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/biz/ - Business & Finance

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25909988 No.25909988 [Reply] [Original]

I know Dave Ramsey is a mega boomer and repeatedly intentionally retarded on Bitcoin,
But when you see this kind of shit on his show it makes a lot of sense why he peddles this very safe no debt and "rass and beans" spending budget

https://youtu.be/BbxP24ZYLEs

It puts it into perspective, normally he's condescending and a little insulting to normal people with decent or above average incomes who have made retarded financial decisions, but notice when he hears this 89 IQ 31 year old only making $10k a year and how he treats him with respect even though it's the most sad situation I've probably ever seen on this show
He calls him "sir" every time after he realizes how shit a situation this guy's in lol

>> No.25910008

>>25909988
Yeah , he's actually based. You can also see it when millionaires call. He just tells them to seek God

>> No.25910073

>>25910008
True but if you're a normal person his steps do cuck you
https://youtu.be/VlDje-TQQSs
(Although I don't foresee any financially normal person watching his show other than for keks)

>> No.25910168

>>25909988
that guy still makes more than everyone on /biz/ combined

>> No.25910267

>>25909988
I watched a Yale lecture course on financial markets and the Professor constantly talked about how immoral people don't last long in finance because they do bad things and get removed, as well as banks don't give loans to bad people, and that the only truly successful people in finance aren't driven by money. He also constantly shilled at the class to donate all of their wealth to charity before they died as it was their duty.

Was odd.

>> No.25910333

>>25909988
jesus thats depressing

>> No.25910422

>>25910267
The talmud considers non Jews human cattle so whose morality is he talking about?

>> No.25910450

>>25910267
>I watched a Yale lecture course on financial markets and the Professor constantly talked about how immoral people don't last long in finance

kek. cope

>> No.25910498

>>25910422
He actually had a whole lecture on usury

>> No.25910604

>>25910498
"The Jew is allowed to practice usury on the non Jew"
Talmud IV / 2 / 70b

>> No.25910623

>>25910073
His steps don’t cuck you. They get out of the habit of accepting a lifestyle of paying interest to everyone. Could you do better? Of course. Tweet the plan a bit to fit you your own goals. The main point is to stop paying interest and start collecting it.

>> No.25910648
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25910648

>>25909988
He's the way he is because he went bankrupt in his 20s by flying too close to the sun with debt. It traumatized him and he turned into pic related but about money. Decent guy, but he's got his blind spots like anyone.

>> No.25910669
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25910669

he tells you to pay off all debt asap, which is retarded since a 20 something year old investing just 90 fucking dollars a month into a basic bitch index fund will be a millionaire by 65, which is not investing advice or anything, obviously invest more but holy shit the money young people are wasting should be invested, not thrown away on shit and low-interest loans

these guys give actually decent advice
https://youtu.be/v_hbhg3lwJk?t=630
start from: 10:27

>> No.25910678

>>25910623
I posted a video explaining how his recommended baby steps cuck you to having a net worth worse than the average person for your age

>> No.25910682

>>25910604
But the non Jew is not obligated to accept the Jews usury. Pay off you debt and then avoid it.

>> No.25910684
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25910684

>declare bankruptcy
>give financial advice
CASH IT

>> No.25910709

>>25910682
What happens if you can get a loan to buy bitcoin for 2% interest?
Do you take it?

>> No.25910829

>>25910678
His baby steps program worked well for me. Before I was more of a Robert Kiyosaki fan. I had a significant increase in wealth after paying of my loans. I do disagree with his dedication to mutual funds so I substituted them for dividend stocks. Today I don’t have to work and live off my investments. Read or watch Financial Peace. Follow the steps and adjust.

>> No.25910881

>>25909988
Ya like he isn’t a bad person, he’s like diet “based”.
Yes he is a boomer
Yes his advice is outdated
But this advice will still put you above the average normie in the country
>only 5% of Americans invest any money

>> No.25910989

>>25910709
What kind of loan is this? Post link for a 2% loan for bitcoin. The only realistic thing I can think of is a home equity line of credit which you will need to have an actual home. If the home is paid off then it would be a pretty good deal but if the home is financed your paying 2% more in interest.

>> No.25911119

>>25910989
It's a 0% loan now lol
Took out student loans at the beginning of 2020 and bought bitcoin right before they went to 0% for the pandemic kek

>> No.25911166

>>25911119
You realize you still have to pay it back right retard

>> No.25911225

>>25910168
He does.

>> No.25911411

>>25911119
Good for you. My student loans had to be paid directly to the university so I couldn’t use it for other things. Now pay that loan off quick. (By the way I don’t believe you but whatever)

>> No.25911545

The baby steps program builds good habits. Feel free to customize it as your wealth grows. My “emergency fund” is now my opportunity fund. When I see a great deal I have no problems using it for investing. But I always replenish it. The loans available to me now are awesome due to my credit score being over 800. Emergency car repairs don’t exist for me since I don’t work anymore and live off investment income. I rent out my paid for houses and live in a comfy apartment that I myself rent. Feels good.

>> No.25911572

Dave Ramsey gives retarded advice but honestly anyone who needs to listen to advice from people is a cattle that needs to just do what Dave says. It's goat advice if you're under 140 IQ.

>> No.25911732

>>25909988

guy already works 15 hours a day, dave tells him to get a 3rd job delivering pizza 5 or 6 nights a week and "get your income up"

dave's advice is useless to poor people, this guy is never paying off 20k in debt and absolutely should file bankruptcy. Dave would never say that though because he thinks he has to foot the bill for it that way.

>> No.25912628

>>25911732

Well desu if he's working two jobs and only makes 10k per year, he's working fucking shit jobs and he'd better off quitting both and delivering pizzas at night like dave said

>> No.25912781

His steps are pretty simple but they elude most people. If most people followed his steps they'd be much better off. Most people are in debt and think Ramseyesque mutual funds are 'high risk'.

>>25911732

>15 hours a day
>$10k a year

Yeah, stupid Dave Ramsey for suggesting that he could earn more!

>> No.25913901

>>25910989

Paying off your debt and paying off your mortgage brings total expenses down to just food, gas and maintenance. It’s a smart move. His investment advice is shit. Everything else is solid.

>> No.25913979

>>25909988
fuck thats depressing

>> No.25914130

>>25909988
>tfw I am middle class in my country and I earn 10k a year

>> No.25914289

>>25910267
Dr. Schiller's course? I took the same class. Was there anything of worth in the last 1/2? tldr