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Is Dave Ramsey prole flame?
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Date: January 19th, 2020 2:18 PM Author: translucent rehab Is any of his advice useful to a BIGLAW bro? (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455511) |
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Date: January 19th, 2020 3:07 PM Author: boyish copper national No. (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455711) |
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Date: January 20th, 2020 12:22 AM Author: Light Jewess You are in the top 1%. Focus on sanity, not cash flow. Your job is terrible and even highly-motivated biglaw people leave before partnership because they value the time they have on this earth more than the number they see in their savings account. (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39458152) |
Date: January 19th, 2020 2:19 PM Author: startled ceo helpful for becoming a weird miser yeah up to you if it's worth it |
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Date: January 19th, 2020 2:29 PM Author: stirring shivering mad-dog skullcap someone linked to a guy's youtube channel w/ tons of videos about the particulars of Ramsey and Grant Cardone's respective fraudlies. the channel is called 'meetkevin' i think. both ramsey and cardone sued him and lost. ramsey seems like a sleaze. |
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Date: January 19th, 2020 2:34 PM Author: Angry native why does xo hate dave ramsey? he advocates severely restricting federal loans for college students. (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455576) |
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Date: January 19th, 2020 2:37 PM Author: stirring shivering mad-dog skullcap because he has like 4 simple ideas, but he's built a jewish empire selling useless books and 'seminars' to proles. and the holier-than-thou schtick is offensive, given what a money-grubbing slumlord he is. (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455588) |
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Date: January 19th, 2020 2:55 PM Author: translucent rehab Slumlord? (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455660) |
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Date: January 19th, 2020 3:04 PM Author: drab spectacular son of senegal Slightly ironic given that Ramsey's whole debt-free philosophy comes from having overleveraged shitty apartment buildings right before the S&L crisis and getting burned. (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455701) |
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Date: January 19th, 2020 2:57 PM Author: Cyan multi-colored doctorate market He's great advice for almost all of are country, even if it's not perfect advice in all respects. For a biglawyer, just spend less than you earn, pay your debt down aggressively, and don't be a moron about money. Do that and you'll never need Dave Ramsey. (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455667) |
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Date: January 19th, 2020 2:57 PM Author: Galvanic unholy set all personal finance "advice" is flame. all you have to do is spend less than you make. that's all there is to it. (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455670) |
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Date: January 19th, 2020 3:01 PM Author: Flushed Supple Theatre Police Squad DR is great for lower middle class people who have a toxic relationship with debt and cant spend within their means. (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455689) |
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Date: January 19th, 2020 3:06 PM Author: contagious sepia site sound barrier dave ramsey advice is almost entirely CR, and applies equally to a prole goy construction worker and a prole goy biglawyer making 200k and spending like he's making $2m/yr.
dave ramsey's advice is the same shit every other personal finance guru says -- live frugally, dont overspend on goy garbage, don't take on debt, save money, invest, etc. |
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Date: January 19th, 2020 3:16 PM Author: startled ceo deal only in cash to hack your brain into spending less (?) (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455754) |
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Date: January 19th, 2020 3:08 PM Author: boyish copper national Snowball your debt and buy my advertisters' mutual funds with higher fees! (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455714) |
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Date: January 19th, 2020 3:30 PM Author: Splenetic den mood He's just the money version of a motivational speaker: I don't need him and am embarrassed for those who do, but there's nothing *wrong* with what he's saying, and it appears that a great many women, weak men, and (esp. with Ramsey) people from trashy families benefit from being repeatedly told what comes obvious to better people.
He just says an obviously decent message over and over and over and over again. I think the real key to his success / uniqueness in his product is being charismatic and staying fresh. |
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Date: January 19th, 2020 3:33 PM Author: boyish copper national "but there's nothing *wrong* with what he's saying"
Yes, there is.
Example: Mutual funds are worse than equivalent ETFs, but he promotes mutual funds. |
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Date: January 19th, 2020 3:38 PM Author: startled ceo don't buy ETFs because I can't make money from them! (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455845) |
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Date: January 19th, 2020 3:40 PM Author: contagious sepia site sound barrier That's a relatively minor technical detail in the grand scheme of his advice. (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455860) |
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Date: January 19th, 2020 3:46 PM Author: Splenetic den mood Hahahaha. Yeah bro, I'm sure the quintessential Dave Ramsey listener -- an overweight fifth-generation Sotch-Irish immigrant couple with 3 quasi-luxury cars and spending $55K/year on going out to eat (considering themselves "foodies" and superior to their neighbors because they don't go to Applebees) and cannot understand why their bank account number is so low -- would be WAY WORSE OFF if they listened to Ramsey and started investing in mutual funds instead of buying electronics.
Are ETFs harder to set up? Can they be fucked up more easily by a retard? (My money is managed entirely by third parties who charge exorbitant fees -- because that is a condition placed on the money by many-great-grandparents who earned it -- so I don't know anything about this shit.) Either of those is an adequate reason to recommend mutual funds.
I even buy whole life insurance -- which I was taught growing up is exclusively for UBER PROLES -- because of the tax benefits of providing it through my business. |
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Date: January 19th, 2020 8:46 PM Author: cerise dashing church building blood rage I also have a trust fund. (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39457338) |
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Date: January 19th, 2020 11:51 PM Author: boyish copper national "Are ETFs harder to set up?"
Easier. You can get them just about anywhere, and you don't have to buy a minimum dollar amount. You can buy one share if you want.
"Can they be fucked up more easily by a retard?"
