Dave Ramsey goes in on everybody with a payment
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Young_Chitlin
Members Posts: 23,852 ✭✭✭✭✭
https://youtu.be/K1usdOW4RyIComments
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Slept on thread of the year bruh.
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Ether...nothing new but still ether
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Dave Ramsey makes excellent points as always but he's a little too extreme for my liking.
He doesn't believe in any debt or buying anything you can't pay for in cash.
That is not reality he'll have you driving a 20 year jalopy paid for in cash, a small house the size of a couple studio apartments, wearing goodwill clothes, using a flip phone and eating chicken noodle soup every night.
That in my opinion is not living I live more by the motto "everything in moderation." -
Everything he said was spot on but lets be real what the ? good is $5 million when you're 70???? I think I'd rather have that bass boat.
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I wonder how many millionaires he met that didn't go to college or did go to college and paid for it with their dashing good looks
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One other thing to consider who do yall think bought his expensive luxury cars and sports memorabilia I see in the background, but he's telling you to live like a hermit and save money though.
It's a hustle.
Hes says some good stuff but yall should read between the lines as well. -
One other thing to consider who do yall think bought his expensive luxury cars and sports memorabilia I see in the background, but he's telling you to live like a hermit and save money though.
It's a hustle.
Hes says some good stuff but yall should read between the lines as well.
Right, "ITS A CAR! YOU DON'T NEED A 25 THOUSAND DOLLAR CAR..... well... all my cars (PLURAL) cost more than 25 thousand dollars" -
Will Munny wrote: »One other thing to consider who do yall think bought his expensive luxury cars and sports memorabilia I see in the background, but he's telling you to live like a hermit and save money though.
It's a hustle.
Hes says some good stuff but yall should read between the lines as well.
Right, "ITS A CAR! YOU DON'T NEED A 25 THOUSAND DOLLAR CAR..... well... all my cars (PLURAL) cost more than 25 thousand dollars"
Im sure old Dave is paid handsomely by folks who come to his speaking engagements, buy his books/publications, etc. He's hustling people himself.
Who wants to be 70 years old before they can enjoy life realistically; its not a given everyone even lives that long.
I understand his platform of preaching that message of delayed gratification but its good to reward yourself in the process too. -
Damn well let me go re evaluate my plan
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i lol when ? get in debt to own a civic
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I need to make thread about credit.
problem is ....all y'all that say credit is bad is using it wrong.
I just learned something about credit and cash an it was a very costly an stupid mistake.
everything is about perspective -
Finances is all about moderation. Its stupid to make $300 a week and have a $400 car payment cause now you spending 33% of your income on one thing.
But, if you making 1200 a week, a $500 car payment is only 10% of your income on a major expense.
This man makes sense but he talks like his advice is meant for all americans. Its not true. This advice is only for middle income americans. You know how hard it is to save money when you get paid minimum wage and make 1200 a month? You pay for your car, rent, food, and you already in debt.
This is good advice for someone making money and needs help saving. But if you a part of the 70% of said americans who live pay check to pay check, you should be focused on finding a way to raise your income. Easiest way to do that is by going to school. Financial aid helps. If not ? it get a loan. To me, its worth getting student loans if you are in school for IT, somethind medical etc... in other words, do your research and make sure you chose a good diploma and then invest in yourselves. Dont go to school just to go to school. If school aint for you, pick up a trade etc..
But, do not, if your making less then 3k a month, take this dudes advice and think your mistake is not being able to save. -
One other thing to consider who do yall think bought his expensive luxury cars and sports memorabilia I see in the background, but he's telling you to live like a hermit and save money though.
It's a hustle.
Hes says some good stuff but yall should read between the lines as well.
how you know that stuff wasnt given to him?
just food for thought -
Dave Ramsey makes excellent points as always but he's a little too extreme for my liking.
He doesn't believe in any debt or buying anything you can't pay for in cash.
That is not reality he'll have you driving a 20 year jalopy paid for in cash, a small house the size of a couple studio apartments, wearing goodwill clothes, using a flip phone and eating chicken noodle soup every night.
That in my opinion is not living I live more by the motto "everything in moderation."
just want you to know, that we have no issues, just presenting different povs
but this ? here was spot on. I like his ideas, but he does come off one very extreme end of the spectrum
he comes off very black and white when talking about things like paying for school. I mean, imagine if we lived in a country that actually paid your tuition for going to college b/c they've sold you this dream that college is the route you need to go?
