There are certain things that seem to set him off. At times, he speaks to his listeners with shocking disrespect, telling them that their financial decisions are ‘dumb’ or ‘stupid,’ sometimes adding a touch of something that resembles empathy by saying things like ‘I’ve done stupid myself.’ Why? Because I just can’t stand the way he speaks to people. I wouldn’t call into the Dave Ramsey show. This is my main point of criticism, he’s just not very nice. Again, these are my own opinions – I’m happy to hear your thoughts in the comments! However, after having listened to Ramsey’s radio show daily for several months and read a couple of his books, I definitely have some misgivings about his methods. Most of us can get behind the idea of not carrying debt, saving money, and investing. I think that this plan, though simplistic, is a good one for some people, including my wife and I when we first started learning about personal finance and budgeting. Invest 15% of your household income into Roth IRAs and pre-tax retirement funds Save 3 to 6 months of expenses in your emergency fundĤ. Pay off all debts using the snowball methodģ. It’s entirely possible that I’m going to ruffle some feathers with this one, but I’ve decided to stop following Dave Ramsey.įor those of you who are not familiar with him, Dave Ramsey is the outspoken host of a daily radio show that is syndicated all over the USA, and the author of several books including ‘Financial Peace’ and ‘The Total Money Makeover.’ Dave teaches his 7 step program to financial peace. If you’re a huge Ramsey fan, as I once was, I encourage you to read this post with an open mind and consider my key points on their merit. There are a lot of Dave Ramsey die-hards in the personal finance community.
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