polksalet Posted April 24, 2009 Share Posted April 24, 2009 DTV ch 359 Kind of nice to hear some positive news here lately. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted April 24, 2009 Share Posted April 24, 2009 No. I hate to see fools and their money parted. Quote Link to comment Share on other sites More sharing options...
Chief Dick Posted April 24, 2009 Share Posted April 24, 2009 I have an easy financial plan. Don't Spend More Than You Earn. Quote Link to comment Share on other sites More sharing options...
polksalet Posted April 24, 2009 Author Share Posted April 24, 2009 No. I hate to see fools and their money parted. no joke, I should have put my money with Madoff Quote Link to comment Share on other sites More sharing options...
Square Posted April 24, 2009 Share Posted April 24, 2009 No. I hate to see fools and their money parted. Mkay. Not really sure what you mean. I'm not watching the show, but I'm a fan of Ramsey. He's not perfect but a lot of people could use some of his influence. People need to act their wage! Quote Link to comment Share on other sites More sharing options...
Chief Dick Posted April 24, 2009 Share Posted April 24, 2009 Dave Ramsey is personally responsible for the recession. Yeah, great idea Dave. Have everyone save money and not spend it on frivolous crap. The only one making money in this economy is Dave Ramsey. Quote Link to comment Share on other sites More sharing options...
polksalet Posted April 24, 2009 Author Share Posted April 24, 2009 Mkay. Not really sure what you mean. I'm not watching the show, but I'm a fan of Ramsey. He's not perfect but a lot of people could use some of his influence. People need to act their wage! He doesn't know either, its called a conditioned response Quote Link to comment Share on other sites More sharing options...
Puddy Posted April 24, 2009 Share Posted April 24, 2009 I have an easy financial plan. Don't Spend More Than You Earn. That is Dave Ramsey's plan as well. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted April 24, 2009 Share Posted April 24, 2009 Mkay. Not really sure what you mean. I'm not watching the show, but I'm a fan of Ramsey. He's not perfect but a lot of people could use some of his influence. People need to act their wage! He doesn't know either, its called a conditioned response People pay Ramsey money to hear him speak, buy his books and so on when all they need is succinctly encapsulated in post #3 above. Quote Link to comment Share on other sites More sharing options...
polksalet Posted April 24, 2009 Author Share Posted April 24, 2009 People pay Ramsey money to hear him speak, buy his books and so on when all they need is succinctly encapsulated in post #3 above. weird, this was free tonight but I assume you already knew that Quote Link to comment Share on other sites More sharing options...
KevinL Posted April 24, 2009 Share Posted April 24, 2009 I watched, they had a simulcast at our church, about 100 people there. Quote Link to comment Share on other sites More sharing options...
Double Agent Posted April 24, 2009 Share Posted April 24, 2009 I like Ramsey. I always get a kick out of clients who don't like him but still have credit card debt. Some people hate to hear the truth. Quote Link to comment Share on other sites More sharing options...
Retrograde assault Posted April 24, 2009 Share Posted April 24, 2009 We are debt free partly because my wife listened to him and I listened to her. House, credit cards, cars, the whole shooting match. May still have to pay for part of my youngest son's college education, but thats ok. Quote Link to comment Share on other sites More sharing options...
Double Agent Posted April 24, 2009 Share Posted April 24, 2009 We are debt free partly because my wife listened to him and I listened to her. House, credit cards, cars, the whole shooting match. May still have to pay for part of my youngest son's college education, but thats ok. Quote Link to comment Share on other sites More sharing options...
Retrograde assault Posted April 24, 2009 Share Posted April 24, 2009 I think most of it is just common sense, tighten your belt, quit living beyond your means kinda stuff. Quote Link to comment Share on other sites More sharing options...
Square Posted April 24, 2009 Share Posted April 24, 2009 (edited) People pay Ramsey money to hear him speak, buy his books and so on when all they need is succinctly encapsulated in post #3 above. That's like saying that Weight Watchers is a scam because people should know if they eat less, they will lose weight. The 10 bucks his book cost me as more than paid for itself. At about 25 I got out of debt and have never gone back (except for a mortgage). One of the first thing he tells you in his class is that he didn't make any of this stuff up himself, he has just packaged it well. It's basically taking care of money the way your grandparents did. It's simple advice that has a profound impact on the people who listen. EDIT... Anyway, how did the town hall thing go? I've been working on my new house (that I could afford thanks to Dave's advice) so much that I haven't had a chance to watch much TV. Edited April 24, 2009 by Square Quote Link to comment Share on other sites More sharing options...