Imagine how many people would be off in better situations today.
and lol at people saying "student loans are an investment"..WHO is he talking to that talks like that?
everyone i know considered it a necessary evil. -
lol vintage Dave.. 100
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One other thing to consider who do yall think bought his expensive luxury cars and sports memorabilia I see in the background, but he's telling you to live like a hermit and save money though.
It's a hustle.
Hes says some good stuff but yall should read between the lines as well.
how you know that stuff wasnt given to him?
just food for thought
Doubt all that ish was given to him, but I see what you are trying to say. -
One other thing to consider who do yall think bought his expensive luxury cars and sports memorabilia I see in the background, but he's telling you to live like a hermit and save money though.
It's a hustle.
Hes says some good stuff but yall should read between the lines as well.
how you know that stuff wasnt given to him?
just food for thought
Doubt all that ish was given to him, but I see what you are trying to say.
im willing to bet ALL the memorabilia was given to him
not sure about the cars tho -
Dude used to be one our clients at my last job. I've got a couple of his books. Didn't watch the video, but everyone who I know who knows him says he has some great financial advice.
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Dude used to be one our clients at my last job. I've got a couple of his books. Didn't watch the video, but everyone who I know who knows him says he has some great financial advice.
he does, but he does come off sometimes like a know it all and very condescending to callers
you gotta think, a lot of people are calling b/c they do not know...so why do you have to talk to them like they do? -
There is nothing wrong with having payments on high ticket items. It makes sense in that you aren't depleting your cash. The issue is the ? interest and taxes. We would easily save 1,000's and pay off loans quicker, and easier if we weren't getting kicked in the ? by pencil pushers.
I see nothing wrong with buying new cars if the idea is to keep it until it's no longer usable. A car can be investment if, you keep for a 20 year min or pass it down. The issue is, we get into a perpetual state of wanting the newest ? so, we get into trading cars in and never fully owning. Buy another car after the first is paid off and everything will be all good.
I would love to pay have paid cash for my home but let's get real here. Dude is pandering. -
There is nothing wrong with having payments on high ticket items. It makes sense in that you aren't depleting your cash. The issue is the ? interest and taxes. We would easily save 1,000's and pay off loans quicker, and easier if we weren't getting kicked in the ? by pencil pushers.
I see nothing wrong with buying new cars if the idea is to keep it until it's no longer usable. A car can be investment if, you keep for a 20 year min or pass it down. The issue is, we get into a perpetual state of wanting the newest ? so, we get into trading cars in and never fully owning. Buy another car after the first is paid off and everything will be all good.
I would love to pay have paid cash for my home but let's get real here. Dude is pandering.
agreed, but I also agree that buying a car used when most of the value has gone down is better than buying it smack brand new
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There is nothing wrong with having payments on high ticket items. It makes sense in that you aren't depleting your cash. The issue is the ? interest and taxes. We would easily save 1,000's and pay off loans quicker, and easier if we weren't getting kicked in the ? by pencil pushers.
I see nothing wrong with buying new cars if the idea is to keep it until it's no longer usable. A car can be investment if, you keep for a 20 year min or pass it down. The issue is, we get into a perpetual state of wanting the newest ? so, we get into trading cars in and never fully owning. Buy another car after the first is paid off and everything will be all good.
I would love to pay have paid cash for my home but let's get real here. Dude is pandering.
agreed, but I also agree that buying a car used when most of the value has gone down is better than buying it smack brand new
It depends on how used.
Many new cars are coming with 100,000 mile warranties. Used cars do not. You either are driving on the remainder of the new car warranty, or purchasing an extended warranty. In addition to that most used cars have higher interest rates. In the end Used or new MOST people are paying similar monthly notes. It's all about the value you are getting for that monthly note. Rarely do you find anyone driving a decent car with a note below $400. -
Valid points taken to the extreme.
He has an unrealistic perspective on the construct of credit.
The largest and most profitable companies IN THE WORLD, with revenue in the $100s of Billions; use loans and take out CREDIT to better position themselves and expand their growth potential.
The problem that people have with credit is that they don't know when and how to use it.
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But my biggest complaint with Ramsey's ideology is his draconian perspective regarding delayed gratification.
There is no point living like a hermit for 95% life so you can spend the last 5% as a "millionaire"...
Which isn't guaranteed to happen, anyway.
The purpose of wealth is to better enable you and your family to enjoy life.
You don't sacrifice the end for the sake of the means.
