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Joined: Jan 2016
Posts: 95,714 Likes: 2
Campfire Oracle
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Campfire Oracle
Joined: Jan 2016
Posts: 95,714 Likes: 2 |
Dave Ramsey haters? You gotta have a screw loose to hate this man. Of course, the word "hater" is tossed around indiscrimately these days.
I listen to Dave every day on Sirius and he knows what he is talking about.
I have been looking for a used Nissan pickup 4WD for 10 months. I am picky.
And I was frustrated and, after ten months, had saved up the $31 grand to just drive up to the GD dealer in Johnson City Tenn. and buy a new one!
And my girlfriend said "Dave Ramsey will be mad at you...."
And a week later I found one, a really nice 2010 with just 40K miles always garaged for $15,800.
So let's break down why that buy made Dave Ramsey smile. Right off the bat, saved $15K. Just to drive the new vehicle off the lot costs $2 grand in depreciation. Higher annual tag tax and title, and higher insurance cost.
The new one will depreciate $9 grand in three years.
So in the first three years, it would cost about $20 grand MORE to buy the new vehicle than the used one that I bought.
And my cash is hard earned truck driver money and $31 grand is all I have. So the new truck would have made me broke,a nd I would have stayed broke.
Thank you, Dave! You could have bought the new one for 31, drove it for 2 years and sold it for 27. $2000/ year is less than $200/mo. 
Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.
A Nation which leaves God behind is soon left behind.
"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".
I Dindo Nuffin
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
All goes back to the misuse of free will, some would say. Behavior is the key.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Oct 2007
Posts: 7,050
Campfire Tracker
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Campfire Tracker
Joined: Oct 2007
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Dave is an idiot. That is all.
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Joined: Feb 2010
Posts: 16,076
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,076 |
Theres math and there's behavior. He is teaching behavior Exactly. Most people can do basic math, but many do not have the self control to put that knowledge to use.
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Joined: Dec 2002
Posts: 14,229 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2002
Posts: 14,229 Likes: 1 |
Dave is an idiot. That is all. "earth to pahick...come in, pahick.... your ship just passed the planet Pluto, you are leaving the gravitational pull of our Sun, turn around now and head back to earth or you will leave the solar system never to return..."
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Joined: Feb 2010
Posts: 16,076
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,076 |
Dave is an idiot. That is all. He's made a lot of money while helping a lot of people. If that is what you call an idiot, then o.k. I guess. Do tell why you are so much smarter than the rest of us.
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Joined: Oct 2007
Posts: 7,050
Campfire Tracker
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Campfire Tracker
Joined: Oct 2007
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Dave is an idiot. That is all. "earth to pahick...come in, pahick.... your ship just passed the planet Pluto, you are leaving the gravitational pull of our Sun, turn around now and head back to earth or you will leave the solar system never to return..." Im firmly planted. Dave, and apparently most of you, arent.
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Joined: Oct 2007
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Campfire Tracker
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Campfire Tracker
Joined: Oct 2007
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Dave is an idiot. That is all. He's made a lot of money while helping a lot of people. If that is what you call an idiot, then o.k. I guess. Do tell why you are so much smarter than the rest of us. I never said I was smarter than you. I said Dave is an idiot. If you think credit is bad, and youre too stupid to leverage credit, then yes, youre stupid and I am smarter than you.
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Joined: Feb 2010
Posts: 16,076
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,076 |
Dave is an idiot. That is all. He's made a lot of money while helping a lot of people. If that is what you call an idiot, then o.k. I guess. Do tell why you are so much smarter than the rest of us. I never said I was smarter than you. I said Dave is an idiot. If you think credit is bad, and youre too stupid to leverage credit, then yes, youre stupid and I am smarter than you. Well congratulations! Somehow I scrape by without having to do so, but you do make it sound cool.
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Joined: Dec 2002
Posts: 14,229 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2002
Posts: 14,229 Likes: 1 |
Oh, you gonna leverage the credit. Yeah I had a neighbor who was doing that.
I am out in the woods in North Carolina. Had a neighbor, he lived on 40 acres. Real estate values were climbing fast, about the time he should have paid off his place, I asked him about it and he said he was $150K in debt. Matthew told me "Leverage. I got a $130K home equity loan and used it to buy 200 acres that I am now developing. Leverage, my boy."
Borrowed against the value of the house his wife and kids lived in.
And he made money on that 200 acre deal. And leveraged that to do the next deal. This was the year 2000, a recession hit that year and it all went to crap, his house got repoed and last I heard he was living in the garage apartment of his brother in law in Charleston, one bedroom apartment up there with the wife and 2 kids. Leverage.
