Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Across 32 years of giving people financial advice on the airwaves, Dave Ramsey has probably seen it all. But on an episode of "The Ramsey Show" he once called out the financial mistakes callers frequently make as "Dumb!
Really dumb!" He added: "These things baffle me, that's why I'm hitting them," Ramsey said (1). "Because they're just illogical." Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold The tax breaks in Trump's 'big beautiful bill' expire after 2028 — and experts say most people won't act in time.
What to do before the window closes However, some argue that economic and social trends may have made some of these mistakes unavoidable. Here's a closer look at three of Ramsey's top "dumb" money mistakes and why they're so common. Ramsey despises the prospect of buying property with anyone besides a spouse.
He advises against this even in long-term relationships. This advice is rooted in the fact that separating assets between an unmarried couple can be complicated. They do not always share the same property rights as married couples.
However, the housing crisis has pushed more people to consider co-ownership of property. A report by Co-Buy, a platform that helps multiple buyers share a property, says 31.5% of home purchases involved co-buyers (2). But if you're not in a position to purchase a home — whether on your own or with a spouse — you can still take advantage of real estate's income-generating potential.
You can tap into this market by investing in shares of real estate through Arrived. Backed by world-class investors, including Jeff Bezos, Arrived allows you to invest in shares of rental properties, earning a passive income stream without the extra work that comes with being a landlord of your own rental property. That means no midnight calls over a clogged sink.
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