/biz/ - Business & Finance

>>18362751
magic easter bunny sky daddy

>>18362751
nothing
he doesnt teach you how to make money, he teaches you how to save money

its for normies that dont know to pay off any interest rates higher than 5% and how to say "no" to none essential items

hi dave

Literally who

>>18362827
>and how to say "no" to none essential items
This is the biggest redpill. I've cut down tremendously on grocery bills by pretty much just buying flour, milk, multi vitamins, and peanut butter. I am literally savings hundreds of dollars per month that i can turn around and invest.

>>18362770
>thinking that the concept of God is an old dude in the sky
Demote yourself back to /pol/ neck beard

>>18362893
Do you toss all that in a blender and make a smoothie?

>>18362827
Cosigned

Beans
And
>Rice
And
Rice
And
>Beans
And
Beans
And
>Rice
And
Rice
And
>Beans
And
>Rice
And
BEANS

>>18362751
everything

Over and over we told you data mining fuckers already, he is a bootlicking boomer simp fuck off

>>18362921
your a fucking idiot

>>18362751
Good life advice for normies but gives out objectively bad investment advice, main ones being
>Avoid cheap debt
>Invest in mutual funds with high fees that hold growth and income securities

>>18362751
I really hate this guy. What a conman. I took his advice and put 50% of my paycheck into index funds last year. I only ate meat once a week, lived with my parents, and drove a shit 98 civic because it ran and I could pay it off.

I am getting absolutely justed. I have less money than the people who bought new cars and blew all their money at starbucks. Now I am laid off from my job and am quickly blowing through my emergency fund. My state's unemployment system is fucked. I don't want to sell my index funds at a loss but if this lasts a few more months I will have to. He never told that this was a bubble. Fuck.

>>18363281
Bro you're fine, you still got a good 30 years of waging anyways haha. I mean ONCE THIS IS ALL OVER (haha) you can go back to saving haha

He said clearly that blacks deserve to be 1/3 of a person

>>18362921
/pol/ is a Christian board. He’s not welcome there either.

>>18363281
literally no one told you to do those things
not him
not anyone

also, with dividends the s&p 500 is flat from one year ago today
that isn't the issue the issue is that your brain is the size of a peanut

>>18363329
you misspelled pagan

spending money on tithes to the church

pretty sure he has everything based in churches to exploit tax loopholes

>>18362770
>>18363179
kys

>>18362751
Everything. Except for his one catchphrase "debt = bad." Here's probably his best call, in my opinion.
https://youtu.be/u8ttxDPU2Wk

Notice how it's a female urban youth who took out payday loans to go shopping. As long you're not in that demographic, you don't need to listen to Dave for investing advice.

>tfw paid off your mortgage

>>18363149
This
Ramsey is employing internet marketers who make these fucking shit threads daily

why the fuck would you pay off a mortgage when you can finance for less than 4% interest rates holy shit lmao

He's an alright guy, just wrong when it comes to financial advice. I met him when I was 14. He's still the same boomer as he was then.

>>18363281
>he didn't notice that all his callers make $100k /yr or were literal trust fund babbies

His best advice is to be born rich or inherit a ton of money

>>18363281
He's not a con. He's just preaching boomer tier household budget for the masses. The masses maybe shouldn't take on too much risk? Long term I dont see how his plan fails. There may be better and faster plans/paths but that could carry more risk.

>>18362751

besides religion he's wrong about paying off debts from smallest to largest instead of the ones with the highest interest rate first and wrong to swear off the bonuses you can get by using a credit card. I understand his logic on both of these positions but he's mathematically wrong as long as you have self-control

>>18363407
You work for Ramsey. You might even be Rachelle.

>>18365227
>he's wrong about paying off debts from smallest to largest instead of the ones with the highest interest rate first


No, he doesn't preach the snowball method because it's mathematically efficient. He preaches it because it provides a morale boost and it does work. I've 3 of my students loans so far, and it's motivated me to keep paying them aggressively.


