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Dave Ramsey

Beantown

Beantown

Well-Known Member
Anyone listen to him? Read his books? Do his debt free program?

Ive just started listening to his show when I go running. Most the stuff he says isn't groundbreaking but it does give good ideas and keep you focused on making good decisions.

Interested on what others think of him.
 
Not me, but a good friend at work used his debt free program when he was engaged and then married. He and his wife paid off a **** ton of debt in just a few years and now own a modest house that they're fixing up. His wife just left work a few months ago to be a SAHM, but there have been no announcements of a pregnancy yet.

It really seemed to work for him.
 
How can you be a Stay-at-home-MOM without kids?

I really like how Dave helps people help themselves. It is great that he lets people come on his show to tell how much debt they got themselves out of and to celebrate being debt free.

Favorite quotes of his:

"Debt is dumb, cash is king, and the paid off home mortgage has taken the place of the BMW as the status symbol of choice!"

"You will NEVER out earn stupidity and a lack of discipline."

"Employees will tolerate a boss, but will follow a leader."

"Don't listen to your broke friends financial advice. They're broke. They're plan isn't working."

"Work is a surefire money-making scheme."

"If you want something you've never had, you'll have to do something you've never done."
 
I have listened to some Dave Ramsey, but not a lot. What I've heard seems pretty sound. He hits the "no consumer debt" aspect very hard, which is good because in my opinion that's the #1 best financial advice there is.
 
Consumer debt is one of the dumbest things a person can do, in my opinion. The only time I ever "finance" something is when they offer "same as cash" options. If I can't pay for it, I won't buy it. It's kind of a novel concept.
 
YB85 said:
Consumer debt is one of the dumbest things a person can do, in my opinion. The only time I ever "finance" something is when they offer "same as cash" options. If I can't pay for it, I won't buy it. It's kind of a novel concept.
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Even for cars?
 
Beantown said:
He always talks about buying cars and driving them until they are dead.
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Good advice. My previous car had 300,000+ on it when it died. The one before was 250,000. Take the money you would pay for a loan and bank it. Then again, don't take advice from me because after paying cash for two cars, I'm broke.
 
Another good listen is Clark Howard if you're into this. He's a little more liberal on his debt stance but still valuable. He's got a podcast you can subscribe to which is great for the iPod.
 
I'm gonna rack up all the debt I possibly can, rarely pay more than minimums, if that, and then stick it to the credit companies when I die.
 
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