Dave Ramsey

[wincrasher]

Another thing to think about.

People like to flock to gurus. Generally they tell you what you already know. But somehow, when it comes from one of these so called experts, people will listen.

Funny too, most of these folks have basically destroyed their financial lives several times, been thru bankruptcies or whatever, and came back - generally made fortunes being gurus!

[Debt Vigilante]

Another thing to think about.

People like to flock to gurus. Generally they tell you what you already know. But somehow, when it comes from one of these so called experts, people will listen.

Funny too, most of these folks have basically destroyed their financial lives several times, been thru bankruptcies or whatever, and came back - generally made fortunes being gurus!

Ha... So true.

There is nothing that sets people like Dave Ramsey and Suze Orman apart from MANY other people out there. Most of what they say is common sense that most people with a somewhat grasp on finances already practice.

When you break it down, the gospel they all preach is spend less than you earn. Well no crap! The only thing that makes them different is that they write books that publishing companies think are worth publishing.

[ActYourWage]

Another thing to think about.

People like to flock to gurus. Generally they tell you what you already know. But somehow, when it comes from one of these so called experts, people will listen.

Funny too, most of these folks have basically destroyed their financial lives several times, been thru bankruptcies or whatever, and came back - generally made fortunes being gurus!

That is true. However, when they say it, they seem to have more credibility. It is kind of like seeking advice to get fit and taking advice from an overweight person. Not to say the over weight person is not correct in their advice, but someone that was once overweight and now fit, people tend to listen to them more because they have "been there done that".

[Guest]

Dave also advocates having 100% stock portfolios, which is a very bad idea IMO.

[bjl584]

I have read his books and find his advise to be generally good. It's a good place to start at least. He keeps it basic which is good for people just starting out, but as stated earlier, if you are looking for more advanced financial knowledge, look for a different author.

[TheStreetCeo]

I have read his books and find his advise to be generally good. It's a good place to start at least. He keeps it basic which is good for people just starting out, but as stated earlier, if you are looking for more advanced financial knowledge, look for a different author.

Dave Ramsey also says this in his book right up front which I think is good. Personal Finance is basic in it's purest form in my opinion. It doesn't have to be difficult. Have a budget, live within your means and let the professionals invest your money.

[bjl584]

Dave Ramsey also says this in his book right up front which I think is good. Personal Finance is basic in it's purest form in my opinion. It doesn't have to be difficult. Have a budget, live within your means and let the professionals invest your money.

To a point I would say allow the professionals to invest your money, but I also advocate obtaining personal knowledge of investing. I would advise against turning a blind eye to what your "professional" is investing your money in. (See Bernie Madoff) Research the stocks and mutual funds that they recommend. Understand how the markets work. For a more in depth knowledge of finances, if you so desire to learn, read and research real estate investing, starting a business, etc. Talk to and learn from professionals in the field who are sucessful. Simply allowing the so called pros to invest your money is selling yourself short in my opinion.

[maat55]

To a point I would say allow the professionals to invest your money, but I also advocate obtaining personal knowledge of investing. I would advise against turning a blind eye to what your "professional" is investing your money in. (See Bernie Madoff) Research the stocks and mutual funds that they recommend. Understand how the markets work. For a more in depth knowledge of finances, if you so desire to learn, read and research real estate investing, starting a business, etc. Talk to and learn from professionals in the field who are sucessful. Simply allowing the so called pros to invest your money is selling yourself short in my opinion.

Dave only reccomends his elp's that will teach you about the investments it uses beit, mutual funds, real estate etc.