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Dave Ramsey

r/DaveRamsey

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Posted by6 hours ago

What has happened to Dave Ramsey's show?

Is it just me or has he really been going into far-right rants and old man grumbling? He's really alienating some people who just want financial advice. That coupled with lackluster "personalities" the show has gotten unlistenable. Does anyone else agree?

163 comments

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Posted by13 hours ago

So, I went with a suggested realtor network from the show

I honestly don’t recall the actual name but it’s a bunch of vetted realtors he suggests

Now, 1.5 years later I am STILL getting texts from one of them These texts keep coming even after I’ve told them, many times, I’ve changed my mind and am no longer searching for a hime in his area

They come in about every other month but are steady He changes the actual texts and the latest one is asking for confirmation I received an email

It’s beginning to feel like harassment

33 comments

Posted by22 hours ago

Debt

Dave, My wife and I have been continuing your plan for the last 2 years- with some hiccups along the way. $327,000 down to $279,000, all now student loan debt. mortgage of $170,000 that we’ve paid down from $190,000 in 4 years. We make 200,000 year before taxes.

I have a life insurance policy that my parents had in place that has grown to $23000.00 of surrendered value that we’ve taken over monthly payments. Should this be used against our debt or continue to accrue until 65 yrs of age? I’ve heard on your shows advising to slow down retirement account funding to put money towards debt but wasn’t sure about life insurance. Also, what are your thoughts on life insurance policy’s for newborns, and if this is something that would be considered a budget cut? Our daughter is 9 months old and were curious if life insurance is important enough to have in our budget?

10 comments

Posted by3 hours ago

BS1

To those of you with an expensive smartphone - would you use your emergency fund to replace it?

I assume this is everyone here- it occurred to me that my whole life is on this thing - not necessarily data, as that’s all backed up, but I use it for work, learning, entertainment, content creation, note-taking, photography, music, calendars, and the oodles of other apps. I would be pretty lost without it. I very much think that, if I didn’t have insurance on it, I wouldn’t hesitate to drop $1200 on a new one if something were to happen. Has Dave ever talked about this?

43 comments

Posted by5 hours ago

Realistically how quick could you pay off 175k in student loans?

What would be some people’s thoughts and strategies to pay off 175k in debt. I have a salary of 61k a year (about $3800 a month) Bonus could be anywhere from an extra 2k to 10k a year. With OT I can bring home closer to $4400 a month. Living expense total about $1400 a month.

Is throwing 2k a month at the debt feasible?

9 comments

Posted by6 hours ago

Ugh, I don’t know where to start.

Excluding my mortgage I’m ~50k in the hole. Where do I start? Not sure what my next move should be. Suggestions/tips/advice? What information do I need to give out so someone can help me with a plan. I love hearing the debt free screams, but they are always (when I can listen) to married couples bringing in 2-3x more than I do. It’s kinda discouraging.

20 comments

About Community

If you're following Dave Ramsey's Baby Steps or just want to gain a better understanding of the Total Money Makeover, Financial Peace, and personal finance in general, then this is the community for you!

Created Jun 26, 2008

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About Our Community

This subreddit is dedicated to helping people get out of debt and live with financial peace by using the simple principles taught by Dave Ramsey. Some of us are die-hard DR fans and others are not. We all agree on one thing though: Debt is dumb. Cash is king.

Check out our Wiki - there's lots of great information, advice, and FAQs that will help you get started!

The Baby Steps

BS1: Save $1000 as fast as possible!

BS2: Pay off debts from smallest to largest using the debt snowball method.

BS3: Grow your $1000 savings into 3-6 months of living expenses (fully-funded emergency fund)

BS4: Invest 15% of your gross income into retirement

BS5: Save for your childrens' college

BS6: Pay off your mortgage early

BS7: Build wealth and give!

Budgeting Resources

EveryDollar.com - the official Dave Ramsey budgeting tool. It's free (unless you want bank integration). Aligns with the Baby Steps completely and very easy to use.
YNAB (You Need A Budget) - fantastic tool for budgeting. They have a new version that is 100% web-based now. V4 is still supported and is a desktop version.
PersonalCapital.com - not a budgeting tool per se but a good tool to help visualize your net worth. Also free to use.

FPU

FPU stands for Financial Peace University. A 9-week in-person or online course that comprises of videos and group discussions. It's a phenomenal program and highly recommended by all us here if you are serious about getting out of debt and learning more about the Baby Steps.

Classes are held all year long all over the US. For a list go here to see what is near your neck of the woods.

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