Dave Ramsey

[stinkynuts]

I can't stand this asshole.

He had financiial prolblems himself when he was younger, and now that he's doing well, he treats his listeners like shit. He's so condescending, making rude remarks about thier education (as if the ONLY worthwhile degrees are ones that make money such as medicine and law). People make bad choices sometimes, that's why they're callling for help. No one is perfect, why not educate them without belittling them?

Not only that, his advice is often DEAD wrong. Like he told a young guy not to move into his parents house to save money even though he had financial difficulties.

exampe:
https://www.youtube.com/watch?v=cvJIDjoYOpw

I HATE people like this. People who aren't perfect, but look down on others and are so condescending and arrogant. They think they are better than others just beecause they got lucky or have a few skills.

I took my car to a mechanic a few years ago, and wanted to know what the check engine light was on for. The mechanic tretted me like shit, saying "Your car has 200,000 km on it". (As if to say that because my car has so many miles, what do you expect?). He wouldn't even look at it.

 

[explorerzip]

I think you linked the wrong video because it has nothing to do with a young guy moving into his parents house. I didn't find this particular link condescending, but I am sure there are out there. I have seen a few Ramsey's videos and he does quote scripture as a basis for financial advice because he's an Evangelical of course.

Another guy who you maybe familiar with that is definitely condescending to people and their education is Robert Kiyosaki of Rich Dad Poor Dad fame. He also declared bankruptcy in the recent past. https://www.cbsnews.com/news/rich-dad-poor-dads-bankrupt-company/

One particularly scammy thing that Kiyosaki is known for is running these so-called free seminars that are nothing more than sales pitches for much more expensive seminars.

The thing is both Ramsey and Kiyosaki are not wrong about people's education or financial choices because they often spend too much and end up on a never-ending debt treadmill.

 

[onthebottom]

I think you have self confidence issues....

 

[stinkynuts]

I think you linked the wrong video because it has nothing to do with a young guy moving into his parents house. I didn't find this particular link condescending, but I am sure there are out there. I have seen a few Ramsey's videos and he does quote scripture as a basis for financial advice because he's an Evangelical of course.

Another guy who you maybe familiar with that is definitely condescending to people and their education is Robert Kiyosaki of Rich Dad Poor Dad fame. He also declared bankruptcy in the recent past. https://www.cbsnews.com/news/rich-dad-poor-dads-bankrupt-company/

One particularly scammy thing that Kiyosaki is known for is running these so-called free seminars that are nothing more than sales pitches for much more expensive seminars.

The thing is both Ramsey and Kiyosaki are not wrong about people's education or financial choices because they often spend too much and end up on a never-ending debt treadmill.

Wow, didn't know that Kiyosaki was also like that, even worse.

The link was worng, here it is:
https://www.youtube.com/watch?v=HTJ53jFKF6g

It turns out that the caller, in the comments section, said he didn't think Ramsey's advice was correct, and ignored it.

 

[stinkynuts]

I think you have self confidence issues....

No, I just hate it when people are disrespectful. I am sensitive to this, but don't think it's lack of confidence. Just something about treating others like crap really irks me. It bothers me even if it's not done to me.

 

[explorerzip]

Wow, didn't know that Kiyosaki was also like that, even worse.

The link was worng, here it is:
https://www.youtube.com/watch?v=HTJ53jFKF6g

It turns out that the caller, in the comments section, said he didn't think Ramsey's advice was correct, and ignored it.

Kiyosaki's core lessons are good, but he does have seem to have a scam artist mentality particularly with his courses that I talked about earlier. He's good friends with someone we all know very well and his Twitter feed reflects that: https://twitter.com/theRealKiyosaki

I also didn't find Ramsey's tone in this video condescending or disrespectful. At 2:22 he does joke that parents should boot their kids out at 23 years old for particular reasons, but the caller expected that response and wasn't offended by it. I'm not sure where you got the idea that the young man is having financial difficulties. He said that he is completely out of debt making $40K at 23 years old. That could be good or bad, but it depends on his entire financial picture including his current and future job prospects, industry, city of residence, cost of living, family plans, etc. etc. You're not going to get a very detailed analysis in a few minute call-in segment. That doesn't make Ramsey's advise wrong or right.

There are no wrong or right answers to having adult kids living with their parents. It just depends on a whole bunch of issues and not just financial ones that Ramsey mentioned. You can have lazy ass adults living at home, but you can also have lazy ass adults living on their own. I do agree with Ramsey in that there comes a time when people should figure out how to live on their own. It's just like everything else in life. There might also be job opportunities in other cities where it could make sense to move out and rent. I do think there is value in learning to live without the "safety net" of your parents and figure things out on your own.

Life can certainly appear tougher now versus previous generations, but I think that's more of an excuse. The economy, housing market, etc. are very different than pervious generations, but that also comes with a lot of advantages too. This generation has near limitless access to information and opportunities that previous generations did not have. Previous generations had to figure out how to do things without computers, credit cards, cell phones, and most importantly internet. You just need to Google if you want to learn anything these days. If for some reason you can't find it on Google then just create a blog, web-site or YouTube channel. That can turn into a money making venture if you're good at it.