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Joined: Jan 2009
Posts: 23,319
Campfire Ranger
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OP
Campfire Ranger
Joined: Jan 2009
Posts: 23,319 |
i have followed dave ramseys advice for 25 years and my kids are doing it now and we are all debt free. its common sense that is lacking in this world and should be taught in all schools. So teachers are responsible for teaching finances to kids ? What in the hell do parents do nowadays beside shuffle billy and Barbie between baseball and gymnastics? Parents don’t know how to be parents. They just want to be friends. Friggin unbelievable. Parents with school age children were not taught finances in school either.
"All that the South has ever desired was that the Union, as established by our forefathers, should be preserved, and that the government, as originally organized, should be administered in purity and truth." – Robert E. Lee
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2011
Posts: 30,986 |
"good growth stock mutual fund" ummm where. I asked my accountant and even put a post on this forum no one could tell me how they got wealthy or knew anyone that ever has from investing in mutual funds. Than your accountant is stupid and you should fire him. Of course, it's not surprise that you would have a stupid accountant.
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
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Joined: Feb 2010
Posts: 16,076
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,076 |
Oh, you gonna leverage the credit. Yeah I had a neighbor who was doing that.
I am out in the woods in North Carolina. Had a neighbor, he lived on 40 acres. Real estate values were climbing fast, about the time he should have paid off his place, I asked him about it and he said he was $150K in debt. Matthew told me "Leverage. I got a $130K home equity loan and used it to buy 200 acres that I am now developing. Leverage, my boy."
Borrowed against the value of the house his wife and kids lived in.
And he made money on that 200 acre deal. And leveraged that to do the next deal. This was the year 2000, a recession hit that year and it all went to crap, his house got repoed and last I heard he was living in the garage apartment of his brother in law in Charleston, one bedroom apartment up there with the wife and 2 kids. Leverage. He obviously isn't as smart as pahick.
Proverbs 22:7 King James Version (KJV)
7 The rich ruleth over the poor, and the borrower is servant to the lender.
Here's what I read in the Bible regarding debt. Good enough for me. I haven't found anything leverage related in there so far.
Last edited by gregintenn; 08/20/18.
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Joined: Oct 2007
Posts: 7,050
Campfire Tracker
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Campfire Tracker
Joined: Oct 2007
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Oh, you gonna leverage the credit. Yeah I had a neighbor who was doing that.
I am out in the woods in North Carolina. Had a neighbor, he lived on 40 acres. Real estate values were climbing fast, about the time he should have paid off his place, I asked him about it and he said he was $150K in debt. Matthew told me "Leverage. I got a $130K home equity loan and used it to buy 200 acres that I am now developing. Leverage, my boy."
Borrowed against the value of the house his wife and kids lived in.
And he made money on that 200 acre deal. And leveraged that to do the next deal. This was the year 2000, a recession hit that year and it all went to crap, his house got repoed and last I heard he was living in the garage apartment of his brother in law in Charleston, one bedroom apartment up there with the wife and 2 kids. Leverage. Sounds like he made some bad deals. A lot of people suffered though the recession. Some were smart enough to prosper. Some, like youre friend, werent. Its unfortunate. It happens.
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Joined: Oct 2007
Posts: 7,050
Campfire Tracker
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Campfire Tracker
Joined: Oct 2007
Posts: 7,050 |
Oh, you gonna leverage the credit. Yeah I had a neighbor who was doing that.
I am out in the woods in North Carolina. Had a neighbor, he lived on 40 acres. Real estate values were climbing fast, about the time he should have paid off his place, I asked him about it and he said he was $150K in debt. Matthew told me "Leverage. I got a $130K home equity loan and used it to buy 200 acres that I am now developing. Leverage, my boy."
Borrowed against the value of the house his wife and kids lived in.
And he made money on that 200 acre deal. And leveraged that to do the next deal. This was the year 2000, a recession hit that year and it all went to crap, his house got repoed and last I heard he was living in the garage apartment of his brother in law in Charleston, one bedroom apartment up there with the wife and 2 kids. Leverage. He obviously isn't as smart as pahick.
Proverbs 22:7 King James Version (KJV)
7 The rich ruleth over the poor, and the borrower is servant to the lender.
Here's what I read in the Bible regarding debt. Good enough for me. I haven't found anything leverage related in there so far. Let me ask you, do own a home? Meaning Good debt? Or do you rent, as Ramsey tells you to do until you can pay cash. As in BAD debt.
