Dave Ramsey can't multiply!

[theultimaterockr]

Big deal he messed up. So what?

[cookmatthewr]

Anyone who claims that people can't use a credit card responsibly is pretty ignorant. I'm not saying that many people can't. I'm just saying that to claim that there are not benefits to using credit is extremely asinine.

[wiko84]

All those negative comments come from people working for Credit card companies. For them someone like Dave Ramsey is a killer to their rip-off businesses. Why is it hard for an intelligent human being to see that someone who makes a middle class income can not afford to save for kids college or buy a car by cash? Some can't even save a simple $1000. So when Dave tells people that they can live a debt free life, of course MasterCard, Visa, or American Express employees CAN NOT BE HAPPY.

[FDIGUY828]

People that feed into jerks like Dave Ramsey, deserve what they get.

He must think that the whole nation is full of dumb ass rednecks who can not read or want to learn.

It bothers me that people listen to the MEDIA as if they have all the answers.

When you confront these people when they are WRONG, they do not know how to answer. They just talk louder.

Just because he has a talk show does not mean that he knows all the answers.

[Joeys48]

In another video Ramsey said 3% of $1000 wouldn't buy a happy meal! He makes a living being an arrogent jerk. His target market is people that don't understand depreciating assets, self control, impulse control and are unable to live within their means. People that must have what others have regardless if they can afford it or not.

[82snowball]

@Joeys48 he said if you invested your $1000 pay check for 1 month at 3% while you used your credit card for purchases you wouldn't earn enough for a happy meal, which is true

[jgiIles85]

Dave Ramsey's a douche. Just like at his condescending facial antics. He should be banned from television permanently.

[46578901]

I'd point out the mathematical error you made, but it seems others have already done that so it's easier for me to just call you an idiot.

[Rhollmer]

Someone misspoke. Yes, lets video tape that off of our 27" television in a 21 second video taken totally out of context.

[jacksonroks]

how else can haters feel smugly superior to everyone else?

[professorlessor]

So... why is everyone commenting here saying negative things about Ramsey? Financial understanding doesn't have a prerequisite of mental computation. Yes 5% is a fairly easy calculation to do mentally, but I've had genius mathematics professors who've made contributions in the field of complex analysis that make the occasional computational error. Would this be cause to question their understanding of the concepts I needed to learn? No. Me questioning their understanding would make me the idiot.

[chuckminsterabby]

Yikes, what university do you go to?

[professorlessor]

It frankly doesn't matter. That was my point. Every person is exactly that; a person. ALL people make mistakes. Every person makes mistakes and you can deal with it 1 of 2 ways; either throw out all of the advice of every single person because they've all made errors, or learn to sift through the words of others and disregard the occasional error.

[chuckminsterabby]

Agreed

[kenj0418]

$800 is probably the TAXES that Dave (or someone in top bracket) would pay on $2000 (What 5% of 40000 actual is).

[lacon007]

I'd like to slap this guy with an open palm repeatedly for calling Peter Schiff an idiot. Schiff has been correctly predicting trends for years, and this a-hole has the nerve to shit talk him for saying we would have a crash in 08. This guy is NOT a financial guru. He clearly doesn't even understand basic economics.

[walker5family]

Wow, This Schiff guy must be a genius considering the fact the he must NEVER be wrong about the economy. Oh wait, Im sure that he has been wrong about it before, does that make him someone that you want to slap too?

[bbal232323]

peter schiff is an idiot and dave ramsey is the man.

[blueskunk12]

@lacon007

Agree. In my opinion, what Dave Ramsey understands is if you can get some middle class Americans who are deep in debt, and tell them you can help them get out for just $200, enough will respond so that you become rich.

The saddest thing is that Dave Ramsey doesn't offer anything that people can't find elsewhere for free.

[zerosbiggestfan]

i can't believe i watched this.

[Scatrodee]

Hmmm...5% of $40,000 not $2000, at least that is the figure I heard.

[Darthbader66]

Maybe before you post something and make a fool of yourself you should check your math and your facts. Now you are the fool and Dave is the Genius.

[thesuper7]

I posted the video. All you clowns need to relax. First, Dave did the math wrong OR he misspoke, or both. But, you can NOT argue that 5% of $2000 is $800. If you believe that you deserve to lose your house and everything in it. Second, the final savings might be $800 or a completely different number--it does totally depend on your bracket. Third, I posted the video to show that you can't blindly follow every snake-oil salesman out there. I'm a HUGE fan, but Dave is fallible. Remember that.

