Dave Ramsey Socialization Rant

[ir10031981]

American Express= American Distress

Visa= Me Suh.... deep in debt!

In 2010 I resolve to cut up my credit card, or if not, then at least cease using my Visa card. People, Christmas is not an emergency, PAY WITH CASH! I do. I get called weird, so be it. I pay 0% interest in the end.

[JerryGing]

Dave seems like a good guy, but I think his advice to put all your eggs into the stock market and mostly U.S. is misinformed. Great investers like Sir John Templeton advised us to invest in countries where the outlook is the worst, and prices are hyperinflating. The U.S. is not there yet. Our stocks will be a great bargain someday, but I'm not sure about now.

[jeremyemilio]

Dave Ramsey is an after the fact Charlatan. A year ago he insisted Peter Schiff was an idiot because the market could never collapse (oh, and don't buy gold). Now he's angry? Maybe he and people like him should have sounded the alarm instead of marginalizing people like Schiff who new what they were talking about, and we wouldn't be in this situation.

[gvissage]

He believes in the US Econ. He knows the Mkt. goes up & down, sometimes WAY up & sometimes WAY down. Over time however, He believes it will go up.

Gold: if you have a long term outlook, why would you buy something that avg's 4 to 5 % growth?

I don't see how you can call someone a Charlatan who tells people to do common sense things like pay off debt & spend less than you make.

Someone sounds bitter...maybe you should redirect your anger @ the person who put you in your situation...YOU!!!

[mak7066]

taking the short view are you? He calls for being steady and personal responsibility.

[8Autologic8]

Your right, this Dave Ramsey character is a fool.