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I think your being a bit generous. I listened to the entirety of Dave Ramsey's 'Financial Peace University' series and I don't remember him once mentioning the
by ghostly_s 10y ago
I think your being a bit generous. I listened to the entirety of Dave Ramsey's 'Financial Peace University' series and I don't remember him once mentioning the concept of "good debt". In fact, here it is, on his site:
>Myth: Debt is a tool and should be used to help create prosperity.
>Truth: Debt isn’t used by wealthy people nearly as much as we are led to believe.
http://www.daveramsey.com/blog/the-truth-about-debt http://www.daveramsey.com/blog/the-truth-about-debt
- brightball 10y agoTrue. In the context of Kioski he talks about some debt almost entirely around real estate.
- Spellman 10y agoDave Ramsey is extremely anti-debt. With the exception of buying your house. But then only if you 20% down and 15-yr mortgage. And, let's face it, for the demographic he is targeting that's great advice. Most got into their situation due to poor handling of debt. However, the vast majority of other financial advisers in the world, and economists, agree that with good management debt can be very beneficial. Dave Ramsey is not the Financial God. He has a very simplified, easy-to-follow program designed for a specific set of individuals. And, honestly, the majority of people would do well to follow it to the letter. But that doesn't mean EVERYONE should for EVERY situation.