Quote:
Originally Posted by Thremp
You have a top tier credit score, but your silly adherence to Dave Ramsey-ism is going to prevent you from utilizing the benefits of this. Its more a commentary on how silly it is to maintain a "I use cash as leverage" attitude which is 1) nonsensical 2) absurd.
Ramsey's basic idea is that many people are in a mess because they both can't do math and don't handle money well.
The vast majority of the people that follow his advice used debt to finance consumption.
Despite his rhetoric, Ramsey is not for everyone - if you are (demonstratively) already able to spend less than you earn and can honestly use debt to invest at a higher rate of return, you can happily ignore his advice.
However, there are far more people who *think* they have the self-control to do this, than actually do.
He is not always right. I am still searching for the mythical 12% long term track record mutual fund he says everyone can invest in.
He is flat out wrong when he insists that there has never been a 10 year period in he history of the stock market when it has not made money. (He says this almost daily on his show.)
He has started to get more political recently, encouraging his listeners to ask their congresspeople to end mark-to-market accounting (for example). His arguments supporting this idea are... ill-informed at best.