Dave Ramsey....

[eddiehaskell]

that dude parlayed common sense financial advice into an empire. he's the og that all the modern financial gurus have tried to emulate...some advises the opposite to get attention

[ThatGuy950]

[Aleister_White]

rices and beans

beans and rice

the only time you will go to a restaurant is if you work there

[eddiehaskell]

rices and beans

beans and rice

the only time you will go to a restaurant is if you work there

or if you have a good coupon

[IAMBEE]

He's better than he deserves.

[DolphinPilot]

I still can't get over "don't use credit cards, even if you pay it off each month and they give you rewards. It's not worth it"

Just a stubborn dumbass boomer.

[ThatGuy950]

I still can't get over "don't use credit cards, even if you pay it off each month and they give you rewards. It's not worth it"

Just a stubborn dumbass boomer.

Dave said he wouldn’t take a zero interest billion dollar loan

[tripod29]

Make sure to preorder the latest book from boomer Dave's personalities. Also, don't forget to reserve your spot on the Boomer Dave's cruise. Boomer Dave!

[OffwhiteBrah]

Op's networth $4
D.R networth $250M

gtfoh slave

[Jasonw1178]

He's just one of those "cash is king" guru's. It's not bad advise, it's just maybe not the best for everyone.

Not wrong though.

I still can't get over "don't use credit cards, even if you pay it off each month and they give you rewards. It's not worth it"

Just a stubborn dumbass boomer.

He says that because a lot of people get fukd up doing that. Something happens and they can't pay off the balance or something.

[eddiehaskell]

He's just one of those "cash is king" guru's. It's not bad advise, it's just maybe not the best for everyone.



Not wrong though.



He says that because a lot of people get fukd up doing that. Something happens and they can't pay off the balance or something.

i think a lot of people are jealous that he cashed in on common sense knowledge that actually works for the vast majority of people. and a lot of people aren't going to like it considering our economy is largely based on people consuming and taking on debt

[DolphinPilot]

He says that because a lot of people get fukd up doing that. Something happens and they can't pay off the balance or something.

No he explicitly said even if you're careful and don't fuk around with it, it's still a bad deal. His argument against cash back cards was basically "you're not saving money by spending more!" Alright but what if I'm not spending more? His advice was all-encompassing; he never said frugal, financially savvy people can still use credit cards, rather nobody should use them.

[eddiehaskell]

No he explicitly said even if you're careful and don't fuk around with it, it's still a bad deal. His argument against cash back cards was basically "you're not saving money by spending more!" Alright but what if I'm not spending more? His advice was all-encompassing; he never said frugal, financially savvy people can still use credit cards, rather nobody should use them.

he could be right because he's got to give simple advice to hundreds of millions that are psychologically more likely to spend more when it's card vs cash. that takes out one more variable

[davik]

blows my mind how such simple advice made him 200 millions

[TheScapeGOAT]

I still can't get over "don't use credit cards, even if you pay it off each month and they give you rewards. It's not worth it"

Just a stubborn dumbass boomer.

The idea isn’t interest, it’s that you will buy more using a CC than cash. Probably true for some people.

He just doesn’t understand that some people have financial self-control. That advice is good for those that need him.

[DolphinPilot]

he could be right because he's got to give simple advice to hundreds of millions that are psychologically more likely to spend more when it's card vs cash. that takes out one more variable

once again his advice was "no credit cards under any circumstances" i.e. even if you have good self-control on purchasing.

[eddiehaskell]

The idea isn’t interest, it’s that you will buy more using a CC than cash. Probably true for some people.

He just doesn’t understand that some people have financial self-control. That advice is good for those that need him.

the majority probably don't...and that's why they would be seeking him out in the first place. make the advice simple and work 100% of the time.

[eddiehaskell]

once again his advice was "no credit cards under any circumstances" i.e. even if you have good self-control on purchasing.

probably so you're guaranteed to stay with the mindset for life...more variables that stray from the 100% works path the more risk/complication of the message.

[BigTimeOperator]

Some see things this way:

The whole reason you're willing to work is so you don't have to eat rice and beans and also expect to be able to drive a nice, newer car and live in a nice place in a nice area and still expect to be able to have a savings account and vacation days a retirement, etc.

If you can't achive this lifestyle with what you have to offer then you just arent going to work at all. Then be homeless.

Being homeless and hungry and poverty and having health care chained to your job aren't good enough motivators to work. Those are neagative motivators; there has to be some positive motivators as well, so you get a new Mustang GT also. and a virgin bride with big plump lips and big boobs, so there.

[BigDeeps01]

Never listened to him but have heard enough people complain about him to know he must be doing something right

Getting out of debt seems like good common sense advice (unless it’s cash flowing mortgage debt ofc)

[eddiehaskell]

Never listened to him but have heard enough people complain about him to know he must be doing something right

Getting out of debt seems like good common sense advice (unless it’s cash flowing mortgage debt ofc)

well he's christian and preaches no debt....that alone will make the zionist upset

[stevebec]

once again his advice was "no credit cards under any circumstances" i.e. even if you have good self-control on purchasing.

Most people don't have nearly as much self control as they think they do. For every person that only puts what they need on the credit card and pays it off each month there's 10 that start out intending to do that but just end up back in debt again.

[eddiehaskell]

Most people don't have nearly as much self control as they think they do. For every person that only puts what they need on the credit card and pays it off each month there's 10 that start out intending to do that but just end up back in debt again.

yeah i'm pretty diciplined with money but if i'm honest with myself i probably spend $50-$100 extra a month using my cards...kinda negates the 1-5% cash back i get.

[helpmee]

once again his advice was "no credit cards under any circumstances" i.e. even if you have good self-control on purchasing.

I think the logic is because zero people have got wealthy by earning points on a credit card
Lots of people have gone broke

[BigTimeOperator]

Bust Out Fraud is when you make payments on your credit enough to get big credit limit increases, then max them all out and just BK it all.