Dave Ramsey

Dave is a boomer par excellence, but he’s not wrong about a lot of stuff if you’re an ignorant consooomer. However, if you were smart enough to find your way here you don’t really need him.

For every person who is able to make decent money at crypto, 100 people lose their shirts. For every person who is able to make decent money playing poker, 100 people lose their shirts. Dave Ramsey's advice is solid for the vast majority of people: don't invest in something that statistically is going to cause you to lose money.

wtf that can't be real, how did they make him do that

Look at that background. He's confirmed ancap. But for real, his advice is mostly targeted towards people trying to get out of debt. And he admits his advice is based on making behavioral changes rather than what is mathematically optimal.

Yeah, but isn't what he teaches is common Knowledge? He simply just talk about saving money and giving it to big bankers to save your money into mutual funds which is pretty "Oy Vey".

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Do that many people really get fleeced around here? I’m up 400 percent since I started in March, my only strategy is to buy after a big dip and hold until BTC starts to go parabolic, then set stop loss orders on all of my long positions. I’m not smart enough to day trade and I just don’t want to get burned on pump&dump scams or pay short term capital gains tax in the US.

If you play on Ramsey mode you are not min/maxing your character but you are playing a safe game with a very high probability of not fucking up and retiring with 1-10 million dollars at age 65.
It’s perfect for people with no discipline or self control.
I kind of stick to the Ramsey-lite strategy. I have about 50k in credit card line if credit but never carry a balance.
I buy houses with leverage but with large down payments.
I mostly don’t buy mutual funds but I do mindlessly DCA into everything I do buy.

>Yeah, but isn't what he teaches is common Knowledge
Yes, but most people don't follow common knowledge, that's why everyone is broke and in debt.
>giving it to big bankers to save your money into mutual funds which is pretty "Oy Vey".
Statistically this is the best way for normies to make money long term.

> Statistically this is the best way for normies to make money long term
Agree but index funds and ETFs beat mutual funds all day long on fee structure

He recommends ETFs and index funds too in addition to growth stock mfs. Here's an article from one of his pet nigger's ghostwriters about them: daveramsey.com/blog/etf-vs-mutual-funds

The dave ramsey podcast is great if you like money stuff and have a lot of drive time to kill.

But who cares about Normies. Let them suffer. The enlighten ones hang out in Zig Forums and the other ones hang out on twitter.

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This is a thread about a normie radio show

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You're probably in top 5% actually

entry level advice for clueless wagies

You are illiterate as far as finances go, he is a good dude to listen to.
Because of the kind of audience he is targeting, he is biased towards super safe, slow and steady kind of growth.

If you don't know if you are illiterate or not, you should probably listen to 20-50 of his videos.

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Wow, turns out you really should always do the opposite of what Zig Forums says

Great for absolute retards who don't even understand how a credit card works.

Horrible if you're actually trying to build wealth.

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Omega Boomer final form
>don't use a 30 year fixed rate mortgage
>don't use leverage
>don't use credit cards
>just get one of my 12% mutual funds
If you have a

Dave ramsey sues critics and youtubers at a drop of a hat for critisizing him. He's only interested in selling online services in Debt consolidation, Real Estate and your run-of-the-mill Get-Rich courses with his name as a brand. I use to listen to his youtube videos and listen to these callers telling him their BS stories. But he's just on-par with Robert Kiyosaki; becoming rich off of poorer people by selling them the idea of being 'financially independant'. Why tighen your belt if you are indebted and rely on a diet of rice and beans? Just declare bankruptcy.

Nothing he says can be news to anyone. It is the generic low risk low reward strategy and living within ones means.

So far it has been more profitable to invest in crypto, even if you just bought "the crypto index", you would have made more than any hedgefund ever has made for their investors. Recall the movie "the big short", that was a x5 they made.

>Nothing he says can be news to anyone.

There are waaaay too many clueless people who live way beyond their means. Getting credit cards to pay off credit cards etc. This is a huge issue in the US, and you know it.

Only one I agree with is don't use leverage.

You fucking swingers will get the rope, you always do.