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Dave Ramsey has entered into a war with time share companies
Posted on 5/21/21 at 9:13 am
Posted on 5/21/21 at 9:13 am
Dave Ramsey rant against time share corruption
Had no idea timeshare companies were this ruthless that even politicians would go to bat for them.
Had no idea timeshare companies were this ruthless that even politicians would go to bat for them.
13
Posted on 5/21/21 at 9:14 am to tiggerthetooth
I will never understand wanting to get in a time share with all the horror stories.
Posted on 5/21/21 at 9:15 am to tiggerthetooth
Time shares have had a shite reputation since at least the 1970s. Anyone that buys in deserves what they get.
Posted on 5/21/21 at 9:20 am to tiggerthetooth
The only timeshare I've ever heard anything positive about is the Disney Vacation Club and I think they structure it way differently than the traditional ones. And they have Disney properties all over the place not just the theme parks.
Posted on 5/21/21 at 9:21 am to tiggerthetooth
I despise timeshare companies, but 
at anyone that takes financial advice from Dave Ramsey
Lots of people using his 8 step program I see....
at anyone that takes financial advice from Dave Ramsey Lots of people using his 8 step program I see....
This post was edited on 5/21/21 at 9:26 am
Posted on 5/21/21 at 9:21 am to tiggerthetooth
Funny you should post this. I was just listening to his rant on the way to work this morning.
Posted on 5/21/21 at 9:23 am to DCtiger1
quote:
I despise timeshare companies, but at anyone that takes financial advice from Dave Ramsey
This is stupid. Most people are really bad with money. If more people took his advice the country would be far better off.
If you're someone who already knows how to save and has self-control then of course his advice has no use.
Posted on 5/21/21 at 9:25 am to tiggerthetooth
quote:
This is stupid. Most people are really bad with money. If more people took his advice the country would be far better off.
My post is stupid? Look at your post above. Self made wealth isn’t accomplished by putting your pennies in a low yield savings account and being completely adverse to taking on debt.
Posted on 5/21/21 at 9:26 am to Oates Mustache
quote:
The only timeshare I've ever heard anything positive about is the Disney Vacation Club
my wife and i got the sales pitch on our honeymoon last year on our disney cruise. from what i remember, you pay for it like you're paying for a house. closing costs and a monthly or yearly payment with options to rent it out when you're not using it. the only thing is, you don't really "own" it because it expires after 70 years or so and you can only will it to someone once if you die. if the person you willed it to dies, that's the end. we established it wasn't worth it, but staying anywhere at any Disney Resort was appealing. glad we didn't do it. much cheaper to just rent the resort once every 5 years or so.
Posted on 5/21/21 at 9:26 am to Oates Mustache
quote:This is correct. You buy "points", not weeks. I owned a bunch, years ago when my kid was little and we went to Disney twice a year. Then they opened their Hawaii location. Took 3 trips there using the points for a two bedroom villa. Ended up selling them for more than I paid.
The only timeshare I've ever heard anything positive about is the Disney Vacation Club and I think they structure it way differently than the traditional ones. And they have Disney properties all over the place not just the theme parks.
Posted on 5/21/21 at 9:28 am to DCtiger1
quote:
My post is stupid? Look at your post above. Self made wealth isn’t accomplished by putting your pennies in a low yield savings account and being completely adverse to taking on debt.
Averse
Posted on 5/21/21 at 9:28 am to DCtiger1
quote:
My post is stupid?
Yes.
Posted on 5/21/21 at 9:28 am to DCtiger1
quote:
Self made wealth isn’t accomplished by putting your pennies in a low yield savings account
You've obviously never listened to old Dave.
Posted on 5/21/21 at 9:28 am to DCtiger1
quote:
My post is stupid? Look at your post above. Self made wealth isn’t accomplished by putting your pennies in a low yield savings account and being completely adverse to taking on debt.
I don't think you understand Dave Ramsey at all. You need to listen to the calls he gets.
I'm guessing everyone you know makes a good living, is college educated, little debt. Maybe to those people it sounds ridiculous.
Almost everyone that seeks out his advice has bad debt or bad spending habits. His advice for that is pretty foolproof. You really underestimate how bad the average person is with money.
Posted on 5/21/21 at 9:30 am to tiggerthetooth
Are there any time share success stories out there? Anyone here own one or know if any? I’m generally curious, all I ever hear is “time shares bad” but somehow they are still around so something must be generally right/good
Posted on 5/21/21 at 9:32 am to tiggerthetooth
quote:
Almost everyone that seeks out his advice has bad debt or bad spending habits. His advice for that is pretty foolproof. You really underestimate how bad the average person is with money.
His entire shtick is based upon debt being a negative no matter what. That people should pay cash for junker cars and pay off their mortgage as quickly as possible. Paying off revolving debt is great, but his take on debt when it comes to real estate is ridiculous.
Posted on 5/21/21 at 9:32 am to tiggerthetooth
I loved that video. It was like watching the sausage get made. He went off on Hilton/Diamond Resorts, the AG of Washington, Inside Edition....Mike Flasky CEO....
Boy went off!
Boy went off!
Posted on 5/21/21 at 9:34 am to Oates Mustache
You Disney dolts kill me
Posted on 5/21/21 at 9:36 am to Cracker
I'm not a Disney dolt, you dolt. I don't own the Disney Vacation Club. I'm just saying it's the only timeshare I've ever heard positive things about. Go pound sand.
Posted on 5/21/21 at 9:42 am to DCtiger1
(no message)
This post was edited on 10/18/21 at 10:23 pm
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