/biz/ - Business & Finance

[Anonymous No.14746475]

How based is Dave Ramsey? I’m on baby step #2

[Anonymous No.14746540]

>>14746475
His way is for normies trying to play it safe.

[Anonymous No.14746578]

>>14746540
The average normie doesn’t even own property. His advice is for people who want to escape jewish usury.

[Anonymous No.14747015]

*tink tink* ahem:
FUCK LOANS
FUCK CREDIT CARDS
FUCK PAYDAY LOANS
FUCK REVERSE MORTGAGES
FUCK DEBT

BUT MOST OF ALL

FUCK JANNIES
Thank you, that is all.

[Anonymous No.14747046]

>>14746475
He has good plans for getting out and staying out of bad debt. His investing advice is for pussies though.

[Anonymous No.14747060]

>>14747046
This. If you're in debt use his steps. For investing IGNORE.

[Anonymous No.14747101]

His advice is for the meek and fiscally irresponsible. Live a mediocre wageslave life and live a tiny bit better by understanding the high cost of not respecting delayed gratification. But make no mistake, you'll never be anything more than a soccermom wageslave with a few more sheckles in your pocketbook.

Ironically, niggers are the ones who most benefit from his teachings.

[Anonymous No.14747145]

>>14747046
What's his investing advice?
Watched some of his vids but I already do the stuff he talks about to stay put of debt.

[Anonymous No.14747266]

Already done baby step 3, but im investing in crypto now, not IRA or mutual funds, i dont even live in america.

[Anonymous No.14747320]

>>14747145
Mutual funds, 401k and Roth IRA... aka barely making more money than inflation after trading management fees.

[Anonymous No.14747573]

>>14747101
There’s a shitload of millionaires that call in to talk. Listen to the podcast, the youtube videos are just the retard highlights that get clickbait. I’m not a Ramsey shill, but I respect his methods. I disagree with his views on gold, for example.

[Anonymous No.14747724]

>>14746475
Fairly based, but his advice on paying your debts in a snowball format only applies to the lowest common denominator. If you have a shred of self contr and an iq higher than room temperature, pay the highest interest loans first.

[Anonymous No.14747792]

>>14746475
Brainlet DunnigKroger poster child
>Save up and pay off your car in cash
>You cannot outperform a 1.9% loan goy

[Anonymous No.14747986]

>>14747320
So what would be a better way to invest in your opinion ?
>inb4 crypto
I only have some money invested in sp500 on vanguard. I can save but how little about investing

[Anonymous No.14748632]

>>14747320
So what is the Chad way of investing other than gambling on shitcoins?

[Anonymous No.14749007]

>>14747986
Crypto is a bizarre outlier and we don't know how many more years you'll be able to get these huge returns. I don't see this going on for another 20 years. Let's ignore this for now.

There's really no path to wealth that involves you working your job, jobs are a very safe and consistent form of cashflow. But nobody has ever worked their way into becoming a billionaire... what you need to be is an entrepreneur. However that path requires you to do a ton of self studying, figuring out your strengths and adding value to the world. It's not as simple as signing up for college and handing out resumes. You can't just do the job you do now and throw $100 at some project until it blows up. You must become a capitalist to leave the workers behind.


>>14747573
A. They're people that are either mutual fund managers or heavily invested in their business, the fees charged by them is VERY lucrative and since most people don't read their financial documents, have no idea how much they're shelling out. Many times hundreds of thousands of USD over the life of the investments.

B. They were already born rich, and 2 to 3% gains a year really racks up when you have $50 million to put in.

C. These are people that live miserable miserly lives, not taking ANY pleasure or luxury in their youth for 35 or 40 years so they can retire a little earlier and enjoy their money when they're old and destroyed. The majority of these wealthy ex-extreme cheapskates tend to be women since the men worked themselves into an early grave.

[Anonymous No.14749058]

>>14749007
Forgot the image, there is no magic wand. You must eventually quit your job, and 80% of self-made pentamillionaires failed on 6 ventures in their lives.

[Anonymous No.14749968]

Did he get rich by working hard as a wagie and investing for 8% returns like he tells you to do?

That's everything you need to know about him.

[Anonymous No.14750234]

>>14746475
His way will make sure you are never poor, and guarantee you will never be truly wealthy

[Anonymous No.14750249]

>>14749968
this

[Anonymous No.14751080]

>>14748632
TQQQ

[Anonymous No.14751643]

>>14749007
Thanks for replying. I am retarded with crypto and got pajeeted but I did make a grand off of just 40 bucks in bitcoin when it hit 20k, I was just messing around and found this board and threw money at it for fun. I sold and took profit but just kind got burned so moved on.
Not looking to become billionaire status but at least make a million idk I just want a house and to be left alone. I'm a hard wired wagie so I get comfy in a job.
I'm actively trying to learn reselling rn, and see if I can build up an income off of that. Found a niche i like and refining my skills. Been successful so far and am just building up inventory. Thanks for the tips, any particular tips on particular assets/investments?

[Anonymous No.14752307]

As a college student, This month I saved up 7000 to finish my 6 month emergency fund. In my budget I still have money to start putting into my Roth IRA and saving up for college. Pretty happy that there is some padding now in case shit happens. So that means I’m in baby step 3, and now starting 4/5 i believe later this month.

[Anonymous No.14753106]

>>14751643
>Not looking to become billionaire status but at least make a million idk I just want a house and to be left alone. I'm a hard wired wagie so I get comfy in a job.
Same. I’m an airline pilot, and I love my job so I plan on being a wagie until I’m in my mid 50s. My plan is to have multiple rentals to serve as passive income ($7k/mo) so I can live comfortably and go on cruises n sheeeit for an early retirement.
>>14752307
based

[Anonymous No.14753143]

itt: cuckolds

[Anonymous No.14753285]

>>14747060
Good point, I’m following his debt advice though because I was an eager retard and bought a house on a 30 year FHA. Also have put about $20k of upgrades on credit into the house. Thankfully it’s all 0% apr (except house) so I can snowball it down.
Investing, I stick to VTSAX, matched 401(k), gold and silver.
>>14747101
>Ironically, niggers are the ones who most benefit from his teachings.
I have noticed this. He has a nigger co host and most of his website ads show coons.
>>14749007
His advice on buying appreciating assets over depreciating assets is sound. I was going to finance a new truck, but I changed my mind after I saw myself calling in to the show and getting bullied by a boomer.

[Anonymous No.14754119]

What is the best alternative to mutual funds? He makes them sound so good but they sound like a ripoff in and of themselves.

[Anonymous No.14754342]

>>14754119
index funds