And what a coincidence that all the programs and charities he wants you to give the spare change you end up saving to are ones that he gets a cut of the proceeds from. Guy is a fucking asshole of the highest order.
Put all your money in a mutual fund and by the way here are the sponsors of my program through no coincidence Mutual Funds R Us. He never even talks about expense ratios or ETFs because of expense ratios and it's pretty obvious why.
Like, won't even address leverage as a means of wealth generation because all debt is bad. Full stop. Doesn't talk about the difference between good debt and bad debt at all. Idiocy. Doesn't address the benefits of credit because who should have to apply for a loan when you shouldn't owe anyone anything? Credit cards? Nope. Benefits don't outweigh the costs even if you can be disciplined and pay them 100% each month. Take physical cash and put it in envelopes. Fucking srs? What year is it dot gif
It's like 1 step removed from Rand Paul-Libertarianism money talk. CASH ONLY! NO CREDIT CARDS! IT'S YOUR FAULT THAT YOU'RE POOR
I think taking a class on personal finance/financial literacy should be required to graduate high school but shitbag grifters like him would still convince people to follow his lunacy.
And Libertarian think tanks would just buy more education departments and start their indoctrinations at younger ages
On one hand people like my parents have made it to retirement with 0% financial literacy where I've had to teach them a lot as an adult and they're fine because you could be financially stupid at a certain point in American history and not be destitute at retirement. On the other there's people who feel compelled to get educated but the only place that pushes financial literacy in their life is their church and Dave Ramsey is that guy. Need somewhere in between where people can learn the basics without preaching anything really.
I imagine it would have been good for a lot of college bound people to discuss credit cards in HS cc: Student loan thread
I don’t completely understand it, but Beshear remains mildly popular in Eastern Kentucky Appalachia. The demographics and voting habits there are much like West Virginia, and it’s not a stronghold for him by any means, but he continues to tread enough water to win as long as metro Lexington, Louisville, and suburban Cincinnati turn out.
Schiff vs Porter is tough for me. I like both a lot. Would probably vote Porter bc we need her white board in the Senate. I probably overrate Schiff bc of how well he did in the impeachment trials.
Porter in the senate can be a spring board to a run for the executive branch. This country needs someone like her with more power, voice, and influence.
Her social media acumen and unique ability to describe complex issues could combat this imo. I am well aware how stupid this country's populace is. I just think she is exceptional at what she does and is quite likeable.
Maybe I'm telling on myself to an extent when I say this but Schiff just comes across like a Senator to me. Very professional and uppity but you know he's full of shit behind closed doors. Porter seems like my kid's teacher with a heart of gold that got motivated to actually do good for the world. We'd be better off with Porter as a Senator but we'll get Schiff.
Can't these guys just want the children they're molesting to not be corrupted by librul indoctrination? I thought this was America
I'm in the same boat as you. Regardless, I do agree with what others have said in that I like they are announcing ahead of DF signaling she's retiring. It is high past time she leaves the Senate and every day she stays is a disservice to CA and the nation.
“It is an infantile superstition of the human spirit that virginity would be thought a virtue and not the barrier that separates ignorance from knowledge.” – Voltaire
Let’s say someone read his book and generally tries to avoid debt. If that person has a mortgage, car payment, and school loan are they dumb as shit or should they take out more loans to prove their intelligence?
Dave Ramsey advice dumb doesn’t equal add debt no matter what FOH If someone in that scenario paid off the student loans and car payment and then continued debt waterfalling their mortgage that has a fixed rate signed in the rate friendly environment rather than investing that extra income that would be dumb as shit. But like I said, if you’re not smart enough to comprehend TVM and average market returns, Dave Ramsey is great advice.
Tommy Jefferson needs to pay a grifter to learn how to manage money Stay tuned for his next class to really unlock the secrets of gaining wealth!
The person I described was me, SURPRISE! There are always discussions about student loans in particular being predatory and kids should get better financial education in high school. I also was a victim to that lack of education. I bought his book shortly after finishing college, so yea I did give him a few bucks. With that said, I think it was money well spent because at that point in life I needed some guidance how how to start working through my debt. Even at the time I saw some of things he was suggesting as bullshit, but I still took away some good things. To this day I’m cautious with taking on more debt, and put a lot into retirement. Maybe I am one of the idiots you’re describing but at least I have a credit card.
TBH I'm mostly just giving you a hard time. The lack of financial literacy even some college grads have is astounding. I had a buddy who took out tons of additional student loans to buy stupid as fuck things, like gaming consoles and girlfriend gifts. He graduated with a BA in History with $110k in debt. Also I just think that the dude gives terrible, overly-complicated advice when really it should boil down to "don't overleverage yourself with toxic credit card debt" and "having a $600/mo car payment is fucking dumb, you idiot". But he can't make $ that way, need to keep selling the next thing. I have a few pretty well off friends who know better but hang on this dudes every podcast word and their life kind of sucks because of it. Like they dont do anything social all in order to squirrel away more money, but Ramsey classes.... ALL IN!
Some of Dave’s advice is very useful and easy to comprehend. Nothing wrong with avoiding debt IMO. I only recently realized that the main reason so many houses in my neighborhood have relatively new fancy F150s parked out front is because they could get like a 84 month term with low interest until a year ago.
dave ramsey is decent advice if you're trying to teach an ape finance eventually you need to progress by it
If you go out to eat when you haven’t paid off all non-mortgage debt then you’re a piece of shit I’m sorry I don’t make the rules Uncle Dave does.
Capitalism is about extracting wealth from others. Leveraging is a tool that allows those with capital and good credit to do that on a larger scale. It's not enough to use available capital, we're all just fine allowing debt to be used to extract wealth (usually from the working and middle class) 5x more efficiently. Worse part is that debt isn't considered income. If you stay leveraged, you can avoid paying the taxes that support the little bit of social safety net available in this country. I'm all for building generation wealth, but this mechanism is a perfect example of how greed wrecks capitalism and not having a strong social safety net is immoral.