Dave Ramsey Book Group Question 1
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  1. #1
    Registered User dwallyfam's Avatar
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    Default Dave Ramsey Book Group Question 1

    Hi All

    As promised we are starting today.

    I have been looking at a couple of other frugality websites and they don't seem to like Dave. So I thought to kick us off

    What do you think of Dave Ramsey?

    I think the guy is okay. I love his program, but I personally don't agree with everything he says. I do mix and match a between his and other financial people. I do think that on his radio program that he has is very good. I listen as often as I can. I do think that he has a little to much for sale, but that is me.

    Let me know.

    Kellie

  2. #2
    Registered User nodmicks's Avatar
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    We used alot of Daves plan to pay off all our non mortgage debt(over46K). I love listening to him! The tape set was wonderful!! I absolutely love how he is no nonsense and blunt! Like today a guy told him he could easily afford to pay 2500 on two homes with a take home of 5000. Dave told him he was nuts to pay half his take home on morgages.

    I didn't agree with all the plan so we didn't stop Dh's 401K. We didn't get second jobs and we didn't stay with the full envelope plan.

  3. #3
    Moderator aka AmyBob AmyBoz's Avatar
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    Seems like an okay guy. I've never heard the radio show. I've only read Total Money Makeover and visited his website.

    As with any plan like his, as long as people follow it in moderation, I think they'll be fine. All parts of the plan won't work for all people. You need to take it and make it your own.
    Blog: http://amysreallife.com

    Amy
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    Mortgage - $377,836.63

    Always remember others may hate you, but those who hate you don't win unless you hate them. And then you destroy yourself."

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    Still don't have the book! I have read FP Revisited and listen to his radio show on occassion.

    I agree Kellie - sometimes he "sells" too much. He is very entertaining though and I enjoy the encouragement of listening to him.

    Things I don't necessarily agree with - working two jobs if you have small children - they need their parents at home at least part of the day! I also don't think single mothers should always sell expensive cars and drive clunkers that may be unsafe or unreliable.

    But I am quibbling. I love the no-debt philosophy. In my own life, paying off our house before our son started college enables us to pay cash as we go for his education and he doesn't have to take out any student loans.

    Still struggling trying to put a budget together.

    Debbie

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    Registered User dolphin's Avatar
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    I like him and his philosophy.:

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    Registered User acox68's Avatar
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    I think Dave is very motivational and gives us the sense of urgency when it comes to making good money decisions. I have read the Total Money Makeover and listened to it on CD from the library. After I became familiar with his materials, I ended up buying the Financial Peace University (PFU) package from his website. At first I thought $150 with shipping and handling was an enormous amount of cash for FPU, but when I realized that 13, 2 hour classes came with it, it made me feel like I was getting more value for the money. Plus, I will get to really put the principles in practice....my class starts in September....

    Andrea

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    Registered User FarmerSue's Avatar
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    I have some books and one tape that I listen to on my way into the city before I go shopping. It gives me a real kick in the butt! When I'm house cleaning or baking I listen to the archives of his show online. There are too many comercials that go on forever! All in all he has a great message and we are working through baby step two. I wish I could budget for Financial Peace University but I just can't right now. I feel like there is more than enough info in his books to do the program. Beans and rice, rice and beans........my hubby hates that......he's a meat eater!!!!!!!!

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    Registered User Buckeye5's Avatar
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    I like listening to his shows. We don't do everything he suggests, but it is food for thought, so to speak. We are still in DH's 401K. I didn't sell my Buick Rendevous either. Overall I do like his concepts, and if I had known about him awhile back and his teachings my life and my financial decisons would have been better.

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    Registered User nodmicks's Avatar
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    Oh thats another thing we didn't do either was sell the two cars when we had loans on them.

  11. #10
    Registered User tlenad's Avatar
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    Another that likes most of his ideas and philosophy but there are certain ideas he has that I do not follow. Imparticularly putting off retirement saving, it makes no sense at all to stop all retirement contributions especially if you are getting a company match. I don't know maybe it's because my Grandparents were so poor, but at any age it is more important to put aside a bit of money for retirement than it is to pay down debt.

    I also refuse to drive around in a clunker. I am keeping my car (another driver of a Buick Renedevous here). I'll have it paid for in August of next year and like the security of having a car that is reliable. I've had clunkers before and it always stressed me out not being able to rely on my car to get me from point a to point b. That being said, if I had it to do over again I probably wouldn't have bought the car, but I'm will to pay whatever stupid tax I have to now.

    I also debt back and forth about my student loans. They are at a very low interest rate (2.885%), I refinanced when they were low and I don't own my own home yet. I haven't quite decided whether I will pay them off before or after I begin saving for a down payment on a house or not. I'll cross that bring when I come to it though as I'm a few years off from having to make that decision.

    And getting a part time job may work in some cases and quit frankly I could if I wanted to give up all my spare time. But I feel it is more important to try and lead a balanced life while trying to pay down my debt. And rushing around after work to get to another job doesn't appeal to me at all. That being said, this is another point, I debate back and forth on. I'll re-evaluate in a couple of months and decide then if I'm making enough progress with the plan.

    But other than that, I like the idea of putting aside a bit of money for emergencies then focusing on paying down as much debt as possible. And I think the most important thing about this plan is that it makes you think about the way you spend money and the ideas you have about it. For instance, I just asumed I would always have a car payment and I've heard my parents say that more than once. It's nice to actually have that old thought proven wrong.

  12. #11
    Registered User emily_hope's Avatar
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    I have just met Dave, so I don't have an opinion yet. When I discovered we were going to do the book group, I ordered the book from Amazon.com. I have just opened it up and begun to read. I am eager to hear everyone elses opinions.

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    I have been following the Dave Ramsey plan for a few months. It has really made a big difference in my life. I am trying to follow the plan as closely as I can. I really believe if his plan is followed that you will gain financial independence.

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    Registered User sunshine's Avatar
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    I LOVE, LOVE, LOVE Dave!

    After we read "Financial Peace" dh and I started our journey to get out of debt. We've tried the mix/match philosophy, tried doing it our way. . . all to no avail. When we follow his principles and baby steps, we see results.

    We have a long way to go, as we started out with monstrous sized debt-- but we're seeing progress.

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    I have recently started following DR. We are using most of his plan but like others have said
    1. We didn't stop retirement
    2. We have long commutes so we need good cars
    3. When I started BS 2 we paid a chunk to a high interest card. We are now paying the smallest and hope to have our first card paid off mid Sept.

    Overall I think he is very inspirational. I really like his show.

    L Rose

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    Registered User happymommy's Avatar
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    I have been really motivated by reading and listening to Dave Ramsey. I think most of his advice is common sense. I remember when I learned of Amy D many years back she was the one that motivated me and introduced me to the meaning of frugal.
    We have made tons of STUPID mistakes but I believe without being inspired we wouldn't of turned our goals around and kept on spending and charging away.
    CC FREE and very Happy.

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