TimC Posted April 24, 2009 Share Posted April 24, 2009 I completely respect Dave Ramsay for what he does. His "sales stuff" isn't being pushed down your throat and it's just a way to supplement the good he does. I'm sure he's not making a fortune off it. It sure beats the Fidelity Investment commercials and other investment houses that are nothing but crooks. My 401(k) is with Fidelity Investment and their stupid gay little green arrow sure didn't point me to sell everything before the market tanked and even with taxes and penalties I still would've come out decades ahead. Stupid little green arrow. Sure, he preaches mostly common sense stuff, but it's what's needed...especially in this day and age. You listen to the voices of the debt-ridden people that call into him and it shocks you into never falling into that trap. I've been debt-free (outside of mortgage) since I crawled my way out after school and people like Dave Ramsay help reinforce why I'll never fall back into high-interest, no asset nutso debt again in my life. I actually want to pay when he comes around next time to show my appreciation for what he does to help. He's not a rip-off artist by any means IMO. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted April 24, 2009 Share Posted April 24, 2009 That's like saying that Weight Watchers is a scam because people should know if they eat less, they will lose weight. Sure, he preaches mostly common sense stuff, but it's what's needed...especially in this day and age. You listen to the voices of the debt-ridden people that call into him and it shocks you into never falling into that trap. I've been debt-free (outside of mortgage) since I crawled my way out after school and people like Dave Ramsay help reinforce why I'll never fall back into high-interest, no asset nutso debt again in my life. I actually want to pay when he comes around next time to show my appreciation for what he does to help. He's not a rip-off artist by any means IMO. OK, fair enough. I still maintain that anyone with half a brain knows that spending more than you earn (like eating more calories than you burn) is a recipe for problems but I understand that some folks have a problem with figuring it out themselves and therefore Ramsey does provide a benefit. Quote Link to comment Share on other sites More sharing options...
Double Agent Posted April 24, 2009 Share Posted April 24, 2009 OK, fair enough. I still maintain that anyone with half a brain knows that spending more than you earn (like eating more calories than you burn) is a recipe for problems but I understand that some folks have a problem with figuring it out themselves and therefore Ramsey does provide a benefit. You're right Ursa. Problem is most of America is wrong. The reason we're in this mess is because of people trying to buy chit they can't afford. Sadly, probably the vast majority of people need to be told this stuff. Quote Link to comment Share on other sites More sharing options...
Big Country Posted April 24, 2009 Share Posted April 24, 2009 You're right Ursa. Problem is most of America is wrong. The reason we're in this mess is because of people trying to buy chit they can't afford. Sadly, probably the vast majority of people need to be told this stuff. Even more sadly, the vast majority of people, after being told this stuff, will want someone else to provide the quick fix for them, be it a government bailout of credit card debt for economic (equivalent to gastric bypass surgery in non-extreme cases for the overweight). Much like losing weight and keeping it off, getting out of debt and staying there is a lifestyle change, not a 6 month diet that is unsustainable. Quote Link to comment Share on other sites More sharing options...
TimC Posted April 24, 2009 Share Posted April 24, 2009 OK, fair enough. I still maintain that anyone with half a brain knows that spending more than you earn (like eating more calories than you burn) is a recipe for problems but I understand that some folks have a problem with figuring it out themselves and therefore Ramsey does provide a benefit. We're not allowed to turn this political....but our own Gubments (all layers) don't seem to mind spending more than they earn. Much more. Quote Link to comment Share on other sites More sharing options...
TimC Posted April 24, 2009 Share Posted April 24, 2009 I can see some instances where he turns people off. His financial advice is very simplistic. But it's usually for a simplistic people. You don't want to get too complicated with the dummies that have gotten themselves into this mess. Most complaints about him are he recommends the debt snowball. Pay off your lowest balance, then roll that into the next highest, then the next. Of course, it's better to pay off the high interest balances first, but you're dealing with short-sighted, self-rewarding people with very little self-control that need some form of satisfaction quickly and getting rid of one balance performs that for them. Using Big Country's analogy, it's better to lose a pound a week for these people than going months without results and then all of a sudden dropping 10 pounds. Most will quit before they see that 10 pounds. Quote Link to comment Share on other sites More sharing options...
Square Posted April 24, 2009 Share Posted April 24, 2009 OK, fair enough. I still maintain that anyone with half a brain knows that spending more than you earn (like eating more calories than you burn) is a recipe for problems but I understand that some folks have a problem with figuring it out themselves and therefore Ramsey does provide a benefit. When you do the stats, there are a ton of people that are over-consuming and can't afford their own lifestyle. It's not really my issue but I think a lot of the foreclosures (that we are all now involved in) would have been a much smaller deal if more people listened to this common sense type advice. I think one of my favorite sayings of Dave's is "Normal's broke. Why would I want to be normal?" That and, "most people spend money they don't have, to buy stuff they don't need, to impress people they don't really like". Quote Link to comment Share on other sites More sharing options...
KevinL Posted April 24, 2009 Share Posted April 24, 2009 (edited) When you do the stats, there are a ton of people that are over-consuming and can't afford their own lifestyle. It's not really my issue but I think a lot of the foreclosures (that we are all now involved in) would have been a much smaller deal if more people listened to this common sense type advice. I think one of my favorite sayings of Dave's is "Normal's broke. Why would I want to be normal?" That and, "most people spend money they don't have, to buy stuff they don't need, to impress people they don't really like". Ramsey quoted an interesting stat last night: 60% of the foreclosures were in 5 states. 50% were in 35 counties. Edited April 24, 2009 by KevinL Quote Link to comment Share on other sites More sharing options...
muck Posted April 24, 2009 Share Posted April 24, 2009 Ramsey quoted an interesting stat last night: 60% of the foreclosures were in 5 states. 50% were in 35 counties. That is incredible. The five states are??? AZ, CA, NV, FL and either OH or MI, I'm guessing? Quote Link to comment Share on other sites More sharing options...
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