and the ****in machine ate like $3 too so its really only $4 that went to actual cleaning of clothes

(i have a lot of clothes, see high shopping expenses)

its the way of the world my friend. if youre not getting high, youre not paying attention

WTF?

theyre basically shoes made specifically for dogs, pretty self explanatory

I'd love to see pictures of said dog in doggie clothes and doggie shoes. Would be really cute if you put him in doggie diapers and let him wear a doggie hat.

lolz

Duke saving thread, imo.

GlolzG

@VolumeKing - can you post like a grocery receipt or something? I'd love to see what $500/month in groceries looks like for a single person. That's insanity.

But none to that new laptop eh? File it under "fire prevention & mitigation".

Like this?

https://youtu.be/5fP4emqw7O4

Edit: How do I embed a video?

A lot of Ramsey's advice is pretty awful tbh. The debt stuff is probably ok but some of his investment advice is really bad. He's pretty much a joke to people who actually manage money.

But if that piece of his advice works for you then go for it obv.

Those are some pretty sh***y headphones

DR's advice is best for those who had made a total disaster of their finances and need some simple rules to get things back in line. Even then some of his strat can still be bad.

I don't know much about his investment advice, but the way he broad brushes his debt advice I can see it being pretty terrible.

He does have some decent general advice (pay yourself first, etc) that is legit but you can get that from most anyone with a clue.

I think his tactics are good in the sense that most people who are in a lot of debt have a lifestyle issue and correcting that is the first thing that has to be done if there's any hope of ending up on solid financial footing.

So, I can understand that paying off a 0% interest loan doesn't make a lot of sense mathematically if you can invest that money elsewhere, but the concept of not owing money and not getting into situations where you take on more is a good thing.

To bring it back to bank rolls (isn't that what this thread is about?) If you can live debt free as a pro, you're ROR is significantly less than if you have a car, credit card, and house payment that have to be made no matter what kind of month you've had.

My main point with regards to DM was his comment about cats, which is right on. Gotta pay attention.

it's a slightly larger version of these

I'd say his advice on debt is pretty damn outstanding for the vast majority of Americans that don't have a clue. Most people would be well served to listen to his advice and heed it. Much of the advice is common sense to some of us but common sense isn't all that common when it comes to finances.

I wonder what the Millionaire Next Door would say about fancy headphones. I'm pretty sure it would say that 90% of all millionaires have never spent more than $54 on a set of headphones. I personally prefer my $20 pair of ear buds over any expensive over the ear headphones I've ever tried.

Lol beat me to it

This thread is amazing already !!
I pay my families cell phone bill. I really really need to cut down on food though. I probably spend $500-$1k a month drinking or smoking cigs as well.

Basically says you should plan for 12% yoy return and should be 100% in equities all times with no fixed income at all. Also believes your withdrawal rate in retirement should be 8% which is hella lol. Sprinkle in a little Biblically inspired investment advice and I call bull**** on all of it.

His debt advice is actually awful too (just looked up tonight). Believes you should focus your debt repayment on the smallest balanced debt you have interest rate be damned. So if you owe 5k on a car loan with 1.9% and 25k on a credit card with 20% rate you should pay down the car loan ASAP then move on to the credit card.

Chew on that for a moment

Why do you think you live below your means?


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Because my household nets out about 50-60k a year and ee only spend maybe 25-30k a year and that's including discretionary spending

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#nittage to winnage

Lol at his investment advice. Wow.

I give him a slight pass on the debt advice only because there is a psychological benefit to paying off a debt, and those that are total financial trainwrecks can benefit from it. I think most of those who need his advice wouldn't have such clear cut decisions.

Overall though there are much better plans than what he promotes. Plus he is cray cray and a nasty employer.

You are clearly stating here that your investments/savings per month is less than a $100.




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This depends on how you classify savings.

If money injected into my poker bankroll is considered savings then that number goes way up

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Are you saying you spend 2500/mo total. Between 2 adults? My god