🧑‍🤝‍🧑 / 🏡 Any Dave Ramsey Fans?

alabama mike

Just Win Baby!
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I like Dave Ramsey and listen to him from time to time. My wife and I did the course Financial Peace with our oldest son and daughter in law not long after they married. The idea was to give them some good financial strategies to get them started in the married life. Are any of you fans or follow any of his 7 baby steps?
 
I enjoy seeing video clips of people in financial disasters.

Point Look Up GIF by Tommy Toskonaut
DVR'd Chrisley Knows Best.
 
Have you listened to any of his radio shows or podcasts?
No. I haven't.

I've heard high praise for Ramsey. When it comes to a podcast like his? It just doesn't fit with when (what I'm doing) I listen to podcasts. My listening choices tend to follow my entertainment choices: now it is football predominantly with some early basketball shows working their way into my loop.

One exception I should add. I tend to look, at least weekly, to see who Rogan has on his show. Much like my preference for long form articles I like his format (extended conversations that range in subjects versus a 15 minute spot. (Kennedy, who has some good content, could be used as an example of the opposite.)
Are any of you fans or follow any of his 7 baby steps?
Here's the thing, Mike. I have followed those steps but it wasnt' because of what he has said or written. To me, it's basic stuff and I certainly don't mean that to come across as "haughty."

I pulled the seven up for reference.

  • I've been keeping an emergency fund since before I could drive.
  • I HATE owing anyone, anything.
  • Another emergency fund for his #3. I've been doing that since the house was built in an area that has seen a few hurricanes.
  • Investments...we probably see differently here, Dave and I. Not in the practice, but how and where.
  • Children's college fund. I've already buried my children (though not in the traditional sense unless traditional includes missionary.)
  • Paying off the house is found in his second baby step.
  • Build and give...subjective definitions here. IE: I give more time than money.
 
No. I haven't.

I've heard high praise for Ramsey. When it comes to a podcast like his? It just doesn't fit with when (what I'm doing) I listen to podcasts. My listening choices tend to follow my entertainment choices: now it is football predominantly with some early basketball shows working their way into my loop.

One exception I should add. I tend to look, at least weekly, to see who Rogan has on his show. Much like my preference for long form articles I like his format (extended conversations that range in subjects versus a 15 minute spot. (Kennedy, who has some good content, could be used as an example of the opposite.)

Here's the thing, Mike. I have followed those steps but it wasnt' because of what he has said or written. To me, it's basic stuff and I certainly don't mean that to come across as "haughty."

I pulled the seven up for reference.

  • I've been keeping an emergency fund since before I could drive.
  • I HATE owing anyone, anything.
  • Another emergency fund for his #3. I've been doing that since the house was built in an area that has seen a few hurricanes.
  • Investments...we probably see differently here, Dave and I. Not in the practice, but how and where.
  • Children's college fund. I've already buried my children (though not in the traditional sense unless traditional includes missionary.)
  • Paying off the house is found in his second baby step.
  • Build and give...subjective definitions here. IE: I give more time than money.
The wife and I do not follow him exactly either bc like you said, its common sense. You do know what they say about common sense? It's not that common. Many people spend and live way beyond their means.

1.We did not have a college fund set up but we were able to pay for college for both of our sons. It did help one played college baseball and the other received academic money.

2.We are in the process of paying off the house and have made a significant dent in that in the past 2 years. As far as investments, we did that for about the last 15-20 years in small amounts. It is amazing how quickly that adds up over time.

3.When I retired the first time from education, I took a PLOP, my sick days, vacation days and deferred compensation and put them in IRA's. One
account is low risk and the other is a little more aggressive. Again, it is amazing well they have done this past year and four months.
 

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