re: Dave Ramsey's Financial Peace

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I'm sorry that some people can't handle credit responsibly but that doesn't mean credit cards, or many other forms of debt for that matter, are an evil institution. Some Americans clearly have issues managing money and they have no one to blame but themselves.

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Right. I do the same. But the idiots who call DR don't have personal responsibility to take advantage of the rewards from CC.

The only downside is I'd bet 50% or more of the people just on TD who are DR buy the book followers heard about DR through their church, and they live by his message even though they never had any of the tendencies his callers have.

For me, that's way too heavy of my money into personal real estate with historic 1% gains per year vs other investments with average 8-10% gains per year, especially at 3.5% interest rates. I'd rather take the difference in mortgage payment and play the swings in market over 30 years with 3.5% secured debt vs. the swings for 15 years with 2.8% secured debt, especially given the last 5 year run and the tax benefits of said secured debt.



There are so many other factors in his formula that make it too vanilla for me, but to each his own, I guess the dummies probably need it vanilla as possible

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It really isn't that much money though

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For $110 dollars last year ($99 southwest, $11 in interest to Amex) I got two flights from Nashville to lajolla and $800 in visa gift cards. That's about a $1500 swing. That's significant for a guy like me.