Dave Ramsey is NO FINANCIAL EXPERT.

I know this but it still bothers me that he gives out false or arguably bad advice so often.

Any of these people that are supposedly money masters talk the same way about cars and lump them in with houses. Say it with me now:

Maybe. Honestly haven’t interacted with such people.

but his disciples go around acting like everyone needs to hear him. 

I don’t know that his prototypical customers ARE up to their eyeballs in debt. It seems like his prototypical customers are middle class Christians who follow him because it’s what everyone else in their church does. He probably has decent advice for people with serious spending problems, but I take real issue with…

“unless you’re debt-free and have $1 million or more in the bank.” I’m not sure that I know many people that fit into that category. Almost everyone that I know (other then retirees) have a mortgage on their house — not because they can’t pay off their mortgage, but because of taxes (before the tax changes). As for $1…

Agreed, Dave Ramsey’s advice is so incredibly bad, and oftentimes, completely wrong. When I’ve manage to make myself listen to him, it’s constant cringing. The last time I remember hearing him talk was about how you should never lease a “Lexus, BMW, etc” and I couldn’t stop thinking about how he could possibly…

It works for my wife and I. We wanted to buy a TV and we have law school debt. I was like, we want a 0% for 24 months credit card to pay for this $3000 TV. She was like... why? I said student loans are many times that amount and the percentage is 6%. Every dollar we get today we put into that loan is like a 6%…

Dave Ramsey drives me insane. I’ve listened to a few of his podcasts just to see why people seem to worship the ground he walks on and I just don’t get it. Some of the advise is fine but the guys isn’t some savant like some people seem to think he is. I can remember one caller on those podcasts who was a nurse asking…

I’m no financial expert by any means, but that was indeed some garbage advice. Personal needs are different for everyone and that blanket statement was absolute bullshit.

Could have gotten the same sage advice by watching Judge Judy. 

The other issue with paying cash is that the money is now doing nothing and you have no liquidity. Assuming the financing and price are favourable, go for it and invest the rest of your cash. You'll have some money in the event you need it and be earning a return at the same time.

Anyone giving financial advice and is telling you to “never take out a loan”, is really not good at giving financial advice.

Yup. Now that I’m retired and living off an IRA I view purchases like this in a whole new light. I bought a new car at the end of February (impeccable timing, I know). I put the entire amount of my trade into the transaction plus both factory incentives I was eligible for and got the 0% financing on the balance.…

Her pastor doesn’t sound like a hack.

Ramsey isn’t old enough to remember when most cars were junk by 50,000 miles and any of them that made it to 100,000 got a write up in the local paper. That makes me wonder why he’s giving advice as if they still were that way. I remember because I worked on those cars in a gas station lube room. Today’s cars work…

Never listen to anyone who mixes Jesus with financial advice. I’ve listened to these types of clowns over the years and they generally don’t know fuck all beyond the most basic tenets of financial literacy that any average Joe can pick up from a little googling and a smidgen common sense.

Absolutely go for 0% interest if you can get yourself into a brand new car with full warranty, latest safety features, etc. When I bought my car back in 2013 I got it slightly under invoice with 0% for 5 years, why pay cash when I can invest that money. Especially since I keep my cars for a while, they’ll be paid off…

Uh, well, Mr. Financial “Advisor,” it’s doing well as the remaining balance on the car note sits in a savings account (or any other investment vehicle of your choosing) GAINING interest.