Dave ramsey math has to be the most ridiculous math of all time

[frankdtank20]

I never understood his appeal. What little I've seen of him is him as a permabull.

[eddiehaskell]

I never understood his appeal. What little I've seen of him is him as a permabull.

he just gives a cut and dry philosophy that is 100% successful if followed. simple, easy to understand, works on a broad scale without any variables. it's like if you had somebody that just wants to hear about finances and crap for 30 minutes...and never think of it again....you tell them something in line with ramsey talk and they'll be fine for life.

[CosmicGate0289]

Bumppp

[propreffered7]

the huge debt people on the ramsey show primarily have student loans. You get a household with 2 advanced degrees and you can easily have 200K in student loans. Then it's just very difficult to climb out of that hole unless you're making a monster income because you basically have to throw 50k a year at it minimum to be done in 5 or 6 years and you're not throwing 50k at debt unless you make 200k a year

your avg. person doesn't have the capital to buy a) car b) college c) home

your median income for a single person is like 30k

if you have capital that's a huge head start. when you make so little it takes a chitload of time to "save" and then even when you do "save" all of your money is gone. so take 5 years to save 5k then spend it all and now youre back to 0

that's huge.. like having a car @ 16 and then getting a job so now you have both capital.. and a car

its a hard cycle to break without help

[r32gojirra]

he just gives a cut and dry philosophy that is 100% successful if followed. simple, easy to understand, works on a broad scale without any variables. it's like if you had somebody that just wants to hear about finances and crap for 30 minutes...and never think of it again....you tell them something in line with ramsey talk and they'll be fine for life.

No, they’ll be poor for life

And their descendants too

[eddiehaskell]

No, they’ll be poor for life

And their descendants too

define poor

[r32gojirra]

define poor

Subsisting on fast food and free hotdogs from your mum and relying on other people to provide for your children

[eddiehaskell]

Subsisting on fast food and free hotdogs from your mum and relying on other people to provide for your children

non answer is non answer

[DaveRamsey]

You make $150k a year? Throw $80k at it.

Fkn rentcels.

[ralphlaurenbrah]

Dude is a boomer advertising to boomers. No fking clue how this moron got famous and rich. He's literally retarded.

[r32gojirra]

non answer is non answer

I gave you the definition and now you’re so butthurt you had to make a thread about it

Lmao

[nutsy54]

I love when people have paid off mortgages tell other people what they should pay for rent or mortgage

So your plan is to ignore advice from people who've actually accomplished something like getting out of debt with a paid-for home, and instead take advice from... people buried in debt?

[Anachron]

So your plan is to ignore advice from people who've actually accomplished something like getting out of debt with a paid-for home, and instead take advice from... people buried in debt?

Interesting how you claim to be financially better off then others, but are unable to provide any details other than net worth.

[nutsy54]

Dude is a boomer advertising to boomers. No fking clue how this moron got famous and rich. He's literally retarded.

He got rich (worth hundreds of $millions) by following his own advice - largely through debt-free real estate investing. How's your plan working out?

[Anachron]

He got rich (worth hundreds of $millions) by following his own advice - largely through debt-free real estate investing. How's your plan working out?

Dave Ramsey filed for bankruptcy after he was caught out being overleveraged.

[nutsy54]

Dave Ramsey filed for bankruptcy after he was caught out being overleveraged.

Yes, he did. That's the well-known foundation for his story, 35 years ago... when he believed excessive debt was the path to wealth. Your example just disproved your debt-loving philosophy. He restarted from nothing, with a debt-free mindset, and has been wildly successful ever since.

[atgbrahsrs]

Yes, he did. That's the well-known foundation for his story, 35 years ago... when he believed excessive debt was the path to wealth. Your example just disproved your debt-loving philosophy. He restarted from nothing, with a debt-free mindset, and has been wildly successful ever since.

Today if you end up in his circumstances you are ****ed for life.

[Anachron]

Yes, he did. That's the well-known foundation for his story, 35 years ago... when he believed excessive debt was the path to wealth. Your example just disproved your debt-loving philosophy. He restarted from nothing, with a debt-free mindset, and has been wildly successful ever since.

Interesting.

Why are you worth only 1.5 million then?

And why are you so scared to share the details that would show everyone just how far behind you ended up?

[nutsy54]

Interesting.

Why are you worth only 1.5 million then?

For the obvious starting reason, I've only been fully debt-free for 4 years, not 35. I also have no interest in real estate ownership, which general has higher returns in the long run (if done right).

Why are you so fixated on my numbers, so you can craft a fictional scenario about what I know is my actual life? You have a theoretical opinion, I have actual experience. By the way - what's your actual experience and net worth following your plan? (Has that already been answered, and I missed it?)

[Anachron]

For the obvious starting reason, I've only been fully debt-free for 4 years, not 35. I also have no interest in real estate ownership, which general has higher returns in the long run (if done right).

Why are you so fixated on my numbers, so you can craft a fictional scenario about what I know is my actual life? You have a theoretical opinion, I have actual experience. By the way - what's your actual experience and net worth following your plan? (Has that already been answered, and I missed it?)

Still don't see any numbers...

But please, if thinking that I have a only a "theoretical opinion", as opposed to your "actual experience", helps you cope with the fact that your plan was not the best plan financially speaking, you are more than welcome to think that.

No skin off my back.

[propreffered7]

I just watched another youtube short from ramsey

Also.. why is even an arbitrary number the barometer for wealth?

Is someone who has the material items he wants, a 500k dollar house and nice car really poorer than someone who just has 1 million cash?

Whats the point of the money if you dont use it

So say some ******* lives like a miser and dies with more money.. is that better than someone who enjoyed life?

I know some of this arbitrary and undefined but still

Now im not saying reusing the $ for more $ is dumb but im just saying..

Its quite possible someone with a nice car and 100k is happier than someone in a chitty car and 100k

[nutsy54]

The point of Dave Ramsey's advice is to get out of debt quickly, so we can enjoy life now while also investing for the future...

I just watched another youtube short from ramsey

Also.. why is even an arbitrary number the barometer for wealth?

Millionaire isn't a destination, it's an easily recognized milestone - which most people have been fooled into believing is impossible to achieve.

Is someone who has the material items he wants, a 500k dollar house and nice car really poorer than someone who just has 1 million cash?

Nope.

Whats the point of the money if you dont use it

So say some ******* lives like a miser and dies with more money.. is that better than someone who enjoyed life?

It's interesting when people argue with points that have nothing to do with Dave's advice. If someone lives like a miser their entire life, just to pile up cash/savings/investments, they're doing it wrong (see my opening statement).