this post was submitted on 29 Oct 2024
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Fuck Cars

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[–] [email protected] 140 points 2 weeks ago (22 children)
[–] [email protected] 2 points 2 weeks ago (3 children)

Nah he’s alright. There is no nuance in his advice but for the majority of his listeners that’s probably a good thing.

[–] [email protected] 1 points 2 weeks ago (1 children)

Yeah he has some shit personally takes and I hate the way he runs his company. He does give pretty decent financial advice though

[–] [email protected] 10 points 2 weeks ago (1 children)

No he doesn’t.

I can give better advice in a similarly easy to consume manner, applicable to most.

  1. Invest in a low cost target date fund. Look at Vanguard target date funds for examples and pick a year close to your expected retirement date.

  2. Pay your highest interest debt before lower.

Both of these pieces of advice make you more money than doing what Ramsay says and are equally easy to understand.

[–] [email protected] 1 points 2 weeks ago* (last edited 2 weeks ago)

Yes, but do people do it? No.

Do people actually do what Ramsey suggests, even if it isn't mathematically perfect? Yes.

You're under estimating the human factor.

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