The official Dave Ramsey thread

[jw7]

I haven't read Dave Ramsey, but it sounds like his advice is the same way I think.

I haven't carried a credit card balance since I got my 1st card. The main reason being, I think of consumer interest as a fixed income investment in reverse. For example, if you are carrying debt on a credit card or car loan at 8%, paying it down is the same as investing in a risk-free 10% investment (since interest income is taxable) I'd love to find a risk-free 10% but 2-3% is the norm for short term.

The only thing I disagree with is having zero credit cards. For me it is impractical b/c for business travel you really need it for hotels and charging business expenses. Second, so long as you pay the balance off every month, you are getting a 30-day interest free loan and ripping off your credit card company. Third, since I use discover, I get 2% back every year on purchases, even on reimbursed business expenses. Will be a free $300 this year.

 

[Dback Jon]

I mean, when are you coming to Phoenix? Love to take you bar hopping, if you're interested.

Not sure when next trip to Phx will be, but will let ya know!

 

[Ryanwb]

I have credit cards for emergency purposes....

For example, a few years ago my check book got stolen and some idiots went out and wiped out my checking account and overdrew it by thousands of dollars. Bank One (who is EVIL and I will never associate with again) didn't start getting money back into my account for like 2 weeks. My pay checks would go into that account and be basically obliterated because the account was in the negative. It was a nightmare....

If I didn't have a credit card, we wouldn't have been able to eat, or anything like that. Also, if I do put something on my credit card, I will just pay it off the same month. So I wouldn't go cutting up those little plastic lifesavers.... keep atleast one with you.

 

[FischerKing]

i've had someone get in my account and charge a bunch of stuff before when my wallet was stolen several years back.

since then - i keep all our emergency fund money totally separate in another bank account not connected to any of my other accounts. the only way to access the funds is electronically via the internet or with my card which is locked away at home.

shawn

 

[Brian in Mesa]

Dave Ramsey will be a regular columnist for Quick & Simple, a new weekly women's magazine from the publishers of Good Housekeeping, when it hits newsstands beginning August 2. The magazine will cover real women and what's important to them, including home, family, food, health, nutrition, fitness, finance, fashion and beauty.

 

[marathon_mom]

I bought the Dave Ramsey series with my Visa!

No ya didn't. He doesn't allow it.

 

[Dback Jon]

No ya didn't. He doesn't allow it.

Sure he does -- at his store..

 

[marathon_mom]

Sure he does -- at his store..

 

[Dback Jon]

 

[Ryanwb]

Quick & Simple

I just want to address the rumor that this magazine was originally a media guide to Assface's sex life. So let's just let these rumors die people!!

 

[Assface]

I just want to address the rumor that this magazine was originally a media guide to Assface's sex life. So let's just let these rumors die people!!

Why you little ball of hate...I oughta....

 

[marathon_mom]

I just want to address the rumor that this magazine was originally a media guide to Assface's sex life. So let's just let these rumors die people!!

 

[Mike Olbinski]

Attention Phoenix Listeners!!!!

We are pleased to announce that The Dave Ramsey Show is BACK on the air in Phoenix!!!!!! You can now find us on KXAM AM 1310 from 1-4pm mst M-F. Tune in!!!

If you are a business owner in the area and would like more information on becoming a sponsor of The Dave Ramsey Show on KXAM, please contact Don Sandler at KXAM- (480)423-1310! We are very excited about working with the KXAM radio team and would love to give you the opportunity to work with them too!

-The Dave Ramsey Show
www.daveramsey.com
888-22-PEACE (888-227-3223)

 

[MikeOnTheMic]

Attention Phoenix Listeners!!!!

We are pleased to announce that The Dave Ramsey Show is BACK on the air in Phoenix!!!!!! You can now find us on KXAM AM 1310 from 1-4pm mst M-F. Tune in!!!

If you are a business owner in the area and would like more information on becoming a sponsor of The Dave Ramsey Show on KXAM, please contact Don Sandler at KXAM- (480)423-1310! We are very excited about working with the KXAM radio team and would love to give you the opportunity to work with them too!

-The Dave Ramsey Show
www.daveramsey.com
888-22-PEACE (888-227-3223)

This is good news for sure!

However, with his live streaming, archived shows, and podcasting you didn't have to miss a beat while 1190 was off the air.

 

[FischerKing]

Attention Phoenix Listeners!!!!

We are pleased to announce that The Dave Ramsey Show is BACK on the air in Phoenix!!!!!! You can now find us on KXAM AM 1310 from 1-4pm mst M-F. Tune in!!!

If you are a business owner in the area and would like more information on becoming a sponsor of The Dave Ramsey Show on KXAM, please contact Don Sandler at KXAM- (480)423-1310! We are very excited about working with the KXAM radio team and would love to give you the opportunity to work with them too!

-The Dave Ramsey Show
www.daveramsey.com
888-22-PEACE (888-227-3223)

this is a "woo hoo" from copenhagen denmark!!!

that's awesome - glad he's back on the air!

shawn

 

[justAndy]

no love for the Clark Howard show?

 

[Ryanwb]

no love for the Clark Howard show?

That guy's a nerd

 

[justAndy]

That guy's a nerd

that's beside the point - he's got a lot of good info...
Nerds rule, anyway...

 

[SouthNZoneFan]

I went to one a few years back and learned a lot... I did not know that he was off of the air in Phoenix...

Crazy!

 

[FischerKing]

I went to one a few years back and learned a lot... I did not know that he was off of the air in Phoenix...

Crazy!

the entire station went off the air in phoenix - i think he was looking for a new affiliate.

shawn

 

[Brian in Mesa]

Great to be able to listen to the show at work again.

We've been burning the shows to cd, but won't have to as often now.

 

[SouthNZoneFan]

Great to be able to listen to the show at work again.

We've been burning the shows to cd, but won't have to as often now.

I hope that you have his expressed written consent...

 

[Brian in Mesa]

I hope that you have his expressed written consent...

We're getting them directly from his site, so I'd say we do.

 

[Brian in Mesa]

Tuesday, Sept. 13th - Dave will be on Oprah.

Hopefully he doesn't jump up and down on her couch.

 

[Brian in Mesa]

Okay - we woke Murphy up.

We're going to be debt free except our house by February, so lately we've had a plumbing leak at our house, a rock hit and chipped our windshield (a patch should fix it), and we had a flat tire (tire needs to be replaced too).

Thankfully it's no big deal since we have an emergency fund in place for these types of things.

Just a few months ago we would have used a credit card to pay for the repairs.