Vade
Member
I was reading a post by
Ron Mexico
and it reminded me of one of the big deceptions out there.
Dave Ramsey seems to be the post child for the new age crowd for getting out of debt. I see his books and conferences parroted all over the place. Honestly he reminds me exactly of Suze Orman ,but with a Christian slant.
His ideas of 'debt snowball' meaning you pay off the smallest balances rather than the highest interest rate balances first, his claim that anyone can get an average invested return of 12% annually, his claim that all investments should be in mutual funds, and lastly his thoughts that you should always pay cash for everything and never have a credit card. This border from some common sense to fiscally irresponsible. Honestly I feel he gets away with his snake oil selling of common sense and pie in the sky ideas because he throws out the "Christian" logo.
My personal thoughts on the man is that he selling common sense ; which in this day might actually not be common, and then creating completely unrealistic expectations while profiting on the poor.
What are your thoughts gaf?
Dave Ramsey seems to be the post child for the new age crowd for getting out of debt. I see his books and conferences parroted all over the place. Honestly he reminds me exactly of Suze Orman ,but with a Christian slant.
His ideas of 'debt snowball' meaning you pay off the smallest balances rather than the highest interest rate balances first, his claim that anyone can get an average invested return of 12% annually, his claim that all investments should be in mutual funds, and lastly his thoughts that you should always pay cash for everything and never have a credit card. This border from some common sense to fiscally irresponsible. Honestly I feel he gets away with his snake oil selling of common sense and pie in the sky ideas because he throws out the "Christian" logo.
My personal thoughts on the man is that he selling common sense ; which in this day might actually not be common, and then creating completely unrealistic expectations while profiting on the poor.
What are your thoughts gaf?