Some of you people are really narrow minded....and/or naive.
Most people don't have "common sense" when it comes to money....and spending money.
He doesn't say, "Don't have a credit card." He says that if you DO have a credit card, pay it off each month.
But, most people don't have enough...or any "common sense" to do this.
If his plan was such a joke, why are there so many people out there in desperate need of financial help? Why are people defaulting on their mortgages? Why are people not living within their means?
When he says "drive a $1,500 car" he's telling you that if you have the cash to buy it outright...do it. Then keep saving and upgrade....keep saving and upgrade....and so forth. He's not saying that after you get your shit together to keep driving a shit car. He's saying that most IDIOTS buy a $25,000 car....have a $400 car payment....and they struggle to get by every month. A $400 car payment can buy you a used $1500 car in 4 months! Then you can take that $400 and keep saving it, putting it towards investments or paying off other bills....after a year or two you'll be in better financial shape and will be able to afford a nicer car.
For those of you in the "you only live once" department, well I would imagine you are probably in debt out your ass. I know...I know...you'll post how you have so much money in the bank....you drive a BMW....and live in a fancy country club community. Well, I call bullshit!
What he teaches is what people need...because most people are complete morons when it comes to spending, saving and investing real money. Living within your means is a concept that most people have no clue about. Most people are "house poor" and are living way beyond their incomes. Most people don't have emergency funds. There have been study after study showing this. So, you may not like Dave Ramsey or his concepts....but there are people out there who have had their "Come to Jesus" moment and have used his...or some other financial guru's advice to get out of debt.
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