I was already doing what he recommends which is to aggressively pay off your mortgage. He says that the data supports most wealthy people do that before they start dumping money into the market. Not sure how you all feel about him if he's legit or a cuck.

Dave Ramsey is to personal finance as Sean Hannity is to politics. He keeps people hooked into the consoomer mentality... Step 1 - go to college get a degree and incur student loans; Step 2 - buy a house, get a mortgage; step 3 - have a bunch of credit cards; step 4 - be a good little debt slave and make all your payments on time; step 5 - attain happiness and fulfillment through material wealth. If I had his platform I would be teaching people to avoid being a slave to the debt j*w, only buy what you can pay cash for, and seek God.

I use to but since he's barely there anymore i don't listen , i'm now Caleb Hammer crew

Isn't that what he says, tho? Dave Ramsey is notorious for the tone deaf boomer fa­ggotronics so he refuses to relent that credit is ever okay, even if you pay your credit cards off each month


But with that said I take a lot of what he says with scrutiny. A lot of personal finance advice is basic as fuk, anyways.

I like Dave and agree with him on 98% of what he says. The only 2 things I disagree with are:

- Paying off sub 5-6% mortgage debt on a home ASAP. IMO it's better to leverage it into the market at that rate.

- Not using a credit card when you pay it off every month. IMO the points are worth it IF you pay it off every month and don't pay interest and have a small amount of self-control.

Other than those two things, I agree with him on pretty much everything.This is literally the polar opposite of what he teaches you dumbassThis is literally exactly what he teaches you imbecile

I think you're missing my point. Perhaps I could have expanded further on how he is like Sean Hannity (or other fox news boomers) that keep people hooked into the left/right Democrats vs. Republicans mentality. When you listen to Dave Ramsey, you come away thinking our consoomer-based debt slave society is normal and that it is completely manageable to be a part of it -- just be responsible, make sure your mortgage isn't greater than x% of your monthly income, etc. Just like Hannity and his ilk would have you believe you just need to vote Republican, and if the country is turning to chit, vote harder next time. Anyway I don't expect you to understand what I'm saying, since you seem to be getting overly emotional about Dave Ramsey on a gay dying indian online pharmacy website.

I'm not missing anything. As someone who follows him regularly, I can clearly tell you've NEVER listened to Dave Ramsey and you're talking straight out of your ass. Literally everything you're saying about his message is 100% false.

I left a comment on a video about this that he's wrong about credit cards since you're missing out on the cash back.

Paid off my mortgage early-ish, in 13 years, after upgrading homes twice. I don’t know if it’s the best investment or not since the market has wildly fluctuated in the last 25 years. But I can tell you this. It feels great not having one. Piece of mind alone made it worth it.

Debt free and pay cash for everything, been following Dave for a long time and taught his class. Gave family and friends copies of Total Money Makeover and 2 of them are debt free, one retired young has a house on a lake and lots of cool toys.

most of this is actually the exact opposite of what he says, he’s very anti-debt, tells ppl to get out of debt and then stay out of it and not live to have a good credit scorethis part is actually a lot of what he does say

This/10.

Playing the CC rewards game is fine if you have discipline. He makes a decent argument that the only way you get those points is from the companies profit, which is derived from others defaulting. Therefor you are benefiting from single mothers failing on the CC payments and paying interest. But that's not my problem.

His mortgage paydown argument is weak when its sub 5%, but as of late he is winning that argument now. Why have 8% working against you as a constant when the 8%+ you get in the market isn't guaranteed.

Even if you are debt free, his show is a good example of things to avoid with future purchases/financial strategy and even if you are literate in eveything, its fun financial drama when the tards call in.

And as always someone trashes Dave without even knowing the basics of his teachings and then instead of looking it up and deleting their posts and or agreeing, they double down on their retard logic and blatant disregard for the truth. Enjoy a neg dumbass.

Yew before him I listened to Bruce williams back in the day. He was Ramsey before there was a Ramsey.

I'm about to break out tje pen and paper and start actually following his advice. My credit is not that bad anymore it's time to start building it

He gives good advice for those with zero financial literacy. I don't agree with him on some things.


I have a 3.5% mortgage and do not plan on paying it off anytime soon. I take any extra cash that I would have put towards paying of my mortgage early and invest it, especially in this down market.

I can't stand the guy but he's a really good place to start your financial wellness journey. Debt can be a powerful tool. Putting everything on a CC and paying off in full each month gets me literally thousands of free dollars every year. And, as others have said, I'm in no rush to pay down my 3% mortgage.

Nice. At the same time, I get where he's coming from. Some people have zero self-control and it's better for the temptation to be absent in that case.Mirin and repped.Mirin and repped.This. I'm buying a another house and closing this month. Putting 20% down, my rate is 7.39%. The payment is $$4,700/month.

~$500 equity
~$3,500 interest
~$700 escrow

That interest payment is mega. Srsly considering paying this house down quick. Out of my leftover money every month, might start investing 1/2 and paying down the principal with the other 1/2 instead of investing it all. Then refinancing once rates drop.

