cancel
Showing results for 
Search instead for 
Did you mean: 

Dave Ramsey

Member

Dave Ramsey

Have any of you heard of or listened to the speaker Dave Ramsey or his Financial Peace University series?  What do you all think?  Quite frankly, I'm at my witts end with CC's and want a life without debt... debt to anyone except a mortgage payment for a while?

 

Thanksall

Message 1 of 19
18 REPLIES
Super Contributor

Re: Dave Ramsey

I like Dave for the most part but I disagree with him on auto loans and the use of credit cards if you PIF.  His program has helped people get out of debt using the Debt Snowball concept where you make minimum payments on all CCs except for the one with the smallest balance and then attack it till its PIF and then repeat to the next smallest and so on.  I owuld view his program like AA or Weight Watchers in that churchs and schools host his FPU course in a group setting..

 

I used a DMP program to cure my CC addiction which also uses the Debt Snowball approach.

 

You may like his group approach or go it alone like I did.  I dont know what I would have done if I knew about Dave prior to using a DMP.  The DMP worked for me and I know people at work who are taking FPU.

10/17/2017 FICO: EQ 829 TU 830 EX 826
Message 2 of 19
Contributor

Re: Dave Ramsey

Marty, what is DMP?

 

I love Dave for some stuff - other stuff, not so much.

His get out of debt is great. The snowball is wonderful.

 

His investment advice / political views / religious views, he can keep to himself.

Message 3 of 19
Frequent Contributor

Re: Dave Ramsey


pjohnston2 wrote:

Marty, what is DMP?


DMP = Debt Management Program

It's one of the acronyms in the the Guide to Common Abbreviations



06/30/2017 - EX 807 (Credit Scorecard EX FICO® Score 8, range 300-850)
07/20/2017 - TU 819 (Discover TU FICO® Score 8, range 300-850)
07/25/2017 - EQ 842 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 12/13/2015
Message 4 of 19
Established Contributor

Re: Dave Ramsey

I think he means Debt Management Program. 

 

 

____________________________________________________

"Evacuate, in our moment of triumph? I think you overestimate their chances."
Message 5 of 19
Established Contributor

Re: Dave Ramsey


brother7 wrote:

pjohnston2 wrote:

Marty, what is DMP?


DMP = Debt Management Program

It's one of the acronyms in the the Guide to Common Abbreviations


 

LOL great minds think alike!
____________________________________________________

"Evacuate, in our moment of triumph? I think you overestimate their chances."
Message 6 of 19
Member

Re: Dave Ramsey

When you mention the DMP.  where are you finding rescources for this?  Is this a program or speaker like Dave Ramsey?  Or is the throught the cc's

 

Message 7 of 19
Super Contributor

Re: Dave Ramsey

Insert standard MV rant on DR's financial incompetence in certain areas   Smiley Very Happy
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 8 of 19
Moderator Emerita

Re: Dave Ramsey


MidnightVoice wrote:

Insert standard MV rant on DR's financial incompetence in certain areas   Smiley Very Happy
Smiley Very Happy

Yes, we know, we know.

My modified DR rant: Some people are so determinedly in denial that they might well need DR's shock therapy. They might in fact need to swear off credit forever.

Many others just need to get real about what got them where they are, and what it will take to get them back to a healthy state.

It's like people and booze: some need to go the straight AA route and never drink again. Others need to go the temperance route, stopping drinking to the point of wearing a lampshade and singing "My Way," but they can still handle a glass of wine with dinner. It's going to vary by the individual.

His tactics can be useful; his overall presentation of credit is decidedly skewed and incorrect.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 9 of 19
Senior Contributor

Re: Dave Ramsey


haulingthescoreup wrote:

MidnightVoice wrote:

Insert standard MV rant on DR's financial incompetence in certain areas   Smiley Very Happy
Smiley Very Happy

Yes, we know, we know.

My modified DR rant: Some people are so determinedly in denial that they might well need DR's shock therapy. They might in fact need to swear off credit forever.

Many others just need to get real about what got them where they are, and what it will take to get them back to a healthy state.

It's like people and booze: some need to go the straight AA route and never drink again. Others need to go the temperance route, stopping drinking to the point of wearing a lampshade and singing "My Way," but they can still handle a glass of wine with dinner. It's going to vary by the individual.

His tactics can be useful; his overall presentation of credit is decidedly skewed and incorrect.

 

I'd like to hear DR, John Cummuta, Liz Pulliam Weston, MP "do as I say, not as I do" Dunleavey*, and Suze Orman have a debate about their respective philosophies.  Each of them says many things with which I agree, and some things I don't.  Many of the people they advise on the air seem very deep in denial about their situations and the need to make some hard choices.

 

 *see http://www.bostongals.com/search?q=MP for some comments on MP.  She seems a likeable person, and she is refreshingly open about her own situation (unlike most personal finance writers I know exactly where she stands right now), but sometimes I do find myself muttering, "don't do THAT, Mia!"  Note: I know the M is for Mia but I dunno what the P stands for.

 

 

 

 

 

Message Edited by MattH on 03-16-2009 08:40 PM
TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
If you dunno what tanstaafl means you must Google it
Message 10 of 19