/biz/ - Business & Finance

[Anonymous No.18284864]

Name one thing he's wrong about.

[Anonymous No.18284878]

>>18284864
that you can't time the market

[Anonymous No.18284880]

>>18284864
I don't know a single thing he said.
I will tell you what for sure he did not say, and that is how to make money.

[Anonymous No.18284901]

>>18284864
The snowball method

[Anonymous No.18284918]

He says black people only deserve to be 1/3 of a person

[Anonymous No.18284955]

>>18284878
based, remove all dave ramsey boomerposters

[Anonymous No.18284977]

>>18284864
https://www.youtube.com/watch?v=du1ehAMuy9w

He's a dumb boomer and his stupid philosophy of mindlessly throwing money at ETF's and index funds is going to leave most of his boomer audience without a retirement

[Anonymous No.18285052]

>>18284977
Abloo-bloo cryptokiddo

The whole world is not collapsing and your fantasy money wont save you even if it did

[Anonymous No.18285089]

>>18284864
not using credit cards

[Anonymous No.18285102]

>>18284864
Dumbass boomer buys high APR month to month mortgages, defaults, then rambles about debt being bad for decades. Still makes millions because, boomer

[Anonymous No.18285112]

>>18285102
how is debt any good, zoomer?

[Anonymous No.18285143]

>>18284864
He thought Coronavirus is just a flu.

The correct move is to sell and buy back boomer stock this fall.

[Anonymous No.18285180]

>>18285052
The stock market bubble is collapsing, and crypto has a better chance of protecting my wealth than your shitty overpriced stocks in heavily indebted and insolvent companies.
The government is going to try to bail them all out, and will debase the dollar in the process. Anybody who listened to Dave Ramsey's advice is about to lose their shirt

[Anonymous No.18285188]

>>18285112
Considering inflation is gonna be like 10% this year, pretty much any debt is good right now if it's under 10% apr. This is why Dave Ramsey is a moron. He teaches people not to ever even consider debt, and people lose big opportunities because they get scared of it.

[Anonymous No.18285200]

>>18285112
>debt is bad, kiddo
>now buy all my stocks in companies with shitloads of debt and no savings

[Anonymous No.18285233]

>>18285188
That's assume people actually leverage debt for anything other than iphones and toyotas

[Anonymous No.18285258]

>>18285112
Opportunity cost. Sometimes that money can be put to better use elsewhere rather paying down expensive debt. His strategy is for the risk averse masses.

[Anonymous No.18285284]

>>18285258
Realisticly what would you leverage debt into if you're just a normal schmuck

maybe starting a business or buying real estate but that's it and if you're doing that to begin with you don't need dave's advice

[Anonymous No.18285442]

Saying to invest in the S&P 500 right now. When all the boomers who retire who listened to buffet and try to withdraw all their money at once its gonna tank the market. Not to mention most stocks are quite inflated over fundamentals

[Anonymous No.18285484]

>>18284864
Endorses actively managed mutual funds.

[Anonymous No.18285514]

>>18285442
You say this like boomers are all one huge clump of people retiring on the same day. Some are already retired. Some will work for another 10 years

[Anonymous No.18285521]

>>18285112
It's free money, just declare bankruptcy and you're good

[Anonymous No.18285532]

>>18284977
Let’s see where someone takes his advice is in 20 years (i.e., invests in mutual fund ands ETFs) vs. a retard who thinks crypto will make him wealthy. I guarantee you that the Ramsey listener will be much better off.

[Anonymous No.18285548]

>>18285532
Someone who*

[Anonymous No.18285585]

>>18284864
He's been continuously btfod on his Bitcoin statements. Everything else he's not that bad. But when it comes to talking about Bitcoin he's one of the most uninformed boomers talking out his ass

[Anonymous No.18285647]

>>18285112
With a combo FHA and Rural Settlements loan assistance from the govt I can get a 3% fixed rate mortgage on a house up to $265k with about $1k down.
That means its literally cheaper for me to buy and move into a 3 bed 3 bath house, and pay to start owning it, then it is for me to rent an apartment.
And if I can't pay I just take a hit to my credit score and walk away.

[Anonymous No.18285668]

>>18285647
Ramsay doesn't say you can't take out a loan for a house.

