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You miss the point of the method. The point is not to get the quickest payoff for a given total monthly payment, rather, it is to keep the debtor disciplined enough to pay that amount in the first place.
I understand his point, his point is wrong. The point should be, don't keep the people stupid, explain how money works, in this case it is simple arithmetic. I think these "experts" like to keep their followers stupid so they keep subscribing. Their followers would be better off elsewhere where they can learn the most effective use of their money, not some stupid motivational method that ends up costing them more money!
I will say this, if you follow Dave Ramsey, STOP, you are making a mistake. I have not looked into him or his methods at all but if he is so stupid to even suggest that you spend more money in some stupid payoff method than is needed, then all of his recommendations are suspect. STOP STOP STOP He is wasting YOUR money
ncole, this is not directed at you, I know you are smarter than this and are just trying to explain Ramsey. I am just saying I understand his rational, it is not a good method though.
I understand his point, his point is wrong. The point should be, don't keep the people stupid, explain how money works, in this case it is simple arithmetic. I think these "experts" like to keep their followers stupid so they keep subscribing. Their followers would be better off elsewhere where they can learn the most effective use of their money, not some stupid motivational method that ends up costing them more money!
I will say this, if you follow Dave Ramsey, STOP, you are making a mistake. I have not looked into him or his methods at all but if he is so stupid to even suggest that you spend more money in some stupid payoff method than is needed, then all of his recommendations are suspect. STOP STOP STOP He is wasting YOUR money
ncole, this is not directed at you, I know you are smarter than this and are just trying to explain Ramsey. I am just saying I understand his rational, it is not a good method though.
You seem to think that merely explaining something to someone is going to be sufficient to change their behavior. In some cases it is, in others it isn't. Ever tried telling a smoker to "just stop, it'll make your life better"?
02-15-2016, 01:52 PM
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n/a posts
Quote:
Originally Posted by jw2
I understand his point, his point is wrong. The point should be, don't keep the people stupid, explain how money works, in this case it is simple arithmetic. I think these "experts" like to keep their followers stupid so they keep subscribing. Their followers would be better off elsewhere where they can learn the most effective use of their money, not some stupid motivational method that ends up costing them more money!
I will say this, if you follow Dave Ramsey, STOP, you are making a mistake. I have not looked into him or his methods at all but if he is so stupid to even suggest that you spend more money in some stupid payoff method than is needed, then all of his recommendations are suspect. STOP STOP STOP He is wasting YOUR money
ncole, this is not directed at you, I know you are smarter than this and are just trying to explain Ramsey. I am just saying I understand his rational, it is not a good method though.
Most people are dumb. Most people do not behave in a purely rational manner. Simply educating someone doesn't magically get them to stop acting irrationally.
Quote:
Originally Posted by eastmemphisguy
Paying interest, especially when it's 100% unnecessary, is the definition of continuing to dig.
No it isn't. Taking a non-optimal path out of the hole is in no way equivalent to continuing to dig deeper. To contend otherwise is pure nonsense.
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