Teach me.

 

Read his book. I know, it sounds stupid, and when I first heard him, I thought he was nuts. I think I even said it on here. No kids? You should be socking it away. And yes you can eat more than noodles.

It's not the lowest interest rate 1st. If it was then we'd be trying to pay off our mortgages 1st. It's the smallest debt amount 1st. When I started it was a Kohls card with about 500 bucks on it. Couldn't even tell you what the interest was

 

OK I see. I thought I saw where someone said lowest interest rate.

Read his book. I know, it sounds stupid, and when I first heard him, I thought he was nuts. I think I even said it on here. No kids? You should be socking it away. And yes you can eat more than noodles.

 

Honestly I don't need a book to teach me simple financial calculations on interests rates and what to pay off first. I have a system in place that I use and it works well for me. Obviously I am not debt free I just got a house but in due time. The fiance and wedding planning are getting in the way. :irked: :lol:

Agreed, but look at where "realistic" has gotten most people from a financial perspective.

 

We can agree on that. If people learned to live within their budget and be realistic then he wouldn't be making $Millions on this book.

We can agree on that. If people learned to live within their budget and be realistic then he wouldn't be making $Millions on this book.

 

:clap:

Agreed, but look at where "realistic" has gotten most people from a financial perspective.

 

Something that has gone ignored in this discussion is the purpose behind Ramsey's program. He essentially says that there are three things God asks that we do with our money: Give it, save it, & spend it. A big motivation for doing the Financial Peace program, as he outlines in the final lesson, is so that you have money freed up to become a big-time generous giver. I don't understand why a financial plan, with that as one of its major goals, is so often ridiculed. Whether you are a Christian or an atheist, I would think that is an ambition we could all champion.

This is the point I was really trying to make.

 

For the record I have a two car loans. One I regret and one I don't.

Honestly I don't need a book to teach me simple financial calculations on interests rates and what to pay off first. I have a system in place that I use and it works well for me. Obviously I am not debt free I just got a house but in due time. The fiance and wedding planning are getting in the way. :irked: :lol:

 

:thumb: Why should I waste time and money and read a book that teaches me stuff that is common sense?

 

And the whole don't have credit cards thing is bogus. As long as you're disciplined enough to use cash back cards and pay them off every single month, no exceptions, you're fine. Also, try being a just out of college kid trying to get your first house, without ever having a credit card or car payment. Never gonna happen with this housing market.

Is that realistic for someone who drives 20-40 miles a day to work? You only put about 6k miles on a car in a year or two. If I remember correctly you even ride the bus to work most of the time right or you used to? It's not worth the headache of having to worry about it breaking down like that when I need it to be reliable and get me to work everyday. Obviously it works for some but I don't think it is realistic for the majority of people. I'm not talking about $20-30K car.

 

 

Actually, my brother drove the car 80 miles 5x week to and from work, plus other driving. When he got a new(er) car, it still was a used car that he paid cash for. I think he paid for that car what I will have paid for the repairs to this one. Again, I don't think having a new car means not having the headaches and worry. If you take care of your car, you should know and anticpate what needs to be done. I took mine to a mechanic after I bought it, had him list out what I needed, and then prioritize it and give me estimates. I don't think having a reliable car means you have to have a car payment.

:thumb: Why should I waste time and money and read a book that teaches me stuff that is common sense?

 

And the whole don't have credit cards thing is bogus. As long as you're disciplined enough to use cash back cards and pay them off every single month, no exceptions, you're fine. Also, try being a just out of college kid trying to get your first house, without ever having a credit card or car payment. Never gonna happen with this housing market.

 

Why does a just out of college kid need to own a home? I know I didn't own a home until 6-7 years after getting out of college.

I haven't had a credit card since I got divorced. I've been tempted, but never did it. Yet I still am able to travel, rent cars, buy food, clothes and anything else I want. Besides being a good thing for a credit report, exactly what's the big bonus to having a credit card?

I haven't had a credit card since I got divorced. I've been tempted, but never did it. Yet I still am able to travel, rent cars, buy food, clothes and anything else I want. Besides being a good thing for a credit report, exactly what's the big bonus to having a credit card?

 

1) Cash back that you don't get if using cash.

2) Not having to run to a bank or ATM whenever you need to buy stuff.

1) Cash back that you don't get if using cash.

2) Not having to run to a bank or ATM whenever you need to buy stuff.

 

Better security from identify theft. CC companies are quick to work and give you back your money on things like this plus it's way easier to switch a credit card rather than your bank account.

1) Cash back that you don't get if using cash.

2) Not having to run to a bank or ATM whenever you need to buy stuff.

That's just crazy. I have a reward system on my check card. I don't remember the last time I went to an ATM...maybe when I had to get cash to go to a Trinity game. They don't take credit or any other kinds of cards at the gate.

 

Better security from identify theft. CC companies are quick to work and give you back your money on things like this.

 

My purse was stolen, and my debit cards were used, and I got all my money back. Identiy theft, IMO, is about personal responsibility when using your card. The goal should be to choose to use credit cards because they're better security against identity theft than check or debit cards. Heck, that's an argument for only using cash!

That's just crazy. I have a reward system on my check card. I don't remember the last time I went to an ATM...maybe when I had to get cash to go to a Trinity game. They don't take credit or any other kinds of cards at the gate.

 

 

 

My purse was stolen, and my debit cards were used, and I got all my money back. Identiy theft, IMO, is about personal responsibility when using your card. The goal should be to choose to use credit cards because they're better security against identity theft than check or debit cards. Heck, that's an argument for only using cash!

 

How so? You know which McDonald's employee is going to steal your card number? You get your money back either way. It's just easier to close down a Credit Card rather than a bank account that has automatic deductions or checks coming out of it. Using cash is a nuisance and if someone steals that you don't get it back.

How so? You know which McDonald's employee is going to steal your card number? You get your money back either way. It's just easier to close down a Credit Card rather than a bank account that has automatic deductions or checks coming out of it. Using cash is a nuisance and if someone steals that you don't get it back.

 

I swipe my own card at McDonalds.