He only has a vegeance against consumer debt

[Anonymous No.18285707]

>>18285668
In times like this even that is iffy.
If you really, truly, believe that hyper inflation or a big collapse in supply chains is coming, taking out consumer debt to stock up now could be smart.
Of course you're risking being caught with your pants down if neither of those things happen, but if there's one thing you don't want a Boomer's opinion on its how strong 'the system' is.
I'm not full Peter Schiff tier doomer, but I absolutely think over the next 10 years or so you're going to see dollar value go down a lot. And if that's the case consumer debt starts to make more and more sense.

[Anonymous No.18285727]

>>18284864
i hate how he defends women and throws men under the bus

[Anonymous No.18285759]

>>18285284
His isn't advice isn't bad. It's just a one size fits all approach to money. Most of callers spend their money on dumb shit and rack up tens of thousands of dollars in CC debt and expensive vehicle loans. What I notice is that he always talks about investing in mutual funds rather anything riskier like individual stocks or crypto.

I personally have $49,000 in debt because of student loans and a car note. I use his advice on money management and pay down my debt as fast as possible, but I don't make much money like most of his 200k/yr callers. I invest some of my money and have started a 401k well before I've paid everything off. I approach networth like a scale. I want to continue paying off my debt and building at wealth at the same time so that eventually my networth will be $0. Then once I pay off my debt it will be astronomically higher because once the liability side of the scale is empty, the asset can rise uninhibited.

[Anonymous No.18286149]

>Name one thing he's wrong about.
-The reason debt is bad and you're a stupid goy for having it is because the Bible says so
-You have to love what you do for work and kiss your boss's ass, if you aren't interested in climbing the corporate hierarchy you are dangerous, if you aren't dependent on your employer to feed you you are dangerous, if you aren't interested in spending your entire life laboring you are dangerous
-Owning and maintaining an entire house over the long term is better than living as cheaply as possible and investing the money you would have blown on the house
-You must donate your money to Reverend Shekelsmith
-You must devote your life to a roastie and her children or it is worthless, da Baibull sed so

[Anonymous No.18286260]

>>18286149
>-You have to love what you do for work and kiss your boss's ass, if you aren't interested in climbing the corporate hierarchy you are dangerous

this is straight up a lie

[Anonymous No.18286289]

I listened to him back in 2018 and he always said to pay off debt first then you can invest. Instead I put all my money in Chainlink and ended up making enough to pay off all my debt. Suck it Ramsay

[Anonymous No.18286290]

>>18286260
you think he doesn't believe that?
He thinks the work one does is for the glory of God, that the wealth we accumulate is because we're stewards of His wealth

I despise him

[Anonymous No.18286330]

>>18284864
the easter bunny skydaddy for oned thing. hes a religitard

[Anonymous No.18286490]

>>18286290
he's an ultra conservative, he's said multiple times if you're not happy with your pay you should change you jobs

infact he's even said that its horrible that some people end up in factory for 39 years

[Anonymous No.18286607]

>>18286490
None of this conflicts with what I said
He's an ignoramus boomer who thinks you're supposed to """like your job""" and that if your don't like it you can simply up and find another one, and that the meaning to one's life is to spend sun up until sun down (with the exception of the time devoted to Church) trying to move from job to job in a way to make as much money as possible or else you're defective

[Anonymous No.18286641]

>>18284864
Dave teaches people how to become wealthy after 50 years of wage slaving. He doesn't teach people the secret financial shortcuts that rich people use.

[Anonymous No.18286648]

>>18286607
>yes goy, get in more debt
>buy that new flatscreen
>get a mortage you cant afford!
>keep consoooooming

[Anonymous No.18287037]

>>18286149
Live like no one else so that later you can live like no one else

[Anonymous No.18287050]

>>18286641
He's good for getting NPCs from red to green but not good for getting that 10x. Well, the debt avalanche is actually better than the debt snowball but he is talking to NPCs who likely cannot comprehend it.

[Anonymous No.18287225]

>>18285707
>I'm not full Peter Schiff tier doomer

[Anonymous No.18287515]

>>18286648
literally nothing you are implying is conflicting with what I am saying