Dave Ramsey

[feralmerril]

TomHenry, Yes, I was very lucky. God looks after fools I guess. Selling that house in california was just lucky timeing with my life circumstances of retireing and wanting to get out of california, not any foresight on my part. My best friend put his up for sale shortly after we left, market crashed and he gave up trying to get out. He says he cant sell it for less than half now!
Bill H, I dont think those tax liens would do me much good at this point in my life as I am now retired and dont have a fraction of income comeing in as I did my working years. However we get by okay as I dont owe a dime either.

 

[feralmerril]

I really like Dave Rasmey. I wish he held geitners posisition. Ramsey admitly went bankrupt years ago before he changed his tatics. As pa told me many times, "There is a skelton in every closet!"

 

[ElToro]

some of his accolytes can be a little cultish in their "all cash-no credit" mantra i charge everything people will let me and pay it off monthly. havnt paid interest on anything except on my mortgage in years. and working on that. wife wants me to buy a new car. im perfectly happy with my 10 year old VW that starts every morning, costs 40$ a month to insure and gets 30 MPG and has no payment

speaking of PRK real etsate, we sold our condo in spring '08 for 296k, after on the market for about 7 months. baby on the way, wife wanted a house etc. we missed the top at 400-425k, by a year or so but my realtor emailed me the other day same complex now down to 179k in 1 year. thinking about buying back in as a rental. im sure im under water on this house we bought after we sold but we plan on being here a long time. and the bank that financed this one was not going to require the condo be sold 1st. i just couldnt sleep with 2 mortgages. at least we sold for a lot more than we paid. if we had sold at the top, over 400k, we surely would have paid a lot more for a house that would have gone down.

my ammo stash has gone up in value more than anything else i own lately.

 

[truckemup97]

While I don't agree 100% with everything Dave says, he did motivate me to get quite a bit of debt paid off a few years ago. It would have been easier if he could have motivated every member of my family. It's done, though, which makes times like these easier. If I still had $125k in debt plus my mortgage, I'd be under right now.

 

[feralmerril]

My opinion on this houseing market: For 40 years I lived cheap as I could houseing wise. I bought the cheapest dump I could for $12,500 in 1969. I seen everyone else liveing in huge more exspendsive houses around me all those years. I couldnt figure out how they did it except for being "saved" by inflation. I just never had the nerve to overbuy like they did. I knew I was also getting better wages than most them were too at the time. I effectively lost that first house due to divorice and had to start over.
People thought all that they had to do was sign the dotted line and they would make big money on the house going up. AND IT DID WORK! That is, it did untill recently. Now that the houses lost over 1/2 value, my opinion is that they are finaly worth close to their REAL value!
Houseing wise, I think it about had to happen long before the meltdown!

 

[nisamo]

Originally posted by mtb1bkr:

Originally posted by nisamo:
Ramsey teaches stuff your parents should have taught. What kind of doofus uses a credit card to finance everyday expenses? Do they have no concept of interest charges?

I guess I'm a doofus.

I've been using my one credit card for nearly 100% of my purchases for over 13 years now, same card same company. I have never paid a nickel in interest or fees and have used the accumulated points to by 1000s of dollars worth of stuff. I even cashed in some points for dollars before to help with a gun purchase. My credit score runs from 750 - 800 and I keep money in the bank for when situations arise. Maybe next time, you should engage your brain before you let your mouth get away from you.

As for Dave Ramsey, I like listening to him when I can. It's not really that I'm using his advice, I just like to hear his responses to folks. He does teach a lot of common sense that folks should have been taught growing up or had the smarts to figure out on their own, like I did.

Bill

Well, aren't you special! That's not being a doofus, that's being an arrogant braggart. You are using your credit cards to your advantage, however.

A credit card doofus is one who charges this weeks groceries, cigarettes, beer, arbys, etc and then pays the minimum monthly payment thereby incurring usury rate interest charges .

 

[Airpark]

Klas,
Of ourse not, I will be glad to assist you.

Email me to my profile address, it is good.

Good Luck,
Bill H