Comments on: The Truth About Dave Ramsey http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html Helping Smart Shoppers Save Sun, 21 Mar 2010 20:52:45 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Golf the Narrows – Golf Lake Manitoba Narrows Back Up Thanks « Golf Golfing Narrows http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html/comment-page-1#comment-7110 Golf the Narrows – Golf Lake Manitoba Narrows Back Up Thanks « Golf Golfing Narrows Sat, 13 Mar 2010 17:08:15 +0000 http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html#comment-7110 [...] The Truth About Dave Ramsey Many of us know David L. Ramsey III as an outspoken financial counselor, an author, and the radio host of “The Dave Ramsey Show.†His advice is certainly several deviations from the mean of what you will hear on the radio and in the office of most financial counselors……. [...] [...] The Truth About Dave Ramsey Many of us know David L. Ramsey III as an outspoken financial counselor, an author, and the radio host of “The Dave Ramsey Show.†His advice is certainly several deviations from the mean of what you will hear on the radio and in the office of most financial counselors……. [...]

]]> By: James http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html/comment-page-1#comment-1001 James Wed, 31 Oct 2007 01:09:00 +0000 http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html#comment-1001 let me sum up each of his shows for you...<br/><br/>Dave makes a joke and laughs a very high-pitched, annoying laugh (Don't you love people who laugh at their own jokes?)<br/><br/>Caller calls in with the financial equivalent of a 3rd grade education.<br/><br/>Dave in not so many words (but very often uses this word) calls them "STUPID!". He toss the phrase "Common sense" around a few times, caller agrees, he gives them free tickets to an over prices seminar, or a book, caller hangs up. Repeat this 3 or 4 times with unfunny jokes that Dave laughs at.<br/><br/>Caller calls in bragging about being debt free, screams it. <br/><br/>Caller calls in and puts the phone up to a pair of scissors as they cut a credit card. Making me pause to wonder why I am listening to a radio program with callers calling in to cut things with scissors.<br/><br/>Bottom line:<br/>He offers advice to dumb people who havent the slightest maturity to handle money at all. The dumber people are, the richer he gets.<br/><br/>Don;t you need a credit card to buy his books online? OR does he perosnally meet with everyone who wants a book so they can pay in cash? let me sum up each of his shows for you…

Dave makes a joke and laughs a very high-pitched, annoying laugh (Don’t you love people who laugh at their own jokes?)

Caller calls in with the financial equivalent of a 3rd grade education.

Dave in not so many words (but very often uses this word) calls them “STUPID!”. He toss the phrase “Common sense” around a few times, caller agrees, he gives them free tickets to an over prices seminar, or a book, caller hangs up. Repeat this 3 or 4 times with unfunny jokes that Dave laughs at.

Caller calls in bragging about being debt free, screams it.

Caller calls in and puts the phone up to a pair of scissors as they cut a credit card. Making me pause to wonder why I am listening to a radio program with callers calling in to cut things with scissors.

Bottom line:
He offers advice to dumb people who havent the slightest maturity to handle money at all. The dumber people are, the richer he gets.

Don;t you need a credit card to buy his books online? OR does he perosnally meet with everyone who wants a book so they can pay in cash?

]]> By: Anonymous http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html/comment-page-1#comment-191 Anonymous Fri, 16 Feb 2007 21:01:00 +0000 http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html#comment-191 Look, you're not a genius for figuring out that you can ride a 3% loan while your money is making 5% somewhere else. But you are ignorant if you don't factor in risk and how paying off that debt helps change mindsets. <br/><br/>I'll admit I agree with Dave Ramsey. I can't stand holding debt. It doesn't matter if I'm covering the interest. The fact that I am in debt feels dirty to me. So I live debt-free and it's wonderful. Look, you’re not a genius for figuring out that you can ride a 3% loan while your money is making 5% somewhere else. But you are ignorant if you don’t factor in risk and how paying off that debt helps change mindsets.

I’ll admit I agree with Dave Ramsey. I can’t stand holding debt. It doesn’t matter if I’m covering the interest. The fact that I am in debt feels dirty to me. So I live debt-free and it’s wonderful.

]]> By: Chris Thomas http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html/comment-page-1#comment-180 Chris Thomas Thu, 15 Feb 2007 16:04:00 +0000 http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html#comment-180 One thing I would take a little further is Dave's generosity. <br/><br/>He gives away a ton of product each year to people who legitimately need it and each of his employees also has a product allowance that we're expected to use for friends and family who need help. Listeners who are six figure earners being stupid with their cash can pay all day because the truth is, they probably won't value the information or take it as seriously unless they pay a price for it. <br/><br/>If you do it, it works every single time. <br/><br/>Nice review. One thing I would take a little further is Dave’s generosity.

