The Ramsey Show Highlights Paying Off My House "Didn't Work"
Mar 27, 2025
Exploring the journey of homeownership, the discussion highlights the dangers of falling back into debt after paying off a house. The importance of a debt-free lifestyle and choosing cash over loans is emphasized. Personal stories add depth to the conversation about managing credit scores once you've achieved debt freedom. Practical tips, including freezing your credit to avoid identity theft, keep the dialogue engaging and relevant.
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Stay Out of Debt
- Avoid going back into debt after becoming debt-free.
- Pay cash for purchases or don't buy them, rejecting advice from bankers promoting debt.
Check Credit Report
- Monitor your credit report after paying off debt.
- Ensure that your credit score rolls to zero, indicating complete debt freedom.
Close and Freeze Credit
- Close all accounts and report closures to credit bureaus for a zero score.
- Freeze your credit to prevent fraud, especially if you're not actively monitoring it.