As a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone đ
As a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone đ
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Dave Ramsey is a hack.
broken clock tho
That's...the point of the saying.
Time is continuous, not discrete
Well most clocks are not continuous though.
Yeah but what if the clock is broken so it's like 15 minutes off all the time? Then it's never right. The right twice a day is just big idiom propaganda
If itâs always off by 15 minutes, itâs not broken, itâs misconfigured.
And if it can't be fixed?
Damn, that's a critical error. Good catch.
All you need to know about Dave Ramsey: i worked on his Jaguar XK.
Is that a particularly expensive jaguar? When I was car shopping I saw some jags for 20k or less so owning a Jag means absolutely nothing when it comes to wealth.
The trick is that it costs an absolute fortune to maintain them, that's why they're cheap used. I believe there Is a saying that goes something like "the only car more expensive than a luxury car is a used luxury car"
He's right for most people first beginning to improve their financial health. He has probably gotten more people out of debt than any other 'guru'. If that's a hack, so be it, it works.
Is he the idiot who demands you only pay for things in cash and store it in labeled envelopes?
Doesnât that 1950s(?idk) advice kinda work for some people?
âDemandsâ though thatâs odd
Nah heâs alright. There is no nuance in his advice but for the majority of his listeners thatâs probably a good thing.
Yeah he has some shit personally takes and I hate the way he runs his company. He does give pretty decent financial advice though
I can give better advice in a similarly easy to consume manner, applicable to most.
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Invest in a low cost target date fund. Look at Vanguard target date funds for examples and pick a year close to your expected retirement date.
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Pay your highest interest debt before lower.
Both of these pieces of advice make you more money than doing what Ramsay says and are equally easy to understand.
Yes, but do people do it? No.
Do people actually do what Ramsey suggests, even if it isn't mathematically perfect? Yes.
You're under estimating the human factor.
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Dave Ramsey has excellent financial advice for a certain type of person. I bet 90% of people reading this need Dave Ramsey style advice.