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Forum » Lol if you are not listening to Dave Ramsey and flowing the baby steps
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Thread: Lol if you are not listening to Dave Ramsey and flowing the baby steps

post 1581361471 06-03-2019, 01:22 PM
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Lol if you are not listening to Dave Ramsey and flowing the baby steps

I'm going to be a millionaire in 5 years following his advice. Dave Ramsey baby steps is the best solution for financial freedom.
post 1581361661 06-03-2019, 01:24 PM
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His savings rate reccomendations are too low IMO.

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post 1581361951 06-03-2019, 01:28 PM
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In on MMM crew
post 1581361961 06-03-2019, 01:28 PM
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Only losers need his common sense advise.
post 1581362171 06-03-2019, 01:31 PM
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1) Financial genius advice

2) Common sense advice

pick one, unless you follow Dave... then pick both
post 1581362771 06-03-2019, 01:42 PM
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Just googled the baby steps


Lmao if you needed someone else to explain that to you. Who was common sense?
watchout your comments boyo ↓
post 1581362941 06-03-2019, 01:43 PM
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Originally Posted By iwant2beswole⏩
Just googled the baby steps


Lmao if you needed someone else to explain that to you. Who was common sense?
his target audience is lower income individuals who don't know how credit cards work.

His whole "pay cash for everything" is really only feasible for someone with poor impulse control or heavy personal debt
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post 1581363461 06-03-2019, 01:49 PM
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Originally Posted By irollurmom⏩
His whole "pay cash for everything" is really only feasible for someone with poor impulse control or heavy personal debt
Or for someone who is a millionaire (by telling people to pay cash for everything....)
post 1581363591 06-03-2019, 01:50 PM
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Originally Posted By iwant2beswole⏩
Lmao if you needed someone else to explain that to you. Who was common sense?
It's not common sense for alot of people. Especially those that grew up in households with poor financial habits.

The baby steps are legit, and alot of people, no matter how smart you are, prefer a "system" to help them stay on track.

Here are the baby steps:

**Misc. Pureblood Crew**
post 1581364161 06-03-2019, 01:57 PM
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Anytime I see/hear someone talking about Dave Ramsey I immediately think less of him/her! There is zero hope for you if you don't know/understand this common sense.
post 1581364311 06-03-2019, 01:59 PM
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I think Dave has some good, common sense approaches to long term wealth but I disagree with him when it comes to credit cards.
Toxic Masculinity
post 1581364551 06-03-2019, 02:02 PM
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Originally Posted By gixxer0.6g⏩
I think Dave has some good, common sense approaches to long term wealth but I disagree with him when it comes to credit cards.
this

If you can't handle paying off a monthly credit card balance....i got sum bad news
post 1581364671 06-03-2019, 02:03 PM
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/r/wallstreetbets you fkng dweebs
post 1581365521 06-03-2019, 02:13 PM
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Good advise minus only having $1,000 emergency savings until you paid off all debt. I decided to get 6 months in savings prior to finishing my school loans and I feel much safer and don't have to worry about really anything bad happening that would wipe me out. Now I can just put the money I have left over at the end of the month straight into the loans no problem.
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post 1581365941 06-03-2019, 02:17 PM
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Originally Posted By Rhythm825⏩
/r/wallstreetbets you fkng dweebs
Just subscribed. How can I use this information if all I do is index every month?
post 1581365961 06-03-2019, 02:18 PM
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His step 2 and 3 are switched up. you need way more than that as an emergency fund unless you are a miscer incel living in your parents' basement. $1,000 ain't chit monica.
post 1581366221 06-03-2019, 02:20 PM
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Originally Posted By MetroBrah⏩
Just subscribed. How can I use this information if all I do is index every month?
if serious, wallstreetbets are trolls. Better for with /r/stock or /r/invest
post 1581366471 06-03-2019, 02:23 PM
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If you grew up with financially smart parents it will seem like common sense but his podcast is awesome for people who grew up in a paycheck-to-paycheck house.

Kind of like growing up unhealthy, you might have some ideas on how to be healthy but having an actual blueprint makes a bg difference.
post 1581366641 06-03-2019, 02:26 PM
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Rice and beans , beans rice. Deliver pizza, sell the car etc etc..
post 1581367131 06-03-2019, 02:32 PM
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Does he ever mention anything about entrepreneurship, building multiple revenue streams, et al?

His whole approach (the classic live like a peasant one) depends on income being higher than cost of living, but wages are dead flat and the cost of everything has only been increasing. You are pissing into the wind when a single major health problem or financial issue can wreck a decade of savings.
post 1581367231 06-03-2019, 02:33 PM
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Originally Posted By Rhythm825⏩
/r/wallstreetbets you fkng dweebs
this guy fukks.
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post 1581367421 06-03-2019, 02:37 PM
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Wall Street Bets is all you need.

Listen to Dave Ramsey if you wanna drive a Hyundai your whole life.

Read WSB if you wanna be driving a lambo in 5 years.

