What does Jow Forums think of Dave Ramsey?

What does Jow Forums think of Dave Ramsey?

His advice is basically
>pay off debts
>drive a beater car
>never use credit cards

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understand that dave ramsey's advice is finance 101 for fucking mouth breathers.

his audience are people who thought taking 30k in credit card debt to go to vegas for their honeymoon in the corvette they make 900/month payments on from their 30k/year job is a good idea. These are fucking morons with no common finance sense who need to be steered into being normal functional human beings.

These people need his oversimplified hatred of debt and obsessive frugality. For healthy people who know this shit innately, they can start to look at beneficial debt and responsible credit card use. But then you've graduated past Dave Ramsey's school of common sense shit.

dumb as fuck
> drive a beater car - because you can hit people if you need to

I don't believe that is approach to debt is very useful, but considering his audience, I understand why he talks about it like it will kill you.

Also, I don't find his auto buying advice particularly helpful for anyone, even poorniggers. If you have a POS car and it breaks down, what do you do? Buy an $800 pontiac from the 90's that will proceed to break in 2 months?

Accurate

His advice is great if you're a normie brainlet who doesn't write a budget, gets in debt, and spends money as soon as it hits your account
But if you're not a retard and have at least a Jow Forums level of thrift, you won't need anything he says; but for maybe the entertainment value of listening to true retards call in and ask about their retarded financial decisions.

Also he MUST be some kind of shill for mutual funds, because he keeps preaching that if you 'hurr, get a good 1 w/ a good fund maneger u can get 11-12% return each year'
Which is just undeniably unbelievably flatout wrong.

>beneficial debt

Amerifats ladies and gentlemen

>>pay off debts
>>drive a beater car
>>never use credit cards
based and antijewpilled

This.
Right, it's not like businesses use debt all the time to make shit tons of money or anything.

Forgot about this, he surely shills mutual funds that return nowhere near 11% p/a. Does he ever mention specific funds or managers or companies by name?

>what is leverage

>Doesn't even broach the subject of leveraged investing
>Doesnt talk about fake it till you make it
>Doesn't mention it's not what you know it's who you know
>Explicitly advocating for risking your own finances when investing instead of other people's

Unironically preparing sheep for the slaughter.

yeah, i dont get the car thing. from highschool to almost 10 years after i drove a few used cars that would give me shit atleast once a month. nickle and dime me to death, and your shit doesnt work. gotta have wheels in life.

i said fuck it all and bought a new silverado off the dealer lot for 19k. that was 9 years ago, no issues at all and the only thing ive had to do was buy tires.

>t. Clueless NEET

Do you plan to pay for a house in cash or what

Also this, cheap used cars are not worth the fucking hassle

you are an unironic retard. i know a few people who've used home equity loans to start successful businesses.

what do you mean by beneficial debt?

>Do you plan to pay for a house in cash or what

Yes you autistic retard and I already did

debt used to make money

financing a $80k sports car = retard debt

financing a business = beneficial

Those moments when owing someone else money is a good thing. It's called being a good little goy

>Thinks taking a 3.5% mortgage on a duplex and grossing 20% annually on your total cost is a bad idea.

No wonder America is so far ahead of everyone.

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Do you know what's more beneficial than financing a business with debt:? Financing a business with money you already have

Sure you did, neet

>Taking out a loan to be a slumlord

Real estate is the industry of brainlets with no skills

>He's risking his own money rather than Jew money for his business

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debt like buying a house isnt necessarily bad. debt like buying bullshit at the mall on your cc is. one debt is needed to improve your future self. one debt is an anchor to your future self.

that said i too bought my first house with cash. it was seriously an amazing cheat in life. but now im on my second place which has a mortgage, the first loan of my life, but its fine as i can easily afford it and its only a 10 year at 3% fixed.

Do you actually think that's how it works or are you actually this dumb?

hahah not really retard, especially if you're incorporated. plus you have no concept of the time-value of money. if it takes you 10 years to save enough, you should've just got a loan

this is how i started my business. felt good man. but after a few years in, got a line of credit from the bank for 6 figures and holy shit did my company grow. if i had only done that earlier. used it for about 5 years, keeping it as loaded as possible, and now i dont even use it. but make no mistake, that boost was amazing.

if you're starting a business and immediately take a loan to do so, youre an idiot as most fail.

This is hilarious coming from a loser who doesn't have a business.

i actually do hahaha

Cool LARP. Now tell more about your business loan while actual business people start small and are never enslaved by a Jew

if you think saving your money for 10 years is a good way to start a business you've already outed yourself as a retard

Nice strawman.

lol im a cpa. i didn't start the business but i own it now

child porn addict is not a business

>i didn't start the business but i own it now
so the guy who inherited a business is advising people to take loans on a business. Again, literally admitting you have no experience in actual creation.

FUCK YOU DAVE YOU BRAINWASHED MY PARENTS

dunno all that advice is complete trash

always use CC crew so a major corporation takes my liability of purchase, not me, plus 1% cash back

use debt and leverage as much as possible otherwise you will literally never make it, this guy is a retard for giving advice like this, sure, good advice for a high schooler but if you wanna play with the big boys and make real money leverage is critical

and he will always drive a beater care because of the above

Finding a decent used car just involves more work than a cursory craigslist search.
Bring a mechanic to inspect it before buying. Do some research on reliability.
Find old people that took immaculate care of their cars to purchase from.

Plus, a few repairs a year at worst are still cheaper than 150-500 dollars a month for car payments, insurance, etc.
>t. poorfag with a japanese car from 1989

you haven't said anything true this whole thread. cope!

yeah but you literally have money and you are in debt

You don't own a Business. You own a job, know the difference. lol

Eat beans and rice. Okay Dave. lol

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This, focusing all of your efforts on saving a few shekels every month will lead nowhere. As opposed to focusing your efforts on making more money/starting your own business.

Less competition for us high IQ people I guess

Good points user, I can personally speak for the third one

> t. bought a 1998 honda del sol for the wife in 2011 w/ 22k miles from a senior citizen couple

It's good advice for normie office drones like me who don't wanna start a business. But I see your point and agree.

spend less than you make
it's really not that hard

other people's money. learn to risk management, brainlet

as someone from the EU whose parents/relatives have always taught to run away from all forms of debt I goddamn wish we had something like credit score, easiness to get a loan and such...

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Don’t agree with anything he says but tell everyone he gives great advice.