Author Topic: Nine ways to go broke in 2013 - Dave Ramsey (Read 2370 times)

PerEvangelicaDicta · « **Reply #5 on:** January 23, 2013, 10:15:45 AM »

Fair enough, TG20, and yes, investing in gold is held dear by libertarians. I was (literally!) a card carrying libertarian, very involved in the party a number of years ago, so I know. Even those of good will in that circle, and there are many! seem to be oblivious to their hyper focus on money, and too naive to see that liberty = license under a non Catholic government. Alas, I venture too far into philosophic principles.

However, what little investment $$ we had a few years ago would be disintegrated now had we not put most of it into alternative investments, including gold. Now we are able to help others, which was/is our intent.
It's good to be able to cash out a minor investment that accuмulated a 20-30% increase to send to trad priests, which we've been doing the past few years.
The resistance priests are our target in 2013.

Wisdom is best absorbed without prejudice.

Tiffany · « **Reply #6 on:** January 24, 2013, 09:38:19 AM »

My issue with DR is he needs to be viewed as an entertainer that is successfully selling media. He has no fiduciary responsibility to the people he is advising. His advice to only purchase term life insurance is terrible. What happens when that 20 year term life expires, dad can't get anything but a funeral plan, and life didn't go as planned to have that 300K saved?

Tiffany · « **Reply #7 on:** January 24, 2013, 09:43:51 AM »

Quote from: PerEvangelicaDicta

He absolutely excels at counseling. He gets right to the heart of why someone is in debt, and he gives frank advice in a very blunt, right between the eyes style.
I especially like that he gives no weight to the banksters' credit score / FICO scam. Bravo, Dave.

However, he is a terrible financial adviser and I would never follow his investment recommendations. Looking back over the years I've caught his show, I'm grateful that I did not trust his financial advice (while, alternatively, appreciating his counseling style)
There's serious criticism of his assumed role of expert financial adviser if you search, but this article (a little harsh) sums it up: http://www.garynorth.com/public/8447.cfm

Take the good, leave the rest.

You need a descent credit score to rent an apartment never mind to buy a house. Lending is centralized these days.

Avoiding credit cards is good advice for most part unless you travel and need one for car rentals. It's prudent for young adults to build their credit with things like a secured loan or a revolving trade line like a line of credit on their checking account.

Telesphorus · « **Reply #8 on:** January 24, 2013, 12:53:20 PM »

Quote from: Tiffany

My issue with DR is he needs to be viewed as an entertainer that is successfully selling media. He has no fiduciary responsibility to the people he is advising. His advice to only purchase term life insurance is terrible. What happens when that 20 year term life expires, dad can't get anything but a funeral plan, and life didn't go as planned to have that 300K saved?

I agree. Many people who like him seem to be those who like to spend money on frivolous things.

PerEvangelicaDicta · « **Reply #9 on:** January 24, 2013, 01:43:30 PM »

Quote from: Tiffany

Quote from: PerEvangelicaDicta
He absolutely excels at counseling. He gets right to the heart of why someone is in debt, and he gives frank advice in a very blunt, right between the eyes style.
I especially like that he gives no weight to the banksters' credit score / FICO scam. Bravo, Dave.

However, he is a terrible financial adviser and I would never follow his investment recommendations. Looking back over the years I've caught his show, I'm grateful that I did not trust his financial advice (while, alternatively, appreciating his counseling style)
There's serious criticism of his assumed role of expert financial adviser if you search, but this article (a little harsh) sums it up: http://www.garynorth.com/public/8447.cfm

Take the good, leave the rest.

You need a descent credit score to rent an apartment never mind to buy a house. Lending is centralized these days.

Avoiding credit cards is good advice for most part unless you travel and need one for car rentals. It's prudent for young adults to build their credit with things like a secured loan or a revolving trade line like a line of credit on their checking account.

We will agree to disagree on the 'building credit' part, my friend.
We have no credit rating - haven't for over a decade - because we stopped playing the game and have no debt. We are able to rent vehicles when traveling.
No one should put themselves in debt for any reason to the pagans and satanists who profit via outrageous usury. Don't play the game.