JENNR8R 0
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That's not the message that I've heard him give. He is always telling people not to do something until they can pay for it. If they have debt, for whatever reason, they should get out of it as fast as possible. Mortgage debt being the only exception.What do you call a beautiful, sunny day that comes after two cloudy, rainy
ones? -- Monday.
gmittar 0
There are a few things I disagree with that he says, but none of them are financial. Usually they're religious perspectives that I don't buy into. But then I don't have to in order to benefit from his teaching.
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Seriously, W.T.F. mate?
mailin 0
His solution was to go back to school and get a better job to pay off the debt - even if she had to get school loans to do it.
Jen
micro 0
Quote"First Real Skydiver!" BS! I used to talk to him all of the time at the Y. He was one of the "always wanted to do that" people. Real nice guy.. down to earth.. good Christian fella.
the quote was "that was the first skydiver I've ever had on my show."
I miss Lee.
And JP.
And Chris. And...
gmittar 0
QuoteNot completely true. He had a caller two weeks ago (actually I think the show was a rerun from a few months ago) where the womans husband had passed away leaving her with a mountain of debt.
His solution was to go back to school and get a better job to pay off the debt - even if she had to get school loans to do it.
Jen
Yeah, on very extreme or unique cases he'll go for school debt. But not often. I'm almost glad I didn't listen to him before I went to school, because I wouldn't have gone if I had been listening. And going to school was one of the best things I've done for myself, both personally and from a career perspective.
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Seriously, W.T.F. mate?
micro 0
QuoteRamsey doesn't say that education debt is dumb. He does, however, say that you should pay it off (duh!) but not before you pay off dumb debt, like credit cards.
Quote
That's not the message that I've heard him give. He is always telling people not to do something until they can pay for it. If they have debt, for whatever reason, they should get out of it as fast as possible. Mortgage debt being the only exception.
If that were true, then how could most people get an advanced education? For one, that's not what I've heard him say, and two, if it was, I'd not listen to him for long b/c that's not sound advice. Student loan debt is generally very low interest debt and is tax deductible ,I think. And considering how it has the potential to boost your income, you'd be silly ("dumb" in his lingo) to NOT avail yourself of it!
I miss Lee.
And JP.
And Chris. And...
gmittar 0
QuoteQuoteRamsey doesn't say that education debt is dumb. He does, however, say that you should pay it off (duh!) but not before you pay off dumb debt, like credit cards.
Quote
That's not the message that I've heard him give. He is always telling people not to do something until they can pay for it. If they have debt, for whatever reason, they should get out of it as fast as possible. Mortgage debt being the only exception.
If that were true, then how could most people get an advanced education? For one, that's not what I've heard him say, and two, if it was, I'd not listen to him for long b/c that's not sound advice. Student loan debt is generally very low interest debt and is tax deductible ,I think. And considering how it has the potential to boost your income, you'd be silly ("dumb" in his lingo) to NOT avail yourself of it!
You don't listen to him much if you're justifying debt with low or tax deductible interest
|>.<|
Seriously, W.T.F. mate?
JENNR8R 0
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By working your way through. Like I said, that's what I've heard him say. I believe everyone hears a message differently.
Higher education is not necessarily the key to higher income. And a higher income is not the key to happiness.What do you call a beautiful, sunny day that comes after two cloudy, rainy
ones? -- Monday.
Squeak 17
I borrowed 300K to buy 2 properties 4 years ago I owe 260K now, but each property is now worth 280K a piece. if I sold them both now I would have a capital gain of of 250K, that don't sound like bad debt to me. and there is NO way I could save and pay up front for either property Also the moneis that I spend on maintiaing the properties comes off my taxable income, thus lowering the ammount of money I pay tax on. they are negatively geared and they being in an icome that means they cost me $50 per week.
My Life ROCKS!
How's yours doing?
JENNR8R 0
I'm not saying that his advice is "the Gospel" for everyone. I'm just relaying what I've heard him preaching for years.
ones? -- Monday.
Not all debt is dumb, bad debt is dumb, good debt is not dumb, I have 300K worth of debt and none of it is dumb
I don't know the details of your debt, but after listening to Dave Ramsey for several years, I believe he would say that it is dumb.
Squeak is speaking in Australian dollars (I'm assuming) which should be a bit less in US, again I think. Also, I'm also assuming there is a bit of education debt in there as well.
Ramsey doesn't say that education debt is dumb. He does however say that you should pay it off (duh!) but not before you pay off dumb debt, like credit cards.
I miss Lee.
And JP.
And Chris. And...