How does ole Dave suggest people establish credit, so they can purchase a car or finance a home later on?
I thought Ramsey's "snakes" comment was appropriate in a way, but I am not claiming that everything he says is practical for everyone. For a mortgage, he says, "Since you aren’t “building your credit” you will need to find a mortgage company that does actual underwriting. That means they are professional enough to process the details of your life instead of using only a Beacon score (lending for dummies)." That actually may turn out to be very good advice if the whole credit system goes ape in the future.
For buying a car, I would guess he would say go to your credit union (which may not work, because they pull your credit score too), or pay cash. I believe Ramsey's advice will work for some, but not all folks.
Ramsey has some good ideas. One thing I like is when somebody asks him how he is doing, he replies, "Better than I deserve!"