Dave’s advice is “Spartan” but sound. The average retirement savings in the U.S. is far below what is needed for comfortable retirement. I wouldn’t advise folks go out and finance expensive vehicles they don’t need. The term of vehicle loans have increased and we’re now able to find 5, 6, 7 year loans. It’s easy for a…
p.rico
prico
Ramsey is a pompous toolbag, but had he been concerned about what people actually think about the shit he says, he might have pointed his scorn at people who get into shitty loans (your average 84-month, $700/month Tahoe or what have you) on cars they can’t afford and don’t really need, then decide three years later…
I used to, but due to sacrifice I’m a multimillionaire. I also stopped increasing lifestyle as income rose.
The average millionaire is just some person or couple who has a paid off house that has appreciated considerably and some retirement savings. A million bucks just isn’t much money anymore.
He’s not and my wife did it for a while. It was actually a useful way to get used to budgeting. But man, what a bummer when you grab the “date night” envelope and it only has a $20.
He’s sorta not wrong, but his delivery is awful, bordering on abusive.
I’m a 5 figure nobody and I have way more than 500 extra bucks a month. Also by your own stated logic you left 40% (dozens of millions of Americans) as not living paycheck to paycheck.
60% of us live paycheck to paycheck...
never bothers to define what “millionaire”
Advice that is technically true while also being useless.
Because you are spending $600/month on a car payment
Cool story. I sold investments to pay cash for my Bronco. Those investments are now worth 20% less than when I sold.
“Queue up pedantic know it all commenters on this article.”
Someone who owns a $350,000 house and has $650,000 invested for retirement is technically a millionaire,
“In his expert opinion if you want to be less poor, just have more money.”
YEEEEEEEEEEEESSSSSS.
What, you weren’t in the mood? Mood’s a thing for cattle and loveplay, not Twin Peaks Day!
that gonna hurt later...And this is why I’m not allowed on the internet =)
They are wrong. There isn’t any signal up there, so it’s not possible to make calls in the first place.