The Dave Ramsey Effect

This was fun.

Category:

People & Blogs

Tags:

• credit
• cards
• dave
• ramsey
• debt
• free
• personal
• finance
• money

[thomasvr1]

We are now DEBT FREE!!!

Just over $38,000 paid off in 14 months!

We are debt free and LOVING IT!!!!!!!!!

[klongiklongi]

those are expired credit cards!

[thomasvr1]

Yep, and the accounts are closed forever!

[mtaylor989]

FREEEEEEEEEEEEEEEEEEEDOOOOOOM!­!!!!!!!!!!!

CONGRATULATIONS! Keep up the good work!!!!!!!

[terickson82]

Awesome! Dave Ramsey has gotten to you too, has he :)

[ev06dre]

@haleyeah1313 Not quite, you got to be in before it get's to the fad stage. You need to be in while everyone is calling it a rubbish investment (Gold 10 years ago and even now). When everyone is jumping on the Gold bandwagon and it becomes a fad I'll take my profits and switch. The long term goal is to get rich, the short term goal is to be in the investment that is making the most gains and not clinging onto a losing trade until it breaks even

[haleyeah1313]

@ev06dre And that is the difference between someone who follows fads versus someone who invests; short term vs long term.

[ev06dre]

@haleyeah1313 But imagine if he was a bit more open minded, he may have suggested people jump off the top of the stock market roller coaster onto the precious metals roller coaster that was at the bottom. When precious metals become over valued I will jump off and onto stocks/real estate which will be quite low, then ride that one up with the value I've gained on the precious metals roller coaster, then rinse and repeat

[haleyeah1313]

@ev06dre The only people that lost lots of money were the people that jumped off of the roller coaster at the bottom. If you ride the coaster all the way through, it goes up and down; and it did come back up. You only get hurt on a roller coaster if you jump off.

[BiznisCentarYT]

Stay in touch for a safer future!

[Paladin1warrior]

Funny that we as Christians are starting to wake up to the duty as stewards. I love Health, Finance, and family self-improvement. Can anyone think of any others?

[rduncan999]

@ev06dre if you actually do his program he says right at the begining of the investing lesson to not take his advice because he says so... Hes just telling people what he would do... and with the investing its sposta be for a long term ie 5 years or more with the stock market. if you try to make fast money in the stock market youll be broke every time. but hay what do i know im just a lowly cook.

[cancongirl73]

@thomasvr1 good for you! that's fantastic!

[ev06dre]

@conservative608 I think he's great for getting out of debt (I've just started so got a ways to go yet lol) but you've got to think rationally about his advice, if he missed the 2008/9 crash, you've got to question his economic/investment advice. Some people lost a lot of money if they blindly did what he suggested without doing their own due diligence. Listen harder to people that correctly predicted future economic happenings.

[conservative608]

Thank God. Another person with a brain on YouTube. thomasvr1, you are awesome. Dave Ramsey is awesome!

If you see other YouTube videos where they have clips from Ramsey's show, the comments are vile and hate-filled especially when Ramsey comes out and says gold is a poor investment even for a collapsed economy. People don't want to hear they bought magic beans.