re: Dave Ramsey

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according to the MT gurus he's a moron.

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That's not true. I imagine most on here probably respect his ability to market himself and his ideas. But, quoting a Ramsey commandment in a financial discussion among financially capable people, like most on this board, is not the best idea though.

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for the average American though

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The optimist in me wants to believe it's not even for the average, but due to his popularity, it probably is.


This thread 8 pages...

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according to the MT gurus he's a moron.

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I don't think he's a moron and don't think most here do either. His stuff is just simplified for people who need lots of handholding.

Unlike most "popular" advisors, he admits it too. For example, his advice regarding paying credit cards is to start with the card with the smallest balance so you can get a quick victory. But he also admits that financially it's better to pay the highest rate card first, it's just that many will not have the willpower to keep it up.

The only area where I'd disagree with him is the advice that debt is always bad. I guess if you can't handle debt that is true, but using other people's money well is the classic way to become rich. After all, that's precisely what bankers do.