Ironically, military service is a great step up for many people. The benefits of a stable income, career training, personal maturation and discipline are invaluable in making a person more able to compete in today's society.
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So, Dave Ramsey....on car buying....
- Thread starter MC BumSlap
- Start date
wazzuFreddo
WuTang is 4 the children
2 years of military service would have been incongruent with my career goals.
Yakoo752
USN
Not if everyone had to do it
mean dad
verum super omnia
If everyone had herpes, it'd be like no one had herpes.
I agree. I'd add that (IMO) compulsory service would also have the benefit of helping the nation as a whole be more understanding of the sacrifices that our military makes on our behalf. We might even get in less wars! Maybe :|
wazzuFreddo
WuTang is 4 the children
Eldritch
is insensitive
Not necessarily. One would have to assume that if we were going to expand our active military personnel by a few million, one would need to get the more involved in infrastructure projects and the like. Army Corps of Engineers would probably be tripled in size, etc. Might have been a fast track instead.
Killroy1999
Well-known member
Dave said $1 Million net, so Assets (like homes and cash) - liabilities (debt, mortgage).
Note that we all need more than this to retire in the US.
Mint.com is a nice way to track your net worth, but the way. When I am feeling depressed, I look at my Mint.com.
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lefty
Well-known member
Call me Crazy, but I get a Chubby whenever I see the Subaru Outback's. I have always been a fan of 'sporty' wagons. I spent a boatload on my Mustang, and I could NEVER recoup the $$ I paid, but I still drool over the Outback's.
I daily drive my p/u truck, so a 3rd car (for me) is too much.
MC BumSlap
Big Belly Bum Scud
I agree with Dave. I wonder how many people have a $1M net worth.
Riddle me this Dave!
How much cash should I put into a reliable used car that is still a depreciating asset? Oh, why not just live in a place with afford public transit and save money that way? Oh wait, cost of living in those areas tend to be higher than out in bum fuck nowhere.
South Korea doesn't necessarily require military service. They require federal service. You can complete this without joining the military. But you have to actually qualify for the non-military/civil service roles. Some won't.
TheRobSJ
May lose 10mm sockets if distracted
Yeah Dave can suck it then. Hardly any new cars would ever be sold if people had to wait till they were $1M in the black to get one.
I just bought a new BBQ grill. Wonder how much my net worth should have been before Dave allowed me to buy that depreciating asset?
MC BumSlap
Big Belly Bum Scud
At least be a thousandaire before dropping coin on a new grill. Jeez....
Blankpage
alien
Would have made more sense if he had suggested what percentage of net worth you should spend on a car. That’s percentage should get smaller and smaller as you age.
wazzuFreddo
WuTang is 4 the children
JesasaurusRex
On a break
bikewanker
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Quote:
Originally Posted by Eldritch
Well, if it was me I would also have a 2 year Mandatory Military service like Switzerland and South Korea...
...
I’m in favor of 2 years of some kind of government service, planting trees in the forest would be green economics. Hell I remember elevator operators.
Bring back the WPA, although it’s possibly on its way.
Originally Posted by Eldritch
Well, if it was me I would also have a 2 year Mandatory Military service like Switzerland and South Korea...
...
I’m in favor of 2 years of some kind of government service, planting trees in the forest would be green economics. Hell I remember elevator operators.
Bring back the WPA, although it’s possibly on its way.
This worked for me a year after high school. Plus I needed some of that discipline stuff
MC BumSlap
Big Belly Bum Scud
Just like your pen0r?
Killroy1999
Well-known member
I imagine Dave would want people to meet financial goals before tossing money at a car: Pay down bad debt, 20% of gross into retirement, save for that house, and separately save for that car.
Agreed. The alarmist posts/tweets are to get peoples' attention and discussion. I mean we're 500+ posts into this thread alone.
But for some people you have to put things out there like that to try and convey, "Don't be a fuck up with your money."