Who is Dave Ramsey and why some people seem to dislike him?

[Mom2aphysicsgeek]

@cshell2

@MomofJandL

@cshell2, most people drowning in debt do not have above average impulse control, that’s why they need the needling Ramsey provides.

(and no, not all debt is a result of poor impulse control. There is some medical debt and some people just seem to be snake bit. But poor math skills and impulse control are the major contributors.)

Society as a whole loves shoving the consume and borrow mentality down everyone’s throats. When I first started in college the credit card companies were there handing out gifts to apply, student loans were “good debt”, even my own parents encouraged getting as much house as I could afford because it was an “investment” (ROFL at that one in hindsight). I find his viewpoint refreshing and I’m doing much better now with the mind change. It didn’t have anything to do with math.

My engineering ds would laugh at the suggestion that he likes Ramsey bc he lacks math skills or impulse control. He was also raised in a household that avoids overspending and debt.

For my ds and dil, he provides encouragement to go against the mentality that surrounds them in their friend groups and society in general. We live in a disposable society which embraces the shiny and new. Want something? Buy it on credit so you can have it now. Saving up for a new car or fridge or trip or whatever and paying for it in cash bc you can afford it without question is not the norm.

Just reading CC is evident of the different POV. Taking out loans now for an expected ROI is why there is a college loan crisis. Does Ramsey take it too far? I don’t really know bc I don’t listen. But I do hear my adult children and their friends and our extended family’s young adults talk, and their friends and our relatives are all about having e everything now. They have no real concept of minimalism and saving now in order to have a higher standard of living in the future built on capital vs debt.