Comments on: Dave Ramsey Gets on my Nerves http://allfinancialmatters.com/2007/02/07/dave-ramsey-gets-on-my-nerves/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Fri, 20 Nov 2009 19:56:44 -0800 http://wordpress.org/?v=abc hourly 1 By: frank e ihrer http://allfinancialmatters.com/2007/02/07/dave-ramsey-gets-on-my-nerves/comment-page-2/#comment-439463 frank e ihrer Fri, 25 Sep 2009 22:16:50 +0000 http://allfinancialmatters.com/?p=1565#comment-439463 I have a book for sale for $300.00 here it is: 1. pay cash for everything! 2. don't eat out, only eat mac'n cheese and pork'n beans! 3.never ever buy anything new! 4. pay cash for everything. 5.pay cash for everything! 6. buy my book for $300.00 I have a book for sale for $300.00
here it is:

1. pay cash for everything!
2. don’t eat out, only eat mac’n cheese and pork’n beans!

3.never ever buy anything new!

4. pay cash for everything.
5.pay cash for everything!
6. buy my book for $300.00

]]> By: IndianaTeacher http://allfinancialmatters.com/2007/02/07/dave-ramsey-gets-on-my-nerves/comment-page-2/#comment-434785 IndianaTeacher Sun, 16 Aug 2009 06:34:34 +0000 http://allfinancialmatters.com/?p=1565#comment-434785 I have listened to a few of Ramsey's shows. To me he is neither a "guru" nor just a "salesman." Here's what I think: 1. Steps 1-3 of his plan are indeed simplistic, but logical and highly effective; after all, there is really only one way to pay off debt: PAYING IT OFF. However, that requires the kind of self-discipline many people just don’t have or don’t think they have. Ramsey provides the kind of enthusiastic support that many people need if they are hopelessly mired in debt. He acknowledges their struggle, gives them a “community,” and even provides a celebration, a ritual almost, if they succeed (debt-free scream). That is Dave Ramsey’s real strength. His compassion with people (to whom he often gives his books for free) is quite apparent, and I believe he/his books do change lives. I was once inspired by the book “Your Money or Your Life” (by Robin and Dominguez), but I have never seen a champion of debt-free living like Dave Ramsey. In that respect he’s my kindred spirit, and I am thrilled that he is making this concept cool. I am almost sad that I was completely debt free eight years before I happened upon Ramsey's show. Now I will never be able to partake in the ritual scream.:-) 2. Steps 4-6 make sense as well, but the order is not that important. I, for ex., paid off my mortgage before really turbocharging my retirement savings. The order of any of the steps can be tweaked, really. Many bloggers have come up with all kinds of logical adaptations such an increased emergency fund right from the start in these shaky economic times. 3. Step 7 (’get wealthy and give”) is more an afterthought than any real “step,” and Ramsey’s investment advice is generic (”a good growth-stock mutual fund”) and flawed. Assuming the stock market returns 12% on average, he repeatedly tells people to take out 8% of their retirement funds annually. That is TWICE as much as anyone else recommends. Anyone following that “advice,” especially in this market, would definitely outlive his money. People seeking investment advice should read Money Magazine or Kiplinger. 4. Ramsey’s take on credit cards is illogical. Calling everyone who’s using a credit card “stupid” is, hm, stupid. Sure, people with $30k cc debt need to cut up their cards, but people who pay off the balance every month can obviously handle them. I understand that it is possible to get by without credit and a credit history, but why make life more difficult than it has to be?! 5. The Christian aspect does not bother me since common sense always comes first on his show. In addition, he is very clear and open about his bias, his political bias as well. I also relate to many of the values that come up on his show, such as children honoring their parents. As a high school teacher, I hear my share of kids complaining about their parents. I often tell them that there is no religion or culture on earth that advocates treating your parents with disrespect. They all say something along the lines of honoring your parents. [Just because it's in the Bible doesn't mean it's not true.:-)] In conclusion, Dave Ramsey is a really decent guy who is helping many people who otherwise would not find their way out of the mess they’re in. For those of us already debt free, he provides a great service to the indebted masses or perhaps just good entertainment. In any case, he helps changing the attitude toward consumer debt in this country, and that is definitely necessary! I have listened to a few of Ramsey’s shows. To me he is neither a “guru” nor just a “salesman.” Here’s what I think:
1. Steps 1-3 of his plan are indeed simplistic, but logical and highly effective; after all, there is really only one way to pay off debt: PAYING IT OFF. However, that requires the kind of self-discipline many people just don’t have or don’t think they have. Ramsey provides the kind of enthusiastic support that many people need if they are hopelessly mired in debt. He acknowledges their struggle, gives them a “community,” and even provides a celebration, a ritual almost, if they succeed (debt-free scream). That is Dave Ramsey’s real strength. His compassion with people (to whom he often gives his books for free) is quite apparent, and I believe he/his books do change lives. I was once inspired by the book “Your Money or Your Life” (by Robin and Dominguez), but I have never seen a champion of debt-free living like Dave Ramsey. In that respect he’s my kindred spirit, and I am thrilled that he is making this concept cool. I am almost sad that I was completely debt free eight years before I happened upon Ramsey’s show. Now I will never be able to partake in the ritual scream.:-)
2. Steps 4-6 make sense as well, but the order is not that important. I, for ex., paid off my mortgage before really turbocharging my retirement savings. The order of any of the steps can be tweaked, really. Many bloggers have come up with all kinds of logical adaptations such an increased emergency fund right from the start in these shaky economic times.
3. Step 7 (’get wealthy and give”) is more an afterthought than any real “step,” and Ramsey’s investment advice is generic (”a good growth-stock mutual fund”) and flawed. Assuming the stock market returns 12% on average, he repeatedly tells people to take out 8% of their retirement funds annually. That is TWICE as much as anyone else recommends. Anyone following that “advice,” especially in this market, would definitely outlive his money. People seeking investment advice should read Money Magazine or Kiplinger.
4. Ramsey’s take on credit cards is illogical. Calling everyone who’s using a credit card “stupid” is, hm, stupid. Sure, people with $30k cc debt need to cut up their cards, but people who pay off the balance every month can obviously handle them. I understand that it is possible to get by without credit and a credit history, but why make life more difficult than it has to be?!
5. The Christian aspect does not bother me since common sense always comes first on his show. In addition, he is very clear and open about his bias, his political bias as well. I also relate to many of the values that come up on his show, such as children honoring their parents. As a high school teacher, I hear my share of kids complaining about their parents. I often tell them that there is no religion or culture on earth that advocates treating your parents with disrespect. They all say something along the lines of honoring your parents. [Just because it's in the Bible doesn't mean it's not true.:-)]

