Real estate agent Cecelia called into “The Ramsey Show” asking about using home equity lines of credit to buy investment properties. Dave Ramsey warned against it, recalling his own experience of bankruptcy due to excessive leverage. Ramsey emphasized the dangers of quick-rich schemes in real estate. TikTok was blamed for influencing Cecelia’s strategy.

Ramsey’s cautionary tale continued with a reminder of the pitfalls of leveraging in real estate. He recounted his own bankruptcy after following get-rich-quick advice in the 1980s. Ramsey stressed the importance of avoiding debt and shared his journey of rebuilding his real estate portfolio with cash, ultimately owning $500 million in real estate.

Cecelia, financially stable and debt-free, sought advice on changing real estate landscape. Ramsey advised against leveraging and stressed the importance of avoiding debt in real estate investments. He highlighted the risks associated with borrowing to invest, citing his own bankruptcy experience and the failures of others who followed similar strategies. 1. The unemployment rate in the United States has reached a record low of 3.5% in November, the lowest it has been in 50 years. This decrease is attributed to strong job growth in sectors such as healthcare, professional services, and manufacturing.

2. The stock market saw a significant increase today, with the Dow Jones Industrial Average reaching a new all-time high of 28,000 points. This surge is fueled by optimism surrounding a potential trade deal between the US and China, as well as positive economic indicators.

3. A new study has found that regular exercise can reduce the risk of developing Alzheimer’s disease by up to 50%. Researchers observed over 1,600 participants over a 6-year period and found that those who engaged in physical activity were less likely to experience cognitive decline.

4. The latest data from the CDC shows that the flu season is off to an early start, with widespread flu activity reported in multiple states. Experts are urging people to get vaccinated and take proper precautions to prevent the spread of the virus, especially during the holiday season.

Read more at Yahoo Finance: You’ve Been On TikTok, Haven’t You?