Home Forums Hunting & Shooting Hunter's Campfire For all the Dave Ramsey Haters

JG you’ve got a damned bad case of good sense.

Explain how a 20 year old dies a millionaire without ever assuming debt. Inheritance doesn't count.

Begin at age 20,paying yourself first, eschew debt, Live below your means, invest wisely and consistently in low cost instruments doing dollar cost averaging .

Worked well for me by age 48 1/2. Ymmv.

An old gent years ago told me. “Boy, you like to eat rib-eyes regular?” Yes sir. “Well,,,1st you may have to eat hot dogs “.

I've heard that he preaches that a debit card is smart and a credit card is dumb. That alone is a reason to ignore him. I use the banks money for an entire month,pay for everything on it, and earn at least three "free" air tickets a year. Tell me again why I shouldn't use one?

I have listened to him for exactly about 30 seconds and he came off as a pompous azzhole and I shut him off. I don't need some blowhard douche to talk down to me. I don't owe anyone a penny in this world, and when I do, I pay them off as fast as I can, it's common sense, not a religion.

Dave points to the debit card for limitations on folks who have little self control.

Your method follows his line to a fine point meaning you made his case for him.

[align:center][/align]Well I'm glad there are people who need to him to tell them what should be common sense to anyone with two fingers of forehead. I guess the way he spoke to people just turned me off.

Actually, part of my dislike for Ramsey is that he turned a buddy of mine into an anal retentive idiot who now keeps a monthly envelope of money for himself, his wife, and his dog. He names his dollars. He is annoying to even be around anymore.

There are a bunch that you described. Last I heard on Fox Financial was that household debts exceeded the national debt.

Not quite, but close.....

http://www.usdebtclock.org/

The Federal GOV, like most households has a spending problem.... NOT an income problem!

Muffin, Fox financial also said the national debt was dropping due to the newly instituted tax and trade polices.

you have common sense and self control. most have neither. thats why DR preaches the strict rice and beans sermon. i keep a CC too but only for emergencies or travel, etc and pay it off immediately.

So they can't borrow for college. Right off the bat, they're going to be making just enough to pay rent, utilities, food, clothing, cheap car, fuel, insurance. With the unbelievably low interest rates we've had the last 10 years, Ramsey's an idiot for discouraging folks from borrowing in reasonable, rational levels for a primary residence. Some idiot was bragging to me about being debt free a few weeks ago but rents a house that costs $200 more than a payment would be at current property value/interest rates. Debt free my ass if you have rent to pay.

Paid my own way but tuitions and books costs a lot less then.

he says a primary residence is the only time to borrow. also to save up 20% to avoid PMI, make sure your house payment only equals 25% of your take home pay and to pay it off early. all very reasonable and what i did with 2 houses.

and yes, you can cash flow a kids college. i did it. problem is that people want big cars, fancy houses and vacations in maui the whole time their kids are growing up. then when the kids are in high school they realize that the don't have schit to pay for college and junior wants to go to a 50k a year school. then they either hock what little equity they do have or let junior take a beating on a student loan. the parents who let their kid take out these giant fuggen loans are fugged up parents in my opinion. i have personally seen it. my daughter got her masters with 8k in loans and the rest her and my wife and i cash flowed. she paid off the 8k in about 9 months and is getting ready to pay cash for a good used car. meanwhile she has friends who have 100k in loans and a useless degree and bitch and whine about how they are going to pay for it while working a minny wage job.

Since Ramsey is basing his teaching on Biblical principles I wonder how many people he is leading into the idolatry of focusing on money. That isn’t to say that what he teaches is wrong or that good money management is wrong. John Calvin said that the heart is a factory for the production of idols. The love of money being call the root of all kinds of evil one could make a quick jump. As has been noted by the obnoxiousness that these teachings create in many people I’d lay a heavy bet, not a Ramsey principle, that a lot more than one would think become obsessed with money. But in a very very “holy”way of course.

Thou shalt not covet.

Lots of folks have said lots of things about money and goods over the ages and it continues.

Remember Reverend Ike? Ole Ike said “get off yo ass, get on yo knees and pray for money . You never seen a rich man robbing a 7-11 sto ,,so gets you some money “.

The thing about Dave is that, depending on how hard someone's head is, he can be just enough of a pompous azzhole to get through and help anyone.

Or “I luvs Jesus cause Jesus led me to Dave Ramsey”?

Compound interest. Living on less than you make. Invest $50 a week for 45 years in an index fund.

That is all. Result: $2,759,000.

Victims and snow flakes need not try this. You would have to turn in your poor-poor-pitiful-me card.

I wonder how the religion of money management sells to Christians in third world countries.