Dave Ramsey - What do you think?

[Lifebeholder]

I learned more from The Millionaire Next Door book published in 1996 than from Dave Ramsey.

Dave promotes only what he knows works - money in envelopes, debit cards, etc.  As soon as you vary from that, it might not work for someone in his big radio audience.

Would the economic impact of this pandemic be the same if everyone had 3 to 6 months of expenses like Dave recommends?

I am sure it would be quite different if everyone was that much prepared.  Sadly many never seem to want to plan ahead and always live pay check to pay check with little to no savings.

It might just be me, but I know Dave has mentioned Thomas J. Stanley, but since his death I swear that Chris Hogan, the Dave Ramsey personality, is starting to take over his concept. It irritates me some that he didn't realize you had a financial number early on. Even if you know you will do Roth, 401k, SEP, retirement plans, GAP fund for years before retirement or any other investing. You know about your age you can retire and you know you can put extra away to have it for up coming years so yes you could get ahead before that retirement age.

When it comes to finances a lot of what these guys say seems very similar to me.   I listened to Suzy Orman for a time as well.  She does tings in some of the same ways Dave Ramsey does but puts her own spin on the ideas as well.

I follow my own rules.  Which may be why I am broke.

Well, you never know you could have already started on a new track. You are getting deals. You just have to keep saving the money up in between deals and paying out right. I am sure since you are reading advice from the forums and getting to be around knowledgeable people you might be getting more tidbits then you realizes. You are definitely already better off than other people. I know people that can't spot a deal to save their life and they are just going to have to work harder to get the same products we are getting deals on and pay to much for it.