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Joined: Feb 2010
Posts: 16,076
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,076 |
Oh, you gonna leverage the credit. Yeah I had a neighbor who was doing that.
I am out in the woods in North Carolina. Had a neighbor, he lived on 40 acres. Real estate values were climbing fast, about the time he should have paid off his place, I asked him about it and he said he was $150K in debt. Matthew told me "Leverage. I got a $130K home equity loan and used it to buy 200 acres that I am now developing. Leverage, my boy."
Borrowed against the value of the house his wife and kids lived in.
And he made money on that 200 acre deal. And leveraged that to do the next deal. This was the year 2000, a recession hit that year and it all went to crap, his house got repoed and last I heard he was living in the garage apartment of his brother in law in Charleston, one bedroom apartment up there with the wife and 2 kids. Leverage. He obviously isn't as smart as pahick.
Proverbs 22:7 King James Version (KJV)
7 The rich ruleth over the poor, and the borrower is servant to the lender.
Here's what I read in the Bible regarding debt. Good enough for me. I haven't found anything leverage related in there so far. Let me ask you, do own a home? Meaning Good debt? Or do you rent, as Ramsey tells you to do until you can pay cash. As in BAD debt. I own a home. Meaning NO debt. Never paid rent.
Last edited by gregintenn; 08/20/18.
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Posts: 5,628
Campfire Tracker
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Campfire Tracker
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Posts: 5,628 |
I bought cardboard when it was 16 cents a ton!
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Joined: Oct 2007
Posts: 7,050
Campfire Tracker
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Campfire Tracker
Joined: Oct 2007
Posts: 7,050 |
Oh, you gonna leverage the credit. Yeah I had a neighbor who was doing that.
I am out in the woods in North Carolina. Had a neighbor, he lived on 40 acres. Real estate values were climbing fast, about the time he should have paid off his place, I asked him about it and he said he was $150K in debt. Matthew told me "Leverage. I got a $130K home equity loan and used it to buy 200 acres that I am now developing. Leverage, my boy."
Borrowed against the value of the house his wife and kids lived in.
And he made money on that 200 acre deal. And leveraged that to do the next deal. This was the year 2000, a recession hit that year and it all went to crap, his house got repoed and last I heard he was living in the garage apartment of his brother in law in Charleston, one bedroom apartment up there with the wife and 2 kids. Leverage. He obviously isn't as smart as pahick.
Proverbs 22:7 King James Version (KJV)
7 The rich ruleth over the poor, and the borrower is servant to the lender.
Here's what I read in the Bible regarding debt. Good enough for me. I haven't found anything leverage related in there so far. Let me ask you, do own a home? Meaning Good debt? Or do you rent, as Ramsey tells you to do until you can pay cash. As in BAD debt. I own a home. Meaning NO debt. So you paid cash before you moved in?
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Joined: Feb 2010
Posts: 16,076
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,076 |
Oh, you gonna leverage the credit. Yeah I had a neighbor who was doing that.
I am out in the woods in North Carolina. Had a neighbor, he lived on 40 acres. Real estate values were climbing fast, about the time he should have paid off his place, I asked him about it and he said he was $150K in debt. Matthew told me "Leverage. I got a $130K home equity loan and used it to buy 200 acres that I am now developing. Leverage, my boy."
Borrowed against the value of the house his wife and kids lived in.
And he made money on that 200 acre deal. And leveraged that to do the next deal. This was the year 2000, a recession hit that year and it all went to crap, his house got repoed and last I heard he was living in the garage apartment of his brother in law in Charleston, one bedroom apartment up there with the wife and 2 kids. Leverage. He obviously isn't as smart as pahick.
Proverbs 22:7 King James Version (KJV)
7 The rich ruleth over the poor, and the borrower is servant to the lender.
Here's what I read in the Bible regarding debt. Good enough for me. I haven't found anything leverage related in there so far. Let me ask you, do own a home? Meaning Good debt? Or do you rent, as Ramsey tells you to do until you can pay cash. As in BAD debt. I own a home. Meaning NO debt. So you paid cash before you moved in? No. I did have a mortgage for a short while. I never said I was perfect.
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Joined: Jan 2012
Posts: 67,149 Likes: 35
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,149 Likes: 35 |
We had an Economics class for 1/2 semeter in 11th grade at my "hillbilly inbred skool in tn" and also we had a typing/accounting class too. Also agri-business too. And we didnt make rice krispie treats in our econ class. Maybe some other schools allowed intro to being a rodeo clown as a substitution.  Just sayin
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