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re: It costs a lot of money to live
Posted on 2/3/13 at 5:05 pm to ItNeverRains
Posted on 2/3/13 at 5:05 pm to ItNeverRains
I'm talking about otherwise intelligent people who think they will be millionaires by 40 because they pay cash when they go out to eat. The 12% rate of return Ramsey uses to predict investment returns is unrealistic especially when factoring in inflation.
This post was edited on 2/3/13 at 5:08 pm
2
Posted on 2/4/13 at 9:46 am to Cholo
quote:
I'm talking about otherwise intelligent people who think they will be millionaires by 40 because they pay cash when they go out to eat. The 12% rate of return Ramsey uses to predict investment returns is unrealistic especially when factoring in inflation.
Ramsey's advice is generally sound and the philosophy will be successful for 90+% of Americans. His specifics do not have to be spot on for the philosophy of the system to work. It absolutely works.
This post was edited on 2/4/13 at 9:47 am
Posted on 2/4/13 at 10:22 am to Cholo
quote:
I'm talking about otherwise intelligent people who think they will be millionaires by 40 because they pay cash when they go out to eat. The 12% rate of return Ramsey uses to predict investment returns is unrealistic especially when factoring in inflation.
If no one gets to factor in inflation, there are very few millionaires in this world.
But I get what you are saying. It's the steadfast message of Ramsey that bugs me, because while its right for all his callers, it's wrong for a large % of his listeners.
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