Dave Ramsey - What do you think?

[PJ]

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've heard that Millionaire Next Door book is pretty good... mostly from Monica, since she read it awhile back.

Things would definitely be different is even a decent percentage of people had a 3-6 month savings.  I didn't really do Dave's baby steps but I did get out of debt mostly out of fear though. I was making decent money and felt like it was a house of cards so I threw everything I could at my debt.  At that time my main source of income was selling on Amazon.  Today I have a grand total of 0 items for sale on Amazon.  Timed that just right, thankfully.

My favorite segments of his are the millionaire theme hours.  To me its more interesting to hear how these people became successful rather than hearing the debt free screams.

He also did a whole hour on how time shares are a scam.  Nail on head there.