KillJoy Posted August 20, 2009 Report Share Posted August 20, 2009 I have heard several here mention his name. I have found his website. Is / are he / his ideas bullshit? Or, are they really working for some? Thanks in advance! KillJoy Quote Link to comment Share on other sites More sharing options...
wagner Posted August 20, 2009 Report Share Posted August 20, 2009 I was reading one of his books and it is good stuff. Nothing crazy or groundbreaking just very good common sense. Quote Link to comment Share on other sites More sharing options...
35RFTW Posted August 20, 2009 Report Share Posted August 20, 2009 Crazy you mention this guy. I had someone in my shop yesterday that used his books to get him on his way to being out of debt. Like Wagner said, nothing special, just simple ideas that work. Quote Link to comment Share on other sites More sharing options...
sgtschulze Posted August 20, 2009 Report Share Posted August 20, 2009 I've read several.....the hardest part is making a concrete, written budget and STICKING to it. We never..ever...wrote down a budget. Chalk it up to stupidity, more money than sense, or whatever but it's truly enlightening to see where all your cash goes. We always carried a balance on a C/C, had a decent savings, small portfolio, sent the kids to private school, etc... Then this year after reading one of Dave books, we sat down and wrote down everything....then crossed out the "mad money" that just left our account and made a systematic plan to eliminate all consumer debt except the mortgage in the next 12 months. The plan is very realistic and doesn't require any craziness like eating mac-n-cheese for 6 weeks straight. I would encourage everyone that hasn't sat down and wrote out a hard budget, to do it. It's eye opening when you see how many times you run to Kroger for little things or stop by McDonalds for the kids on the way somewhere. We were spending about $600 a month in little stuff. Quote Link to comment Share on other sites More sharing options...
SilverAudiMike Posted August 20, 2009 Report Share Posted August 20, 2009 I listen to him often on 103.9. I like his approach to being debt free, but I don't see it being realistic for most people, especially if you are aready DEEP in the hole. I also don't see how a small business can operate without lines of credit or how most kids would be able to go to college without student loans. He is also big on renting as opposed to owning a house until you are debt free. And he loves him some Jesus and likes to tell his listeners that he does. BUT, he has been successful by being debt free. Ive taken some pointers and have reduced my debt down to student loans only. It feels great. Quote Link to comment Share on other sites More sharing options...
Drewhop Posted August 20, 2009 Report Share Posted August 20, 2009 Can his books be purchased at local book stores or only his online store? Quote Link to comment Share on other sites More sharing options...
SilverAudiMike Posted August 20, 2009 Report Share Posted August 20, 2009 Can his books be purchased at local book stores or only his online store? Took about 15 seconds to search. http://search.barnesandnoble.com/booksearch/results.asp?WRD=dave+ramsey&box=dave%20ramsey&pos=-1 Quote Link to comment Share on other sites More sharing options...
Drewhop Posted August 20, 2009 Report Share Posted August 20, 2009 Took about 15 seconds to search. http://search.barnesandnoble.com/booksearch/results.asp?WRD=dave+ramsey&box=dave%20ramsey&pos=-1 I am about to stop using bing. Thx Quote Link to comment Share on other sites More sharing options...
OGRE Posted August 22, 2009 Report Share Posted August 22, 2009 My wife and i have listened to him for over a year i think. We hope to be debt free by the end of the year, erasing $18k in 12 months. For those who do not understand how some of this methods work his books go into more depth than his radio program. It's an awesome feeling when you finally see the end of the tunnel and realize that you are going to be shoveling money into savings when all you have is a Morgage payment. We will never take out a car loan again. Quote Link to comment Share on other sites More sharing options...
Trouble Maker Posted August 22, 2009 Report Share Posted August 22, 2009 He is also big on renting as opposed to owning a house until you are debt free. I'm going that route and I've never heard anything from this guy (Ramsey). It's just what I've decided to do for myself. I don't see why I should go 100k+ in debt when I still have 10k+ in debt (even if it's just student loans). That's just what I've decided for myself and isn't going to be right for everyone. In most situations a business can't compete without loans. Not when the same guy doing the same thing next door is willing to take out a loan to grow their business. I'm no business person or anything. I also don't think that you should be paying regular payroll off of a loan either. And he loves him some Jesus and likes to tell his listeners that he does. No wonder 'Doctor' Rick likes him. Quote Link to comment Share on other sites More sharing options...
Conesmasher Posted August 23, 2009 Report Share Posted August 23, 2009 Common Sense. He tells you, "Giving you advice your grandparents would, only we keep our teeth in." Another favorite of mine is........"In order to become rich you must do what rich people do, spend less than you make. Poor people spend more than they make. If you continue to do what poor people do, you'll continue to be poor. Live like no one else so later you can live like no one else." Quote Link to comment Share on other sites More sharing options...
Moostang Posted August 23, 2009 Report Share Posted August 23, 2009 Common Sense. He tells you, "Giving you advice your grandparents would, only we keep our teeth in." Another favorite of mine is........"In order to become rich you must do what rich people do, spend less than you make. Poor people spend more than they make. If you continue to do what poor people do, you'll continue to be poor. Live like no one else so later you can live like no one else." where the f have you been man Quote Link to comment Share on other sites More sharing options...
Conesmasher Posted August 23, 2009 Report Share Posted August 23, 2009 1. $1,000 to start an Emergency Fund 2. Pay off all debt using the Debt Snowball(smallest to largest debt, minimums on everything except for smallest debt) 3. 3 to 6 months of expenses in savings 4. Invest 15% of household income into Roth IRAs and pre-tax retirement 5. College funding for children 6. Pay off home early 7. Build wealth and give! 8. Invest in mutual funds and real estate Quote Link to comment Share on other sites More sharing options...
Conesmasher Posted August 23, 2009 Report Share Posted August 23, 2009 where the f have you been man Witness protection program. Quote Link to comment Share on other sites More sharing options...
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