re: Dave Ramsey

quote:

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We didn't go all "rice and beans", but we would have paid off our debts 2 years earlier if we had, but we had a plan and we worked it. Dave Ramsey's advice is common sense for most people, if you follow it closely you should succeed.

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It's what my wife and I are doing now. It's worked great so far. Almost $50k paid off in 15 months. This thread isn't as anti-Dave as many have been on here. I think generally what the MT'ers miss is that many of us don't really have any interest in acquiring the highest financial IQ, which they pursue with enthusiasm. My wife and I have terminal degrees and make very good money. We are great at what we do and will retire very comfortably because of it. However, we were awful with money. Stupid awful. It took the simplicity of Dave's approach to connect with us. Also, we've seen and felt our parents struggle and have swore not to repeat the mistakes that were imparted onto us. So yeah, Dave's plan is simple - that's why it's appealing. I understand that my nest-egg would likely be larger if I invested more time and energy into more-sophisticated investment strategies - however, I don't want to spend my time doing that. Neither do a lot of people.