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re: Mississippi State to Require Personal Finance/Dave Ramsey of all athletes
Posted on 6/10/15 at 10:51 am to LSUTigersVCURams
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.
3
Posted on 6/10/15 at 10:54 am to Lonnie Utah
quote:
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 11:06 am to Lonnie Utah
quote:
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 11:59 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.
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