Aye fukk Dave Ramsey

[Mike Nasty]

I find his show entertaining, but like others have said, I CANNOT stand the christian bullshyt that's sprinkled in.

furthermore their inability to be the slightest bit flexible for anyone who does not 100% agree with their philosophy.

for instance hardly ANYONE in 2023 can afford a home only with a 15 year (can't have a 30 year) fixed mortgage that take up only 1/4th of your monthly gross pay. I dunno where u even find homes this affordable.

second, their disdain of credit cards is absurd. yes, most people are irresponsible with credit, but there are a number of people who are very responsible with credit. I've never paid a penny in interest and I make a couple thousand each year in free cash back for shyt I'm gonna buy regardless. furthermore, doing shyt like renting cars and hotels are a MAJOR pain in the ass with debit cards. last time I traveled, my hotel double charged me and I called citibank and told them to handle it and washed my hands of it, cuz they issued me a credit immediately.

third, he acts like he's a financial genius and made his money thru real estate, when in fact, like the grifters running rampant on social media, he's made the bulk of his fortune by selling courses, books and doing speaking engagements.

just cuz he has a large following and a shytload of money, let's not get it twisted. and what annoys me most is EVERYONE else on his show just parrots all his talking points on EVERYTHING money related.

My wife listens to clips on FB, and I tell her maybe she should check out some other people. She played a clip about auto loan debt, and Dave and his sidekick were acting people had a choice on whether to take a loan out of not, or could choose their interest rates.

 

[BeeCityRoller]

I'm a fan of Dave because he helped me get my money right before the Pandemic, but he was wrong for cooking one of his co-host personalities live

 

[beenz]

My wife listens to clips on FB, and I tell her maybe she should check out some other people. She played a clip about auto loan debt, and Dave and his sidekick were acting people had a choice on whether to take a loan out of not, or could choose their interest rates.

I saw this video today where jade was advising people to have a ZERO credit score, and that's only making shyt infinitely harder than it has to be.

 

[Mike Nasty]

I saw this video today where jade was advising people to have a ZERO credit score, and that's only making shyt infinitely harder than it has to be.

It's hard to believe an 800 score would fall back to zero if you paid everything off and cancelled your cards Like you said earlier there's no point cause you make money off the CC points. It's great advice that doesn't translate in 2023.

 

[winb83]

His debt snowball is good. The rest of what he says is for people who are completely financially illiterate and lack self control or discipline to keep their spending in line. If you don’t buy stuff you can’t afford you don’t need to listen to what he says.

 

[beenz]

His debt snowball is good. The rest of what he says is for people who are completely financially illiterate and lack self control or discipline to keep their spending in line. If you don’t buy stuff you can’t afford you don’t need to listen to what he says.

I'm fine with the debt snowball. but it doesn't always make mathematical sense. I think u should pay off the debt with the highest interest rate first..

 

[winb83]

I'm fine with the debt snowball. but it doesn't always make mathematical sense. I think u should pay off the debt with the highest interest rate first..

The debt snowball isn't about the math it's about getting visible results as quickly as possible.

 

[the cac mamba]

his advice about not getting a 30 year mortgage is fukkin stupid. if your mortgage payment will be about what you're paying for rent, and you know you'll be there for at least a few years, then you buy the fukkin house. you don't "wait until you can get a 15 year mortgage'

a mortgage doesn't count as debt, because you're either gonna be paying your mortgage, or your landlord's

 

[newarkhiphop]

man's advice dam near saved my life, if I had found out about him when I was a teen I would dam near be a millionaire now

 

[winb83]

his advice about not getting a 30 year mortgage is fukkin stupid. if your mortgage payment will be about what you're paying for rent, and you know you'll be there for at least a few years, then you buy the fukkin house. you don't "wait until you can get a 15 year mortgage'

a mortgage doesn't count as debt, because you're either gonna be paying your mortgage, or your landlord's

Affording a house goes beyond making mortgage payments. It means having money for emergencies and having money for upkeep. A renter doesn't have to really worry about much beyond paying the rent.

 

[UncleTomFord15]

Typical dumb cracker that thinks he's right about everything

 

[Mike Nasty]

Affording a house goes beyond making mortgage payments. It means having money for emergencies and having money for upkeep. A renter doesn't have to really worry about much beyond paying the rent.

But staying in an apartment 15 years to save up to avoid a 30 year mortgage is retarded. I didn't want to stay in that apartment complex one day longer than I needed.

 

[the cac mamba]

Affording a house goes beyond making mortgage payments. It means having money for emergencies and having money for upkeep. A renter doesn't have to really worry about much beyond paying the rent.

but you still have those problems with a 15 year mortgage

his whole thing is not being "in debt" with the mortgage....terrible advice

 

[winb83]

but you still have those problems with a 15 year mortgage

his whole thing is not being "in debt" with the mortgage....terrible advice

If you follow his criteria there you can definitely afford a house though. I would say that advice isn't about maximizing money rather than it is about playing it safe. A paid off house in 15 years offers you a lot more freedom and safety. His advice isn't for people who are good with money. Some people listen to him for entertainment factor but most of the people calling in asking questions aren't in a good financial place and would be better off listening to him because they do dumb stuff with money.

 

[CrimsonTider]

Affording a house goes beyond making mortgage payments. It means having money for emergencies and having money for upkeep. A renter doesn't have to really worry about much beyond paying the rent.

Do you own a house?