Under those circumstances I agree.

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Apr 1, 2015
8:34:02am

thecelloguy

Under those circumstances I agree.

I am pretty sure I have heard him give the advice outside of those 3 points though.

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thecelloguy

New username: phageman
Bio page: thecelloguy
Joined: Sep 9, 2010
Last login: Apr 23, 2016
Total posts: 0 (0 FO)

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Messages

Author

Time

I heard Dave Ramsey tell a caller today to not participate in their employee

cheezedawg

3/31/15 10:48pm

Thats nuts

wapiti

3/31/15 10:51pm

His advice is geared towards those in debtors prison. His tactics are extreme

TrueAndBlue

3/31/15 10:55pm

Yes. Ramsey to get out of debt. Then Clark Howard for living frugally/well

runnincoug

3/31/15 11:11pm

Yeah - all the mutual funds he tells people to buy *never* go down

Jersey hunter

4/1/15 9:13am

Ramsey's advice is targeted for financial incompetents and poor decision makers

3/31/15 11:00pm

But this advice is a poor decision

workindev

4/1/15 6:11am

Comment is spot on, but I think 98.5% of the population fits this bill

AzCoug1

4/1/15 7:16am

His advice should be to sell right away when you actually get the shares

cougarnerd

3/31/15 11:14pm

I think you need to hold for 12 months to avoid capital gains

Downtown

3/31/15 11:15pm

You don't avoid capital gains, but you do get the lower long-term rate

Mikey

3/31/15 11:18pm

Not capital gains - you avoid paying income tax on the gains

TrueAndBlue

3/31/15 11:20pm

Right, that's what I meant...thanks

Downtown

3/31/15 11:21pm

Only if you use the stocks to pay tithing.

grosven

4/1/15 2:49am

This discount you receive when you purchase the shares is taxable income even if

workindev

4/1/15 6:12am

^^^^^^^this. ESPP shares are a GREAT deal. Generally speaking your money is at

Acorn

4/1/15 7:25am

Well, the amount of income vs gain/loss depends on if its a qualifying or

cheezedawg

4/1/15 9:06am

The advice about paying extra for your mortgage is foolish

thecelloguy

4/1/15 6:01am

Huh? Paying one months extra a year on a $250k home at 4% on a 30 year loan

Bert609

4/1/15 6:57am

I don't think you read my post

thecelloguy

4/1/15 7:01am

You are missing a key part of the analysis

workindev

4/1/15 7:16am

Paying off your mortgage is only wise if you can't find something that gets

Jersey hunter

4/1/15 9:20am

That's right in line with what Dave Ramsey suggests.

db59840

4/30/15 1:09pm

I totally disagree. His advice (in context) is sound

AzCoug1

4/1/15 7:29am

Under those circumstances I agree.

thecelloguy

4/1/15 8:34am

Dave Ramsey's advice plays on emotions

Acorn

4/1/15 7:39am

more like dave scamsey...ammiright???

thebruce

4/1/15 8:09am

I just can't get into his show at all.

neopolitech

4/1/15 1:21pm

I don't have any experience with stock purchase plans. What are they? I've

db59840

4/30/15 1:07pm

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