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Dave Ramsey Gives Bad Investment Advice

Posted on 11/6/20 at 4:52 pm
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
132208 posts
Posted on 11/6/20 at 4:52 pm
And is a fan of Tennessee.

Posted by Dawgsontop34
Member since Jun 2014
42466 posts
Posted on 11/6/20 at 4:53 pm to
Both these things are true.

If you’re in debt, and struggle with spending too much, he’s not the worst. But he’s also not good
This post was edited on 11/6/20 at 4:53 pm
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
132208 posts
Posted on 11/6/20 at 4:54 pm to
He gives advice on how to get a 0 credit score. Smh.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
118893 posts
Posted on 11/6/20 at 5:02 pm to
His advice is perfect for 90% of the people.


But his choice of school is yeesh.
Posted by narddogg81
Vancouver
Member since Jan 2012
19669 posts
Posted on 11/6/20 at 5:08 pm to
Its not a bad way to get out of debt, but that's about it. There are better ways but his method is simple enough for non-financially savvy people to follow
Posted by 18mph
Corinth, MS
Member since Apr 2014
275 posts
Posted on 11/6/20 at 5:14 pm to
All of his insurance advice is wrong. That’s why he has a disclaimer about his insurance advice because he basically states what his insurance company sponsors tell him to say. He speaks highly for products they sell any speaks against the products that they don’t.
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
132208 posts
Posted on 11/6/20 at 5:23 pm to
Only thing I agree with is his baby steps.
Posted by OrangeEmpire
Parts Unknown
Member since Feb 2020
6179 posts
Posted on 11/6/20 at 5:30 pm to
You wanna know how awful 2020 is?

shite talking is about weight, Bill Dance and Dave Ramsey.


Posted by Auburn80
Backwater, TN
Member since Nov 2017
7482 posts
Posted on 11/6/20 at 5:43 pm to
Are you a whole life insurance salesman?
Posted by Henry Jones Jr
Member since Jun 2011
68437 posts
Posted on 11/6/20 at 5:44 pm to
He gives good advice on how to get out of debt and set a budget.

He knows frick all about life insurance. He says not to buy permanent insurance but the hypocrite has multiple policies himself.
This post was edited on 11/6/20 at 5:45 pm
Posted by BhamDore
Nashville
Member since Aug 2009
6283 posts
Posted on 11/6/20 at 6:14 pm to
Its hilarious watching people defend his advice as well. Its cult like.


Posted by DawgsLife
Member since Jun 2013
58902 posts
Posted on 11/6/20 at 6:21 pm to
quote:

He says not to buy permanent insurance but the hypocrite has multiple policies himself.




I believe his advice is to buy insurance until you retire, because insurance should not be used to build wealth, it is to replace income in case of death. I actually don't see anything wrong with that.
Posted by DawgsLife
Member since Jun 2013
58902 posts
Posted on 11/6/20 at 6:22 pm to
quote:

Its hilarious watching people defend his advice as well. Its cult like.


Isn't that like saying that if people agree on any subject then it is cult like?
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
63853 posts
Posted on 11/6/20 at 6:29 pm to
For wealthy people who need tax shelters above and beyond what they've exhausted, whole life or annuities are a viable option.

98% of people get jipped in whole life policies and annuities.
Posted by BamaWins15
Member since Sep 2015
4612 posts
Posted on 11/6/20 at 6:33 pm to
He has helped millions of Americans get out of debt. What have y’all done beside sitting in your mom’s basement typing on a computer?
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
63853 posts
Posted on 11/6/20 at 6:34 pm to
I didn't say anything bad about Ramsey, why you respond to me?
Posted by BamaWins15
Member since Sep 2015
4612 posts
Posted on 11/6/20 at 6:36 pm to
Read it again - I said “y’all”.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
118893 posts
Posted on 11/6/20 at 6:52 pm to
quote:

You wanna know how awful 2020 is?

shite talking is about weight, Bill Dance and Dave Ramsey.

Posted by DawgsLife
Member since Jun 2013
58902 posts
Posted on 11/6/20 at 6:59 pm to
quote:

He has helped millions of Americans get out of debt. What have y’all done beside sitting in your mom’s basement typing on a computer?




Oh. So now we have to agree?
Posted by hawgfaninc
https://youtu.be/torc9P4-k5A
Member since Nov 2011
46318 posts
Posted on 11/6/20 at 7:31 pm to
His advice is good for some people, the same as all advice.

All advice is bad advice, unless it helps you on your journey.
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