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

[nutsy54]

again you're missing the point of the thread

it's great to pay off debt and save money. It's retarded to give goals that are totally impossible. Ramsey routinely gives goals to people that are impossible

NOT impossible. Just difficult and uncomfortable. If you keep doing what you've always done, you'll keep getting what you've always gotten...

[r32gojirra]

Dave Ramsay ***anything*** is the most ridiculous ***anything***

Inb4 rice beans corolla

[CosmicGate0289]

NOT impossible. Just difficult and uncomfortable. If you keep doing what you've always done, you'll keep getting what you've always gotten...

bruh the average person with a 2500 mortgage and 1200 a month just in child care is not living on 30-40k a year

[Anachron]

Dave Ramsay ***anything*** is the most ridiculous ***anything***

Inb4 rice beans corolla

One of these days, miscers will discover Kiyosaki, and that will be what we will hear about all the time.

Just LOL @ low socioeconomic peasants srs.

[Jasonw1178]

Well, that's rather extreme, however, being dept free is a huge advantage.

[tripod29]

Boomer Dave says boomer things. Boomer Dave sales books. Boomer Dave loves Boomer Dave.

[Condo41]

He's teaching concepts and theory not specific math, though he covers it with what looks like specific math

You're right he is constantly ignoring taxes when he works out budgets for people.

[GuineaDago585]

I'll go as far as saying, his advice was good....15 years ago. The problem is, he's still trying to give that same advice in 2024. He seems to be unaware that we're in a completly different economy from when he started his show.

True. He still recommends a $1,000 emergency fund. That chit won’t even buy new tires nowadays.

[Holyfenix]

OP are you retarded?

When you call into Ramsey you are supposed to give him your net income. He bases everything off net income numbers. So if you are living on 150k net, you can absolutely live off 70k and throw 80k at 200k in debt.

You got all this BS from the subreddit crazydave didn't you. A bunch of losers who claim Ramsey's advice isn't sound. It is, but like you its analyzed by a bunch of retards. Pay off your unsecured debt, then set up your 6 month fund, then pay off your secured debt. Live like a king at 50 years old. 30 years of stress free money living sounds pretty good to me. The problem with you and others like you, is you want to eat your cake now when you haven't actually earned it. Its not your fault you aren't rich, its everyone elses....

[Maestro]

Still works fine for the young people I know in their 20s. Still works fine for me in my mid 30s.

Not when he's still preaching that rent should be no more than 40% of your monthly income and that you should save $500 out of every paycheck. There is noone under the age of 35 with the means to do that unless they're getting help from their parents along the way.

[CosmicGate0289]

OP are you retarded?

When you call into Ramsey you are supposed to give him your net income. He bases everything off net income numbers. So if you are living on 150k net, you can absolutely live off 70k and throw 80k at 200k in debt.

You got all this BS from the subreddit crazydave didn't you. A bunch of losers who claim Ramsey's advice isn't sound. It is, but like you its analyzed by a bunch of retards. Pay off your unsecured debt, then set up your 6 month fund, then pay off your secured debt. Live like a king at 50 years old. 30 years of stress free money living sounds pretty good to me. The problem with you and others like you, is you want to eat your cake now when you haven't actually earned it. Its not your fault you aren't rich, its everyone elses....

I like his show a lot and find it wildly entertaining but you're wrong. Everyone calls his show and gives them his gross income


only maybe 20-30% of people give a net income. Dave routinely talks to people who make 100-150K and tells them to throw 50-100k at the debt....100-150K is like 70-110 after taxes dude. That math is ****ing impossible


150K net clear after taxes is like 250k a year. You think that many people make that much who call into the show?

[CosmicGate0289]

Not when he's still preaching that rent should be no more than 40% of your monthly income and that you should save $500 out of every paycheck. There is noone under the age of 35 with the means to do that unless they're getting help from their parents along the way.

40%? he preaches mortgages should be no more than 25% of your take home pay on a 15 year mortgage


the median house right now on a 15 year mortgage is like 4-5,000 a month so you need to make 20k a year after taxes to afford a house. This is 0.5% of young people. More ramsey insanity

[BigDeeps01]

Not when he's still preaching that rent should be no more than 40% of your monthly income and that you should save $500 out of every paycheck. There is noone under the age of 35 with the means to do that unless they're getting help from their parents along the way.

