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Dave 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 dem
by Spellman 10y ago
Dave 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.