Started By
Message
re: Dave Ramsey Gives Bad Investment Advice
Posted on 11/6/20 at 8:12 pm to Henry Jones Jr
Posted on 11/6/20 at 8:12 pm to Henry Jones Jr
If you buy anything other than term life insurance you are not very good at math. You make way more in an index fund than on a cash insurance policy over 20 years.
And I love how all the people paying 15% on $20,000 in credit card debt think Dave Ramsey gives bad advice. Enjoy your trailer.
And I love how all the people paying 15% on $20,000 in credit card debt think Dave Ramsey gives bad advice. Enjoy your trailer.
This post was edited on 11/6/20 at 10:32 pm
0
Posted on 11/6/20 at 8:27 pm to BhamDore
I haven’t listened to him in years, but if he’s still doling out financial advice on the radio, then he’s still shitting on Rule 2090. Some of us take KYC seriously. It’s essential. I’ve never understood how these people get away with it.
Posted on 11/6/20 at 8:59 pm to OrangeEmpire
quote:
You wanna know how awful 2020 is?
shite talking is about weight, Bill Dance and Dave Ramsey.
I laughed
Posted on 11/6/20 at 10:34 pm to BhamDore
His baby step plan and budget stuff helped us get financially independent for the first time in our marriage. We weren't in huge debt, but were terrible money managers and it helped give us focus.
We aren't following it now but it really helped us at the time.
We aren't following it now but it really helped us at the time.
Posted on 11/7/20 at 8:10 am to pioneerbasketball
quote:
He gives advice on how to get a 0 credit score. Smh.
Right, because most people don’t build wealth by going in debt. Don’t believe me? Look at the number of people living paycheck to paycheck. Roughly 75 to 78 percent.
Don’t get me started on what the average household carries for credit card debt while driving around in a $40K plus vehicle.
So, if he is speaking to the masses, and he is, having a zero credit score would actually benefit these people.
Posted on 11/7/20 at 8:38 am to Will Cover
quote:
So, if he is speaking to the masses, and he is, having a zero credit score would actually benefit these people.
Exactly. And if you pay cash you really don't need a credit score anyway. There are ways a bank can determine a house loan besides credit scores.
Personally I would rather have a zero credit score and be out of debt, than to have an 800+ (Which I do have) and be drowning in debt or even hurting a bit.
Where I break with Ramsey is we do use credit cards, but we make sure we have to money to pay them off every month. We pay cash for our cars and pretty much go down the line with most of his advice. I don't know why people believe that being in debt is a good thing.
Posted on 11/7/20 at 8:52 am to pioneerbasketball
Dave Ramsey's advice is great for 80% of this country. You can't ask for better than that.
Posted on 11/7/20 at 8:54 am to pioneerbasketball
He gives sound advice. I've seen it work, and personally, I'm just like him so I never needed his advice. Americans are so stupid, we need people like him on the radiowaves.
Posted on 11/7/20 at 9:00 am to DawgsLife
quote:
Where I break with Ramsey is we do use credit cards, but we make sure we have to money to pay them off every month.
Same. I will actually pay whatever charges I have on current statement within a couple days of purchasing.
I take advantage of rewards points and/or cash. I realize I'm not going to get rich from these, but if you're responsible, i.e. don't overspend because it is a credit card, take advantage of the offering. Plus, I have a credit card that still offers extended warranty protection (but unfortunately did away with price match).
Posted on 11/7/20 at 9:08 am to pioneerbasketball
quote:
And is a fan of Tennessee.
You do know the difference between a "fan" and an "alumnus". ..right?
Posted on 11/7/20 at 9:15 am to Dawgsontop34
All y’all know it all’s, how many people have you helped financially? What is your net worth? Y’all lease cars don’t you. Lol bunch of fricking losers in this thread.
Posted on 11/7/20 at 9:18 am to pioneerbasketball
Upvoted.
Posted on 11/7/20 at 10:23 am to kywildcatfanone
quote:I listened to him years ago when he had an afternoon radio show that was on for the drive home. People would call in and I could guess the answer before he even said it. I don't know how he continues with the same old info over and over.
His advice is perfect for 90% of the people.
Posted on 11/7/20 at 11:01 am to Diamondawg
quote:
I don't know how he continues with the same old info over and over.
Great advice doesn't change. People obviously still don't get that you can't spend your way to prosperity. It doesn't work for our government and it doesn't work for individuals.
But people still equate prosperity with stuff. There is a book called "The Millionaire Next Door" that explains how the average "real" millionaire lives, and it isn't by having all kinds of stuff and living in debt. The book is not by Dave Ramsey, so if you don't like him you can still get some good info and have some eyes opened.
Posted on 11/7/20 at 11:23 am to pioneerbasketball
He gives great advice for the average person (his audience). The average American spends 1.27 for every dollar they spend and needs to break the credit traps.
Posted on 11/7/20 at 11:34 am to CFFreak
quote:
Dave Ramsey's advice is great for 80% of this country. You can't ask for better than that.
Wouldn’t it be great to be able to say that regarding ANY political party ?!?!
Posted on 11/7/20 at 11:58 am to pioneerbasketball
Hes dumb about credit, especially that you get better deals with credit and it can be immediately paid off in cash.
Posted on 11/7/20 at 12:26 pm to Diamondawg
quote:
I listened to him years ago when he had an afternoon radio show that was on for the drive home. People would call in and I could guess the answer before he even said it. I don't know how he continues with the same old info over and over.
It's not so much the same old answers, as it is the same old questions.
Caller: OK, Dave, I gots a qwerstshun fer ya... I have my house trailer almost paid off but need a new bass boat. If I still owe 6 years on mah truck, do you think I can afford a new Triton? Mah wife says she needs some new Lebooootan and Jimmy Choo shoes instead. Whatcha think, Dave?"
Dave: Well, what type of job do you have and how much do you make? Also your wife?
Caller: I turn baseball bats down at the wood factory and make about $29 grand a year. Mah wife stays at home with the six kids.
Dave: Can you custom make me a baseball bat? I have something I want to hit with it.
Posted on 11/7/20 at 12:36 pm to iglass
quote:
His advice is good for some people, the same as all advice.
All advice is bad advice, unless it helps you on your journey.
Thats some deep stuff.....
Posted on 11/7/20 at 12:44 pm to DawgsLife
quote:He who dies with the most stuff is still dead!
"real" millionaire lives, and it isn't by having all kinds of stuff and living in debt.
Page 2 of 3
Popular
Back to top
Follow SECRant for SEC Football News