Comments on: The good and bad of Dave Ramsey http://blogs.reuters.com/felix-salmon/2013/09/26/the-good-and-bad-of-dave-ramsey/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Couponrani http://blogs.reuters.com/felix-salmon/2013/09/26/the-good-and-bad-of-dave-ramsey/comment-page-1/#comment-55965 Fri, 24 Oct 2014 06:42:04 +0000 https://blogs.reuters.com/felix-salmon/?p=22530#comment-55965 Awesome, this is truly a brilliant little jot down which I have run into present in extended very. Execute furthermore head over to my current internet page.

]]>
By: Joaquin Harrett http://blogs.reuters.com/felix-salmon/2013/09/26/the-good-and-bad-of-dave-ramsey/comment-page-1/#comment-55306 Fri, 17 Oct 2014 15:53:57 +0000 https://blogs.reuters.com/felix-salmon/?p=22530#comment-55306 Wow, wonderful blog structure! How lengthy have you been running a blog for? you made blogging look easy. The full glance of your site is wonderful, let alone the content material!

]]>
By: traducere romana daneza http://blogs.reuters.com/felix-salmon/2013/09/26/the-good-and-bad-of-dave-ramsey/comment-page-1/#comment-53909 Mon, 29 Sep 2014 16:42:56 +0000 https://blogs.reuters.com/felix-salmon/?p=22530#comment-53909 I want to express some thanks to this writer for bailing me out of this trouble. Just after surfing throughout the world-wide-web and finding recommendations which are not pleasant, I was thinking my life was over. Existing without the presence of answers to the issues you’ve fixed by means of your good post is a critical case, and those that might have adversely damaged my entire career if I hadn’t noticed your web page. The talents and kindness in maneuvering all things was excellent. I am not sure what I would’ve done if I had not encountered such a point like this. I’m able to now look ahead to my future. Thanks a lot very much for your professional and amazing help. I will not be reluctant to propose your web blog to any individual who needs tips about this subject.

]]>
By: fifa 15 coins xbox http://blogs.reuters.com/felix-salmon/2013/09/26/the-good-and-bad-of-dave-ramsey/comment-page-1/#comment-52758 Fri, 26 Sep 2014 01:36:59 +0000 https://blogs.reuters.com/felix-salmon/?p=22530#comment-52758 You could certainly see your enthusiasm in the paintings you write. The sector hopes for even more passionate writers like you who aren’t afraid to mention how they believe. Always go after your heart. “We may pass violets looking for roses. We may pass contentment looking for victory.” by Bern Williams.

]]>
By: bdBrooks http://blogs.reuters.com/felix-salmon/2013/09/26/the-good-and-bad-of-dave-ramsey/comment-page-1/#comment-49814 Tue, 22 Apr 2014 22:50:07 +0000 https://blogs.reuters.com/felix-salmon/?p=22530#comment-49814 I am 25 and my wife and I have followed DR’s advise for years. We have a paid for house (cheap forclosure, we are saving up for an upgrade), and have almost 60k in retirement accounts. It’s is also worth noting that neither of us has made over 50k individually in a year. His advise is solid for most people. So to say that people following his advise won’t have enough to justify an hourly adviser is just wrong.

I agree that his investment strategy is not efficient (mostly due to loads and fees). However, I do agree with exclusively investing in equities while building your nest egg.

+1 Missinginaction (above comment): Having low spend rate is the only way to build wealth.

]]>
By: stevo1729 http://blogs.reuters.com/felix-salmon/2013/09/26/the-good-and-bad-of-dave-ramsey/comment-page-1/#comment-49801 Tue, 22 Apr 2014 15:57:38 +0000 https://blogs.reuters.com/felix-salmon/?p=22530#comment-49801 interesting comment about the shiny new bicycle and the bed as “bad investments”. A good bed gives good sleep, which makes one more effective at work and play. A bicycle can save you gas and wear and tear on your tires, plus allow you to live longer.

Seem like good investments to me. My main concerns with Ramsey are that he underemphasizes the importance of keeping interest rates on debt as low as possible, which can be done via debt consolidation, and that he funnels emotional energy towards finances, which is better directed at being happy.

]]>
By: Missinginaction http://blogs.reuters.com/felix-salmon/2013/09/26/the-good-and-bad-of-dave-ramsey/comment-page-1/#comment-48181 Mon, 30 Sep 2013 14:14:37 +0000 https://blogs.reuters.com/felix-salmon/?p=22530#comment-48181 The last sentence of your piece is for me the most telling.

Spending or more aptly a persons “spend rate” is a key component of any investing strategy.

Spend rates are a function of total overhead. Overhead includes such things as debt service and lifestyle. Once a family gets debt free they are partway to financial independence but only partway. If spending then spirals out of control, even without debt you’ll outlive your assets. There is simply no easy way out.

Based on our observations most (but not all) people have learned little to nothing since 2007-8. If they’re broke they are forced into a less desirable lifestyle. Those still making money in large part are still trying to maintain a pre-recession lifestyle in a post recession world.

I see that a christian person has posted a comment here. I’d ask David his opinion regarding the morality of investing in a QE/infinity, ZIRP world where anything resembling financial market regulation has been watered down via hundreds of millions of dollars worth of Wall Street lobbying.

I’m not a religious man, but I see a moral problem with people participating in the equity markets in this environment. It should seem that government and Fed policy now takes from the poor and gives to the equity markets. Lower class savers receive nothing while markets are bid up via zero interest rate policies. I don’t participate as an equity owner any longer preferring to park my assets as cash in stable credit unions and smaller banks (I research these institutions). Fortunately I can afford the low returns I get. I cannot feel good about making money on the backs of others. Not like this.

]]>
By: DavidMerkel http://blogs.reuters.com/felix-salmon/2013/09/26/the-good-and-bad-of-dave-ramsey/comment-page-1/#comment-48180 Mon, 30 Sep 2013 11:46:44 +0000 https://blogs.reuters.com/felix-salmon/?p=22530#comment-48180 As an evangelical Christian, I say, well said in broad, Felix. Ramsey is good at liability management. He has nothing to say regarding investing.

]]>
By: Strych09 http://blogs.reuters.com/felix-salmon/2013/09/26/the-good-and-bad-of-dave-ramsey/comment-page-1/#comment-48160 Fri, 27 Sep 2013 19:00:11 +0000 https://blogs.reuters.com/felix-salmon/?p=22530#comment-48160 I LOVE the phrase “…the temptations of the hedonic treadmill”. That is so apt.

The reality is Felix is correct. According to Employee Benefit Research Institute (EBRI), 66% of U.S. workers and 64% of U.S. retirees have less than $50,000 in total savings (Ramsey’s “emergency fund” or the equivalent and retirement account balances).

And one reason for that is how Americans spend the money they have coming in while they are working. We need a “new sobriety” in America where consumers stop buying so much plastic fagalcarb imported from mainland China.

]]>
By: Panley http://blogs.reuters.com/felix-salmon/2013/09/26/the-good-and-bad-of-dave-ramsey/comment-page-1/#comment-48159 Fri, 27 Sep 2013 09:19:47 +0000 https://blogs.reuters.com/felix-salmon/?p=22530#comment-48159 “you’ll end up with substantially more money at the end than if you were stuck in a nasty bear market for most of your working life”

As long as you are a net saver, you’re better off with a 30 y bear market, since you are accumulating more income producing assets at ever cheaper prices.

]]>