Depends on vesting. I can see where Dave is coming from on this. Most don't stay at a job long enough to be 100%.

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Aug 5, 2017
3:42:41pm

mulletino All-American

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mulletino

Previous username: BYU-Provo
Bio page: mulletino
Joined: Feb 21, 2002
Last login: May 5, 2024
Total posts: 57,880 (12,296 FO)

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Messages

Author

Time

So I don't know much about dave Ramsey but I have friend that raves about him

cougarfann888

8/5/17 3:22pm

There are certain personality/under-educated types that are absolutely horrible with finances.

mulletino

8/5/17 3:24pm

I listen to his show sometimes. It blows me away that there are so many people

Hambone

8/5/17 3:30pm

We are constantly taught in our church to avoid debt,

Mister P

8/5/17 3:58pm

During the recession I rarely saw a credit card app in the mail...2-3 a day now.

Bonoman

8/5/17 5:42pm

2/3 of American adults can't pass a basic financial literacy test.

ag4cougs

8/5/17 3:37pm

I don't disagree. I didn't put a % on the number of people out there that don't have a clue what they're doing.

mulletino

8/5/17 3:39pm

I was not told that there would be math on this test

SJS

8/5/17 4:23pm

He's what half of America needs, but probably not you.

Cougarrr

8/5/17 3:24pm

If you're in a total mess and don't know how to deal with money it's good

v1k0u6

8/5/17 3:27pm

His advice is very good for people with large credit card debt

CougarThug

8/5/17 3:30pm

I don't have credit card debt but 401k match is 100% rate of return first day

cougarfann888

8/5/17 3:41pm

Depends on vesting. I can see where Dave is coming from on this. Most don't stay at a job long enough to be 100%.

mulletino

8/5/17 3:42pm

If you don't have massive credit card debt, then he preaches to the dumbest of..

ToasterChive

8/5/17 3:39pm

Your math is right- but most people and people that need his advice don't follow

RedlandsCoug

8/5/17 3:42pm

That's not what he teaches. But he tries to dumb it down.

SouthernBlueBlood

8/5/17 3:47pm

That was an exact line from the book

cougarfann888

8/5/17 3:56pm

I've heard him discuss this and similar issues. And I'm sure it's just an overview comment. But I've never heard him say

SouthernBlueBlood

8/5/17 3:59pm

You're a smart guy. Just listen to him and apply what makes sense. It's a good

HoustonCougar

8/5/17 3:48pm

Pay smaller debts first, roll payments into larger ones.

delux_247

8/5/17 3:48pm

he spends way too little time discussing the benefits of raising your income.

HarlemCoug

8/5/17 3:52pm

Come on. All you need is to eat rice and beans and you'll pay off that $70K debt in no time on your $40K salary.

mulletino

8/5/17 3:55pm

No Totino's?

TNT

8/5/17 3:57pm

TNT has debt? How?

mulletino

8/5/17 3:58pm

Simple. Huge 600 sq ft cardboard box, a nice computer, and a Geo Metro

TNT

8/5/17 4:00pm

People lend money on wet cardboard and Geo Metros? What a time to be alive!

mulletino

8/5/17 4:07pm

If you listen to his show he talks about that ALL the time

mudpupper

8/5/17 5:16pm

I was forced to listen to him once on a road trip. he never mentioned it. glad to hear that it's a point of emphasis for

HarlemCoug

8/5/17 5:21pm

He provides a plan, which is more than most people have

CocaColaRecovery

8/5/17 3:55pm

what % of his show would you say he discusses the importance of raising your income?

HarlemCoug

8/5/17 4:00pm

RE: what % of his show would you say he discusses the importance of raising your

CocaColaRecovery

8/5/17 4:09pm

He's not a religion. You don't have to follow everything,

Mister P

8/5/17 3:56pm

I think he's generally OK, but he has absolutely no clue about 401k retirement

DumpsterFire

8/5/17 4:29pm

The church's SRS initiative for personal finance will eventually get to Utah

ryebrye

8/5/17 4:47pm

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