Dave Ramsey can't multiply!

Dave Ramsey seems to be convinced that 5% of $40,000 is $800. Hmm.

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[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]

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

[benjamindavidbiggs]

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

[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

[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.

[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.

[jacksonroks]

how else can haters feel smugly superior to everyone else?

[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.