Good Debt or Bad Debt | Stewardship - Money Well Rooted
You've probably heard that debt is dumb. Dave Ramsey shouts it every day. You've probably heard that debt is lethal to your financial plan. But what if I told you that not all debt is created equally? In today's video, Grant explains the factors that can help you decide how to approach taking on debt and what kinds of questions you should ask yourself based on your personal situation. Personal finance should be personal.
Today we're talking FHA vs. Conventional Home Loans. You may have heard from some financial personalities that FHA is never a good idea? Watch this video before you get a mortgage Grant compares the government-backed FHA home loan with the more traditional conventional home loan. There are lots of factors to consider to determine if FHA is bad. You need to look at PMI (or Private Mortgage Insurance), down payment amounts, interest rates, closing costs, and credit scores. Mortgages can be pretty complex, but if you equip yourself with solid information, you are empowered to make the RIGHT CHOICE for your situation.
Is Dave wrong? Well, that depends. Personal finances are personal, so educate yourself and think through your personal situation.
A great way to educate yourself is to subscribe to our channel: https://www.youtube.com/user/StewardshipGroup?sub_confirmation=1
Here is another video on the topic: https://www.youtube.com/watch?v=un3skBX50Zo
Check out our mortgage playlist here: https://www.youtube.com/playlist?list=PLyUO1u7sEjFLwVfUvRnedQf2pDB493jtU
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https://www.youtube.com/watch?v=JJIFv6boNxc
Kids are smart! But we want to find out what the kids of Stewardship's financial experts know about money. Today Grant interviews Carson, Cambria, and Ivy about what they know about finance and at the end of the video, the kids give advice to parents on what they should be teaching THEIR kids.
If you are looking for resources on how to teach your teen about money, follow us on Instagram for an upcoming announcement!
Subscribe to All Sports By Cristian, Parker, & Carson here!
https://www.youtube.com/channel/UC2Vwl2PFZGEQH4yPe60e3QA
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https://www.youtube.com/watch?v=AsmyeISq4_k
Conventional, FHA, VA, USDA - Acronyms abound in the mortgage industry. For many, it is a confusing process. You probably want to keep it simple and just ask, "Which type of loan is best?"
Click here for a full playlist of our One Minute Money Tip #shorts: https://youtube.com/playlist?list=PLyUO1u7sEjFJgCqn5YwBDPpSMupq3yxOs
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https://www.youtube.com/watch?v=0L64JjsrVNI
It is a sad reality, but it is all too common to hear these stories.
Check our Grant Botma's video to learn what he is referring to.
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https://www.youtube.com/watch?v=14OS2OSmu8I
When should you start taking social security?
Many people consider this question as they age or start considering retirement.
Grant dispels some myths about when you should begin taking your social security income benefit and explains some things to consider when making this important decision.
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https://www.youtube.com/watch?v=t7rc7wwW2fU
Having a higher credit score can mean better interest rates when you go to borrow money. While getting that score up can be significant, it's important to remember that a lot more goes into the terms of a loan. But if you are looking to increase your credit score, here are three important things to keep in mind.
To learn more about this subject, check out our blog here: https://stewardship.pro/2023/11/08/three-ways-to-steward-your-credit-score/
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#OneMinuteMoneyTip #shorts
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https://www.youtube.com/watch?v=n3FN4y3OQYQ
When considering buying a home, it might be helpful to look at ALL of your assets as potential sources of funds for a down payment on a house. But is it wise to take a large portion of your 401k or other retirement savings to put into the housing market? This is an important question to ask.
Today's Money Tip answers the question simply, but also offers some insight into how you can make the best decision for your personal situation.
To learn more about non-qualified investing, check out this other video: https://youtu.be/H-oMwgP8J9E?si=ICa2FC6iheuM97JM
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#homeloan #retirement #downpayment #realestate
#OneMinuteMoneyTip #shorts
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https://www.youtube.com/watch?v=vwN79j6W5pA
Nobody likes spam...
Have you ever noticed an uptick in spam calls and emails and even more junk mail when you've recently applied for a mortgage or a car loan, or had your credit pulled? This money tip is all about that.
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#OneMinuteMoneyTip #shorts #spamcalls
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https://www.youtube.com/watch?v=OPYOv6mhL5g