 

[canada-man]

Rich Dad, Poor Dad's bankrupt company

By Allan Roth

January 19, 2013 / 7:06 PM / MoneyWatch

(MoneyWatch) Robert Kiyosaki, author of the bestselling Rich Dad, Poor Dad series of financial advice books, took one of his companies into bankruptcy according to multiple news reports. The New York Post reported that Rich Global LLC, one of the corporate arms Kiyosaki has done business under, filed for bankruptcy protection in August. A court had ordered the company to pay just under $24 million to the Learning Annex and its chairman Bill Zanker.

According to AZCentral.com, the Rich Global-Learning Annex relationship dated to 2001, when Kiyosaki became a featured speaker at Learning Annex expositions. Four years later, the companies agreed to "develop and conduct the free seminar business with follow up fee-based courses," according to court papers. That relationship generated sales of $438 million, of which Rich Global got nearly $45 million in royalties, court documents said, but the court agreed with Learning Annex that Rich Global had not paid the required percentage of profits.


https://www.cbsnews.com/news/rich-dad-poor-dads-bankrupt-company/

 

[stinkynuts]

Kiyosaki's core lessons are good, but he does have seem to have a scam artist mentality particularly with his courses that I talked about earlier. He's good friends with someone we all know very well and his Twitter feed reflects that: https://twitter.com/theRealKiyosaki

I also didn't find Ramsey's tone in this video condescending or disrespectful. At 2:22 he does joke that parents should boot their kids out at 23 years old for particular reasons, but the caller expected that response and wasn't offended by it. I'm not sure where you got the idea that the young man is having financial difficulties. He said that he is completely out of debt making $40K at 23 years old. That could be good or bad, but it depends on his entire financial picture including his current and future job prospects, industry, city of residence, cost of living, family plans, etc. etc. You're not going to get a very detailed analysis in a few minute call-in segment. That doesn't make Ramsey's advise wrong or right.

There are no wrong or right answers to having adult kids living with their parents. It just depends on a whole bunch of issues and not just financial ones that Ramsey mentioned. You can have lazy ass adults living at home, but you can also have lazy ass adults living on their own. I do agree with Ramsey in that there comes a time when people should figure out how to live on their own. It's just like everything else in life. There might also be job opportunities in other cities where it could make sense to move out and rent. I do think there is value in learning to live without the "safety net" of your parents and figure things out on your own.

Life can certainly appear tougher now versus previous generations, but I think that's more of an excuse. The economy, housing market, etc. are very different than pervious generations, but that also comes with a lot of advantages too. This generation has near limitless access to information and opportunities that previous generations did not have. Previous generations had to figure out how to do things without computers, credit cards, cell phones, and most importantly internet. You just need to Google if you want to learn anything these days. If for some reason you can't find it on Google then just create a blog, web-site or YouTube channel. That can turn into a money making venture if you're good at it.

Maybe not the clip about the guy who wants to live with his parents, but check out the original link in the first message. He is very condescending, and this is a pattern I'm seeing with many of his callers.

I didn't remember the details of the call, but I guess the guy was doing financially okay, but still dissuading someone from saving money is never a good idea.

 

[stinkynuts]

Just did a google search to see if anyone thought the same:

https://ninjabudgeter.com/stopped-following-dave-ramsay/

He’s rude to his listeners
This is my main point of criticism, he’s just not very nice.
I wouldn’t call into the Dave Ramsey show. Why? Because I just can’t stand the way he speaks to people. At times, he speaks to his listeners with shocking disrespect, telling them that their financial decisions are ‘dumb’ or ‘stupid,’ sometimes adding a touch of something that resembles empathy by saying things like ‘I’ve done stupid myself.’
There are certain things that seem to set him off. Car loans, lending money to family and a few others, and I just can’t stand to listen to the way he speaks to his listeners.
Frankly, I find the tone of his entire show to be condescending and rude, and I’m not the only one. Some compassion shows through with certain callers, but the tone of the show for the most part is acerbic and to me, he often sounds angry. His reputation for helping folks get out of debt and put their financial lives on track is undermined by the way in which he speaks to callers on his show.
Add to that regular long-winded political tirades where he disparages former president Obama (I haven’t listened since Donald Trump took office), congress, and anything democrat. Political conversations are of course, important, but I fail to see how this ongoing theme adds anything to a show where listeners are calling in for help with major personal finance issues.
But of course, that’s just me ��

 

[explorerzip]

Maybe not the clip about the guy who wants to live with his parents, but check out the original link in the first message. He is very condescending, and this is a pattern I'm seeing with many of his callers.

I didn't remember the details of the call, but I guess the guy was doing financially okay, but still dissuading someone from saving money is never a good idea.

Maybe he is condescending, maybe not. How does that make his advice dead wrong or dead right? You can always learn something from other people even if you don't like how they present themselves. A wise person can filter out the noise to gain knowledge. Again, it depends on what you do with that advice and your particular circumstances. The caller in your initial link could not answer a basic question like what her typical household income is and did not think she was in debt despite having multiple car loans and HELOCs. You cannot make educated financial decisions if you don't know these simple facts.

Generally, people do have some bad money habits or beliefs so you do have to sometimes speak to them in a cold manner so they understand.

 

[Samranchoi]

No, I just hate it when people are disrespectful. I am sensitive to this, but don't think it's lack of confidence. Just something about treating others like crap really irks me. It bothers me even if it's not done to me.

Sounds a lot like those who post here. But the biggest difference is the anonymity here

 

[stinkynuts]

Sounds a lot like those who post here. But the biggest difference is the anonymity here

agreed.