Beaver
Member
Are there any Dave Ramsey fans out there? My wife and I are doing the steps, ouch. It sure cuts into the Smith budget, but in the long run it will be the best money I never spent. Comments/Testimonials/Insults.
Originally posted by nisamo:
And as far as being out of debt, that's not necessarily good advice in these inflationary time. A smart guy would sign up for all the real estate he could get on credit as long as he pays firesale prices for the property. Low down payment and use other peoples money. Inflation will push the rent up and you'll pay back the loan with cheap dollars.
Originally posted by nisamo:
A smart guy would sign up for all the real estate he could get on credit as long as he pays firesale prices for the property. Low down payment and use other peoples money. Inflation will push the rent up and you'll pay back the loan with cheap dollars.
nisamo
Member
Posted 03 May 2009 09:44 AM Hide Post
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?
Gee, Bill H, do you want to be my money manager? I sure could have used you!
Using other peoples money is fine, so long as one has the discipline to stay on budget while doing so.
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?
Originally posted by feralmerril:
I was lucky selling my house in california 4 years ago
I think that he was referring to those who do that and do not pay off the balances each month... thus the reference to interest charges .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