Stop congratulating financially inept couples on loans/FHA’s/VA’s

[Dabrielle Stevens]

I understand that most folks on this forum may share my opinion but I just need a safe place to vent....

I am so sick of people (mostly my millennial generation because we're obsessed with online comparisons) posting about their new house on Facebook and being congratulated for it when 1. These people don't even know what a budget looks like 2. They're up to their eyelids in car payments and credit cards 3. Didn't buy a home in an appreciating area 4. Bought a home for the wrong reasons etc... A little background on me, I teach a financial peace University class (Dave Ramsey) And I have never owned a credit card or a car payment and I'll be damned if I ever do an FHA or VA loan for a house (I would do 20% down on a 15 yr fixed rate mortgage as Dave recommends if I did a mortgage and didn't buy the property through broker/wholesale). I worked for a Dave Ramsey financial planning firm as a CSR and would make small talk with in-house prospects/clients (tax clients investment clients and insurance clients) in our lobby. I am very social bull and can usually turn the Smalltalk into deeper discussion. Time and time again these folks would tell me to not make their mistakes.

I am so sick of people putting what I do in negative light. I help people find equity in the house that otherwise would go into foreclosure or be ignored. I stopped working at the Ramsey Endorsed firm because I wanted to be my own boss and I was tired of making commission for someone else. I left the job with PTO and a matching 401(k) to go hourly on a 1099 and work as a contractor basically pushing papers and finding off market leads for this single franchise. I did this because I really believe in the company and as far as I can tell I’m in the right place to 1. Get a hands on education in Real estate without going full commission 2. To help people understand their finances 3. To help clients by cross selling solid inv/insurance products, that is if I complete the education and have time in the future. I want to earn my series 6 and life and health license to achieve this dream of mine. It’s a lot but I know I can make a difference for the broke college kid, the single mom with two jobs, the widow, the couple with the new baby...

I am so sick of people continuing to idolize these “accomplishments “. I’m so sick of young people trying to keep up and therefore making the same mistakes. I’m so sick of people my age posting their new car payment for their new mortgage loan online expecting it to be positive be celebrated because they are leasing/borrowing to “own” what they flaunt.

I am so sick of people calling my business robbery when they immediately benefit from our business in a way that otherwise wouldn’t exist.

A lot of times these people are not victims of their circumstances and instead got in over their head by keeping up with the Jone’s. They bought too much house and didn’t treat the home like an investment and procrastinated on repairs and then finally find themselves in the Mother of all Financial Messes.

And finally, I’m sick of realtors pushing people into homes they can’t afford because “it’s their dream house” (even Dave Ramsey endorsed realtors).

One day, I’ll take the jump and own a franchise but until then I’ll continue to work as a coordinator/buyer and learn under my mentor who knows more than any realtor or financial planner when it comes to tying up loose ends on a bad real estate investment.

Just annoyed. Thanks for reading.