5 ms·

For context, Dave Ramsey is a popular radio/internet personality that gives financial advice and presumably helps people get out of debt. I've seen him pop up o

For context, Dave Ramsey is a popular radio/internet personality that gives financial advice and presumably helps people get out of debt. I've seen him pop up on my feed occasionally but never paid him much attention. Sounds like that was for the best. I found a video that elaborates on some of the abuse: https://www.youtube.com/watch?v=jrXKsDjACZA https://www.youtube.com/watch?v=jrXKsDjACZA

redis_mlc 5y ago
I've watched a few episodes on Youtube. For sophisticated people: 1) his advice is not for you 2) he is a bible-thumper, so most of his advice doesn't apply after 1970 (post-modernism). His tune would change after a divorce. 3) He says school debt should be shared, which is even worse than paying for foodie calls. Legally, school debt in the US remains with the borrower and is not shared in divorce settlements, so there's no good reason to pay for somebody else's school debt. For people with no financial knowledge: 1) Dave is better than nothing. Personally I find watching his shows useful to understand societal financial illiteracy at large, rather than for anything Dave says. I once dated somebody who was innumerate (couldn't understand numbers or budgets.) That's a level of financial illiteracy you don't want in your life, trust me, since they can make a financial blunder at any time that will end your relationship: "Hey, I bought (got a loan) a new car yesterday. Can you just pay for the expenses?"
peter303 5y ago
DR has two points: 1) Any debt is bad including purchase mortgages and college loans. More sophisticated financial advisers believe some debts are better than others. 2) DR has a multi-step solution for paying off debts. This I believe is practical because it divides a large problem into more manageable pieces.
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5 ms·

For context, Dave Ramsey is a popular radio/internet personality that gives financial advice and presumably helps people get out of debt. I've seen him pop up o

by headcanon 5y ago

redis_mlc 5y ago
I've watched a few episodes on Youtube. For sophisticated people: 1) his advice is not for you 2) he is a bible-thumper, so most of his advice doesn't apply after 1970 (post-modernism). His tune would change after a divorce. 3) He says school debt should be shared, which is even worse than paying for foodie calls. Legally, school debt in the US remains with the borrower and is not shared in divorce settlements, so there's no good reason to pay for somebody else's school debt. For people with no financial knowledge: 1) Dave is better than nothing. Personally I find watching his shows useful to understand societal financial illiteracy at large, rather than for anything Dave says. I once dated somebody who was innumerate (couldn't understand numbers or budgets.) That's a level of financial illiteracy you don't want in your life, trust me, since they can make a financial blunder at any time that will end your relationship: "Hey, I bought (got a loan) a new car yesterday. Can you just pay for the expenses?"
peter303 5y ago
DR has two points: 1) Any debt is bad including purchase mortgages and college loans. More sophisticated financial advisers believe some debts are better than others. 2) DR has a multi-step solution for paying off debts. This I believe is practical because it divides a large problem into more manageable pieces.
- deleted 5y ago
  [deleted]