Also, fkn LOL @ what that pole smoker left in my CP when called out for blatant lying:

it's always cool to show how you're smarter than the "expert" but he's mostly right.

the vast majority of people would be well served to be debt free, no credit cards, pay cash for a car and seek Jesus Christ as their lord and savior. there's psychological and spiritual benefits to it all. as the Bible says...the borrower is a slave to the lender.

I followed Dave Ramsey on a daily basis, every commute, even at the gym, back when I was fresh out of college and wanting to pay off my student loans and a car loan. Took a couple of years to complete both, then I realized listening any further was a waste of time, just wanted his motivation for getting rid of debt.

I've been a rentcel ever since. He would advise putting excess money into a savings account or S&P 500, but this would also mean missing out on getting multiplicative return from a lot of solid stocks like NVDA or AMD. I would buy a house next year, but I refuse with 8%+, or even 5%+ interest rates. I'd rather just save money and buy a house in full in my mid-late 30's.

If I were in your shoes OP, I would make decisions centered around my mortgage interest rate. If it's the typical 2-3% you'd get from pre-COVID, I would NOT aggressively pay it off. If it's anything north of 5%, I would aggressively pay it off, but still put some money in the market simultaneously. Also I wouldn't really listen to Dave Ramsey anymore.

This is really really wrong.
He hates debt.
He tells people to cut up their CC's and pay cash for cars etc. Etc.


OP - I was paying down my mortgage but it's a 2% interest rate so I'm working against myself if I pay it off now. So I stopped doing that

Dave is pretty spot on with everything he says. He didn't just come up with his plan out of his ass. He did it by studying self made millionaires spending habits/life-styles and compiling that data into a manageable plan for regular Americans. Pretty much anyone that follows his plan will retire a millionaire.

Obviously you can poke holes in his plan if your circumstances are different from the majority of other people. But in general its foolproof for 99% of people.

Debt can be a powerful tool but one thing goes wrong and you can end up bankrupt and completely fugged.


As far as getting thousands of 'free' dollars from credit card rewards its doubtful its that much.

1. On average people spend more money with a credit card then they do if they have a cash budget. My GF works in management for a large retailer and partners with a credit-card company to push store credit cards. Their data indicates customers with store credit cards spend 33% more per year then customers without them. They just get suckered in. Cash back on this. A 25% discount on this day. Etc. Hell, they have sales where customers with store credit cards get up to 50% discounts on merchandise and they are still making massive profits.

2. A lot of local venders push a 3% convenience fee onto the customer when you make purchases with a credit card. Meaning if your cash back/points are sub 3% back you aren't actually getting anything free.



I use a credit card for the convenience but I'm not under any illusions about getting 'free' money.

As far as the mortgage thing I personally think with super low mortgages you are better off not paying it off ASAP like Dave says. However if you want to take average mortgage rates 5% and over... Yeah, you should probably pay them off ASAP.

The thing with Dave is he is trying to market to the masses and his principles incorporate behavioral finance. For example, if you have a 3 or 4% mortgage, it makes no sense to pay it off early when you'd be better off long term with it in the market. The problem is people are retards with money and instead of taking extra money and putting it into the market, they spend it on useless chit. IF they add to a brokerage acct, they will buy/sell at the worst possible times due to fear. So really, yes, for vast majority of what he says makes sense.

I haven't heard him in a long time, but I recall he was against mortgages and wanted you to save instead. That is pretty fukking hard to do recently if you're not well off.

Pay cc off every month is a no brainer, especially with a 2%+ cashback card. But again, people can't control their spending when given access to $$$

the thing i found funny was that my parents were basically living dave's advice since the 70s...along with some others. he just found a good way to market that advice and become very wealthy

Dave Ramsey got 19 year old me into a good place.

DR is the alcoholics anonymous of personal finance. Given the average consumer debt in this country, lack of people that can cover a $1000 expense, that can't miss a paycheck (gov shutdown), car payments....

Most of the country are Debt Acholics. The thing is AA doesn't allow you to have 2 beers on the weekend. It is a cold cut off and develops a cult like following and there are a lot of downsides that cost a lot of money.


The MONEY GUY's "financial order of operations" is much more financially sound.

A large portion of self made millionaires lived Daves advise before he marketed it. That's where he got the plan from.

He just took it from successful people and sold it to plebs.

No thanks, Jeff on Ramsey. Though if you have a 7% interest rate on a 30 yr mortgage it is a mighty fine idea to put a lot extra into the first year or two to save yourself a lot of interest down the line. If you have a 2-4% mortgage put extra into an ETF or two and take a nap.

Literally everything except the house/mortgage part is wrong. Even for that he want's 20% down on a 15 year mortgage....

I can tell you have zero idea what he preaches and I don't like him.

it really is kinda freeing though to not give a chit about what interest rates are at any time in your life because you're paying cash for everything. i paid cash for my first house and it put me on a path to retiring in my 20s.

Yeah once I started focusing on free cash flow (by default avoiding payments and debt) life started opening up.

Though his advice on cars was and is chit. The 20/8/3 rule is MUCH MUCH better for people starting out.

i don't know what that is but in my entire life my grandparents and parents never made a payment to anyone for a car...or anything really. my grandpaw for example bought a new buick regal in 1987 and paid cash...then a new buick century for like $12k in 2000. parents bought the same types of cars new or very slightly used paying cash.

That is the exact opposite of Dave Ramsey approach you retard