Dave Ramsey or Carmen Ulrich - Page 2

disneysteve · #21 (**permalink**) 08-13-2009, 05:47 AM

Quote:

Originally Posted by FrugalIII

My biggest draw to these shows is my fascination with how so many people rack up such huge credit card balances.

Us, too. We watch Suze as a family and it has been very educational for my teen daughter (at least I hope so). That's why we love the Can I Afford It? segment when people call in and say what they want to buy and then list their finances. Some callers are in great shape and can easily afford the purchase but many others are totally clueless. It is sad but, admittedly, also entertaining to hear the stories.

nmboone · #22 (**permalink**) 08-13-2009, 07:21 PM

I love Suze's emotional appeal to the things she says. I don't mind Clark Howard but his weird accent which I guess is southern kind of gets on my nerves. It's like he tries to hide it but he can't? DR I'm not sure about, I've never watched him or read the books, I just know what he's about through the forums. I don't mind Carmen, she seems sweet. I wish another reality show about people's finance problems would come out. I think a team of us should host it! I do know that 'Big Spender' was canceled basically because no one would sponsor the show because it told people to stop spending.

Tree0164 · #23 (**permalink**) 08-15-2009, 07:45 AM

Quote:

Originally Posted by disneysteve

I must admit I've tried to watch Carmen a few times simply because I'm a personal finance junkie and suck up that stuff, but I just can't get into her show. I don't know if it is her or the format or the guests or what but I just can't stick with it. I enjoy watching Suze Orman's show. Can't stand Dave Ramsey but fortunately it isn't aired in my area anyway. I watch Clark Howard occasionally and he's okay.

When is Clark Howard on-what channel?

creditcardfree · #24 (**permalink**) 08-15-2009, 12:26 PM

Quote:

Originally Posted by Tree0164

When is Clark Howard on-what channel?

Clark Howard Website

buildmybudget · #25 (**permalink**) 08-17-2009, 09:36 AM

I think most people just aren't trained to understand compound interest and the power it can hold. Most people don't even have a budget! I think that if personal finance and budgeting were taught earlier on it might help... But in some cases, like medical emergencies, it simply can't be avoided.

spock0149 · #26 (**permalink**) 08-31-2009, 07:42 PM

Dave has become kinda arrogant recently IMO. Also, his advice would not have worked for me. He is all about getting out of debt even if it means dropping out of college and going back when you have the cash.

spock0149 · #27 (**permalink**) 08-31-2009, 07:44 PM

Quote:

Originally Posted by buildmybudget

I think most people just aren't trained to understand compound interest and the power it can hold. Most people don't even have a budget! I think that if personal finance and budgeting were taught earlier on it might help... But in some cases, like medical emergencies, it simply can't be avoided.

Compound interest looks more impressive than it really is when you take into account inflation. True, if you put something like $100 a month away for 50 years by the time you'll be a millionaire, but what will a millino bucks be worth in the year 2060?

I think Daves whole compound interest spin is waaay over-rated.

ActYourWage · #28 (**permalink**) 09-01-2009, 08:22 AM

Quote:

Originally Posted by spock0149

He is all about getting out of debt even if it means dropping out of college and going back when you have the cash.

More like holding off on college instead of dropping out......

wincrasher · #29 (**permalink**) 09-01-2009, 11:31 AM

I'm not a big fan of this hero worship or "cult of personality"

Most of these "gurus" are just spouting common sense. You already know what to do, but need someone to tell you to do it.

Everyone looks to these people for a magic bullet that doesn't exist.

spock0149 · #30 (**permalink**) 09-01-2009, 04:14 PM

Quote:

Originally Posted by ActYourWage

More like holding off on college instead of dropping out......

I heard him on the radio tell someone who was 4 years into his PhD, but in a sh** load of debt that he needed to drop out and pay off the debt.

Thats's really bad advice IMO.

He's follows a really strict code of paying off debt no matter what. He simply can't start making exceptions because once he makes one exception he will have to start making more and more and then the line betwen exception becomes hazy so its simpler for him to follow a single mantra.

It's not necessarily good advice, it's more like a religion (as someone pointed out). Like don't eat pork. There's no good reasons these days but you can't start modifying your philosophy as you are already committed.

There's no room for following dreams in Dave's philosophy/cult.

TG

ActYourWage · #31 (**permalink**) 09-01-2009, 04:48 PM

Quote:

Originally Posted by spock0149

There's no room for following dreams in Dave's philosophy/cult.

TG

That is absolute nonsense! He has helped thousands of people that are not only debt free, but living like no one else.

spock0149 · #32 (**permalink**) 09-01-2009, 05:40 PM

Quote:

Originally Posted by ActYourWage

That is absolute nonsense! He has helped thousands of people that are not only debt free, but living like no one else.

I'm sure he has, and I'm not saying his advice doesn't have value. But in Dave's realm, there are no room for you to pursue your dreams while you have debt...as pointed out in the example. Even if you are a year away from your phd in a 5 year program...

If your dream is to have no debt then sure, his advice is good for that.

miclason · #33 (**permalink**) 09-17-2009, 02:38 PM

By sheer coincidence, when I started snowballing my debt, the lowest balances were on the highest-interest cards!