Dave Ramsey - Any Thoughts?

[sakigt]

Re: Dave Ramsey - Any Thoughts?

I received the list of stations he speaks on. Ill skip NPR today and have a listen

[veronak]

Re: Dave Ramsey - Any Thoughts?

I love Dave, even though I do not agree with him 100% he has some valid points. I did read his book and thought it was OK

[Ima saver]

Re: Dave Ramsey - Any Thoughts?

I like that book too!

[jmjj215]

Re: Dave Ramsey - Any Thoughts?

I'll always have my credit card and if I followed his home owning expense recommendations, I'd be living in a trailer.

Can you get a decent trailer for $3,900?

Have you ever met a millionaire that said, "yep, I did it all by using those cash back credit cards"

Nobody's claiming they're going to be a millionaire with cashback. With out cashback card, by the end of the year we have enough to buy one month's worth of groceries. No, it won't make me a million bucks, but it'll feed my family for a month and that's nothing to sneeze at. It takes no extra work on my part to use the CC instead of the DC. Cash actually takes more work.

We are avid budgeters, so we watch what we spend whether it's with the CC, DC, or cash. All the same to me b/c I hate spending money no matter how it leaves my hands.

However, if you want to accumulate true wealth, over time, Dave Ramsey's advice is the way to go.

I agree with Dave on 90% of what he says. However, when doing your "wealth" calculations, make sure you stick to a reasonable rate of return and not his pie-in-the-sky 12%

Again, I'm not saying what Dave's doing is bad - it is very, very, very good! There are just a few things I disagree with - abstinence of CCs is a small one that really doesn't matter too much (until much more stuff becomes dependent on our credit scores...), but the 12% forecasted stock market return kind of irks me.

[debtfreesteve]

Re: Dave Ramsey - Any Thoughts?

I know I do have a lot to learn about investing, that's for sure Jesse.... I didn't do very well in my mathematics classes.

It's hard not to take someone's advice, when they changed your world by over 100k in 2 years, however I understand that 'we' did the legwork, and even though we've drank the kool-aid, shaved our heads, we'll look to expand our awareness of what other successful investors are doing with all of that cash that used to go the banks...

[sakigt]

Re: Dave Ramsey - Any Thoughts?

Well AM stations dont filter through here at work, and I have no speakers to listen to it from the website.

So Ill be relying on these forums for my inspiration

[jmjj215]

Re: Dave Ramsey - Any Thoughts?

I was somewhat making fun at myself for unnecessarily correcting the downpayment question earlier, where puck then mentioned this:

what ever the amount that is still no house. where in the USA can you get a house for $3,900?

My feable attempt at humor I suppose

[Writer@Large]

Re: Dave Ramsey - Any Thoughts?

If I might jump into the conversation a litttle late ...

As you can probably tell by my weblog (check my profile or sig), I am a fan of Dave Ramsey. I was initially skeptical when my sister sent me his Total Money Makeover book (especially when I saw the endorsement from Sean Hannity on the back cover!), and when I began reading the book his folksy infomercial tone really threw me off. But once I looked past the style to the actual plan he was proposing, and I took a look at how what he was saying could be really positively applied to my life, I became very excited.

Since then, Ramsey's advice has been nothing but good for me. I've been exploring every aspect of his TMM I can, and while a few parts of it seem extreme (NO credit, NO debt AT ALL, and no need for a credit score!), and the shift to a zero-dollar budget took getting used to, I am in a much more secure place financially now than I was even six months ago. And that security is a wonderful thing.

--W@L

[jmjj215]

Re: Dave Ramsey - Any Thoughts?

W@L, I think we're all in agreement that overall he's doing a great thing - except for dealsaver maybe

[Thrifty Ray]

Re: Dave Ramsey - Any Thoughts?

Thrifty Ray.....I'm surprised at you. Are you intimating that people should maybe check their facts and details before pouncing on a fellow member of an internet forum?!

for shame!!

You caught me. Guilty as charged.

[Writer@Large]

Re: Dave Ramsey - Any Thoughts?

W@L, I think we're all in agreement that overall he's doing a great thing - except for dealsaver maybe

Dealsaver? I'm not familiar with that. Is it something Ramsey is connected to?

--W@L

[eisor]

Re: Dave Ramsey - Any Thoughts?

Dealsaver? I'm not familiar with that. Is it something Ramsey is connected to?

--W@L

Dealsaver is a member of the forum who posted on the first page of this thread.

[debtfreesteve]

Re: Dave Ramsey - Any Thoughts?

On Dealsaver, not to attack him, but he asked a ? before.. Here's what he had to say... It would be very interesting to see a detailed analysis of how Dave has changed people's lives financially?

Well, to us, it's meant in 2 months, we will have an extra FIVE THOUSAND DOLLARS Per Month, that we have to invest, save, give, whatever.... that was going to banks, because, yes, we were idiots with money, and had charged up our credit cards, financed two cars, and had student loans...

We now, have no credit card payments, no Car Payments, and the student loans are all but history.

Pretty good advice I would say...

[jmjj215]

Re: Dave Ramsey - Any Thoughts?

I agree whole-heartedly Steve. Way to go on your progress!

[Writer@Large]

Re: Dave Ramsey - Any Thoughts?

Dealsaver is a member of the forum who posted on the first page of this thread.

Oh, duh. Don't mind me, have a bit of n00bitis on the boards ...

--W@L