Never done it since po people cant get in debt but i listen to his show a few times a week and his plan is a sure fire way out .....
Only a few things bad.....1 not many people today will do the things he advises .....sell the lexus? and drive a $1500 car? Yea right.
2nd is of the people who will do it half of those are married to somebody who wont do it. And it will not work if your not both doing it together...
Only a few things bad.....1 not many people today will do the things he advises .....sell the lexus? and drive a $1500 car? Yea right.
2nd is of the people who will do it half of those are married to somebody who wont do it. And it will not work if your not both doing it together...
Dave's plan works great...just takes discipline...long and short of it...
1)budget every $ u have
2)No credit cards
3)No car payments
4)If u cant pay cash for it, u cant afford it
5)you either have to earn more or spend less
6)live like no one else so later on you can live like no one else
BOL....Financial Peace is the way to go...
1)budget every $ u have
2)No credit cards
3)No car payments
4)If u cant pay cash for it, u cant afford it
5)you either have to earn more or spend less
6)live like no one else so later on you can live like no one else
BOL....Financial Peace is the way to go...
First piece of advice should be not to pay for his advice, which appears to be:
1) don't buy that shit!
2) work more!
Gee thanks, Dave. I remember an SNL parody on this kinda thing. Hilarious.
Problem is this "approach" would probably make a lot of people miserable. You only live once. Why be miserable? Just be smart about money. Don't need a book or a plan to tell you that. Or Dave Ramsey.
1) don't buy that shit!
2) work more!
Gee thanks, Dave. I remember an SNL parody on this kinda thing. Hilarious.
Problem is this "approach" would probably make a lot of people miserable. You only live once. Why be miserable? Just be smart about money. Don't need a book or a plan to tell you that. Or Dave Ramsey.
Save all your life, drive a $1500 car, don't have cable tv so you can save up money.
So pretty much, don't enjoy life. What if you die suddenly one day and all of it was a waste.
Meanwhile Dave Ramsey himself is busting his ass selling his piece of shit program so that he doesn't have to live that way.
Good one.
So pretty much, don't enjoy life. What if you die suddenly one day and all of it was a waste.
Meanwhile Dave Ramsey himself is busting his ass selling his piece of shit program so that he doesn't have to live that way.
Good one.
So if you don't have any credit cards and pay for everything in cash, how the hell are you supposed to build up a good credit score? It seems like following this system would make it damn near impossible to buy a house, unless you pay for the house outright. And I'm not trying to make a sweeping generalization here but if someone is following his program to save money so they can just pay their bills easier, I doubt they are going to have hundreds of thousands of dollars sitting around to buy a house.
I also understand the thinking that credit cards are bad and can get you in trouble if you use them irresponsibly (which most people do), but if you use them responsibly and pay off the balance every month they are a good way to build your credit.
I also understand the thinking that credit cards are bad and can get you in trouble if you use them irresponsibly (which most people do), but if you use them responsibly and pay off the balance every month they are a good way to build your credit.
Exactly. He's not selling some "secret," he's just telling people what they should do and because he's viewed as a "professional" people act like he's some kind of guru. It's shocking how irresponsible and careless Americans (and maybe people in general) are with their money.
I think one of the problems is that people who don't have money often want to look like they do. People are too wrapped up in status. I once read a book that said something like 90+% of millionaires own cars that cost less than $30K, and the majority of them own 2 cars or less even if they have a family. They don't become millionaires because they are rock stars or athletes, they become millionaires because they make sound financial decisions throughout their lives.
Common-sense to you and me is not so common to many of
the clueless idiots in this country.
All I know is I've talked to people who listen to his radio show and
have benefited from it.
How stupid can people be, when the average credit card balance
for families is in the thousands of $, and people are paying what
20+% interest on those balances? So fucking stupid.
he doesnt care about your "credit score" since you are supposed to pay for everything in cash...his plan works. The only payment he suggests is a house payment...google "debt snowball"....it may be common sense for some but not most. It has helped me immensely over the years
Well your mortgage lender is certainly going to care about your credit score. But you won't be able to get a mortgage in the first place if you don't have any open trade lines -- that was my point. I was a loan officer for a long time and you would be amazed how many people would call me thinking they could get a loan simply because they paid their bills on time. Many of them assumed they were being smart by avoiding credit cards, but with no credit history good luck getting a mortgage, especially in today's environment. They would have to go out and open credit cards, establish some kind of credit history, then come back and try to get a mortgage. So what they were trying so hard to avoid in the first place is actually the VERY thing they needed to be utilizing all along.
