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Posted on 6/10/15 at 10:44 am to anc
Not a bad idea at all!
Posted on 6/10/15 at 10:48 am to anc
That's actually pretty cool.
Posted on 6/10/15 at 10:50 am to flyAU
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Upvote. Finally showing them how to use the money the boosters are paying them.
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flyAU
I shite you not, this just came from an Auburn fan.
Posted on 6/10/15 at 10:51 am to LSUTigersVCURams
I've taken the Financial Peace University course thru our church and it's not bad at all. For college kids, it give them something to think about to leverage their earnings from the beginning and everyone knows the value of time in growing ones assets.
I always thought that many's peoples objections to Dave's philosophies were that they faith based.
I always thought that many's peoples objections to Dave's philosophies were that they faith based.
Posted on 6/10/15 at 10:54 am to Lonnie Utah
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I've taken the Financial Peace University course thru our church and it's not bad at all. For college kids, it give them something to think about to leverage their earnings from the beginning and everyone knows the value of time in growing ones assets.
I always thought that many's peoples objections to Dave's philosophies were that they faith based.
I took it after I graduated college. I think its helped a lot. I bought my most recent car with cash, don't have any debt outside of student loans, hardly ever eat out, don't waste money on worthless shite, don't use credit cards or anything. I save money and budget it down to the dollar every month.
It's going to be a while until I get out of baby step 2, but the general principles have helped tremendously.
Posted on 6/10/15 at 10:56 am to anc
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LINK
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“We want to make sure that they understand the basics of finance,” [AD Scott] Stricklin said. “Not that we’re going to tell them what to do with their money, but to make sure they understand how to open a checking account, set a budget and things of that nature.”
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Some number of athletes will get value out of this and will have better financial futures than they otherwise might have. I personally have one or two disagreements with what Ramsey teaches, but for the basics, it's fine. For as many financially savvy people there are out there looking to prey on the misinformed and uninformed, it's a shame that these kinds of skills aren't more widely taught and then studied to find out which education methods are the most effective.
In the event that a booster successfully transfers $160k-$180k to a player a la Cam, they can't just put all of that in one place... I'm assuming this course covers basic contributions to various investment vehicles, the contribution limits on those accounts, and what to do with the rest?
Posted on 6/10/15 at 11:03 am to anc
Honestly, should be required at every high school and college. The level of financial illiteracy in this country is astonishing. Especially from our bettors in the government.
Posted on 6/10/15 at 11:03 am to Robert Goulet
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Will the dawgs marginal propensity to consume be more since they're always finna eat?
Posted on 6/10/15 at 11:06 am to Lonnie Utah
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I always thought that many's peoples objections to Dave's philosophies were that they faith based.
I did for a while as well. The getting out of debt and budgeting stuff - that should be common sense. It is strange to me that he sells it en masse - but that's a testament on the general public, not him.
My only beef with him is that he completely disregards that if one is disciplined, that they can make debt a slave instead of a master. You can get a 2% or less loan on a car at virtually any credit union - and invest the money and make 8-12%, compounded on a $20,000 car vs. paying cash, you are paying $1,033 in interest vs. making $9,300 by investing the $20k with even an 8% return.
Posted on 6/10/15 at 11:10 am to anc
I have often said the Unions of sports should give these types of classes to potential incoming players. I like the idea of a college offering it as it is good to learn even if you aren't going pro.
Good for MSU.
Good for MSU.
Posted on 6/10/15 at 11:46 am to flyAU
Those downvoting my prior post obviously want to see them throw their money into Chargers, menswear and church renovations 
Posted on 6/10/15 at 11:53 am to anc
Posted on 6/10/15 at 11:57 am to anc
People in Mississippi have money?
Learn something new everyday.
Learn something new everyday.
Posted on 6/10/15 at 11:58 am to anc
My wife and I went through Financial Peace University and The Legacy Journey a few years back. Last week we started the loan application process for buying a new house (we currently have zero debt besides mortgage). The finance officer said that only .25% (yes...1 quarter of 1%) of Americans have a credit score above 805.
While Dave says that credit score doesn't matter...it was still nice to know that the process works not only on debt, but on credit as well.
While Dave says that credit score doesn't matter...it was still nice to know that the process works not only on debt, but on credit as well.
Posted on 6/10/15 at 11:59 am to Lonnie Utah
If nothing else it is a good opportunity to have a discussion with people who have made the realization that you don't have to spend a bunch of money that you don't have in order to be happy - in fact, it generally leads to soul crushing debt.
Ramsey's course helped me get my wife on board. He is so much more persuasive than I am.
Ramsey's course helped me get my wife on board. He is so much more persuasive than I am.
Posted on 6/10/15 at 11:59 am to Broke
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I shite you not, this just came from an Auburn fan.
I don't think I believe that you aren't shitting me.
Posted on 6/10/15 at 12:02 pm to anc
Basic money management can be taught by current staff at any university. Why would you pay the "franchise feee" to Dave Ramsey for this knowledge? Good move by State to educate the athletes but bad news to go "out of house" to accomplish it.
Posted on 6/10/15 at 12:12 pm to anc
Posted on 6/10/15 at 12:23 pm to Cheese Grits
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Basic money management can be taught by current staff at any university. Why would you pay the "franchise feee" to Dave Ramsey for this knowledge? Good move by State to educate the athletes but bad news to go "out of house" to accomplish it.
Publicity.
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