• Cryophilia@lemmy.world
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      1
      ·
      5 hours ago

      Dave Ramsey has excellent financial advice for a certain type of person. I bet 90% of people reading this need Dave Ramsey style advice.

    • Frozengyro@lemmy.world
      link
      fedilink
      English
      arrow-up
      10
      arrow-down
      3
      ·
      8 hours ago

      He’s right for most people first beginning to improve their financial health. He has probably gotten more people out of debt than any other ‘guru’. If that’s a hack, so be it, it works.

      • AmbientChaos@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        1
        ·
        9 minutes ago

        He once fired a pregnant employee because she wasn’t married and therefore must have had premarital sex. They’ve fired 9 people for pre marital sex. Wacky

      • RisingSwell@lemmy.dbzer0.com
        link
        fedilink
        English
        arrow-up
        1
        ·
        3 hours ago

        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.

        • AmbientChaos@sh.itjust.works
          link
          fedilink
          English
          arrow-up
          1
          ·
          11 minutes ago

          The trick is that it costs an absolute fortune to maintain them, that’s why they’re cheap used. I believe there Is a saying that goes something like “the only car more expensive than a luxury car is a used luxury car”

    • NewNewAccount@lemmy.world
      link
      fedilink
      English
      arrow-up
      9
      arrow-down
      5
      ·
      9 hours ago

      Nah he’s alright. There is no nuance in his advice but for the majority of his listeners that’s probably a good thing.

      • Kroxx@lemm.ee
        link
        fedilink
        English
        arrow-up
        2
        ·
        8 hours ago

        Yeah he has some shit personally takes and I hate the way he runs his company. He does give pretty decent financial advice though

        • capital@lemmy.world
          link
          fedilink
          English
          arrow-up
          5
          ·
          5 hours ago

          No he doesn’t.

          I can give better advice in a similarly easy to consume manner, applicable to most.

          1. 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.

          2. 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.