I understand he's trying to prevent people from going crazy and getting into credit card debt, but he's also doing a disservice by telling them to pay cash for everything. Why not teach them how to use the cards responsibly?
I googled 'Debt snowball.' Again, there's nothing ground-breaking there. I'm not saying it's bad information, it's just common sense. And to be honest, I think it makes a lot more sense to pay off cards with a higher interest rate first. You will save money in the long run doing it that way.
I'm glad his service has worked for you. Again, I'm not saying he's giving out bad information or misleading anyone. I'm just saying I'm surprised that people don't already know this stuff. And if they don't, given that we live in the Internet age, it wouldn't take much effort to acquire the knowledge.
I just went back and read my last post and realized it probably came off sounding much harsher than I meant it to. I honestly didn't meant it to come off that way. If this guy is helping get out of debt, that's a good thing. Unlike other "self-help" guys, at least he is actually doing a service and not just separating people from their money.
I guess I'm just surprised that some of this stuff is not already known by most people. The fact that this level of basic finance isn't taught in our public school system is appalling. But that's another discussion unto itself...
I guess I'm just surprised that some of this stuff is not already known by most people. The fact that this level of basic finance isn't taught in our public school system is appalling. But that's another discussion unto itself...
I am a teacher and my district bought me his elementary and high school curriculum, it is incredible...I agree, personal finance is vital. Peter, you are right, people "should" know the info already but its amazing the lack of financial knowledge people actually have out there..he also encourages term insurance instead of whole life, etc...Its amazing when you have a budget how much you realize how much money you waste or spend unnecessarily at times
Some of you people are really narrow minded....and/or naive.
Most people don't have "common sense" when it comes to money....and spending money.
He doesn't say, "Don't have a credit card." He says that if you DO have a credit card, pay it off each month.
But, most people don't have enough...or any "common sense" to do this.
If his plan was such a joke, why are there so many people out there in desperate need of financial help? Why are people defaulting on their mortgages? Why are people not living within their means?
When he says "drive a $1,500 car" he's telling you that if you have the cash to buy it outright...do it. Then keep saving and upgrade....keep saving and upgrade....and so forth. He's not saying that after you get your shit together to keep driving a shit car. He's saying that most IDIOTS buy a $25,000 car....have a $400 car payment....and they struggle to get by every month. A $400 car payment can buy you a used $1500 car in 4 months! Then you can take that $400 and keep saving it, putting it towards investments or paying off other bills....after a year or two you'll be in better financial shape and will be able to afford a nicer car.
For those of you in the "you only live once" department, well I would imagine you are probably in debt out your ass. I know...I know...you'll post how you have so much money in the bank....you drive a BMW....and live in a fancy country club community. Well, I call bullshit!
What he teaches is what people need...because most people are complete morons when it comes to spending, saving and investing real money. Living within your means is a concept that most people have no clue about. Most people are "house poor" and are living way beyond their incomes. Most people don't have emergency funds. There have been study after study showing this. So, you may not like Dave Ramsey or his concepts....but there are people out there who have had their "Come to Jesus" moment and have used his...or some other financial guru's advice to get out of debt.
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Most people don't have "common sense" when it comes to money....and spending money.
He doesn't say, "Don't have a credit card." He says that if you DO have a credit card, pay it off each month.
But, most people don't have enough...or any "common sense" to do this.
If his plan was such a joke, why are there so many people out there in desperate need of financial help? Why are people defaulting on their mortgages? Why are people not living within their means?
When he says "drive a $1,500 car" he's telling you that if you have the cash to buy it outright...do it. Then keep saving and upgrade....keep saving and upgrade....and so forth. He's not saying that after you get your shit together to keep driving a shit car. He's saying that most IDIOTS buy a $25,000 car....have a $400 car payment....and they struggle to get by every month. A $400 car payment can buy you a used $1500 car in 4 months! Then you can take that $400 and keep saving it, putting it towards investments or paying off other bills....after a year or two you'll be in better financial shape and will be able to afford a nicer car.
For those of you in the "you only live once" department, well I would imagine you are probably in debt out your ass. I know...I know...you'll post how you have so much money in the bank....you drive a BMW....and live in a fancy country club community. Well, I call bullshit!
What he teaches is what people need...because most people are complete morons when it comes to spending, saving and investing real money. Living within your means is a concept that most people have no clue about. Most people are "house poor" and are living way beyond their incomes. Most people don't have emergency funds. There have been study after study showing this. So, you may not like Dave Ramsey or his concepts....but there are people out there who have had their "Come to Jesus" moment and have used his...or some other financial guru's advice to get out of debt.
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