I listened to him a few times on FBN and kept getting the feeling I was listening to a hustler..I know many people have used his principles to get out of debt etc. but I don’t trust him one bit.
Same here.
I’m in the biz of running money, and I don’t think Mr. Ramsay ought to be handing out investment advice.
God knows, there’s plenty of bad advice out there - he should not add to it.
OK, so Dave and his wife had problems with credit cards in the past, that doesn't mean that other people can't use them successfully as one of many financial tools.
The lesson is, to do what ever you can to make it work that fits your own situation. And no two are alike. Those of us who have been successful at it, learned what to do on our own. It is pretty much like getting rid of an addiction, it only works when the addict is determined to do it for themselves, without demanding outside help to do it for them.
I trust him because he is up front about it. There is no magic formula, it’s hard work, it’s a struggle, and getting out of debt will happen if you take the steps needed.
Dave Ramsey is not telling people how to get rich.
He’s telling them how to get out of debt.
That’s the difference. He has been there. He has made the mistakes. Now he is earning a living by using his experience and his method to teach people how to get out of debt.
Yes, most of what he teaches is common sense, but people who are deep in debt often don’t have that common sense, and he gives it in a way that helps many people.
You can pick at anything and find flaws. Or you can look at results. I know of 6 families that have used the Dave Ramsey method and are on their way out of debt.
One has gone from $40,000 in credit card debt to less than $10,000 in credit card debt in 5 years. They see the light at the end of the tunnel, where before they saw nothing but catastrophe. They did it by the “baby step” method. (Their Church hosted the first sessions and paid for their materials).
So where you might see a hustler, I see someone who has helped save families from self-destruction.
not that I agree with some stuff he says....credit cards if paid off monthly are a great device....
and I can't be the only one in America who hasn't averaged 12% on "good growth mutual funds" over the last 20 yrs...
remember that Dave as well as that other yokel who wrote "Rich Dad'...( a crock if you ask me)..got rich ONLY from their advice business....IIRC....and not from actually practicing what they preach...