In conclusion, Dave Ramsey is a really decent guy who is helping many people who otherwise would not find their way out of the mess they’re in. For those of us already debt free, he provides a great service to the indebted masses or perhaps just good entertainment. In any case, he helps changing the attitude toward consumer debt in this country, and that is definitely necessary!

]]> By: mike http://allfinancialmatters.com/2007/02/07/dave-ramsey-gets-on-my-nerves/comment-page-2/#comment-419962 mike Mon, 11 May 2009 17:04:43 +0000 http://allfinancialmatters.com/?p=1565#comment-419962 At one time in brief history...Mr Ramsey had a late night infomercial selling his get out debt material that actually had a segment that discussed with the "host" on why he would except credit cards during the airing of this commercial...? These are the basics of getting out of debt...everyone should have some common sense...eventually. If they would start having Home Education classed back in school like they used to do, we probably would be little better off. BTW..I bought the Dave Ramsey course...it was ok, I personally like Crown Financial better. regards Mike At one time in brief history…Mr Ramsey had a late night infomercial selling his get out debt material that actually had a segment that discussed with the “host” on why he would except credit cards during the airing of this commercial…?

These are the basics of getting out of debt…everyone should have some common sense…eventually. If they would start having Home Education classed back in school like they used to do, we probably would be little better off.

