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Message
re: Dave Ramsey...
Posted on 2/1/10 at 2:32 am to ElleshooTGR
Posted on 2/1/10 at 2:32 am to ElleshooTGR
Spend less than you make is not a groundbreaking idea, but it is motivating to hear someone say and to hear success stories of that philosophy working. It has really helped me and my wife get on the same page financially and save my marriage.
1
Posted on 2/1/10 at 6:40 am to tigerfan78
I don't have his books, but listen to his radio show from time to time.
His program is all common sense. A lot of it is methods of tricking yourself into budgeting if you are an undisciplined person (i.e. paying for everything in cash).
His program is all common sense. A lot of it is methods of tricking yourself into budgeting if you are an undisciplined person (i.e. paying for everything in cash).
Posted on 2/1/10 at 7:09 am to urinetrouble
Dave Ramsey is only for people with iq's less than 10.
Sincerely,
The Money Talk Board
Sincerely,
The Money Talk Board
Posted on 2/1/10 at 7:22 am to ElleshooTGR
In the current economy it is a book worth reading
Posted on 2/1/10 at 7:32 am to ElleshooTGR
Is he the guy that says you can pay off a thirty year mortgage in two years? Don't know if I buy that.
Posted on 2/1/10 at 7:59 am to Meatball
quote:
Is he the guy that says you can pay off a thirty year mortgage in two years? Don't know if I buy that.
No..
Ramsey's goal is for you to pay off your revolving credit card debt in < 2 or 3 years.
He always preaches to his readers about the worst investment you could make, which is buying a new car. He recommends buying a car a few years old which you can buy straight-up to avoid the $300-400 per month note and use that extra money to save, pay off other debt or invest in the market.
Posted on 2/1/10 at 9:07 am to LSUAlum2001
quote:
His program is all common sense
Which is not very common!
Posted on 2/1/10 at 9:08 am to LSUsmartass
quote:
lol, I bet at the end of his books he says the real key is to start a scam like this and sell a book
What is the best way to make money in mutual funds?
start one
Posted on 2/1/10 at 9:28 am to TheBob
quote:
as well as gambling,
You're in debt...
Posted on 2/1/10 at 9:33 am to Cash
This weekend I heard someone mention Dave Ramsey IRL. This was the first time I'd ever heard his name outside of the money board. This was in Alabama. I assume he's more well known there because they have a lot of conservative Protestant churches and that's kind of his target audience.
The perception of Ramsey was quite negative -- he said something like "Dave Ramsey that guy who doesn't want you to go into any debt whatsoever. Want to buy a house? Save up and buy cash! How unrealistic"
I thought it was an interesting window on how people perceive Ramsey. Even if it's not quite accurate.
The perception of Ramsey was quite negative -- he said something like "Dave Ramsey that guy who doesn't want you to go into any debt whatsoever. Want to buy a house? Save up and buy cash! How unrealistic"
I thought it was an interesting window on how people perceive Ramsey. Even if it's not quite accurate.
Posted on 2/1/10 at 9:36 am to Cold Cous Cous
quote:
Want to buy a house? Save up and buy cash!
That's not accurate.
ETA: Ramsey is based out of Nashville, so I assume the closer you get the more you hear about him.
This post was edited on 2/1/10 at 9:37 am
Posted on 2/1/10 at 9:46 am to Cash
quote:
That's not accurate.
Well yeah but I'm not going to start an argument over this.
Posted on 2/1/10 at 10:08 am to Cold Cous Cous
quote:
Dave Ramsey that guy who doesn't want you to go into any debt whatsoever. Want to buy a house? Save up and buy cash! How unrealistic"
That's incorrect information...he "preaches" not having a house note over 25% of your monthly pay on a 15 year mortage...
Posted on 2/1/10 at 10:15 am to LSU0358
My wife and I took the 13 week program recently. We both really enjoyed it and got a great deal out of it. Dave is a great speaker and motivator. A lot of his teachings are common sense but there are several strategies that are helpful.
My wife and I both have good jobs but didn't really use our money wisely. Since taking class we are debt free except for house(we refinanced to 15YR). It is all about getting a plan of attack and following it. He gives you the steps if you follow them you can get there.
My wife and I both have good jobs but didn't really use our money wisely. Since taking class we are debt free except for house(we refinanced to 15YR). It is all about getting a plan of attack and following it. He gives you the steps if you follow them you can get there.
This post was edited on 2/1/10 at 10:42 am
Posted on 2/1/10 at 10:35 am to LSU0358
quote:
That's incorrect information...he "preaches" not having a house note over 25% of your monthly pay on a 15 year mortage...
That is correct. He preaches not having standard CC revolving debt or car notes.
He knows that you 99% of us can't buy a house outright. If we could, we wouldn't have all of this debt to begin with..
Posted on 2/1/10 at 10:38 am to ElleshooTGR
He doesn't do me any good. I followed his advice before I knew he existed so I'm already debt free.
Watched Suzy Orman for the first time last week. Was not impressed.
Watched Suzy Orman for the first time last week. Was not impressed.
Posted on 2/1/10 at 10:43 am to rmc
I would describe my lifelong technique as having a keen awareness of the difference between a 'want' and a 'need.' I assume he preaches the same thing.
Posted on 2/1/10 at 10:43 am to rmc
Exactly...if you aren't in debt and have a good amount of savings/retirement, DR is not for you. Unfortunately, only 10-15% (this is a WAG) of the population fits in this category. Which is why Dave makes a lot of money selling books and conferences.
Posted on 2/1/10 at 10:49 am to Zach
quote:
Watched Suzy Orman for the first time last week. Was not impressed.
Suzy is pretty much a paid FICO spokesperson.
Posted on 2/1/10 at 10:50 am to Cash
quote:
Suzy is pretty much a paid FICO spokesperson.
That was my general impression as well...
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