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I have a fairly nice wine cellar and a well stocked liquor cabinet. I don't need to go to AA meetings.
My combined credit card limit is $155,000. My cards auto-pay in full every month and I haven't paid interest on consumer debt in many decades. I own two pieces of real estate and any mortgages I've had are paid off. I pay cash for cars. I need Dave Ramsey advice about as much as I need to attend AA meetings.
examples of better than dave ramsey? everyone else is wishy washy. Take Clark Howard-always pay high interest rates first. Assuming debt is manageable interest rate isnt the problem.
Mr Money Mustache or Bogleheads are better. Ramsey is repetitive, wrong on several subjects (investing primarily), and often gives me the impression of a salesman who is more interested in what benefits him (ELPs) than what benefits you.
examples of better than dave ramsey? everyone else is wishy washy. Take Clark Howard-always pay high interest rates first. Assuming debt is manageable interest rate isnt the problem.
How about learning about personal finance so you can make your own prudent decisions, instead of relying on any guru's one-size-fits-all canned advice?
You must not have listened to him very much. DR has advised this many times.
Yeah, but he tends to listen to the callers. If the caller specifically said they don't want any debt either this is what he advises. But he also says he's not against taking standard mortgages and paying them over 15 years and never seems to say much to people who have 30 year fixed rates.
He just says he would pay cash for it, but he also says he who do this because he espouses a no debt lifestyle so for him to take out debt, no matter how reasonable, would be hypocritical.
examples of better than dave ramsey? everyone else is wishy washy. Take Clark Howard-always pay high interest rates first. Assuming debt is manageable interest rate isnt the problem.
I believe Dave acknowledges that mathematically paying the high interest rate debt first is correct, but he goes on to make the point that human behaviour is more important here - the psychological effects (positive reinforcement of good behaviour) of extinguishing sources of debt outweighs the mathematical benefit of extinguishing the highest interest rate first.
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