mortgage
I agree with everything except 1 thing. Show me an insurance company that would actually help you when you have storm damage because they dont exist.
They take forever. They evaluate every angle and clause in there contract to weasel out of payment. Theres an entire industry of lawyers that continually sue insurance companies so they will pay what is due. Honestly its so bad i kinda wish the insurance industry just didn't exits.
I have never personally met anyone where an insurance company actually helped them in there time of need. Although i know there out there and probably will reply to this comment. But imo.. even though i pay it. And im in no way telling or advocating anyone cancel any insurance the have. I just think insurance is the biggest absolute worse use of money. Period. Even worse than loans you always freak out about. At least when you pay interest you get something out of it. And yes.. in a true emergency you might be glad you had insurance. If they bother helping you.
Last year i had storm damage at my house. I had luckily before and after shots. Our storm made national news. Etc. There was no reasonable way anyone would look at my house and not conclude it was storm damage. And yep. Insurance denied the claim. I actually would have used one of those lawyers but its just not enough to bother. It wasnt a high dollar repair. Emergency fund to the rescue.
Dave talking out of his anus. Insurance companies will be there and start writing checks in 36 minutes? I lived though Hurricane Ian and it took me 17 MONTHS to get paid. My house had over 100k in storm damage.
I have 350k in equity in my home. I have an emergency fund. I only have 100k left on my mortgage to pay off. I have no car payments and no credit card debt. I have a HELOC with a 4.5% rate the first year and 1% over prime rate after the first year. My current HELOC balance is $0.
I disagree Dave. Not everyone with a HELOC is going to go more into debt.
Debt is your friend ….. NOT