Dave Ramsey and his Financial Peace University: I had never heard of him until some of my would-be clients started coming in and refuting advice I was giving them with "But Dave Ramsey said . . ."
He has a call-in radio show about getting out and staying out of debt. I started listening to the guy and he gives a lot of good advice on staying out of bankruptcy in the first place and building personal wealth.
But when it comes to bankrupcy, I don't think he's ever seen cirmustances dire enough that he believes bankruptcy to be the best solution. He tells his callers to negotiate their debt down, to eat rice and beans / beans and rice, sell everything but the kids and apply it to debt, sell the house and move in with mom &c.
A lot of his philosophy is that if people are made to really FEEEEEL the pain of their bad financial decisions -- something they avoid or lessen by filing bankruptcy -- then they won't make the same mistakes again. That's good as far as it goes, but I've seen too many people at bankruptcy's door because of circumstances beyond their control.
Any D.R. fans / haters here?
He has a call-in radio show about getting out and staying out of debt. I started listening to the guy and he gives a lot of good advice on staying out of bankruptcy in the first place and building personal wealth.
But when it comes to bankrupcy, I don't think he's ever seen cirmustances dire enough that he believes bankruptcy to be the best solution. He tells his callers to negotiate their debt down, to eat rice and beans / beans and rice, sell everything but the kids and apply it to debt, sell the house and move in with mom &c.
A lot of his philosophy is that if people are made to really FEEEEEL the pain of their bad financial decisions -- something they avoid or lessen by filing bankruptcy -- then they won't make the same mistakes again. That's good as far as it goes, but I've seen too many people at bankruptcy's door because of circumstances beyond their control.
Any D.R. fans / haters here?
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