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Thread: Dave Ramsey Followers

  1. #1
    sexypersonaltrainer
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    Default Dave Ramsey Followers

    Does anyone else work Dave Ramsey’s plan?
    I can’t stomach listening to his radio show, but I’m working on my financial fitness, so I started going back to his groups to hold myself accountable.
    Last edited by sexypersonaltrainer; 02-03-2020 at 01:54 AM.

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  3. #2
    God/dess laurielegs's Avatar
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    Default Re: Dave Ramsey Followers

    I don't agree with everything he says (for instance in some cities you are screwed trying to rent or buy a house without a credit rating) but I do follow a lot of his advice.


  4. #3
    sexypersonaltrainer
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    Default Re: Dave Ramsey Followers

    Quote Originally Posted by laurielegs View Post
    I don't agree with everything he says (for instance in some cities you are screwed trying to rent or buy a house without a credit rating) but I do follow a lot of his advice.
    He’s an extreme personality. I just listen to the basics of his financial advice. His irregular income spending plan is helpful for dancers.

    i was listening to Suze Orman, but her audience is more for middle and upper class women and the men that are smart enough to listen. I love her show, but I don’t get a lot of practical information from her.

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  6. #4
    God/dess minniesoporno's Avatar
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    Default Re: Dave Ramsey Followers

    I decided to listen to him while I work

    but I am following the PDF guide from www.choosefi.com

    and blogging to keep myself accountable.
    Stripperweb is closing! Join me over at WeCamgirls

    A part of all you earn is yours to keep. It should be not less than a tenth no matter how little you earn. It can be as much more as you can afford. - Richest Man in Babylon

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  8. #5
    Emanuelle
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    Default Re: Dave Ramsey Followers

    I think it’s a great idea to get into the groups for support. That’s one of the most important things you need when you change your lifestyle. I don’t subscribe to his methods, but it’s great to have people you can talk to who are also excited about their personal finances. In our business we’re surrounded by people who are excited about extravagant spending, and luxurious lifestyles.

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  10. #6
    God/dess whirlerz's Avatar
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    Default Re: Dave Ramsey Followers

    No, Idk who he is..

    "goes to search engines"


    MANY MEN WANTED TO LAY ME DOWN, BUT FEW WANTED TO LIFT ME UP

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  12. #7
    God/dess miss.a.p1600's Avatar
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    Default Re: Dave Ramsey Followers

    He’s a conservative Christian dude who gives basic financial advice. Take it with a grain of salt since he’s giving general advice not everything is going to apply to your personal situation

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  14. #8
    God/dess Zofia's Avatar
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    Default Re: Dave Ramsey Followers

    I did not follow, or even know about him, when I was younger. Now, he doesn't have much to say to me. That said, he offers some useful financial advice.

    My suggestion to young people, say those under 30, is to maximize your 401(k) match, at the least, more if you can afford it. In fact, invest everything you can under thirty. The payoff is huge. Really huge. Like each dollar invested in your 20s is worth $83 when you retire.

    My suggestion to those with debt is divide your debt into two parts: good debt (interest rate 4% or lower or secured by assets that make more money than the debt costs and/or increase in value faster than the interest) and bad debt (interest rate over 4%, secured by assets that are depreciating in value, or unsecured debt.) I suggest paying off bad debt ASAP. Pay all you can while still making at least the minimum investment in your 401(k) to get the employer match. The faster you pay down bad debt, the better.

    Student loans. Keep your student debt to about half what you expect to make in the first year of work outside of college. That is, if you are looking at becoming a school teacher, then the maximum student debt that is safe is about $18,000 for all of college.

    Car loans. Maximum of all things with wheels and motors/engines is 1/2 of your annual income. It is better to pay cash for cars, boats, snowmobiles, motorcycles, riding lawn mowers, and airplanes. (Yeah, I know certain classic cars appreciate in value as do certain older airplanes, but those things cost serious money to maintain and operate.)

    Remember, boats, horses, and airplanes are much cheaper to rent by the hour.

    HTH
    Z

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