No. It's about the same. The big difference is that ETFs can be sold during the day (not just at the closing price). Ramsey says that's better because it discourages day trading, but that's horseshit. Day traders generally wouldn't use either, and someone sophisticated enough to want to day trade ETFs wouldn't care about Ramsey's advice in the first place. |
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Date: January 19th, 2020 3:33 PM Author: Floppy sadistic travel guidebook Summon: Julia (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455824) |
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Date: January 19th, 2020 3:36 PM Author: odious parlour He and Grant Cardone are 180, so of course a bunch of risk adverse loancuck lawyers on xo would hate them both (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455838) |
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Date: January 19th, 2020 3:37 PM Author: startled ceo what does Cardone say, sum it up (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455843) |
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Date: January 19th, 2020 3:38 PM Author: odious parlour win (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455844) |
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Date: January 19th, 2020 3:38 PM Author: startled ceo "Born: March 21, 1958 (age 61 years), Lake Charles, Louisiana, United States Nationality: American Spouse: Elena Lyons (m. 2004) Education: La Grange High School, McNeese State University Children: Scarlett Cardone, Sabrina Cardone" every line of this is a loss |
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Date: January 19th, 2020 3:39 PM Author: odious parlour risten!! (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455854) |
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Date: January 19th, 2020 3:42 PM Author: startled ceo http://www.xoxohth.com/thread.php?thread_id=4200374&mc=1&forum_id=2 (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39455865) |
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Date: January 19th, 2020 4:20 PM Author: translucent rehab (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39456050) |
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Date: January 19th, 2020 4:31 PM Author: frisky wrinkle He's good on most things. I disagree about getting a 15 year mortgage over a 30 year. (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39456096) |
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Date: January 19th, 2020 4:35 PM Author: odious parlour sup Schlomo! just do pay more money in interest hehe |
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Date: January 19th, 2020 4:40 PM Author: frisky wrinkle Wouldn't you rather invest the extra money? (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39456138) |
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Date: January 19th, 2020 4:45 PM Author: odious parlour Found the lawyer "let's assume everything works out, therefore..." |
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Date: January 19th, 2020 4:51 PM Author: Vibrant Talking Mother Lettuce Few actually do this.
That said, I also prefer 30 over 15. Incomes can fluctuate. No need to burden yourself with a high monthly payment. If you do well over the years, you can always make bigger payments or one large payment. |
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Date: January 19th, 2020 8:55 PM Author: Cyan multi-colored doctorate market This never fucking happens (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39457374) |
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Date: January 19th, 2020 11:53 PM Author: boyish copper national What? People invest money all the time. (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39458071) |
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Date: January 19th, 2020 11:52 PM Author: boyish copper national Having the option but not obligation to make extra payments is valuable to most.
But it's possible that some of his retarded fans need to have self-control imposed by the terms of the note. |
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Date: January 19th, 2020 4:33 PM Author: arousing turquoise ratface garrison he's what u get when u take standard financial planning advice and then add a couple of twists for people with poor self control, eg the snowball method of paying down debt and taking out shorter mortgages. (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39456101) |
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Date: January 19th, 2020 8:49 PM Author: cerise dashing church building blood rage I don't enjoy the fakeness and Dumbness of the callers and how Blunt and know-it-all he is when talking to Lower Proles. He is just a random bald internet poster, exeunt is 100x better at financial shit imho. A lot of the pull that this sort of thing has is just people being self-righteous, laughing at their inferiors. Or being in awe of the Fake caller who earned immense sums and needs to cut back on spending. The prole mind is vulnerable to this sort of thing imho. |
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Date: January 19th, 2020 9:10 PM Author: Bearded carnelian base My issue with him is he acts like he's some personal finance god when he gives the most basic advice possible. His advice is things like "pay off your debt" and "don't spend money on vacations". Probably okay advice for average person but not really applicable for a lawyer who makes $200,000 but has $200k in law school debt, and can get a 2.0% car loan.
I'd much rather take finance advice from the people in California who bought houses with interest only loans right after the crash, drive SUVs where they fully depreciate them in year one, etc.
Like if the McCourt family (who bought the Dodgers despite having no money) and sold them for $2 billion is giving finance advice, I want to talk to them. Not someone who says to never have a credit card.
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Date: January 19th, 2020 9:12 PM Author: startled ceo how do you profit from depreciation (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39457424) |
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Date: January 19th, 2020 9:25 PM Author: Bearded carnelian base https://www.financialsamurai.com/tax-rules-for-buying-a-vehicle-and-deducting-as-a-business-expense/ (http://www.autoadmit.com/thread.php?thread_id=4425055&forum_id=2#39457472) |
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Date: January 20th, 2020 12:24 AM Author: heady insecure legend I listened to him briefly back in 2009 or so, and IIRC he literally advised paying off your smallest debts first regardless of interest rates. For example, he would advise paying off a $5000 student loan with a 5% interest rate before touching a $7500 credit card debt with a 23% penalty rate. I think this was the “debt snowball” strategy mentioned elsewhere ITT.
He also had entire episodes (like one in five or so, way too many) dedicated to proles calling in to say how they paid off their debts using his advice and it was a catchphrase for the callers to say “I’m/we’re debt free!” In one particular instance there was several second of radio silence or dead air or whatever while the caller gathered his wife and kids so they could all say “we’re debt free!” together and Dave Ramsay got MAF and told him they needed to hurry up.
Honestly the entire show is basically a TL,DR way of saying to avoid debt like the plague and live as frugally as you can to avoid it at all costs and pay it off as quickly as possible. Not necessarily terrible advice but completely lacking in nuance or sophistication. xoxo is not the show’s target audience even if most of us could use the occasional reminder not to spend like idiots. |