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re: Heard Dave Ramsey's daughter speak at a luncheon a few weeks ago
Posted on 4/20/17 at 11:49 am to Serraneaux
Posted on 4/20/17 at 11:49 am to Serraneaux
quote:
The daughter's speech just didn't do it for me knowing that she went into the world with zero student debt and no mortgage. It's easy to do when 2 of your largest expenses you will ever have in your life are paid for.
Generally speaking Dave provides excellent advice to the financially illiterate, sound advice to those with some knowledge, and poor advice to those with a firm grasp on how debt can be leveraged.
However, a good bit of what he talks about after a family gets out of debt is setting up the children for success (college savings, etc.) so I see no issue in his daughter's lifestyle. It's a living example of what can be achieved through multiple generations of good financial habits.
2
Posted on 4/20/17 at 11:55 am to Golfer
quote:
However, a good bit of what he talks about after a family gets out of debt is setting up the children for success (college savings, etc.) so I see no issue in his daughter's lifestyle. It's a living example of what can be achieved through multiple generations of good financial habits.
Well said...all in how you look at it.
Posted on 4/20/17 at 12:01 pm to Golfer
quote:
poor advice to those with a firm grasp on how debt can be leveraged.
There's absolutely nothing poor about it. It may not be what some think is the 'best' but it's by no means poor. Furthermore, it's extremely sound advice for anyone that got wealthy from a salary like an executive or doctor. Sure loaning money as a business owner often makes sense, but if you are a surgeon making $500k why would you ever loan money outside of a house purchase? That is as stupid as it may be smart to save a couple small percentage points.
Most people with $10 mil plus actually follow dave's advice very closely. It's those with $1-2 mil trying to get wealthier that find his advice absurd.
I've never heard his daughter come off as anything but genuine. If her dad gave her money and she makes a ton on her speaking circuit which I'm sure she does, why would she buy a $250k house like a normal 23 year old? That's even dumber.
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