Steve and LAL, You make a good arguement and for those who very disciplined with their money, your plan is a notch better.
But I must argue that if you were to have 100 do my plan and 100 do your plan, in the end, I think they come out better on mine. (Dave's) Not because DR's is better, but because the 15 forces a better investment. I believe that a large percentage of those who, even if you told them your plan, would still fail in the end to see it through. This is why Dave does not advise it.
To LAL, I am sorry I implied that you were stupid. It was not so much the 15-30 thing as it was your implying that DR's plan is harmful, when I know better. If you were right, he would not be so popular. I see his plan as a safe and much better plan than the populous is doing with no direction at all.
If you both are so concerned that people are at a huge risk of getting cancer or having a wreck causing them not to work for a year, you should push for a larger EF. Dave does highly recommend disability ins. Again, for the normal person I will still recommend the 15 note because if used, IMO, will have a much higher rate of success over the 30.
|