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  1. 11-16-2009, 04:27 PM #1
    AnW819
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    I hear a lot of people say they are doing the Dave Ramsey thing, and its how they got debt free and such..I went on his website and did not really see exactly what everyone is doing?? Can anyone explain to me what is so great about him and what he does?

    Thanks
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  2. 11-16-2009, 05:00 PM #2
    mateosbaby
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    Read his books "The Total Money Makeover" and/or "Financial Peace." They explain the baby steps that people take to become debt free and stay that way. Also, check out this thread: [ame="http://www.frugalvillage.com/forums/showthread.php?t=107294"]Expanded Baby Steps - Stolen from MYTMMO.com - Frugal Village Forums[/ame]
    Sara

    Baby Step 1: DONE!!!
    Baby Step 2: DONE!!!
    Baby Step 3: $1,522.33/$12,600 goal (4 months)
    Baby Step 4: Invest 15% of income into retirement
    Baby Step 5: College funding for 4 kids
    Baby Step 6: Pay off mtg
    Baby Step 7: Build Wealth and Give!
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  3. 11-16-2009, 10:17 PM #3
    Greebo
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    Short story - Dave Ramsey is a radio talk show host who, in his 20's, was making huge money in real estate through lots of creative financing, until his bank got bought, and the new bank freaked and called in his loans, and he went bankrupt over the course of a few years.

    Then he made his money back and went back and paid back all his old creditors, and rebuilt his wealth using absolutely no debt at all.

    He started doing radio interviews which lead to him having his own show, and now he dedicates his time to teaching others about how to get out of debt and stay that way.

    And I know you've already found his expanded baby steps.
    If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.

    Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"

    Greebo    (Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
     WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!

    Three     Two mortgages, two one no car loans, one no credit cards, and a partridge in pear tree!
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  4. 11-16-2009, 10:42 PM #4
    AnW819
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    Yes, I did. This guy is pretty awesome!! I am excited to follow his plan and I know I will have plenty of support from you all
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