Aye fukk Dave Ramsey

Robbie3000

Robbie3000

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:picard:

Just finished reading that article that was posted earlier. Dude is running a cult disguised as a business in Nashville. Dollars to donuts dude is a pervert.
 
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Reno89 said:
Doesn't he recommend the saving up $1,000 for an emergency fund? Why? To have money for emergencies, and not have to go into debt when an emergency happens.

Wouldn't $600, or better yet $1,400 serve the same purpose?
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I think that belief and what he said in the first video line up.

We all should have a minimum of $1000 that we NEVER touch. However receiving $1000 or $2000 from the
government doesn't alleviate the issue. That's why I feel he was right tot say "You got bigger problems".

Everything else he said was bullshyt but if a person cannot put together their own emergency fund, clearly SOMETHING is wrong.
And that SOMETHING changes based on whether or not they're highly paid or living in crushing poverty.

Highly paid individuals need some discipline.

People in poverty...they need to get at these politicians.
 
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Serious said:
@No1 :eat:
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Lol. Dude is a scumbag. Vast majority of Americans live pay check to pay check. You know what’s funny? None of these people actually want higher disciplined individuals who decide that they will never enjoy themselves and live frugal to the point of barely living. If that actually happened the entire materialist culture that fuels American industry would collapse. Imagine if people felt no desire to buy a newer TV to see shyt clearer.
 
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AAKing23

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Originalman said:
Rep + dap breh. You spitting nothing but the real in that post.

I personally know folks who had stocks but no emergency funds cause they put it all in stock. Then when covid hit they lost their jobs and had to sell stocks at a loss to get some cash in their hands.

Yep and them days of going to college just to get any degree (general studies and basket weaving) then coming out and getting a good job are over. So you got folks graduating with 30 and 40 and 50k in loans and can't even get a job cause their degree is worthless in the modern world.

One more thing folks don't realize when they have them loans or credit cards. It ain't the loan thats kills you or the debt...its the interest on the debt that is basically sucking away any potential wealth that you can create. Your debt might be 40 a month but the credit card company charging you 40 plus 30 in interest. Or 40 plus 30 in interest plus 20 cause of late fees or over the limit fees.

Or that student loan is 300 a month plus 8 dollars a day in interest compounded daily. But due to consolidation you are only paying the interest. So your debt never goes down because you never pay into the principle.
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One thing that put fear into my heart is going to college and going in debt for a degree that ends up being worthless and spiraling into a mountain of debt with nothing to show for it.

I decided that the most important thing to me was not ending up in that situation by any means and went to community & technical colleges to get a skill. I planned out my worst case scenario being that I end up getting an associate's degree that took me two years and no one hires me but I'm at least not in any debt plus I have savings vs. I go to a university and take out loans for a degree that no one hires me for and I have to pay back 20-30k with no savings. The choice was clear at that point of which situation I would rather be in. Unless you're 100% sure about your major and your career choice requires it, don't take out loans to go to these colleges. And if you do get the minimum education required for your career at the lowest possible cost.


I'd have a panic attack being in that situation you mentioned
 
YouMadd?

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SourPowerStraws said:
Dave Ramsey is not the financial person you want to follow if you are black.


And the only reason why black folks even listen to this dude is because of many of us are so bad and uneducated with money that we hate the things that can actually help us if trained to use them correctly.


Blacks people have been poorly trained on how to finance items, use credit cards and get students loans the right way.
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That's not factual. He is okay to follow if you can take out a 120K loan right this moment... That isnt exclusive to race....
 
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Also, he is right... $600 to $1400 doesn't do shyt, for me in the bay area. That's why I immediately attempt to flip any stimulus check i receive as oppose to using it to "survive"...
 
Mr Hate Coffee

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benjamin said:
Nah, breh has given good financial advice before but he deserves to catch hands for this comment right here :stopitslime:...y'all gotta stop claiming someone is ALL bad because they say something stupid ...like a nikka saying a bytch ugly because she turned him down
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facts. Dave Ramsey the reason I got an 800+ credit score right now. Can’t front on him. This was a bad take tho
 
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AAKing23 said:
One thing that put fear into my heart is going to college and going in debt for a degree that ends up being worthless and spiraling into a mountain of debt with nothing to show for it.

I decided that the most important thing to me was not ending up in that situation by any means and went to community & technical colleges to get a skill. I planned out my worst case scenario being that I end up getting an associate's degree that took me two years and no one hires me but I'm at least not in any debt plus I have savings vs. I go to a university and take out loans for a degree that no one hires me for and I have to pay back 20-30k with no savings. The choice was clear at that point of which situation I would rather be in. Unless you're 100% sure about your major and your career choice requires it, don't take out loans to go to these colleges. And if you do get the minimum education required for your career at the lowest possible cost.


I'd have a panic attack being in that situation you mentioned
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Breh we must be related. Cause I use to do the same thing. My ass would have panic attacks every time I saw how much I owed. I told my parents I got to get a technical degree no matter what cause this debt is ridiculous.
 
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