re: Heard Dave Ramsey's daughter speak at a luncheon a few weeks ago

quote:

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Exactly. I would be doing great if I didn't have a mortgage or student loans to pay for. If I had those handed to me then guess what, I could have paid for my vehicle in cash as well but instead I have another form of debt.

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They teach getting and staying out of debt. Dave is worth $60 mil or more. Would it not be against what he preaches for his daughter to get out a loan unnecessarily? Dave doesn't hide his wealth, he talks about his boat, his cars, his gun collection. He also talks about donating 10% to his church. I don't agree with all he says, but nitpicking things like that is just absurd.

Dave rarely says that his method is the easiest or fastest way. What he does say is that it's the way with the least risk and the way that he has proven works.

Arguing Dave's way is wrong is absurd. Sure there are better ways sometimes for those that are smart, but those 'smarter' ways also carry a risk that Dave doesn't believe in.