Here's what I've learned: NEVER take out debts from credit card companies especially, NEVER take out bank loans if you cannot pay them back in under 2 years, NEVER take out tuition over $15K annually..... All debt-creating circumstances... A calculated agenda to put this country in debt...
Our countries banks are all owned by the FED, who charge them interested on overseas money... then our banks charge us interest rates from loans (huge joke), up to 25%, which basically means it's very difficult to pay anything back.... Credit cards should be absolutely illegal, so should the DOE... All Europe's plan to bankrupt this country... time to wake up
problem with dave is he let's his political views affect his analysis. difficult though it must be to stay non-biased, he is a financial advisor. objectivity is essential to be taken seriously
@theleonbillion I'm sorry things have not worked out for you personally. Life insurance can rarely be 'destructive' due to the minimum guarantees it provides. At the very worst, it will underperform compared to stocks in a bull market. In light of recessions in the early 2000s, mid 2000s and what looks to be 2012, you really couldn't have done much better than life insurance; particularly equity indexed life insurance with a guaranteed floor. Add to this the low cost of insurance for a child.
@theleonbillion You are 100% correct. Life insurance is intended for income protection. However, Juvenile life insurance provides tax-free growth, flexible and penalty-free access to cash, and is not included in college financial aid calculations. But because the insured is a child the ‘cost’ of the insurance is absolutely minimal. In addition to being a great way to save for college, it provides a lifetime of fully-paid (& guaranteed) insurance for next generation. Check the wikipedia on it.
Indexed Juvenile Life Insurance should be considered too. It will do almost everything a 529 plan can do, with increased flexibility, growth guarantees, and penalty free withdrawals. If all cash value is not withdrawn then the child will have fully-paid lifetime insurance too.
Growth is tax-deferred and withdrawals are tax advantaged. It is linked to the performance of the S&P 500 index, with a growth cap and floor (2% & 13% respectively), providing peace of mind, especially in light of 2008.
After hearing about that 160 thousand debt guy, I fell real good now. Poor fella, I hope he gets out of that mess, but bankruptcy seems inevitible with that circumstance.
@SpankbankINC No kidding. Whenever I think I'm doing horrible, just listen to Dave Ramsey. There's inevitably someone who's more screwed than I am (was)...
i take peter schiff over dave ramsey . take a look at the video peter schiff vs dave ramsey
the video is on here . jan 23 2008 on his radio show
sha370z 1 week ago
Here's what I've learned: NEVER take out debts from credit card companies especially, NEVER take out bank loans if you cannot pay them back in under 2 years, NEVER take out tuition over $15K annually..... All debt-creating circumstances... A calculated agenda to put this country in debt...
antiworldprogod 1 week ago
Our countries banks are all owned by the FED, who charge them interested on overseas money... then our banks charge us interest rates from loans (huge joke), up to 25%, which basically means it's very difficult to pay anything back.... Credit cards should be absolutely illegal, so should the DOE... All Europe's plan to bankrupt this country... time to wake up
antiworldprogod 1 week ago
problem with dave is he let's his political views affect his analysis. difficult though it must be to stay non-biased, he is a financial advisor. objectivity is essential to be taken seriously
dwyerb 1 month ago
dave is a joke he said every thing was ok in jan 2008
sha370z 4 months ago
@sha370z People who take out credit card debt and pay tuition are a joke...
antiworldprogod 1 week ago
@theleonbillion I'm sorry things have not worked out for you personally. Life insurance can rarely be 'destructive' due to the minimum guarantees it provides. At the very worst, it will underperform compared to stocks in a bull market. In light of recessions in the early 2000s, mid 2000s and what looks to be 2012, you really couldn't have done much better than life insurance; particularly equity indexed life insurance with a guaranteed floor. Add to this the low cost of insurance for a child.
TheFigureAPoemMakes 5 months ago
@theleonbillion You are 100% correct. Life insurance is intended for income protection. However, Juvenile life insurance provides tax-free growth, flexible and penalty-free access to cash, and is not included in college financial aid calculations. But because the insured is a child the ‘cost’ of the insurance is absolutely minimal. In addition to being a great way to save for college, it provides a lifetime of fully-paid (& guaranteed) insurance for next generation. Check the wikipedia on it.
TheFigureAPoemMakes 6 months ago
Indexed Juvenile Life Insurance should be considered too. It will do almost everything a 529 plan can do, with increased flexibility, growth guarantees, and penalty free withdrawals. If all cash value is not withdrawn then the child will have fully-paid lifetime insurance too.
Growth is tax-deferred and withdrawals are tax advantaged. It is linked to the performance of the S&P 500 index, with a growth cap and floor (2% & 13% respectively), providing peace of mind, especially in light of 2008.
JamesGarfinkel 11 months ago
i didnt learn a thing......its just no du advice.
xodos1000 1 year ago
After hearing about that 160 thousand debt guy, I fell real good now. Poor fella, I hope he gets out of that mess, but bankruptcy seems inevitible with that circumstance.
SpankbankINC 1 year ago
@SpankbankINC No kidding. Whenever I think I'm doing horrible, just listen to Dave Ramsey. There's inevitably someone who's more screwed than I am (was)...
mikejadoti 1 year ago
@SpankbankINC that's what i thought. i don't feel as bad
JAD3889 4 months ago
Dave is AWESOME! ! !
neemguy81 2 years ago 2
Dave is the coolest! I love his show. Alexis is great, too.
sapofgold 3 years ago