'My FICO Score Is Zero,' Says Dave Ramsey. He 'Can't Rent An Apartment,' But Can Buy The Whole Apartment Complex

Core Insights - The article emphasizes that a high credit score does not equate to financial success, as it primarily reflects an individual's relationship with debt rather than their overall financial health [2][3]. Group 1: Credit Score Perspective - The FICO score is described as an "I love debt" score, indicating that it is not a true measure of financial well-being [2]. - Key components of the FICO score include: 35% based on payment history, 30% on debt level, 15% on length of time in debt, and the remainder on type and newness of debt [2]. Group 2: Millionaire Insights - A significant study revealed that none of the 10,167 millionaires attributed their wealth to airline miles, highlighting a disconnect between common financial myths and reality [4]. - Among millionaires, 82% reported never having taken out a car loan or lease, with many of the remaining 18% considering it a major financial mistake [4]. Group 3: Financial Behavior - The article suggests that to achieve millionaire status, individuals should adopt behaviors typical of millionaires, rather than relying on credit or debt [5].