Poll

What baby step are you up to?

$1,000 Rainy day fund
Pay off all debt using the debt snowball
3 to 6 months of expenses in savings
Invest 15% of household income into Roth IRAs and pre-tax retirement (401k Etc.)
College /Simcha fund for children
Pay off home early (prepay mortgage)
Build wealth and give!

Author Topic: Dave Ramsey Plan  (Read 31476 times)

Offline CountValentine

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Re: Dave Ramsey Plan
« Reply #560 on: November 25, 2020, 12:20:08 AM »
Compared to sp500
TSLA blew your FA out of the water.
The point is yes there will be a FA that outperforms here and there, just like individual stocks. But overall they won't.
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline yesitsme

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Re: Dave Ramsey Plan
« Reply #561 on: November 26, 2020, 12:10:19 AM »
« Last Edit: November 26, 2020, 12:15:52 AM by yesitsme »

Offline zh cohen

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Re: Dave Ramsey Plan
« Reply #562 on: November 26, 2020, 12:38:55 PM »
I would just store it in a S&P 500 fund.

Dave often recommends this for certain situations.

Offline Mordyk

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Re: Dave Ramsey Plan
« Reply #563 on: November 26, 2020, 12:46:43 PM »
#TYH

Offline good sam

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Re: Dave Ramsey Plan
« Reply #564 on: November 26, 2020, 10:10:32 PM »
Whenever I turn on the radio to the Dave Ramsey opening I'm expecting to hear "Now introducing, for the very first time..."
If you don't care why would you comment?
HT: DMYD

Offline yesitsme

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Re: Dave Ramsey Plan
« Reply #565 on: December 03, 2020, 12:45:42 AM »
how is this an alternative?
financial coaching
FC@RSK.ORG

Offline R.A.T.

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Re: Dave Ramsey Plan
« Reply #566 on: December 14, 2020, 12:38:25 PM »
Thoughts?

Offline Kobe Bryant

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Re: Dave Ramsey Plan
« Reply #567 on: December 20, 2020, 10:24:18 AM »
 ďDonít buy things you canít afford, with money you donít have, to impress people you donít like.Ē - DR

Offline ExGingi

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Re: Dave Ramsey Plan
« Reply #568 on: December 20, 2020, 01:33:27 PM »
ďDonít buy things you canít afford, with money you donít have, to impress people you donít like.Ē - DR

That can (and probably should) be broken up into three distinct statements, every one of them can stand on its own merits.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline Kobe Bryant

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Re: Dave Ramsey Plan
« Reply #569 on: December 22, 2020, 08:28:59 AM »
ďtypical millionaire lives in a middle-class home, drives a two-year-old or older paid-for car, and buys blue jeans at Wal-Mart.ď DR

Offline Kobe Bryant

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Re: Dave Ramsey Plan
« Reply #570 on: February 17, 2021, 06:34:39 PM »

Offline Kobe Bryant

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Re: Dave Ramsey Plan
« Reply #571 on: February 18, 2021, 08:54:06 PM »
According to bankrate.com fewer than 4 in 10 Americans are on Baby Step #1

https://www.bankrate.com/banking/savings/financial-security-january-2021/

Offline Lurker

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Re: Dave Ramsey Plan
« Reply #572 on: February 18, 2021, 08:56:03 PM »
According to bankrate.com fewer than 4 in 10 Americans are on Baby Step #1

https://www.bankrate.com/banking/savings/financial-security-january-2021/

3 of the remaining 6 are holding fractions of GME and Dogecoin.
Failing at maintaining Lurker status.

Offline Mordyk

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Re: Dave Ramsey Plan
« Reply #573 on: February 18, 2021, 08:57:27 PM »
According to bankrate.com fewer than 4 in 10 Americans are on Baby Step #1

https://www.bankrate.com/banking/savings/financial-security-january-2021/
That's exactly why it's baby step 1.  Dave gives the example of not being able to fix your car therefore not being able to get to work...
#TYH

Offline Kobe Bryant

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Re: Dave Ramsey Plan
« Reply #574 on: March 15, 2021, 08:59:00 AM »

Offline zh cohen

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Re: Dave Ramsey Plan
« Reply #575 on: May 08, 2021, 11:39:25 PM »
Mishpacha magazine had new diary serial called "Baby steps"

Week 1 - https://mishpacha.com/baby-steps-chatper-1/
Week 2 - https://mishpacha.com/baby-steps-part-2-of-10/

Offline Mordyk

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Re: Dave Ramsey Plan
« Reply #576 on: May 09, 2021, 01:06:56 AM »
Mishpacha magazine had new diary serial called "Baby steps"

Week 1 - https://mishpacha.com/baby-steps-chatper-1/
Week 2 - https://mishpacha.com/baby-steps-part-2-of-10/
Are they at least giving credit to DR?
#TYH

Online Euclid

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Re: Dave Ramsey Plan
« Reply #577 on: May 09, 2021, 01:13:35 AM »
Are they at least giving credit to DR?
Did you read it?

Offline Mordyk

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Re: Dave Ramsey Plan
« Reply #578 on: May 09, 2021, 02:57:42 AM »
Did you read it?
Now I did. And I see they did. 
#TYH

Offline AussieMan

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Re: Dave Ramsey Plan
« Reply #579 on: May 09, 2021, 07:02:11 AM »
I find it quite amusing that this thread is not in the finance section of DDF