What is Dave Ramsey wrong about exactly?

>save more than you spend
>invest in growth stocks, making 10-12% return over time
>become a millionaire at the age of 45

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He says you shouldn’t pay off your highest interest loans first

>only buy a house with cash
nah

his entire philosophy revolves around banking your entire life on SPY outpacing inflation

he doesn't say no to Mortgages

... and why wouldn't it? it's been that way for 50+ years

>buy a house on a 15 year mortgage with a payment of 1/4th your take home
If you make 4k you could spend 1k a month on a house

Good luck with that
He also acts like taxes are 5% or nonexistent

Yeah, the point is to let yourself progress. Most people don't have the mental fortitude to go years before reaching a goal.

he believes in the system. The new crisis is upon us, and its gonna be a lot worse then 2008, and he still thinks he can have the high moral ground. He is just a boomer, who will in couple of years say, well that was crazy, who could have predicted that?

Also he will lose shit ton of money in the process.

The world is changing, and has been, way faster than this fucking boomer’s brain cells can move. And it’s not like he’s going to get any sharper with age. Nigger doesn’t even know the world he lives in.

and in the last 10 yrs the fed balance sheet and treasuries went vertical, there are a lot of structural changes since his boomer era, it would be one thing if he articulated that and debated it, but hes completely ignorant

bruh if there's a crisis nothing will help you. I'd rather be optimistic.

Precious metals and crypto?

If the world is fucked your scam pajeet coins and shiny metals will not be useful.

>a lot worse than 2008
[CITATION NEEDED]

>caller: Well I'm 50k in debt and I'm working 3 jobs and having a hard time paying it off
>Ramsey: You need to find a better job. Also eat rice and beans

>If their is a currency crisis NOTHING will help you
>Nooo people in weimar germany who had gold didn't do well noooooo it's not trueeeeeeeeee
stfu retard. Gold and Silver is real money and a store of value.

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He wants you to stay away from credit cards because debt bad. He's right if you're an idiot with no self control. Going to be hard to get a decent mortgage with little to no credit history.
He also preaches paying down debt before investing. My $44,000 mortgage is at 4.25%. I also maxed out my 403(b) last year with ~32% growth. Even now my portfolio is beating my mortgage interest. Why would I scramble to put off my mortgage when paying the minimum allows me to pay it down and give me more freedom to invest and allow for growth over time?
I think he does a lot of good for a lot of lazy people, but he should be the gateway drug into personal finance at best.

Gas and ammo will get you further if shit really goes down.

The whole economy runs on debt, you not utilizing that intelligently(this word is important) you're basically running a race with 1 leg.

He's dead wrong on how he says the mutual funds he shills will return you 12.5% a year

You will get that nowhere by default and eventually sooner than you think "growth stocks" stop growing

>the dignity of work, you must love your boss and your job
>you must chase a higher salary like a dog on a leash or you're a loser
>the basis of debt avoidance is scripture
>diverse asset classes is a liberal lie and you should only hold US corporate stocks
>the life script is the only way to be wealthy

...he recommends international stock funds, though.

Most people who stack gold and silver also stack brass and food. At least I do.

Although he does have the basics down. Don't be a retard and accrue consumer debt, save money, budget, invest for the longer term. Pay everything off like your house and don't be a greedy consumerist cunt if you can't afford it.

Buying food from Mormons?
If not, you're missing out.

>... and why wouldn't it? it's been that way for 50+ years
You're at the tail end of the inflation cycle, we're going into a deflationary depression and then you can buy stonks and they will only go up. Boomers get screwed unironically.

Haven't done that yet. But honestly its almost worth becoming Mormon if you are even a slight prepper. In some places they have sessions at the church where they teach survival skills and basic farming and things of that nature. They are also mandated by the church to have at least a years supply of food. On top of that you usually have a close knit community of people you can rely on in times of trouble.

>[CITATION NEEDED]

>Deflation despite record money printing and low interest rates
>Unemployment up to 20%+
>Only stocks with earnings and growth potential are being piled into pushing P/Es into triple and quadruple digits
>Gold bull market starting
>Mortgage freeze

You don't need to be a member to buy food from their pantry. Most of it has a 30 year shelf life and is sold pretty much at cost. This shit is why I farm. Also, I don't want my kids to grow up being inept with their hands.

he's not wrong, but his advice is only good for poorfags

>Dumb poorfags
ftfy

He's aware I'm sure, but talking about it would invalidate his entire strategy. What's he realistically supposed to shill to an entire country to put their retirement in, bitcoin? Everything's fucked when the dollar collapses.

He never recommended link