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I don't like either one, either, for most of the reasons listed.
It's a pretentious title, but I've been recommending Daniel Solin's "The Smartest Money Book You'll Ever Read" to people who are ready for his advice. He's not an entertainer! And don't look for a bunch of case histories to illustrate his concepts, but he has a clear, slightly technical style, and I certainly see more common sense in one of his chapters than ten of the other authors.
You don't mind if they need a guru because they work for you and are handling others' money. But honestly, if you knew your FA could not 'multi-task' money, would you really want this person handling your life savings? Maybe you are ok with that. I, on the other, absolutely would not. That would be like hiring an accountant whose own return gets audited by the IRS every year. I am an aggressive investor, but that is a level of risk even I am unwilling to take.
Quote:
Originally Posted by Lowexpectations
I didn't read through it all so I didn't catch who is an advisor who also needs Dave Ramsey. I oversee many advisors and I wouldn't have a problem if one of them needed the total money makeover at some point in their life to get on track. I also wouldn't mind if they kept up with Dave or Suzie unless that was their only source of information. What we deal with normally is far more advance stuff than either of these put out and some of their stuff isn't the best or sometimes it's wrong. That said they to provide information that is valuable to the majority of Americans.
You don't mind if they need a guru because they work for you and are handling others' money. But honestly, if you knew your FA could not 'multi-task' money, would you really want this person handling your life savings? Maybe you are ok with that. I, on the other, absolutely would not. That would be like hiring an accountant whose own return gets audited by the IRS every year. I am an aggressive investor, but that is a level of risk even I am unwilling to take.
I think you misunderstood what I posted. Nothing I said was remotely close to an accountant being personally audited every year. Nowhere did I mention anything about failing to " multitask" money or currently needing a guru.
brother dave does not say anything that was not common place speech 50 years ago.
dave is not different-- he did not change, we did.
the other gal is good but dave cuts to the chase.
americans, in 50 years, have come to accept debt as normal. debt, my friend, is slavery.
Yep. My financial decisions were made from listening to a radio talk show by this gentleman. And I'm the better for it. My wife doesn't quite understand though.
i suggest she learn. financial ignorance in wives can be a big issue. they traditionally leave it to the husband and when he is gone they are lost and get taken advantage of by so called planners.
we have these discussions all the time on retirement forums. while men are all for taking ss at 62 and investing the money it is a different story when their wives are left alone.
instead of a safe secure consistant higher ss payment the surviving wife with zero knowledge gets left holding the bag to fend for herself in the investment world.
Men are little better. That statement about SS proves it. I really doubt the majority of people who invest that money do better than the return they would get by taking SS later. People are generally lousy investors, men included.
Quote:
Originally Posted by mathjak107
i suggest she learn. financial ignorance in wives can be a big issue. they traditionally leave it to the husband and when he is gone they are lost and get taken advantage of by so called planners.
we have these discussions all the time on retirement forums. while men are all for taking ss at 62 and investing the money it is a different story when their wives are left alone.
instead of a safe secure consistant higher ss payment the surviving wife with zero knowledge gets left holding the bag to fend for herself in the investment world.
Ain't that the truth,and data from morningstar and ibbotson proves it.
Before i met my wife she was a widow. With no knowledge at all about financial matters she trusted the financial guy at the bank and he devastated her in dot.coms.
Today she now learned enough to handle things with or without me.
neither is close to good or optimal
ramsy's advice is helpful if you're a complete financial idiot
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