Years ago, God told me the age of big churches was over. They disgrace themselves over and over, and they turn people into pastor-worshipers.
Because I have not read a basic financial book in a while, I thought I should see what all the hoopla is about. In fact, this is the same basic information that most conservative financial advisers regurgitate. However, I prefer my gurus to be unique in their guidance.
It seems odd for someone to be so boisterous about their opinions when it is the same thing a handful of other people are spouting. Basics are basics, so I tried to keep an open mind.
The Dave Ramsey Dilemma: These are people who have very little financial knowledge or discipline. I was a bankruptcy paralegal for many years.
I saw what debt, when used improperly, could do to someone. Ramsey provides solid advice for doing whatever is necessary to increase income, build an emergency fund, and use the snowball method to pay down debt.
If someone is unfamiliar with these activities, by all means, read Dave Ramsey—or almost any other conservative financial adviser.
Our society is one that is wrought with consumerism. As I write this, Christmas still lingers in our memories. If you find yourself drowning in credit card debt, Dave Ramsey is a good place to start to dig yourself out.
Nevertheless, there are several areas in which his advice is lacking. Everyone is an Idiot or Moron Granted, this is not about his advice, and he may be the smartest person in the world.
Just because you write a few books and consider yourself an authority, it does not make all other opinions invalid because they contradict yours. These guys are idiots. I understand that some people want to get rid of all debt, and that is a road you are welcome to take, especially as you near retirement.
There are investors from both sides of this argument, and it is really a matter of personal preference. Over-leveraging is a dangerous game, but an income-producing property is still an income-producing property, even in a crash assuming you still have tenantsif you set it up right in the beginning.
It all comes down to structuring the deal. There is NO positive side to credit card use.
Again, I will point out that I have seen that credit cards, when used improperly, can wreak havoc on a person financially. Growing up, I too was preached at about the evils of credit card use. Not that it matters, but I also believe the introduction of credit cards into the marketplace has been a downfall and large contributor to inflation and the current financial mess our country is in.
On the other hand, credit cards are a part of our society, and more importantly, they are a huge factor in how our credit scores are calculated. You can absolutely use them responsibly and receive great benefit from doing so. A mix of credit is necessary to maximize your credit score, and I am not sure it is possible to do so with no revolving debt.
I would love to be proven wrong, though. Dave Ramsey is Wrong: Also, mortgage lenders are more likely to lend to you if you avoid credit cards. It has been my experience that mortgage lenders care about your credit score and your use of credit properly.
More importantly, it is almost impossible to qualify for a mortgage if you have made no effort to re-establish your credit.
I could go on and on, but I already feel people picking up their pitchforks. I may just have an aversion to gurus and people who act like they know everything. Certain aspects of that is good advice for everyone. You should absolutely save money and have a financial cushion, but make your money work for you to achieve more than just a frugal life.
Also, you must learn how to play the credit game, unless you plan on only surviving on cash for the rest of your life.Steve, yesterday you said you weren’t going to shop at Dick’s for sporting goods any more because of they were going to stop selling “assault style weapons.”.
Oct 10, · Steve Jobs is also overrated, especially since his death. The number of people claiming that he wouldn't do things or would have done better are just . A punishing paid obituary exposing a woman’s affair in small-town Minnesota in the s forced a review of what’s fair to say about the departed.
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Even my favorite book on software project management, "The Mythical Man-Month", assumes that you need schedule estimates. Oct 05, · In their announcement of founder Steve Jobs' death, at age 56, Apple officials did not mention a specific cause of death.
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