What does /biz/ think of Dave Ramsey?

[Anonymous No.16208112]

Newfag here, curious what you guys make of Dave. I've been listening to his podcast for some time now and he's been helpful in getting my finances organized, but what are your thoughts on him, good, bad, or indifferent?

[Anonymous No.16208131]

Literally fucking who

[Anonymous No.16208152]

Indifferent. It's nice that he makes people clean up their act.

[Anonymous No.16208166]

He’s a filthy boomer and encourages people to get out of debt which is anti semitic.

[Anonymous No.16208200]

>>16208112

Ultimately, taking control of your budget and managing every dollar is critical in making sure you have a retirement waiting for you.

I think he shills some mutual funds for investing along with other products.

The big reason why he's so anti credit is that he botched his real estate investing and over leveraged himself. He's also worked with some people that have really sunk themselves in a hole. Basically, he sees credit like another cigarette/drink/shot/etc and giving even just a little to someone who's abused it is a bad idea.

Personally, I think it's fine to work with credit a little bit to maintain a nice, high score. Ideally, you'd use a credit card only on stuff you were already buying in the first place.

Which leads me to my next idea that he is also really opposed to credit cards because people spend on them way more than they do with paper cash. What does 5% back on groceries do if you've spent $40 more? Likewise, people may buy too much house if they're approved for a big mortgage.

[Anonymous No.16208222]

>>16208200

Read up on 'consumer friction', things like long payment forms that you have to fill out or using actual cash in your hand can create a negative feeling in your mind that'll deter you from following through with it.

With everything going touchless for payments now we're enjoying convenience but companies are finding that people will spend more and are less likely to 'abandon' items when they add them to their cart.

[Anonymous No.16208307]

People split hairs with him over the dumbest petty things and he's completely right about that. They dislike him for stupid reasons.

It doesn't fucking matter if the mutual funds are front loaded or not if amerifats don't save any money to begin with
It doesn't matter that your credit card sends you back $100 at the end of the year when you are tens of thousands in the hole because you are a big retard.

I despise him for the fundamental reasons.
The fact that he needs scripture to convince yokels that debt is slavery, and if that doesn't work he resorts to using how much money he has or how many viewers he has instead.
The fact that it's difficult to stifle my vomit as he expounds puritanical work ethic and tells people how much of their life they need to commit to enriching their bosses.
The fact that he seems to think the central goal in a man's life is to man up and provide.

Fuck that bible thumping hillbilly.

[Anonymous No.16209231]

>>16208112

I read his book cover to cover about 7 times while I was digging myself out of debt to escape a job I loathed. I skipped the whole "kids and college' thing because 5ever alone. Never listened to his podcast. The whole religion angle can be ignored if that's not your bag.

That being said, you need different tools to climb a mountain than to get out of a hole. I've moved on.

[Anonymous No.16209419]

He is basic personal finance 101 and his material never progresses beyond that.

Credit is also an extremely effective tool, and you're gimping yourself by not using Goldbergnosestein's money against him.

Ignore his investment advice. It's pure Boomer shilling.

>>16208307

It's retarded to buy 5% front loaded S&P 500 funds or some Edward Jones fund that doesn't even match the S&P500. Someone bring shit with money doesn't excuse the product from being a scam.

>>16209231

I'm not in debt, but I listen to his podcast a few times a week. It's the only semi bearable money podcast. The rest of them shill garbage 10x harder with less content.

[Anonymous No.16209578]

>>16208307
>The fact that he seems to think the central goal in a man's life is to man up and provide.

Know how i can tell that you're not a husband or a father?

[Anonymous No.16209599]

>>16208112
>Newfag here,
I'm serious guys. Newfags are leaking in from somewhere. There's an infestation growing. This is at least the 4th in the last few hours.

[Anonymous No.16209604]

At least wait til your last thread drops of the archive page, stupid faggot nigger
>>16188396

[Anonymous No.16209628]

>>16208112
> this AI post again

[Anonymous No.16209689]

>>16208112
He’s an advisor for idiots who can’t separate emotions from logic.

[Anonymous No.16209709]

>>16208112
He gives über brainlet advice that should be common sense (but apparently it's not for a lot of people). If you're terrible at managing your money then you can probably learn something from him.

[Anonymous No.16209715]

3/4ths based 1/4th boomer

Good advice for 90% of the population. Don't agree with him completely on credit cards, investing, house buying.

[Anonymous No.16209862]

>>16209419
>It's the only semi bearable money podcast

Not true, its fun listening to Robert Kiyosaki. Sure he shills all sorts of garbage, but you can just ignore that and enjoy him going full boomer
>I still remember buying my first gold krugerrand for 35 dollars while stationed in vietnam as a helecopter pilot, as a japanese american I had to hate the gooks harder than everyone else to prove my loyalty, then nixon went and banned gold, what a god damn madman! Thats why I sell books and seminars, so I can buy gold. And real estate. Just like my good friend Dolan Trump. I'll tell you socialists are taking over this country. Buy gold.

[Anonymous No.16209889]

I maxed out all my credit lines just to spite this faggot.

[Anonymous No.16210058]

>>16209604
That was my thread from the other night
Jews do not like Dave Ramsey because he signs off telling the audience financial peace is walking with Jesus Christ. Google it

[Anonymous No.16210069]

>>16208112
Don't steal my threads faggot
>>16209604
Fucking new fags

[Anonymous No.16210081]

>>16208112
Hes got better advice than any of the fucking idiots here will have for you.
>hey /biz/ how do you abc?
>suck coks lelelelele
any hating broke pajeet or broke incel who talks shit about him here won't have a single piece of advice to back themselves up with

[Anonymous No.16210108]

>>16210081
>Hes got better advice than any of the fucking idiots here will have for you.
I don't hate him or anything, but how is his advice better than that of any person on the street's who has common sense? There's literally nothing profound about his advice. I'm surprised his channel got big enough by just dishing "Don't spend money like a retard" in 100 ways. I guess most of the population really has extra chromosomes to be able to benefit from that.

[Anonymous No.16210121]

>>16209578

Know how I can tell you’re stuck in the rat race for life? No social security going to be waiting for you dawgy.

[Anonymous No.16210152]

>>16210108

you live in a bubble, and your idea of common sense is NOT common.

he doesn't claim to be profound. obviously you don't listen to him because he has clearly stated many times how simple his advice is. live on less than you make. have an emergency fund. don't go into debt. pay off your debts. don't bite off more home than you can chew. don't waste money on depreciating assets, instead buy used. eat cheap, dress cheap, rent cheap, etc.

all the hate about 'mutual funds' being bullshit, you fags forget that he's simply teaching the basic concept of investing in groups of stocks instead of single stocks, not necessarily paying 5 3/4% front loaded funds from brokers. dave has never yelled at anybody that told him they bought index etf's. he simply doesn't expect you to go on robinhood and by SPY.