======= ======= ====== ====== ====== ===== ==== ====== ====== ===== ==== ======= ======= ====== ====== ====== ===== ==== ====== ====== ===== ====
I love money. Always have. Always will. I’ve been a money guy from jump street. There’s really nothing better than getting to a point in your personal and professional life where money just isn’t as tight as it used to be. I’m not rich by any means. I’ve just been working for a long time now and crazily enough, employers pay you for experience and being good at your job. Wild.
Still, I found myself with too much month at the end of the money so to speak. Wasn’t going broke, wasn’t really flush with cash either. So, I did what every reasonable adult who wants to be rich does: I started listening to Dave Ramsey. Now, here I am. On the road to wealth. Getting ready to burn some dust here. Eat my rubber.
I used to think Dave Ramsey was just some mean old dude who loved telling people they were dumbasses. And I was absolutely correct. Listening to Dave light into morons for three hours five days a week is just about as satisfying as it gets, and you learn about money along the way. It’s the best of both worlds.
My longheld beliefs about money were absolutely shattered. Being young isn’t an excuse to recklessly spend money on shit you can’t afford and rack up credit card debt. I’m a classic example of a dude who was awful with money (and still kind of is).
No one held a gun to your head and forced you to take out six figures in student loans. No one told you to get a $1000/month apartment when your take home pay is less than $2500. No one forced you to get a liberal arts degree when you damn well knew the median salary for liberal arts majors was $43,000 annually! Also, you shouldn’t have even gone to college in the first place! There are welders in Nebraska who make six figure salaries. We’re all suckers. Go find your high school college advisor and punch them in the face.
“Corporate America” is a boogey man. There is no one holding you down, preventing you from success. You are the boss in America. Hate your boss? Go get a new job. Can’t afford your car payments? Sell the dang car, refinance the remainder of the loan and go buy a 2011 Honda Accord. Corporate welfare is just a fancy word for anti-inflation. Blew my mind. Go ahead and tax the shit out of corporations. That burden will then fall on to consumers and inflation will run rampant. Anyone can get rich in America if you live within your means.
Wealth inequality is FAIR.
Wealth isn’t inherited. It isn’t just dropped into your lap. Wealth can be ravaged by dumb kids. Wealth is victory. Wealth is earned. Kids who squander their parents’ wealth are losers. Kids who inherit millions and turn it into billions are winners. They’re champions. Fair is not equal. The hick in West Virginia feeding her baby Mountain Dew making 100 grand a year because you make 100 grand a year isn’t fair. Wealth is earned. It’s accrued. It’s a house. Talent, effort, diligence, discipline.
The system is designed to be taken advantage of, which is significantly better than the other way around. Stop bitching and get to work. Man, I’m so fired up right now.
Have I put his advice into practice? Hell no! I just financed a mid-sized sedan and am living by myself in a 900-square foot apartment KitchenAid appliances I bought with a credit card coming out my ass. I’ve got a $200 cable bill that should probably be going into a 401(k) instead of premium channels.
Regardless, I listen to Dave Ramsey. I’m basically a millionaire already. So next time you ask me how I’m doing, I will absolutely tell you “Better than I deserve.” .
**Dave, if you’re reading this, I swear I’m done being a butt and I’m getting my act together.
Image via YouTube
Respond
Brian McGannon
What do I love? I love happy hour, a good golf tan, and getting moderately drunk during dinner.
@BrianMcGannon
@brianmcgannon
brianmcgannon
I wonder if anyone has a link I can click for info on how to work from home and make more money?
“Wealth Inequality is FAIR”
THANK YOU!!! If only half the country could recognize this and understand that the only time there’s wealth equality, everyone is poor because economic scarcity.
Wealth inequality is just such a stupid, cringeworthy lingo.
Pretty much. If someone wants to know what’s like to live in a country with wealth equality, go check out Venezuela.
Look, I really just like listening to him roast people who are shitty with their money. Jesus, people.
Dave Ramsey is for finances like AA is for alcoholics. If you are an alcoholic, you need what DR and AA are peddling. If you aren’t, it’s way too aggressive and lacking in nuance, IMO. Dave’s view of “debt is sin” is all kinds of messed up in several different ways. You need to consider things like interest rates, collateral, and terms of the loan; owing $20k on a midsized sedan at 2% you’re going to pay off on a 48-month plan is very different than owing $20k on a credit card at 18% that you’re making the minimum payments on. That difference is apparent to everyone, except DR and his crazed disciples.
He also preaches “pay off your home early”….at 3.25% fixed, that would be the worst decision I could make.
3.25% fixed PLUS tax deductible. So really more like 2.25%.
@robertfoshoww this guy sounds like a big ol’ hater rn
“Fair is not Equal”. Very good lesson that I think a good amount of our country needs to come to understand
Big fan of Dave Ramsey (parents got me hooked back in high school), NOT a big fan of digs on West Virginia. P.S. Brian, “hick” is an acceptable label, but “hillbilly” is preferred.
As a native Missourian, I get my shots in on other shitty states when I can.
shout out from the Show-Me. Imo’s pizza and methamphetamine baby
Imo’s has ravaged this state worse than meth.
Not big on Dave Ramsey, but I do like Pete the Planner. Either way, financial responsibility is lit.
Dave Ramsey is a moron. Debt leverage, especially in the interest rate environment of the last decade, has been the best financial decisions I’ve made personally and for business. Why pay off debt at low interest rates ahead of the amortization schedules when you can go earn at least double in the equity markets and go over break even in investment grade fixed income?
Find a new financial savior man.
If you know what Debt Leverage, you’re not in Dave Ramsey’s target audience. His stuff is more for people that are $25,000 in credit card debt and making minimum payments each month.
Is that bad? Asking for a friend
It’s not ideal, no.
Exactly. Dave Ramsay is for when you are in debt up to your eyeballs and can’t see a way out. He’s for developing a good foundation for proper personal financial management. He is not someone you should live your entire financial life by.
Sure, his stuff isn’t for everyone. If you are financially savvy then you can work things in a more sophisticated manner to better results than his plan would provide. But that is not who the plan is built for.
Also, he has accrued a NW of 55 mill by selling this plan to people, so I hardly think he’s a moron.
Omg you’re so smart, how come you’re not someone important yet?
Robert Kiyosaki
Not real big into his way of doing things, but the guy has a massive house in the Franklin/Brentwood area. So he must be doing something right.
A lot of his stuff is good but it’s cringeworthy when he tells people to pay off 2-3% fixed loans on reasonable cars instead of saving for retirement. The interest you’re avoiding is peanuts compared to how much that money will compound over the decades.
That makes sense with a house, however a vehicle is a depreciating asset, so in reality, your “interest” cost is much higher. This will be irrelevant once we have self-driving Ubers and all conventional cars are worthless.
No, the cost is not much higher because of depreciation. The cost is the cost. If you buy a car that totals $20k inc interest, you pay $20k. You don’t pay extra for the depreciation. And with stupid-low interest rates on cars it makes no sense to pay them off early in lieu of investing.
A 2017 Honda CR-V is about $23K
A 2012 Honda CR-V is about $14K
So if I pay $23,000 “inc interest” for a car and my loan is paid off after 5 years, I now have an asset worth $14,000. That cost me about 9% per year for 5 years. The cost is much higher because of depreciation.