The radio announcer tells the listener that she will not love him.
Personal finance personality Dave Ramsey has expressed some strong opinions about whether or not to buy a home in a given situation.
In this situation, a parent tried to figure out the best way to help her son.
Don’t Miss: Dave Ramsey has sharp advice on buying a car the smart way
A woman named Deborah called in to ask Ramsey about his country radio programme About helping her son get into a single family home.
Ramsey asked her why her son needed her help.
“He doesn’t qualify for a significant portion of the mortgage,” said Deborah. “He is currently renting a house with his roommate. My son recently got engaged again. His fiancée would like to live together.”
She added, “Unfortunately, I finished in New Jersey, and the rents here are insane.” “And they would never advance if they had to hire.”
Ramsay wasted no time getting his point across.
He said, “Deborah, you won’t love me.” “You don’t need to do that. Because you’re not helping him. You’re enabling him. He doesn’t have enough shit to go home.”
He continued, “You will bring him into a house and that will be a curse rather than a blessing, because he did not get his foolishness together to get into a house.” “Well, he’s broke. The reason they don’t give him a loan is because they know he won’t pay the bill. Then you bring him home and he doesn’t pay the bill. Why? Because? He can’t pay the bill.”
“Well, I look at it as giving him part of his inheritance now,” said Deborah, explaining her reasons.
Give him a house for free? Ramsey replied. “You’re going to sign him up for something he can’t do. That’s no blessing, Deborah.”
Deborah offered an alternative solution.
“What if you buy the house and rent it from me?” Deborah asked.
Then Ramsey got really outspoken.
“How about your eldest son become a man?” He answered with a question of his own.
The full video has been posted on Youtube.
Ramsey then explained more about what he meant.
He said, “He needs to be on his own. He needs to stand up.” “He’s going to marry this girl. They should stay and live a life instead of having a mother take care of him. Really, it’s not good for him, Deborah. It’s not good for him.”
“I know you are the sweetest lady on the planet,” Ramsey added. “I get along with you, but you’re just trying to be useful to your little boy. But I gotta tell you, one of the things I had to do with my wife when we were raising a son was to let him be a man. Young men should have dignity.”
Ramsey offered some words for parents in general.
“Moms and Dads,” he said, “love your children enough to let them do the difficult thing called life.” “As I told you. Deborah. I told you in the introduction that you wouldn’t love me.”
That’s when the radio host made a prediction about the most likely outcome of their conversation.
“And you won’t,” he said. “You’re going to go out there and get involved and mess it up because you’re not going to listen to a thing I said. But the deal is moms and dads, if you let your kids find their way, coach them, cheer them up. If they’re in a really tough spot, make sure you provide a safety net but don’t get involved.” .
Ramsey had some final words, in general, about millennials and how he thinks parents can better help their kids.
We are now seeing data that 25% of millennials – their parents pay for housing in one way or another. Let me just tell you, moms and dads. not good. Not good for your millennial child.
They are better off facing some screws, some stress, some tough times, and making some tough choices. Stand up and square their shoulders and be a man and be a woman. instead of a child.
It’s not good for them. They are not good for themselves. They are not good for their husbands. They are not good for their employers. Because mom and dad swoop in and take care of everything. Bad plan, America. Bad plan.
Get exclusive access to proven portfolio managers and investment strategies with Real Money Pro. let’s start.