4 ms·
I really don't think Dave Ramsey is a good source of information for very many people. The debt snowball method is the best example of this. There's no reason a
by cman1444 4y ago
I really don't think Dave Ramsey is a good source of information for very many people. The debt snowball method is the best example of this. There's no reason anyone should be employing that strategy unless they just need the mental satisfaction of paying off "a debt" to get on the right headspace to pay off the rest.
- jmathai 4y agoThat’s a common counter argument. But if you listen enough then you understand that he (correctly) identifies that personal finance is more psychology than math. And the aggressive debt repayment he advocates makes the accrued interest trivial. People who follow his plan pay tens of thousands of dollars in debt off in 1-2 years on modest incomes.