Community Chat

[Lipstickdiva]

I'm not a fan nor a disliker of Dave Ramsey.

I know there is a lot of criticism about Suze Orman too who has also done very well for herself.

[SnowPink]

On 1/22/2015 tansy said:

If you have a $1000 department store CC balance (18-21% interest), it's foolish to put money towards an emergency account, rather than paying off that balance.

What happens when the day after you pay off that credit card, you have an emergency that you need money for? You can't really use your store department credit card to pay for it...

It just makes sense to have a little cash (in the bank or otherwise) to have aside just for the little unexpected things that come up.

[SnowPink]

I don't care if you like or don't like HIM. His Baby Steps make sense.

[SnowPink]

On 1/22/2015 SoftRaindrops said:

Is this the dude who has some kind of University you can pay him to attend making him a rich dude?

I believe it's $100 a couple for NINE sessions and that includes all the books. He gives away Financial Peace University and books all the time on his radio show. Yes, he makes money --- he's an entrepreneur -- but he also gives like crazy.

[croemer]

On 1/22/2015 Irshgrl31201 said:

On 1/22/2015 dooBdoo said:

I'm not a fan of Dave Ramsey. Without detailing all the reasons, I'd suggest internet searches for criticism of his advice, who he targets and how he makes some of the money. I'll add that a friend of mine knows him personally, so I have a different perspective which sheds more light on the person behind the façade. At any rate, I've learned from previous discussions here: people who are his fans are not especially interested in other views on the subject, so it's a wee bit fruitless to argue. If we don't support him, we're told we're anti-Christian, anti-financial success, etc., and frankly that's just not true (about me, anyway). I'm not into "google wars" today, dealing with a migraine which might be getting the best of me. I hope everyone has success with their choices.

I disagree. Any one who has reached any type of success you could do a internet search for some type of criticism. There are things he says that I don't agree with all, one is use of only debit cards. Debit cards simply don't have the same protections as credit cards do and until they pass a bill that has been proposed, I don't plan to. My husband is in Wealth Management and deals in some of the same type of fields of expertise that Dave has and for two yrs worked on 3 charitable projects with him at his previous company before I met him. I first heard of Dave through my husband and 2 of my husbands coworkers who worked with him in TN. They only have nice things to say about him. I don't care if people don't like him or if they are devil worshipers. I am an Atheist, so Christian or anti Christian means really nothing to me. I don't mind if others have different views. but when you call someone money hungry or money grubbing you do seem anti success. I was speaking to one particular comment in which he has been proven right by studies for people who have a difficult time getting out of debt for one reason or the other. Of course there are many ways to obtain a debt free status and many people that can help with that. When posters here respond with "for people who are stupid enough to go into debt" and "money hungry" that will get like responses. It is not that people (or should I say me) mind views that differ from mine, it is the way you present those views. I am very open to different views and have changed my mind about things I wouldn't thought I would be by ideas presented on this board.

Also, I want to say I am sorry to hear you are having troubles with migraines. I have personally never suffered from them but I do have a niece that does. I know hers were so bad that she contemplated suicide. She was in horrible pain. She has tried many many many different meds but she is having great luck with oxygen therapy. I thought I would mention that in case it is something that maybe you haven't heard of.

I have chronic migraines...I can sympathize.

[RoughDraft]

What's everyone arguing about anyway?

We started out with bupkis, worked hard, did without in the beginning, lived within our means, got better jobs, saved, utilized my husband's GI bill to help buy a home, amortized our mortgage payments and paid off the house in one-half the time. All the time saving, researching and investing...even during unexpected setbacks (which happen to almost every living being). We pay off our credit card debts in 30 days and never have to worry about interest accruing on them. We also have a cash cushion should we need it, because frequently cash "talks" when buying goods or services. It's not rocket science and fortunately for us, we were born with common sense and did this all before I ever heard of Dave Ramsey. If his system works for some of you, that's great. Whatever floats your boat.

Unfortunately, for some it doesn't "take." We know people who started out exactly like us and for some reason they just don't get it. They use credit cards like they're playing Black Jack, using one to pay off the other and no matter how many times they "catch up," they slide right back down again.

And please don't confuse what I'm saying here in regard to people who suffer catastrophic events in their lives. That's an entirely different story.

[croemer]

We did the same RD.

[millieshops]

Like Ramsey, I dislike debt. I wouldn't do my finances Dave's way, but I can't say he's wrong because his way works for so very many people. Money is as much about personality and character as it is about the math.

Yes, there's a math that saves the most money fastest, but some personalities are more successful in the long run with a different plan. The math is useless if you keep falling by the wayside.

[Kalli]

People need to use what works for them. It's not the same for everyone. If someone has a plan that's working for them, that's fine.

We don't have a savings account. Never have, never will.

We utilize debt to make us money.

We have an emergency fund but when it gets to a certain level, we put it toward something else and build it back up again.

I'm not very familiar with Dave Ramsey. I do enjoy watching Suze Orman once in a while.

-Kalli

[SnowPink]

On 1/22/2015 Kalli said:

People need to use what works for them. It's not the same for everyone. If someone has a plan that's working for them, that's fine.

We don't have a savings account. Never have, never will.

We utilize debt to make us money.

We have an emergency fund but when it gets to a certain level, we put it toward something else and build it back up again.

I'm not very familiar with Dave Ramsey. I do enjoy watching Suze Orman once in a while.

-Kalli

Could you explain that more? Real estate?