What If Washington Tried Dave Ramsey’s “Debt Snowball” Plan?

[OralAllOver]

He has many critics of his methods and numbers. I don't expect everyone to give him the grift license Trump has. He didn't cheat anyone out of money at golf, construction, or building his talk shows. If they were, shouldn't there be some evidence of court cases?

I'm not following the grift angle. Who has he taken advantage of in business?

I mentioned I listened to some of his show when I was younger. I just wanted to let you know that I'm not going to do that today. My available time is far less than the desire to hear people call in a shout, "I'm debt-free!"

It's health issues that govern what I do and am not capable of doing these days.

Yes, the first is true. He also became a multi-millionaire via, programs, book selling, speaking engagements, etc. Where they gullible rubes? I don't know. Do you know someone who got taken by him?

Truth that!

Ramsey once remarked, "Winning at money is 80% behavior and 20% head knowledge". This implies that financial success isn't about having secret or new information, but rather about controlling your own habits and actions.

That's, in effect, plagiarising Warren Buffet who emphasizes 1) understanding limits to your knowledge and 2) emotional discipline (invest in X then walk away and do something else for a few years)

But solid, back-to-basics advice is a useful service. Did you notice how Jesus gave no, none, financial management advice or instructions except this: if you have 2 cloaks, give 1 to the poor

"Christian financial advisor" = oxymoron (maybe read more New Testament, ignore less)

 

[dmallord]

That's, in effect, plagiarising Warren Buffet who emphasizes 1) understanding limits to your knowledge and 2) emotional discipline (invest in X then walk away and do something else for a few years)

The Buffet is a wise man. Also richer than Dave. Yet I think Dave has a leg up on him, perhaps. Dave practices his religion. I don't know if Buffet is religious, but he has pledged 99% of his wealth to charities and has given over $60 billion of that already. [He could buy down some US debt or shore up healthcare?]

But solid, back-to-basics advice is a useful service. Did you notice how Jesus gave no, none, financial management advice or instructions except this: if you have 2 cloaks, give 1 to the poor

Didn't he also say that before you start building towers, you should take inventory of your assets to see if you could do so? So, at least another one, that I recall. But who's counting, right?

"Christian financial advisor" = oxymoron (maybe read more New Testament, ignore less)

Is there an item that you think should be addressed by the government to reduce the national debt?