BTW..I bought the Dave Ramsey course…it was ok, I personally like Crown Financial better.

regards
Mike

]]> By: Topics about Peace » Archive » Comment on Dave Ramsey Gets on my Nerves by Beth http://allfinancialmatters.com/2007/02/07/dave-ramsey-gets-on-my-nerves/comment-page-2/#comment-410941 Topics about Peace » Archive » Comment on Dave Ramsey Gets on my Nerves by Beth Fri, 27 Mar 2009 01:08:47 +0000 http://allfinancialmatters.com/?p=1565#comment-410941 [...] Avanoo: Live. Share. Learn. put an intriguing blog post on Comment on Dave Ramsey Gets on my Nerves by BethHere’s a quick excerptDave and his team view Financial Peace as a ministry. It has grown tremenouslyand it is prfitable, but they also give a great deal away. [...] [...] Avanoo: Live. Share. Learn. put an intriguing blog post on Comment on Dave Ramsey Gets on my Nerves by BethHere’s a quick excerptDave and his team view Financial Peace as a ministry. It has grown tremenouslyand it is prfitable, but they also give a great deal away. [...]

]]> By: Beth http://allfinancialmatters.com/2007/02/07/dave-ramsey-gets-on-my-nerves/comment-page-2/#comment-410857 Beth Thu, 26 Mar 2009 15:38:11 +0000 http://allfinancialmatters.com/?p=1565#comment-410857 I was introduced to DR by his radio broadcasts and checked his book out of the library. Anyone can follow his very simple approach to finane without spending a dime. Dave will tell you right up front that what he is teaching is NOT rocket science. It is the same thing our grandparents were saying. 1. get out of debt and stay out of debt. 2. save for what you want and save for retirement. 3. share your wealth with others in need. Dave did not get rich off of this business. He got rich by getting out of debt and making sound investmets. Oh, The Lampo group makes money, but they also reach out and help a lot of peopl. Dave and his team view Financial Peace as a ministry. It has grown tremenouslyand it is prfitable, but they also give a great deal away. That $300 packet also comes with a set of DVD's and Dave says "Share them". If you know someone who needs financial help,give them he program so they cn find peace as well. No, I don't think he is a Saint...but he's not a crook either. I was introduced to DR by his radio broadcasts and checked his book out of the library. Anyone can follow his very simple approach to finane without spending a dime.

Dave will tell you right up front that what he is teaching is NOT rocket science. It is the same thing our grandparents were saying.
1. get out of debt and stay out of debt.
2. save for what you want and save for retirement.
3. share your wealth with others in need.

Dave did not get rich off of this business. He got rich by getting out of debt and making sound investmets. Oh, The Lampo group makes money, but they also reach out and help a lot of peopl. Dave and his team view Financial Peace as a ministry. It has grown tremenouslyand it is prfitable, but they also give a great deal away.

That $300 packet also comes with a set of DVD’s and Dave says “Share them”. If you know someone who needs financial help,give them he program so they cn find peace as well.

No, I don’t think he is a Saint…but he’s not a crook either.

]]> By: jay http://allfinancialmatters.com/2007/02/07/dave-ramsey-gets-on-my-nerves/comment-page-1/#comment-406694 jay Mon, 09 Mar 2009 09:30:03 +0000 http://allfinancialmatters.com/?p=1565#comment-406694 Don't hate on Dave for being successful. Seriously. Do you really expect him to GIVE you anything? He simply offers financial advise for a price. Take it or leave it. Dave would ask you: "Why are you struggling?" Maybe the hundred dollar FPU class might be a good idea for those of you who struggle because you don't live on less than you make. Don’t hate on Dave for being successful. Seriously. Do you really expect him to GIVE you anything? He simply offers financial advise for a price. Take it or leave it. Dave would ask you: “Why are you struggling?” Maybe the hundred dollar FPU class might be a good idea for those of you who struggle because you don’t live on less than you make.

]]> By: Bill Payer http://allfinancialmatters.com/2007/02/07/dave-ramsey-gets-on-my-nerves/comment-page-1/#comment-403889 Bill Payer Fri, 20 Feb 2009 16:20:16 +0000 http://allfinancialmatters.com/?p=1565#comment-403889 Your Financial pain is his Financial gain. He did not get rich by making it in the stock market like he advises you to do. He made his millions off of people in financial need. You could get a valid Financial credential for less than $800.00, Dave has a great program for $3,500. and if isn't recogonized by anyone but Daves friends. There are plenty of financial programs that are under $50. Dave is good but so are a lot of other people that charge a reasonable fee for their products. It he truly want to help people hewould not rip them off. Your Financial pain is his Financial gain.

