PapaPark

One of the best things someone did for me with regard to money was introduce me to Dave Ramsey.

http://www.daveramsey.com

He has a show every afternoon and you can find his archives online. The show is all about listeners calling in asking advice on how to get out of debt.

http://www.daveramsey.com/tdrs/

__________________
| Σωκράτης | ἔλεγχος | By all means, marry. If you get a good wife, you'll become happy; if you get a bad one, you'll become a philosopher |

beeseries

0% balance transfers ftw

__________________
07 Dirtymax 4x4 CCSB with Cognito goodies.

csingham

So what does he have for me? I'm already out of debt...but still broke

__________________


"When your screwing up and no one is saying anything; they've given up on you"-Randy Pausch RIP http://images.honda-tech.com/set1/smile/embeer.gif

PapaPark

A way to spend your money wisely.

__________________
| Σωκράτης | ἔλεγχος | By all means, marry. If you get a good wife, you'll become happy; if you get a bad one, you'll become a philosopher |

El ToroFuerte

I actually read his 1 book and it was great! Does give advice. Im going to buy some of the others later on. But all of these books wont help if u do not follow them or attempt to do

__________________
Full Tilt: El Torofuerte75
Ultimate Bet/PokerStars: 2Gun Kid
360 GamerTag: El TOROFUERTE Those are zero's instead of "o"
Postgame Sports Discussion Forum

***********

PapaPark

Thanks for chiming in.

It doesn't seem like Dave Ramsey is popular in this forum so I'm glad to see someone who reads his stuff.

__________________
| Σωκράτης | ἔλεγχος | By all means, marry. If you get a good wife, you'll become happy; if you get a bad one, you'll become a philosopher |

gdrum

I listen to him everyday in the car, then follow up with the rest of his shows at work. I believe in everything he does and says. I suggest it to most people, but when I have its like shocking that you can live debt free so I try to keep it to myself anymore. After listening to him for a few months, its showed me that this is the way I want to live my life.,.,

__________________
95 BMW M3
04 G35 6MT

Token Blk Guy

Debt free is and always will be the way to go!

Eddie glad you had the oppertunity to read some of his stuff. Great information!

__________________
Transamerica Financial Advisors
Life/Health Insurance, Investments, Retirement, Advisory Services
Ca Lic# 0G23657, Tx Lic# 1527755
Californians, Need Health Insurance?

PapaPark

I listen to him everyday as well.I've been listening to him almost a year now

__________________
| Σωκράτης | ἔλεγχος | By all means, marry. If you get a good wife, you'll become happy; if you get a bad one, you'll become a philosopher |

Whats Up DOHC

It's not rocket science. Live below your means and pay off your debts. Pay your bills on time. There I saved you the trouble lol

__________________
http://images.honda-tech.com/set1/smile/emthup.gif

gdrum

To the average american, that concept is hard to grasp.

__________________
95 BMW M3
04 G35 6MT

uncle

You know it's almost bad advice to tell someone to live debt free. Not all debt is bad.

If you have a mortgage that is at a relatively low rate then paying the minimum and investing the rest will yield you more money in the long run than paying off your house as fast as possible. The same goes for all low/no interest loans.

Of course if you are too weak to control yourself then you can take the easy and less profitable way of living debt free.

__________________

xrupertx

You are 100% correct but that’s the problem most people can’t control themselves and their situation spirals out of control because they have no discipline.

On topic: I listen to the radio show when I can and then my wife started listening to it as well. Now we are taking the class. I don’t really think we need to because we are not in debt at all and I have always lived that way. But I handle most of the finances and if she wants to learn more about the “right” way to handle money then I’m for it.

Whats Up DOHC

Yea people forget the house you are living in really shouldnt be looked at as an investment, we've seen the market and how volatile real estate can be, not to mention unlike more liquid investments houses are hard to sell, and you will always need one

To an extent, for the short term renting something below your means and investing your free money is better than jumping into ownership too early...

Build a wealth base and go from there. That's what I plan to do

__________________
http://images.honda-tech.com/set1/smile/emthup.gif

Fenrir51

When I PCSed to my duty station they gave us a class using some of his videos.

__________________
Just remember what ol' Jack Burton does when the earth quakes, the poison arrows fall from the sky, and the pillars of Heaven shake. Yeah, Jack Burton just looks that big old storm right in the eye and says, "Give me your best shot. I can take it."

You forgot your fortune cookie.
What?
It says youre shit outta luck.
*bang*

PapaPark

This is bad advice!!!!

All debt is bad.

Tell me good debt.

A tax write off? HAH that is laughable.

__________________
| Σωκράτης | ἔλεγχος | By all means, marry. If you get a good wife, you'll become happy; if you get a bad one, you'll become a philosopher |

nojoke

No offense, but you come off as a close minded idiot when it comes to debt. Uncle gave you an example where HE IS PERSONALLY making 5k from CC debt.

Good debt? How about an interest free loan from a credit card company for a year, would you consider that bad debt?

I agree with you that credit card debt is definitely bad with the astronomical rates they charge, but the assumption you're making with uncle's example is that everybody that takes out any loan will default 100% of the time which will ruin their credit. You are wrong, if you are disciplined you can make money off of credit cards. There are a slew of credit cards that offer 3% and 5% back FOR PURCHASES THAT YOU WOULD NORMALLY MAKE ANYWAY. Why wouldn't you take advantage of this?

uncle

Did I even mention a tax write off? No. Take you own advice and READ.

I said that with low/no interest loans for items within your means it is often much better for your bottom line to pay the minimum and invest the rest over time in the stock market. This is specifically goof for mortgages because you will stay in the market for the long term.

I personally only buy other large ticket items when I have the cash however if I can finance @ 0% then spending that kind of cash when I will make more money by financing is purely idiotic.

__________________

uncle

Too weak to resist temptation.

__________________

PapaPark

If he has debt then he isn't making 5k now is he?

Smart enough to do it other ways.

__________________
| Σωκράτης | ἔλεγχος | By all means, marry. If you get a good wife, you'll become happy; if you get a bad one, you'll become a philosopher |

PapaPark

The whole purpose of this thread was to introduce Dave Ramsey into the lives of others.

You think it's idiotic? This guy has been crunching numbers longer than you've been alive.

I'm only following his advice.

Listen to the show and read his book and you tell me if he is an idiot?

__________________
| Σωκράτης | ἔλεγχος | By all means, marry. If you get a good wife, you'll become happy; if you get a bad one, you'll become a philosopher |

rochesterricer