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Young workers are pushing back against Dave Ramsey's financial advice on TikTok. You’ll spend $22,995 over the course of 30 years,” Ramsey’s financial advice company, Ramsey Solutions, writes in a post on its website. But younger workers say buying a home in cash isn’t feasible when home prices are skyrocketing nationwide. AdvertisementYounger generations began questioning Ramsey’s advice on homebuying even before the anti-Ramsay rhetoric began trending on TikTok. Sarah Martinez Shaw, who grew up on Ramsey’s advice, told BI his tips left her in a tough spot .

Persons: Dave, —, Dave Ramsey, Gen Z, “, “ You’ll, You’ll, ”, ” Jarrod Benson, Ravin, Mercer, Gen, Ramsey, ” Josh Benson, Ramsay, Sarah Martinez Shaw, Ramsey “ Organizations: Service, Wall Street, Ramsey Solutions, Orlando, Business, America Locations: TikTok, ”, West, United States, Dallas

Due to the competitive real estate market, even in small-town Kansas, homes only stayed on the market for a matter of days at most. Our competition responded first, by keeping their offer as it was but waived their right to have the house inspected before closing. Perhaps for a moment we wondered if we should have also waived our inspection and saved that money. In fact, while we were buying our house, a relative was having a similar foundation problem repaired to the tune of $15,000. Check today's average mortgage rates and learn more about the amount of house you may be able to afford.

Persons: Kansas, Ian, didn't, We're Locations: Utah, Kansas

Ramsey's listeners call in and, after describing how they paid off their debt by following Ramsey's advice, scream, "WE'RE DEBT-FREE." With a non-existent credit score, I couldn't even get approved for a normal credit card. One family member mentioned that Ramsey's advice is to save longer and pay for a house in cash. Meanwhile, he stigmatizes legitimate paths forward, such as having a credit score built on years of responsible credit use. In my own journey to buy a home, I saw clearly that Ramsey's advice is not given with my circumstances — or my success — in mind.

We'll use our tax refund to pay off some debt and consider closing unneeded credit cards. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyAs a low-income family with multiple children, my husband Ian and I qualify for the child tax credit and earned income tax credit, and we usually have a sizable tax refund every year. From the end of the tax year until we file, typically in February, my husband and I are in an ongoing conversation about our tax refund and how we want to use it. Editor's Rating 4.2/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On TurboTax's website Learn more On Tax Slayer's website Learn more On H&R Block's website1. When we get our 2022 tax refund, the first thing we'll do is pay off our credit cards so we can start with a clean slate.

I choose to do it because I want to be home with my kids, but I'm sacrificing half my family's earning potential. What I've realized from listening to the parents who believe this stereotype, and examining my own motivations for being a stay-at-home parent, is that "affording it" means different things to different people. For some, affording it means that the working parent earns enough to fully and comfortably replace a second income. For me, and other low-income stay-at-home parents, affording to stay home means we have our needs met, but we live without that second income by consuming less and living in a low cost-of-living area. One thing from stay-at-home parent discourse is true: Unless you really are wealthy or privileged, most of us can't have it all.

☆ When I became a mom, I was shocked to find out people think staying at home is only for wealthy parents. That doesn't resemble my life at all.
▼ + stars: | 2022-10-13 | by ( Sarah Martinez Shaw | Read More | Read Less | ) www.businessinsider.com time to read: +6 min

I had no idea many millennials think of stay-at-home parenting as "privileged." My experience did not align at all with what I learned is the common narrative among millennial parents, that parents only stay home when they can "afford to." One thing from stay-at-home parent discourse is true: unless you really are wealthy or privileged, most of us can't have it all. I think a lot more parents would stay home if they felt it was possible or that the benefits outweighed the cost. Sure, I know a few parents who stay home because their spouse alone makes what my husband and I could make combined, or more.

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