[walker5family]

How does this make Dave a snake oil salesman?

[walker5family]

Previous Post...

**********

actually he is not as wrong as you think. What he is doing is figuring someone's tax deduction from the interest he saves on a $40000 home loan. 5% of 40000 = 2000. That means that you can deduct $2000 from your income for tax purposes. In that case you will not pay taxes on THAT $2000. This would save you around $700 if you are in a 35% tax bracket. He misspoke when he said that 800 is 5% of 40000, he was saying that 800 is your TAX SAVINGS with a 40000 mortgage.

[walker5family]

The tax savings is actually $700 but I think we can all agree that it is understandable to make a $100 mistake in a $40000 conversation.

[wirehead14]

dave, a genius. that's funny!

[uniplur]

Wow, Ramsey can't even multiply simple numbers in his head! It's rather frightening to ponder how many suckers are drinking his Kool-Aid.

[walker5family]

What is frightening is the fact that you would discount someone due to your ignorance. I have drank the Kook-Aid but Im no sucker. Im living the life baby!!!! Wish you were here.

[coffeeloverdude2]

Dave was right! The person that posted this is a stupid idiot and probably makes 7 bucks an hr fliping burgers.

[walker5family]

I think it's safe to say that the person that posted this video is a 'hater' and just wanted to find a way to bash Dave Ramsey. The fact is that he just showed his ignorance of how taxes work.

[gigman7]

Without all of the numbers, you can't say if he can multiply or not. If you owe $40,000 on a home that has an interest rate of 8% and you are in a 25% tax bracket, your tax savings would in fact be $800. Simple math. Dave's right. You're wrong.

[olh1152]

amazing!! it takes a really smart dude to make money of common sense. dave is really smart, one of his kits sell for about $80.00. he went broke, but he is a millionaire again.

[walker5family]

actually he is not as wrong as you think. What he is doing is figuring someone's tax deduction from the interest he saves on a $40000 home loan. 5% of 40000 = 2000. That means that you can deduct $2000 from your income for tax purposes. In that case you will not pay taxes on THAT $2000. This would save you around $700 if you are in a 35% tax bracket. He misspoke when he said that 800 is 5% of 40000, he was saying that 800 is your TAX SAVINGS with a 40000 mortgage.

I hope this makes sense

[mahnarch]

Can I hire you to do my taxes?

I would ask Dave but, HE'S SOOO BUSY WITH CORRECT MATH THAT HE HASN'T GOT THE TIME!!

Walker, you're my hero.

+1'd

[onepersontwoperson]

thanks for that. For a minute I thought I was crazy.

[hiitsmescott]

thesuper7 = the super poop head?

[fhurst]

Let's see, Dave is on the air 20 hours per week with TV and radio, and he made a mistake. Whoopie.

[gigman7]

Actually, he didn't make a mistake. His math was correct.

[proudfilipina23]

his still very smart

[proudfilipina23]

who cares if he made a mistake,nobody is perfect.but he is still very smart man

[srwm4]

Big deal. He hit the 2 instead of the 5 on his calculator. Though, I'm not sure why he relies on his HP-12c so much...you would think he could get a producer to crunch the numbers durring the screening process.

[truthforamerica]

Oh wow, this person is really going to show Dave Ramsey! He found a misquote out of hundreds of hours of radio and TV. Real brilliant. Guess no one can makes mistakes. Maybe someone is jealous if his success, lol.

[peeledonionhead92]

So What He Made 1 Mistake The Guy Is Worth Like $50 Million Who Cares

[AcomsRazor1776]

Not to shabby for a man who went from millionaire to flat broke and in debt to multimillionaire!

[tvdavis]

I'm pretty sure I remember seeing this episode of the show, and I seem to recall that Dave corrected himself later. I don't agree with a lot of what Dave Ramsey says, but I'm sure that everyone has made a mistake or two when doing a LIVE show. Cut the guy some slack.

[truthforamerica]

Is this the best criticism you have? Imagine being on the radio for about 20 years and doing a tv show and never misspeaking. You have an aggenda and you have just proved how desperate you are. When you have his success, then post your dumb comments.

[benjamindavidbiggs]

this might be going out on a limb here but... Im gonna say that with what he's done, he probably can multiply.