Rent $2000 2 bedroom apartment with three other people, two people per room

$500 a month plus $50 for utilities

Make $18/hr at chipotle or chick fil-a

Congrats you’re now spending under 40% of your monthly net on rent and you can throw $500 into savings

[CosmicGate0289]

Rent $2000 2 bedroom apartment with three other people, two people per room

$500 a month plus $50 for utilities

Make $18/hr at chipotle or chick fil-a

Congrats you’re now spending under 40% of your monthly net on rent and you can throw $500 into savings

he doesn't preach 40% of your income for rent. More like 25% of net take home pay

[Maestro]

Rent $2000 2 bedroom apartment with three other people, two people per room

$500 a month plus $50 for utilities

Make $18/hr at chipotle or chick fil-a

Congrats you’re now spending under 40% of your monthly net on rent and you can throw $500 into savings

1. where are 2be/1ba apartments for 2k/month when 1be/1ba average about $1500?

2. Even if there was a $2k/month apartment available, the cost of rent isn't static. A lot of people get phucked over pretty hard in States with no rent control where the rent can jump as high as 50% every year. You live in an apartment like that and you'll quickly get priced out.

[eddiehaskell]

True. He still recommends a $1,000 emergency fund. That chit won’t even buy new tires nowadays.

i thought he also says something about a 3-6 month living expenses fund

[eddiehaskell]

OP are you retarded?

When you call into Ramsey you are supposed to give him your net income. He bases everything off net income numbers. So if you are living on 150k net, you can absolutely live off 70k and throw 80k at 200k in debt.

You got all this BS from the subreddit crazydave didn't you. A bunch of losers who claim Ramsey's advice isn't sound. It is, but like you it's analyzed by a bunch of retards. Pay off your unsecured debt, then set up your 6 month fund, then pay off your secured debt. Live like a king at 50 years old. 30 years of stress free money living sounds pretty good to me. The problem with you and others like you, is you want to eat your cake now when you haven't actually earned it. It's not your fault you aren't rich, it's everyone elses....

everybody likes to take practical advice and feel like a savant or edgy because their supreme "intellect" knows another way....tik tok is full of their videos. ones i remember are i think grant gordon or some read head dude that also talks about tight jeans and how women can't resist him lol.

[BigDeeps01]

he doesn't preach 40% of your income for rent. More like 25% of net take home pay

I don’t follow Dave or listen to any of his stuff, link to that statement?

1. where are 2be/1ba apartments for 2k/month when 1be/1ba average about $1500?

2. Even if there was a $2k/month apartment available, the cost of rent isn't static. A lot of people get phucked over pretty hard in States with no rent control where the rent can jump as high as 50% every year. You live in an apartment like that and you'll quickly get priced out.

You can find a 2 bedroom 2 bath for $2k a month in probably 99% of the country. Even in the absolutely most expensive markets you may have to go up to $2500 tops

Go look at Dallas, Phoenix, Vegas, Tampa, Orlando, Oklahoma City, st Louis, Nashville, North Carolina, etc and come back and tell me it’s impossible to find a 2 bedroom for $2k

And 50% rent increase in a year? How often does that happen? You’re just trolling with that statement. Industry standard is 3-8%

[Maestro]

i thought he also says something about a 3-6 month living expenses fund

yep he still says that too.

[CosmicGate0289]

I don’t follow Dave or listen to any of his stuff, link to that statement?

I've been watching his videos for years. I'm a big fan as they're wildly entertaining (especially the financial disaster stories). Trust me - he preaches 25% of take home pay

[BigDeeps01]

yep he still says that too.

That’s a reasonable goal that everyone should work towards saving

[CosmicGate0289]

yep he still says that too.

1000 emergency fund while paying off debt


then 3-6 months living expenses after you pay off all debt except mortgage

[BigDeeps01]

I've been watching his videos for years. I'm a big fan as they're wildly entertaining (especially the financial disaster stories). Trust me - he preaches 25% of take home pay

Can you link a recent video or article where he tells people that their RENT should be no more than 25% of take home pay?

