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The biggest issue with Dave Ramsey is his investing advice. He recommends investing in mutual funds that are actively managed and to judge a fund based on past
by woldemariam 8y ago
The biggest issue with Dave Ramsey is his investing advice. He recommends investing in mutual funds that are actively managed and to judge a fund based on past performance [0].
I don't agree with Dave Ramsey's investing advice but I 100% agree with his getting out of debt advice. In 2014, I landing a job paying $80,000 a year. At the time I had $30,000 in student loans. I followed Dave Ramsey's advice; I threw nearly all my income at my debt, anywhere from $3000-$3500 a month. It took my a year to finish paying it off. Half way through the process, I had to take a break for two months to replace my car (I got a used Prius for $7000). Through it all what kept me going was listening to his radio program.
Debt it dumb, cash is king.
[0] https://www.daveramsey.com/blog/how-to-choose-the-right-mutual-funds https://www.daveramsey.com/blog/how-to-choose-the-right-mutu...