It's smarter to use the avalanche method (highest interest first), but the snowball method is good for converting spenders into savers.

>>18365161
Without a doubt. He's not the only one

>>18363281

How fucking retarded are you. You have to DCA the crashes, not just the peaks. Christ.

>>18362751
Just clean houses for 25 bucks an hour
*sip*

You can't just outright villainize debt. Some debt is good when leveraged properly. The richest entities in the world leverage debt to make themselves richer.

Hoarding your pennies and refusing to open any new lines of credit or take out a mortgage is only hurting your upside. If you can get the right terms for the right investment on that debt you can win.

>>18365177
Piece of mind. Not writing a 1800-3500 $ check 12 months a year. Comfy

>>18362751

>religious fag
>boomer who thinks cruises are appealing
>condones luxurious spending if the person can afford it
>suggests old people buy condos(i lived in a condo. paying association dues is like paying rent)
>entreprenauer fag who thinks everything in life revolves around making money

>>18365255

like I said I do understand his logic on that, the psychological aspect, and that's probably the best approach for your average person. But if you have the self-control and can manage to motivate yourself you'd be better off not using that method. Just depends on the person and how dedicated you are

>>18365390
I used to follow his advice religiously until I realized he advocated for people not to invest until they have all debt paid off. He says this because he only invests in mutual funds rather individual stocks. 12% annually is great for a mutual fund, but there are some stocks in my portfolio that were seeing 50% gains every year during the bull run. My debt is relatively low interest, so there is no reason for me to pass up those gains.

I would like to be debt-free, but I also realize that me and Ramsey have different risk tolerances when it comes to stocks. I'd probably be more conservative too if I were already a millionaire though. He's trying to preserve millions whereas I'm trying make them.

>>18365521
Understanding leverage and compounding interest is what separates the poor from the wealthy. Ramsey represents the boomer who "paid his dues" and is still working at age 70 with almost no retirement money.

>>18362921
Pol is for the Islamic and Christian terrorists.
You fucking profligate.

>>18362921
Fucking new faggot, get out.

>>18365521

He's advises playing a long game to become a millionaire in 20-30 years. Most people who invest in individual stocks and day trade eventually lose their shit

>>18362751

I don't agree with his revisionist ideas about the Nazi concentration camps being labour camps that just suffered typhoid epidemics responsible for the majority of the deaths.

>>18362751
He doesn't hold UND.

I shill his ideas on this board from time to time. I like the baby steps, it works for me, so I bought the book and shared with some friends. some take it, some don't, I think what he does is a good idea, and the "peace of mind" I get from not having debts or payments besides the neccessities (insurance, utilities) helps put more money towards savings and donating. Something about helping a church help build a food shelter for orphan youth or getting single moms childcare so they can look for jobs and actually seeing progress in their lives is something that is worth more to me than whatever phone or games I used to buy. Plus, knowing my gf does the same has me comfortable she won't go crazy on spending. To each their own though.

>>18365575
>Most people who invest in individual stocks and day trade eventually lose their shit

If anything this crash steeled my nerves and taught me a valuable lesson about stop-losses. (They're fucking worthless). I held one of my positions all the way to bottom and it came back, but the one I had a stop-loss on forced me to eat a loss that I could have ignored.

>>18365306
Slave to the lender, it's biblical bro

His advice is fine if you're a basic bitch who racked up a bunch of high interest consumer debt. That's his target audience. You're not going to talk about leverage and high risk investments to a turbo normie with 50k in credit card debt. You tell him to live frugally, pay off debts with the snowball method and stash money away in an index fund.

>>18365743

Sometimes the lender's terms puts them at more peril than yourself. Sometimes the lender is offering you an opportunity to true freedom if you can utilize the resources they let you have.

e.g. buying 4 rental properties at great mortgage terms, using the revenue to pay the loan as well as yourself with excess cash flow

>>18365743
This

saving for your kid's college