He gives away a ton of product each year to people who legitimately need it and each of his employees also has a product allowance that we’re expected to use for friends and family who need help. Listeners who are six figure earners being stupid with their cash can pay all day because the truth is, they probably won’t value the information or take it as seriously unless they pay a price for it.

If you do it, it works every single time.

Nice review.

]]> By: John http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html/comment-page-1#comment-156 John Fri, 09 Feb 2007 23:53:00 +0000 http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html#comment-156 I earn $10/day playing "arbitrage games". Good gosh that's $3,650/yr. From a game! <br/><br/>This guy speaks to the desperate with a stark plan. Well, the desperate need a stark plan. But I don't. Some Ramsey droids don't comprehend rates... they can't compare a high rate to a low one, because they object ideologically. But I can compare 4.5% to 0%, so I play an arbitrage "game" and the fewer people doing it the better, so thanks Dave. I earn $10/day playing “arbitrage games”. Good gosh that’s $3,650/yr. From a game!

This guy speaks to the desperate with a stark plan. Well, the desperate need a stark plan. But I don’t. Some Ramsey droids don’t comprehend rates… they can’t compare a high rate to a low one, because they object ideologically. But I can compare 4.5% to 0%, so I play an arbitrage “game” and the fewer people doing it the better, so thanks Dave.

]]> By: moneymonk http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html/comment-page-1#comment-152 moneymonk Fri, 09 Feb 2007 16:32:00 +0000 http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html#comment-152 "his advice oversimplifies complex financial situations, and that not borrowing money is very unrealistic. His advice is almost counter-cultural, so it makes sense that some people are going to think he is a bit off."<br/><br/>I do agree. It is easy to say pay this off and buy this cash. But everyone is different.<br/><br/>I believe his notions are true. But it's just not realistic for everyone to do. Easier said than done. “his advice oversimplifies complex financial situations, and that not borrowing money is very unrealistic. His advice is almost counter-cultural, so it makes sense that some people are going to think he is a bit off.”

I do agree. It is easy to say pay this off and buy this cash. But everyone is different.

I believe his notions are true. But it’s just not realistic for everyone to do. Easier said than done.

]]> By: mybadcredit http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html/comment-page-1#comment-151 mybadcredit Fri, 09 Feb 2007 16:21:00 +0000 http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html#comment-151 Bad credit history and bankruptcy do not deprive a person of instant approval on credit cards. <br/><a HREF="http://www.newhorizon.org/Info/unsecured.htm" REL="nofollow">credit card for people with bankruptcy</a> are especially designed for people with less than perfect credit history and have had difficulties being approved for a major credit card.<br/>If you have had bad credit or bankruptcy in the past, <a HREF="http://www.newhorizon.org/Info/unsecured.htm" REL="nofollow">Bad credit credit cards</a> are especially designed for you. <br/>On the other hand, there are also <a HREF="http://www.newhorizon.org/Info/goodcredit.htm" REL="nofollow">Low Interest Rate Credit Cards</a> intended for people with good credit and are perfect for balance transfers.<br/><br/>If you wish to compare credit card services, you may take a visit to <a HREF="http://www.newhorizon.org" REL="nofollow">New Horizon Business Services, Inc</a>. Have a great day! Bad credit history and bankruptcy do not deprive a person of instant approval on credit cards.
credit card for people with bankruptcy are especially designed for people with less than perfect credit history and have had difficulties being approved for a major credit card.
If you have had bad credit or bankruptcy in the past, Bad credit credit cards are especially designed for you.
On the other hand, there are also Low Interest Rate Credit Cards intended for people with good credit and are perfect for balance transfers.

If you wish to compare credit card services, you may take a visit to New Horizon Business Services, Inc. Have a great day!

]]> By: shawn http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html/comment-page-1#comment-148 shawn Thu, 08 Feb 2007 23:42:00 +0000 http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html#comment-148 The single most important point that Ramsey drives home is that PF is mostly a behavior issue. Big deal he makes money off his books. The man deserves to make a living and as was pointed out he charges ~$40 for his events. Find another financial "guru" whose events cost anything near that. Yes his methods are simple, but for most people they are sufficient. The vast majority of people don't have the inclination, time, and skill to have a complex investment scheme. The single most important point that Ramsey drives home is that PF is mostly a behavior issue. Big deal he makes money off his books. The man deserves to make a living and as was pointed out he charges ~$40 for his events. Find another financial “guru” whose events cost anything near that. Yes his methods are simple, but for most people they are sufficient. The vast majority of people don’t have the inclination, time, and skill to have a complex investment scheme.