Trading on margin and options and future contracts...MU and AMD to the FUKING MOOOOOOOOOOOOOOOOOOOOOOOOON.
Survival. When the jungle tears itself down and builds itself into something new. Guys like you and me, we end up dead. Doesn’t really mean anything. Or, if we happen to live through it, well that doesn’t mean anything either.
post 1581367531 06-03-2019, 02:38 PM
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Originally Posted By jackamo2887⏩
Wall Street Bets is all you need.

Listen to Dave Ramsey if you wanna drive a Hyundai your whole life.

Read WSB if you wanna be driving a lambo in 5 years.

Trading on margin and options and future contracts...MU and AMD to the FUKING MOOOOOOOOOOOOOOOOOOOOOOOOON.
MU 90 calls crew
post 1581367561 06-03-2019, 02:39 PM
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I recommend his books. Theyre pretty good. You can pick them up for $2 at thrift stores.
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post 1581368421 06-03-2019, 02:50 PM
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Originally Posted By tyn89⏩
Only losers need his common sense advise.
Mean while you're afraid to go to your mailbox and see what payments are due.
post 1581368861 06-03-2019, 02:59 PM
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I like Dave's system even though I was always extremely responsible and frugal. It just clarifies things and makes me feel like I'm not wandering aimlessly in terms of my finances. I was debt free, except for my mortgage, with a decently large amount of money just sitting in savings before listening to him. In other words, I wasn't financially hopeless, I just needed some basic guidelines and direction. Since then, I've just been more focused on paying down my mortgage and investing.

Originally Posted By ErnieMccracken⏩
Does he ever mention anything about entrepreneurship, building multiple revenue streams, et al?

His whole approach (the classic live like a peasant one) depends on income being higher than cost of living, but wages are dead flat and the cost of everything has only been increasing. You are pissing into the wind when a single major health problem or financial issue can wreck a decade of savings.
A large portion of every show/caller questions deals with the income side of the equation. He uses the shovel-to-hole ratio metaphor. If someone's debt is too large for their income, then the income needs to increase. Hence, the shovel is too big to get out of the hole.
Originally Posted By Retoaded⏩
His step 2 and 3 are switched up. you need way more than that as an emergency fund unless you are a miscer incel living in your parents' basement. $1,000 ain't chit monica.
Step 1 is $1,000 as an emergency fund. Step 3 is 3-6 months expenses. Typically $15-25k range for most people. The only point of the $1,000 as Step 1 is to have something to cover minor bumps in the road while you aggressively pay off debts (aside from mortgage). If, out of the blue, you need a new tire, you draw from that $1,000. It doesn't cover major issues, of course.
post 1581369731 06-03-2019, 03:15 PM
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Won't let me embed

Fuking vimeo

https://vimeo.com/41152287
Í̶̛̪͕̩̤̱͎̬̟͕̻̽̏͂̚͝ ̷͉̰̬̗̰̋ͅL̶͍̫̳̪̰̟̹̭̦͖͔̼̂̑͌̽́͊̉͛͠ͅO̸̢̨̩̖̣̣͚͎̱̘̲̗̰͌͜V̵̰͎̤̤̣̘̰͒̔E̷̛̹̖̭͓̰̓̇́̃̒͐̄̅͂̄̚͜͝ ̷̜̟͍̺̟̱̠̩́̉̑̑̈̆̈̏͊̀͗̉͝͝Y̵̛̬̬͇̝̭̲̬̳̎̈̿̒̈͛̈́̓͌͌̏̚͜O̴̜̻̠̥̩͋̋́̌͐̊̌͠Ų̶̧̮͋̀̅́̈́̄̃̆̑
post 1581372471 06-03-2019, 04:01 PM
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Originally Posted By PowerOfTruth⏩
Or for someone who is a millionaire (by telling people to pay cash for everything....)
not really. That mentality is for, again, the lower income people who don't know how credit cards work. Instead of taking out a car loan, you buy a $5000 car off craigslist. Instead of using your credit card to potentially rack of various bills, you use your debit card and actually see your money go away.
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post 1581372631 06-03-2019, 04:05 PM
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Originally Posted By irollurmom⏩
not really. That mentality is for, again, the lower income people who don't know how credit cards work. Instead of taking out a car loan, you buy a $5000 car off craigslist. Instead of using your credit card to potentially rack of various bills, you use your debit card and actually see your money go away.
No, that's the line Dave and crew use to sell the product.

Behavior =/= Knowledge

The "poor's" problem is NOT knowledge, that is a false narrative. It is with behavior.
post 1581373251 06-03-2019, 04:14 PM
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Originally Posted By irollurmom⏩
his target audience is lower income individuals who don't know how credit cards work.

His whole "pay cash for everything" is really only feasible for someone with poor impulse control or heavy personal debt
6 figure income, I pay cash for everything, completely debt free, no CC's. Did it listening to Dave and even coordinating his course. It's pretty amazing getting a bi-monthly paycheck and have no payments due so just throw it into savings.
Don't put that on me Ricky Bobby, don't you ever put that on me.
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