Posted on 10/09/2012 8:51:16 AM PDT by Kaslin
My wife and I, empty nesters, eat out several times a week. cooking for two is not really that much cheaper, especially when you have a lot of leftovers that eventually get thrown away..........
He is right on that.
It is even hard to get out of McDonalds anymore for less than seven bucks.
Dave R but he lost alot of credibility when the implosion of 2008 happened and people lost half their mutual fund money. Rich Dad Poor Dad declared victory of Dave Rs, saving for retirement. Its the Logans Run of strategies, most folks never make it to a comfortable retirement saving in mutual funds. You need to leverage debt, buy hard assets and real estate in ADDITION to saving in the market. Not to mention there was anti Dave R blog which in black in white shows leasing a reliable newer model car is ALWAYS cheaper than driving a POS, paid for, and dumping in 1000s of dollars in repairs, lousy mileage and lost time on repairs. Debt is not the problem, stupid people are. Dave Rs claim to fame a UT grad in Finance and having a few chapter 11s under his belt in failed real estate ventures. But he does have his cultists like the other fiscally illiterate guru Suzy Orman. I did Daves program at my church when I was married, ate beans and rice like he says, worked my butt off to pay Citibank, told my ex that the fifth trip to car repair shop was all worth it. That credit did not matter, we would own our 1997 Town and Country minivan outright and what a good feeling that would be. Well we had no debt and guess what we were still miserable. No debt is not a panacea for a rich life or a good marriage, its about balance, not zealotry. Dave practices zealotry.
Dave R. is in the business of Sales as well. Books, Financial Peace University, etc.
He’s got some good things to say, but he shouldn’t be your Financial Cult Leader, lol. Take the good, and the rest with a grain of salt.
The argument for preparing all meals at home is really about healthy cooking and having time, not about saving money.
If you have a ton of debt, “stay out of restaurants, unless you are working in one!”
;-)
Dave Ramsey Ping
If you have a ton of debt, “stay out of restaurants, unless you are working in one!”
;-)
Dave Ramsey Ping
I agree that Dave preaches “zealotry” against debt, but I think you’ve misconstrued his audience. Dave’s audience is people crippled by debt and a little zealotry against debt for that group goes a long way.
I used Dave to get out of debt. People in over their heads in our society become obsessed with their credit score because they need access to debt to manage debt when it’s more than you can handle via income. You can’t pay Peter if you can’t steal from Paul.
Dave’s advice frees you from focusing on credit score and ever more leveraging to stay afloat in a sea of debt. Dave’s plan is to stop digging.. When you’re learning debt self-discipline, any excuse for debt is a reason to fail. Dave allows no excuses.
I agree with you that once you get out of consumer debt, there are very good reasons to leverage debt for ROI. Rich Dad is on point. And. Rich Dad is aimed more at you as an audience.
Two different audiences.
Don’t knock Dave. When all your debt is consumer debt, and you’re drowning, being a zealot against debt isn’t a bad thing.
I only recently started listening to Dave on a new radio station, and it seems to me most of the callers need the advice he's giving. They have become slaves to debt and the credit market, instead of making it work for them.
To me Dave is a money version of 'Saturday Night Live' - an entertainment show with some truth. YMMV.
That Chris is an idiot. If he’s wealthy enough to be able to save $50k in, what, say less than 6 months, then why the heck does he still have any outstanding debts? He should already have the not yet here new baby’s college fund fully paid.
Dave is mostly correct with the no eating out. There can be deals found that are cheaper than cooking at home. However, it’s a rarity and you have to stick to the plan such as only using a coupon or getting the blue plate special and drinking water rather than ordering from the bar or a coke.
Could you post the link to that? I'm not disputing the conclusion, just interested in the numbers.
You throw away leftovers?!? Why do you cook so much to begin with? Eat them for tomorrow’s lunch. Throw them into a pot for free soup. Give them to the dog. But don’t throw money into the garbage.
Dave, what about pets? Sure they are cheap to buy, but the real money spent is at the vet, home repairs from damage, fees, limited hotel choices when traveling and for care while away from home.
Eating out has actually made our family closer. We find that getting away from the home and all its distractions (TV, phone, etc.) creates a situation where our kids open up a lot more conversation-wise. It’s also great to come home after a couple hours together and not have a stack of dishes to wash. We try to eat out three times a week, usually Tuesdays, Thursdays and Saturdays. Sunday is the day we go all out with a home-cooked meal with leftovers on Monday night. Wednesday night is usually pasta and soup and Friday is pizza and movie night. Not a bad routine at all.
We do all of the above, except give them to the dog. Never feed the dog human food. But even having them for lunch and next day’s dinner, we still have to throw some away.........
So, is Dave’s credibility back after the market recovered 100% within a year and a few months?
“You need to leverage debt, buy hard assets and real estate in ADDITION to saving in the market.”
Which is EXACTLY within Dave’s own investment strategy AND the advice he provides publicly. Minus the debt.
“Not to mention there was anti Dave R blog which in black in white shows leasing a reliable newer model car is ALWAYS cheaper than driving a POS,”
Always? That’s a pretty hard and fast rule. Of course it includes and ASSumption about the cost of repairs. If you do listen to Dave, then you would understand how to look at a car repair when chosing to replace or repair.
“Debt is not the problem, stupid people are.”
Stupid people have debt. It is the NORMAL in America.
“Dave Rs claim to fame a UT grad in Finance and having a few chapter 11s under his belt in failed real estate ventures.”
I’d wager not many folks had heard of Dave when he graduated from college. Heck, they still hadn’t heard of him when he claimed BK. So, how are those life events Dave’s claim to fame?
“But he does have his cultists like the other fiscally illiterate guru Suzy Orman.”
Fine, call me names all you want. However, I am not forced to follow Dave’s advice and force is usually a key element of any cult.
“I did Daves program at my church..”
You failed, just like you are doing now.
“Well we had no debt and guess what we were still miserable.”
Yep, money is ONE issue that leads to divorce. It is generally the leading issue, but that means that other issues are important in a relationship. Dave lists off about 5 things that should have spousal alignment, but I have a few of my own on my own list.
“Dave practices zealotry.”
Maybe, but he knows how to use paragraphs.
What has your net worth done over the past 6 years? Mine’s up 425%. That assumes you know the formula that determins net worth....
That’s interesting because we have found the exact opposite to be true for our family. When we eat at home, our evenings are longer because we aren’t driving to the restaurant, waiting for a table (not so much anymore for that), waiting for our food, eating, waiting for the bill, etc. If we eat around 6 or so, we have a good 3 hours for family time.
No dirty dishes are, of course, a great thing, but the kids need to do something around the house to earn their keep. ;o)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.