He did not get rich by making it in the stock market like he advises you to do. He made his millions off of people in financial need. You could get a valid Financial credential for less than $800.00, Dave has a great program for $3,500. and if isn’t recogonized by anyone but Daves friends. There are plenty of financial programs that are under $50. Dave is good but so are a lot of other people that charge a reasonable fee for their products. It he truly want to help people hewould not rip them off.

]]> By: cluckk http://allfinancialmatters.com/2007/02/07/dave-ramsey-gets-on-my-nerves/comment-page-1/#comment-393071 cluckk Sun, 28 Dec 2008 12:30:46 +0000 http://allfinancialmatters.com/?p=1565#comment-393071 This is funny from money people. We are still in a free market where even knowledge has a value and all transactions involve an exchange of value. If one goes to the work of putting together the information, publishing it and marketing it why should you expect them to give it away? You know as well as I do, if he gave it away you would question his motives and it's value. This is funny from money people. We are still in a free market where even knowledge has a value and all transactions involve an exchange of value. If one goes to the work of putting together the information, publishing it and marketing it why should you expect them to give it away? You know as well as I do, if he gave it away you would question his motives and it’s value.

]]> By: Brandon http://allfinancialmatters.com/2007/02/07/dave-ramsey-gets-on-my-nerves/comment-page-1/#comment-389584 Brandon Thu, 18 Dec 2008 15:40:39 +0000 http://allfinancialmatters.com/?p=1565#comment-389584 I haven't read through all the comments so forgive me if someone has already said this. Dave Ramsey really encourages people that have gotten out of debt and are building wealth by applying the information that Dave has suggested, to then put someone else that needs it through Financial Peach University. Because of Dave, and hard work, we are now debt free and putting the money we used to put toward debt into our savings. I now contribute 20% of my income to my savings because I lowered my lifestyle. I also give about 12% of my income away. Most to my church but also to aids children in Afica and to a friend in need who is a single mother with many health conditions. I have also put a couple people through the FPU class. I bet that only about 10% of people spend full price on FPU and his materials. Most is paid for by a church or someone giving it as a gift. I haven’t read through all the comments so forgive me if someone has already said this. Dave Ramsey really encourages people that have gotten out of debt and are building wealth by applying the information that Dave has suggested, to then put someone else that needs it through Financial Peach University. Because of Dave, and hard work, we are now debt free and putting the money we used to put toward debt into our savings. I now contribute 20% of my income to my savings because I lowered my lifestyle. I also give about 12% of my income away. Most to my church but also to aids children in Afica and to a friend in need who is a single mother with many health conditions. I have also put a couple people through the FPU class. I bet that only about 10% of people spend full price on FPU and his materials. Most is paid for by a church or someone giving it as a gift.

]]> By: Michelle http://allfinancialmatters.com/2007/02/07/dave-ramsey-gets-on-my-nerves/comment-page-1/#comment-387992 Michelle Sat, 13 Dec 2008 16:47:34 +0000 http://allfinancialmatters.com/?p=1565#comment-387992 I ran across you website on accident and I have to say that I find it sad that you consider your website to be about personal finance and you trash talk Dave Ramsey! First of all, the Financial Peace University is only $100 if you buy it through your church, if you are military it is often given for free and Dave gives them away to those who need it all of the time on his radio show. I have been following Dave's plan for almost a year now and we have paid off over half of our debt and increased our income by nearly $30,000. This is not a magic pill! Dave taught us how to be careful and pay attention. Dave teaches us the things our parents should have. If you have a bad attitude about him, your right, he can't help you! I ran across you website on accident and I have to say that I find it sad that you consider your website to be about personal finance and you trash talk Dave Ramsey! First of all, the Financial Peace University is only $100 if you buy it through your church, if you are military it is often given for free and Dave gives them away to those who need it all of the time on his radio show. I have been following Dave’s plan for almost a year now and we have paid off over half of our debt and increased our income by nearly $30,000. This is not a magic pill! Dave taught us how to be careful and pay attention. Dave teaches us the things our parents should have. If you have a bad attitude about him, your right, he can’t help you!

]]>