David Bach, a personal finance expert sits down with AP Personal Finance Editor Trevor Delaney to discuss his new book, ""Fight for Your Money". (March. 6)
Bach is another sell-out...will say anything to sell books. I don't trust any of the money "gurus". Very few people actually "Own" anything in America...everything is just financed...which just helps the banks, car manufacturers/sellers, homebuilders, etc. If one is lucky...they will break even with a home "purchase" by the end of their lives.
I don't agree with this. If you buy a home right, in the long run your net worth will be more then a person who rents. When you rent you make someone else rich. I bought my house 16 years ago for $135,000 and today (even in this market) it is worth $350,000. I do agree with you on one point, if you invest your money instead of paying a mortgage you can do just as well, but in the real world most people won't do that.
Not really a get rich quick kind of book. Its changing the way you think about money for long term. Nothing about getting rich quick in the books David writes.
I won't buy home, I'm happy with rent, cheaper, utilities paid, someone else do the fixing. Why buy a home, pay more a month in mortgage, add taxes, insurance, utilities, water, garbage, water softener, fixing, mow the lawn..etc then at the end in financial crisis the bank takes it back?? Why should I buy a home only to be worth half of what I paid for it later?
I love renting. The money you call investment in a home better go in a savings account. I don't know why people don't get it.
Bach is another sell-out...will say anything to sell books. I don't trust any of the money "gurus". Very few people actually "Own" anything in America...everything is just financed...which just helps the banks, car manufacturers/sellers, homebuilders, etc. If one is lucky...they will break even with a home "purchase" by the end of their lives.
saintgauden 1 year ago
I don't agree with this. If you buy a home right, in the long run your net worth will be more then a person who rents. When you rent you make someone else rich. I bought my house 16 years ago for $135,000 and today (even in this market) it is worth $350,000. I do agree with you on one point, if you invest your money instead of paying a mortgage you can do just as well, but in the real world most people won't do that.
stemikger 2 years ago
Not really a get rich quick kind of book. Its changing the way you think about money for long term. Nothing about getting rich quick in the books David writes.
billmac1378 2 years ago
This guy is ok, but dave ramsey is awesome.
truthforamerica 3 years ago
Banks were offering me credit to buy houses back in 2003, I refused to buy, damn glad I did.
mockingarab 3 years ago
I won't buy home, I'm happy with rent, cheaper, utilities paid, someone else do the fixing. Why buy a home, pay more a month in mortgage, add taxes, insurance, utilities, water, garbage, water softener, fixing, mow the lawn..etc then at the end in financial crisis the bank takes it back?? Why should I buy a home only to be worth half of what I paid for it later?
I love renting. The money you call investment in a home better go in a savings account. I don't know why people don't get it.
mockingarab 3 years ago
ha,a gay blackman that isnt hosting a sports show .just had to laugh at that .
global2012 3 years ago
booooo!!!
3dbeing 3 years ago
hehe you gotta love get rich quick books
Paxadzor 3 years ago