]]> By: Lazy Man and Money http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html/comment-page-1#comment-147 Lazy Man and Money Thu, 08 Feb 2007 22:42:00 +0000 http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html#comment-147 "You might make a few extra dollars here and there by playing arbitrage games and using rewards points, but you won’t become a millionaire by playing those games." I make at least $250 a year from reward points on credit cards that I'd pay off anyway. Some people make $1500 or more on the arbitrage games. It's not making a millionaire on it's own, but it's significant. It's funny that people will rise up to say, "make your own coffee" instead of purchasing it, and then say not college rewards points. In the end the rewards points could pay for the coffee. Or you could do both an save money on the coffee and on everything else you buy. In any event, one small habit change can't suddenly make you a millionare. However, a lot of small calculated steps can make you a millionaire. For some people making coffee at home is one of those steps. For others credit card arbitrage is one of steps. As long as you follow through with the steps you choose, these steps are mathematically close to the same.<br/><br/>As for the 10% statistic, I'd like to see the source. Every family member I have and all my friends fit into this 10% area. Maybe everyone at my college was just really fiscally responsible or I somehow fell into that group. Seems odd though.<br/><br/>As for Ramsey making money off the book and such, why not post everything on a website? I criticize Trump and Kiyosaki for their "Why We Want You to be Rich" book as well. If they really want that, make it free with an advertisement or two to support hosting costs. A PDF format would be nice for free dead tree version. Sure Ramsey probably gives away the first book, but he realizes that people will probably by the second book. Plus how much does it cost him to give a book away? The raw costs of a book are under $1. If he gives away 10 books and one person buys his next book at full price, he makes money. Give the drug away for free, hope that someone gets addicted, and collect the money.<br/><br/>I know he does a lot of good with donations. Bill Gates does a lot of donations as well. In the end, both are businessmen and neither is the next Mother Teresa.<br/><br/>Lastly, I won't say that his philosophies don't work. They obviously do. However, I don't believe they are optimal or even close to optimal. You sacrifice a lot of potential savings and gains for the sake of simplicity. I'd rather learn something 10% more complicated and make my bottom line 25% better. “You might make a few extra dollars here and there by playing arbitrage games and using rewards points, but you won’t become a millionaire by playing those games.” I make at least $250 a year from reward points on credit cards that I’d pay off anyway. Some people make $1500 or more on the arbitrage games. It’s not making a millionaire on it’s own, but it’s significant. It’s funny that people will rise up to say, “make your own coffee” instead of purchasing it, and then say not college rewards points. In the end the rewards points could pay for the coffee. Or you could do both an save money on the coffee and on everything else you buy. In any event, one small habit change can’t suddenly make you a millionare. However, a lot of small calculated steps can make you a millionaire. For some people making coffee at home is one of those steps. For others credit card arbitrage is one of steps. As long as you follow through with the steps you choose, these steps are mathematically close to the same.

As for the 10% statistic, I’d like to see the source. Every family member I have and all my friends fit into this 10% area. Maybe everyone at my college was just really fiscally responsible or I somehow fell into that group. Seems odd though.

As for Ramsey making money off the book and such, why not post everything on a website? I criticize Trump and Kiyosaki for their “Why We Want You to be Rich” book as well. If they really want that, make it free with an advertisement or two to support hosting costs. A PDF format would be nice for free dead tree version. Sure Ramsey probably gives away the first book, but he realizes that people will probably by the second book. Plus how much does it cost him to give a book away? The raw costs of a book are under $1. If he gives away 10 books and one person buys his next book at full price, he makes money. Give the drug away for free, hope that someone gets addicted, and collect the money.

I know he does a lot of good with donations. Bill Gates does a lot of donations as well. In the end, both are businessmen and neither is the next Mother Teresa.

Lastly, I won’t say that his philosophies don’t work. They obviously do. However, I don’t believe they are optimal or even close to optimal. You sacrifice a lot of potential savings and gains for the sake of simplicity. I’d rather learn something 10% more complicated and make my bottom line 25% better.

]]> By: ggreenblog http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html/comment-page-1#comment-146 ggreenblog Thu, 08 Feb 2007 21:13:00 +0000 http://www.americanconsumernews.com/2007/02/the-truth-about-dave-ramsey.html#comment-146 I bought both financial peace and the TMMO, mostly just so I could give them to people to read that really needed help, but if you enjoy the shows the books are pretty good stuff. I bought both financial peace and the TMMO, mostly just so I could give them to people to read that really needed help, but if you enjoy the shows the books are pretty good stuff.

]]>