Dave Ramsey is a hack.
Is that a particularly expensive jaguar? When I was car shopping I saw some jags for 20k or less so owning a Jag means absolutely nothing when it comes to wealth.
Heâs right for most people first beginning to improve their financial health. He has probably gotten more people out of debt than any other âguruâ. If thatâs a hack, so be it, it works.
He once fired a pregnant employee because she wasnât married and therefore must have had premarital sex. Theyâve fired 9 people for pre marital sex. Wacky
Is he the idiot who demands you only pay for things in cash and store it in labeled envelopes?
Nah heâs alright. There is no nuance in his advice but for the majority of his listeners thatâs probably a good thing.
Yeah he has some shit personally takes and I hate the way he runs his company. He does give pretty decent financial advice though
I can give better advice in a similarly easy to consume manner, applicable to most.
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Invest in a low cost target date fund. Look at Vanguard target date funds for examples and pick a year close to your expected retirement date.
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Pay your highest interest debt before lower.
Both of these pieces of advice make you more money than doing what Ramsay says and are equally easy to understand.
