Posted on 12/27/2005 7:38:51 AM PST by joesbucks
My wife and I have been looking at the Dave Ramsey Financial Peace program. Anyone here tried it? If so, what were your sucesses and what were the difficulties you had in doing it. We did some traveling over the holidays and listened to one of his books on tape and found it interesting.....but words are always easier than actions. We're ready for some pain to make some gain......but are also looking out for problems we can eitehr avoid or use someone elses wisdom when we encounter them.
Do you really want to drive with the sun in your eyes?
Joe,
DO IT.. IT WILL CHANGE YOUR LIFE... entire program with all the bells and whistles and everything is like 149 or something.. base is liek $99... Do it...
Also, listen to him on radio.. go to www.daveramsey.com and find the station near you.. he's on the air 3 hours a day.
What a bunch of Hooey!
Paying a bank for stuff you already own is not a driver for the economy.
When you have no debt, what can you do? INVEST, BUY, SAVE.... and that drives the economy.. not debt.
Debt can be a tool for building wealth, but its a piss poor tool in the hands of most people, because they don't use it to build wealth, they use it to build a mess. When you have extra money, and put more away every month, and pay cash for everything you are much better off and so is the economy.
The money saved is invested in things that grow, not in making some bank a bigger expense account.
Oh my Gosh!!!!!! It is my grandmother back from the grave.
I can hear those very words coming out of her mouth loud and often.
Getting on a budget and having money in savings allowed us to take a huge risk and make a major career change. We've greatly increased our income and as of this month, we're debt free except the home.
There is no gimick to what he offers; it's just good old fashion common sense and stresses being financially educated. When you add in the Christian element that he presents, it's a great all around financial program.
Question. How many people usually take the class? Is there a lot of interaction and ideas floated? What is the percentage who take the course seriously and really go for it?
Learned this lesson years ago. Last house we bought I told the Realtor to find me listings east of my job, it must have bothered her because after about a week she finally asked why. I think she thought it was some religious requirement or something. Anyway after I told her about sunshine slowdowns, she understood completely.
You have much less protection from credit card fraud with a debit card compared to a credit card.
Well, then you should love Islamic law about debt. Seems they think debt is sinful.
Of course their countries have lots of other problems, but certainly debt-is-sin doesn't help them out.
Sure, debt can be abused, and some people like my ex-wife desperately need some Ramsey advice. But in general debt helps the economy, because without the ability to make impulse buys, then people just wouldn't buy, and people who make, ship, and sell such stuff would be out of work.
Not if you keep your balance under a thousand. If someone rips me off out of a grand, so be it. It's well worth the cost to me knowing I can't charge my way back into debt. When I was doing my Christmas shopping I came across a lot of cool stuff I would have bought on impulse if I had my old cards. Now I can't go down that road.
Like my point in #16, the people of my grandparents generation followed a hard core conservative philosophy about money. Generally they're credited with surviving the depression with such skills. But by definition, they also CREATED the depression in the first place by a slowdown in economic activity. Sure, the policies of bankers and such were wrong too. But everybody had that mindset back then of hoarding cash money, while not spending, and it killed the economy as a result.
If someone rips me off out of a grand, so be it. It's well worth the cost to me knowing I can't charge my way back into debt.
That sounds similar to the advice an old boss gave me from years of working in the DC area: Live closer to the downtown than you work. He said he never had a problem with DC traffic because he headed out of town in the morning and towards town in the evening while 95% of the people were going the other way.
CORRECT!!! If everyone were thrifty and financially disciplined..., our economy (and that of the rest of the world) would TANK!!!
Man.....living east of where you work is sooooooo true!!
Again, Hooey... Debt does not harm the economy, by that logic APPLE is a bad company... they are debt free....
You don't need debt to run or grow an economy.. this is abject junk economics.
When you have a wealthy populace, that not only has savings and spare income, guess what? You wind up creating far more wealth. When Mom and Pop are investing their SAVINGS, they invest in things that are going to make money... when the bank takes that excess in terms of interest, it goes to where a limited number of bankers decide it should go....
You seem to forget it wasn't that long ago, folks went door to door to sell stock in start ups... and those folks that bought it, were regular every day folks who actually saved money and bought everything cash.
Debt is not an economic driver. Debt can be used, to create wealth, but it does have large risks associated with it, that most modern economists ignore. And most every day americans don't use debt in that way at all, they use it because they can't or won't wait for something and end up spending 3 to 4 times the amount on it, than if they had waited.
20% interest to the finance company, doesn't grow the economy, or drive it.. selling more sofa's would.. but you can't sell more sofas if everyone is busy spending 2 to 3 times their cost on ones they already have in their homes.
True..., but they have "creatively" redefined debt so that they pay it but don't have to admit it is debt! There are "Special" mortgage programs for devout Muslims throughout the world otherwise, the vast majority would never be able to own land and homes unless they inherited or stole!!!
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