[LogicalLifts]

Imagine starting out on Wall Street and sinking 50%+ of your net income into rent.

And then wondering why your path to escape brokecel status takes so long.

SMH at the modern education system and bad parenting, SRS.

[BigDeeps01]

Imagine starting out on Wall Street and sinking 50%+ of your net income into rent.

And then wondering why your path to escape brokecel status takes so long.

SMH at the modern education system and bad parenting, SRS.

I had a roommate for years as a poorcel. I didn’t ditch the roommates until I was making over 300k a year lol

[eddiehaskell]

I don’t follow Dave or listen to any of his stuff, link to that statement?




You can find a 2 bedroom 2 bath for $2k a month in probably 99% of the country. Even in the absolutely most expensive markets you may have to go up to $2500 tops

Go look at Dallas, Phoenix, Vegas, Tampa, Orlando, Oklahoma City, st Louis, Nashville, North Carolina, etc and come back and tell me it’s impossible to find a 2 bedroom for $2k

And 50% rent increase in a year? How often does that happen? You’re just trolling with that statement. Industry standard is 3-8%

can get around $1200 just outside charloote so i imagine the same anywhere in north or south carolina...if you had a roommate that's $600/month. if you make $3k/month that's 1/5 of gross.

[Paul Kreul]

again you're missing the point of the thread


it's great to pay off debt and save money. It's retarded to give goals that are totally impossible. Ramsey routinely gives goals to people that are impossible


nobody is paying off 80k a year at debt unless they're making 250k a year

He doesn’t give goals that are impossible..I listened to him maybe a dozen times, & every show you have multiple people calling in thanking him for his advice as it got them out of debt. So clearly his advice is working otherwise you would not have people constantly writing & calling him giving their testimonies.

[Maestro]

And 50% rent increase in a year? How often does that happen? You’re just trolling with that statement. Industry standard is 3-8%

In States with rent control the industry standard is 3-8% (and no more than 10% in a calendar year). but there are a lot of states without that protection.

I don’t follow Dave or listen to any of his stuff, link to that statement?

You can find a 2 bedroom 2 bath for $2k a month in probably 99% of the country. Even in the absolutely most expensive markets you may have to go up to $2500 tops

Go look at Dallas, Phoenix, Vegas, Tampa, Orlando, Oklahoma City, st Louis, Nashville, North Carolina, etc and come back and tell me it’s impossible to find a 2 bedroom for $2k

I know, this is the part where you say to "just move" but a lot of people in bigger cities are stuck often due to familial obligations and have no choice but to pay high prices they cannot affort. Not to mention just the process of moving somewhere else is expensive even if you're not tied to a specific location for any particular reason:

-gotta save up for a moving van

-gotta find a job, which means driving back and forth to that location to partake in potential multi-round interviews. This can be very daunting especially if you're moving far away

-gotta take time off of work to go to those out of state job interviews because they're most likely going to take place on the weekday during normal business hours

-gotta take time off to pack up, clean up, and move

-all that time off (mentioned above) means less money coming in...money they already don't have because they're getting raped in rent

-moving into a new apartment for most areas often requires first month+last month+security deposit. Another chunk of money people don't exactly have lying around.

-more importantly, you may be unable to move since more and more places are performing credit checks and if you were ever late on a bill or two (due to struggling financially in the first place) your credit score may be too low to even qualify for a new apartment elsewhere. What eventually happens to these people is they're stuck in their apartment, then rent raises the following year (which they cannot afford) and they become the many "functional homeless" that are a growing population in many cities. These are people that have cars and even jobs but the pay at their job is chit or rent is so expensive that they cannot afford a roof over their head so they just live in their car.

[EliteBrah]

well basically hes saying just to live like **** for the next 2 years. live like your completely poor and your debt issue can be solved

[EliteBrah]

If people cared about math, they wouldn't be in debt to begin with...

His advice is about changing personal behavior. Until we do that, no plan will work.

also if he tells ppl to throw 80k a year at debt, he probably assumes they will do half of that at best. He needs to over shoot the target since frivolous spenders tend to stay this way. If he tells them 40k they probably only do 20, ext