Dave Says: Don’t Play The Game

Dear Dave,

How do you feel about timeshares, and the free trips and dinners they offer as part of their sales pitches? Is it possible to win with these things?

Dan

 

Dear Dan,

In my opinion, timeshares are a complete waste of time and money. Lots of folks go into this kind of thing believing they’ll play the game and win. They think they’ll get a vacation weekend and other free stuff, then just say “no” when the time comes. The problem is, most people aren’t as tough a sell as they think. Besides, do you really want to waste a weekend of your life letting some pushy salesperson twist your arm? That’s not my idea of fun.

As a whole, timeshares have an incredibly high dissatisfaction rate. It’s almost impossible to find anyone who’s happy they bought into one, and there are good reasons for this. Why would you pay thousands of your hard-earned dollars for a tiny place you may or may not get a chance to visit once a year? Add to this the fact that you have no equity in the place, andyou’re stuck paying ongoing maintenance fees.

My advice? Don’t take a chance playing the game, Dan. There are much better uses for your time and money!

—Dave

* Dave Ramsey is CEO of Ramsey Solutions. He has authored seven best-selling books, including The Total Money MakeoverThe Dave Ramsey Show is heard by more than 14 million listeners each week on 600 radio stations and multiple digital platforms. Follow Dave on the web at daveramsey.com and on Twitter at @DaveRamsey.

Blogs

How to Stay Motivated in 2019 

How to Stay Motivated in 2019 

By the middle of February 80 percent of people give up on their New Year’s resolutions–here are 3 tips to keep you on track!

Dave Says: Insurance and Savings

Dave Says: Insurance and Savings

Dear Dave, I just realized our insurance has a health savings account (HSA) option. We’ve considered dropping this insurance soon and going to a cheaper Christian medical sharing program. We’ve got about $19,000 in debt between credit cards and a car payment, and we’re on Baby Step 2 of your plan. Our thought was to…

Dave Says: A Teachable Moment

Dave Says: A Teachable Moment

Dear Dave, My mom is single, and she co-signed on my student loans for college. Would it affect her credit if I couldn’t or didn’t make the payments? Terri   Dear Terri, Yes, it would. The truth is, your mom shouldn’t have co-signed for you in the first place. There’s only one reason lenders want…

Take Your Side Hustle Full Time This Year

Take Your Side Hustle Full Time This Year

Follow These 5 Steps to Take Your Side Hustle Full Time This Year By Christy Wright   Is your side hustle starting to feel like a second full-time job? Or maybe you’re a stay-at-home mom whose home-based business is taking off, and you want to dedicate more time to it. You’re not alone. According to a…