Ramsey Fan and Credit Cards

[Chris Virgilio]

Hello everyone, My wife and I are looks to get in to real estate investment within the next year or so. To date we have been Dave Ramsey fans and are totally debt free as of about two weeks ago. Yay! Now we are saving up an emergency fund and should have that finished up by the summer. As I've been learning and researching, reading the forums, attending BP webinars, listening to the podcast, etc, I get the overwhelming impression that investing with an all cash strategy isn't popular, and I have seen the math worked out in several threads. I understand the logic. We are aware of the popularity of leverage in investment, and are trying to decide if we will be able to come to grips with it enough to allow our potential business to utilize it. It's a scary thought for us right now as we are just freshly debt free. As a result, we currently have zero credit cards. My biggest question is this: should we consider getting a credit card in order to keep our existing credit (which is actually quite good) growing in hopes that it will help us find decent loans in the future, or is it something that isn't necessary? I want to get the communities thoughts before pulling the trigger on another debt product. Please be thoughtful in helping us make this decision, as it's not an easy one for us. The reluctance is indescribable.