Dave Ramsey - What do you think?

[Orion1876]

The last time that I looked for regular groceries (like non perishables and stuff) that Amazon ships to you I found their prices to be EXTREMELY high and not at all even close to competitive, which is WEIRD for Amazon.

This is true.  You have to watch prices when ordering from Amazon.  They tend to raise prices pretty high but a lot of the time the price come down over time a bit as demand slows a bit.

I guess it comes down to how badly you need a given ingredient I guess.

Supply and demand. 

Sadly more often than not there is more demand then there is a supply of various things.

Right now, yes, things like toilet paper, sanitizer, etc.

During normal times, if you have a huge supply that you charge a lot for, you will have that huge supply for a very long time.

There tends to be shortages from time to time for various reasons.  During the Obama administration the shortage was on ammo.   Everyone was afraid they would pass legislation limiting the purchase, so people went nuts stocking up.  I am sure there are lots of people out there will a huge stock pile to this day.

[MiscellaneousDave]

This is true.  You have to watch prices when ordering from Amazon.  They tend to raise prices pretty high but a lot of the time the price come down over time a bit as demand slows a bit.

I guess it comes down to how badly you need a given ingredient I guess.

Supply and demand. 

Sadly more often than not there is more demand then there is a supply of various things.

Right now, yes, things like toilet paper, sanitizer, etc.

During normal times, if you have a huge supply that you charge a lot for, you will have that huge supply for a very long time.

There tends to be shortages from time to time for various reasons.  During the Obama administration the shortage was on ammo.   Everyone was afraid they would pass legislation limiting the purchase, so people went nuts stocking up.  I am sure there are lots of people out there will a huge stock pile to this day.

I remember that vividly.  I honestly thought they were going to as well.

[Orion1876]

Supply and demand. 

Sadly more often than not there is more demand then there is a supply of various things.

Right now, yes, things like toilet paper, sanitizer, etc.

During normal times, if you have a huge supply that you charge a lot for, you will have that huge supply for a very long time.

There tends to be shortages from time to time for various reasons.  During the Obama administration the shortage was on ammo.   Everyone was afraid they would pass legislation limiting the purchase, so people went nuts stocking up.  I am sure there are lots of people out there will a huge stock pile to this day.

I remember that vividly.  I honestly thought they were going to as well.

Luck for us there was enough push back from the other political party that it was not possible.

[MiscellaneousDave]

Luck for us there was enough push back from the other political party that it was not possible.

THANK GOD.

[Orion1876]

Luck for us there was enough push back from the other political party that it was not possible.

THANK GOD.

Amen to the democratic system. 

[MiscellaneousDave]

Luck for us there was enough push back from the other political party that it was not possible.

THANK GOD.

Amen to the democratic system. 

Sometimes. lol.

But I guess I can't just like it when it works in my favor.

[Orion1876]

Luck for us there was enough push back from the other political party that it was not possible.

THANK GOD.

Amen to the democratic system. 

Sometimes. lol.

But I guess I can't just like it when it works in my favor.

This is true.   Looking around the world at other countries it is clear that it could have been a whole lot worse here if this system was not put in places.

[29Feb]

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?

[Orion1876]

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.

[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.