So, Dave Ramsey....on car buying....

[ScarySpikes]

8.8% savings VS CPI @2.2% @ 5 years. I'd have to run the complete calc, but of the cuff it looks like a wash in savings almost. The $4K advantage is wiped out in about 64 months. Don't forget; the "asset" side of debt (especially @ 0%) is the repayment of current dollars with future dollars.

Might want to avoid discussion of that ugly dude in the nonpolitical forum.

 

[Yakoo752]

Any idea if 'bank balance' in this chart includes 401k holdings and other securities, or is this straight cash?

Straight cash

We discussed that briefly

I’d wager the curves look awfully similar though. And 401ks aren’t liquid assets.

 

[Holeshot]

Might want to avoid discussion of that ugly dude in the nonpolitical forum.

Read the context of the quote. I don't know why you'd make this out to be political.

 

[Killroy1999]

The reason that Dave Ramsey gave; a vague reference to the beta of an investment; is really dumb.

How do we properly add risk into the equation then? The caller could loose his job and the market could tank and he still has student loans and his investment is negative.

We we should be able to take a funds average return and beta and calculate the rate of return with a high percent of confidence like 99%.

 

[eBay Mike]

Which one do you use? I tried one just to see, but it was pretty cheap. Still had shoulder pain so I ended up replacing the whole mattress and that solved it.

Whatever the Costco one was, it’s a few years old, don’t see a name on it.

But I’d say people should spend more on beds, on average. Or at least do more research on mattress types and what a good deal is.

 

[bikewanker]

I opened a side business LLC as a sleeping consultant so I bill myself for my sleeping time as reasearch, pay myself, AND all my sleep is a business expense I can write off.

From the Li'l Abner book; Finance your Future via the Tax Code?
I’m really wanting to skip forward to the Sadie Hawkins chapter.

 

[JesasaurusRex]

8.8% savings VS CPI @2.2% @ 5 years. I'd have to run the complete calc, but of the cuff it looks like a wash in savings almost. The $4K advantage is wiped out in about 64 months. Don't forget; the "asset" side of debt (especially @ 0%) is the repayment of current dollars with future dollars.

If one has future dollars

 

[ScarySpikes]

How do we properly add risk into the equation then? The caller could loose his job and the market could tank and he still has student loans and his investment is negative.

We we should be able to take a funds average return and beta and calculate the rate of return with a high percent of confidence like 99%.

He could have explained it as you just did, or as I and others have done in this thread. Seems pretty easy.

Using beta as a reasoning to not invest in a Roth IRA is flat out incorrect. It's nonsensical and no real financial advisor would do that.

 

[Killroy1999]

He could have explained it as you just did, or as I and others have done in this thread. Seems pretty easy.

Using beta as a reasoning to not invest in a Roth IRA is flat out incorrect. It's nonsensical and no real financial advisor would do that.

Oh yeah, it probably was not explained well to the average person and he did cut him off and I was not sure if the caller understood. Valid criticism.

I thought the video was better than the tweets because the tweets are not explained very much at all. At least with the video you can see that he is trying to help. Not everyone can agree with his risk adverse style.

 

[VicTim]

Who says you lazy assholes can sleep? My financial guy says you can't sleep until you have made your first $500K and are no longer are paying rent. Slackers.

Thank you. I'm so tired but I can finally sleep now!

 

[mean dad]

Is this the new humble brag thread? Everyone with half a mill to their name pop on in and be seen!

 

[JesasaurusRex]

Is this the new humble brag thread? Everyone with half a mill to their name pop on in and be seen!

Not anymore

 

[TheRobSJ]

Aaaaaand we’re back!


You buy that mattress yet? Or did you blow the money on wrinklewalls and Welds?

 

[JesasaurusRex]

Aaaaaand we’re back!


You buy that mattress yet? Or did you blow the money on wrinklewalls and Welds?

Hookers and blow, thank you very much

 

[TheRobSJ]

Hookers and blow, thank you very much

A noble cause.


Though Dave would not approve.

 

[Kurosaki]

Is this the new humble brag thread? Everyone with half a mill to their name pop on in and be seen!

The humble brag thread was the one about stimulus checks and who didn't get one because they make too much money.

 

[JesasaurusRex]

A noble cause.


Though Dave would not approve.

why's that? i pay with cash

 

[Bubba_s]

why's that? i pay with cash

Wait, there's a finance option with the H & B ???

 

[TheRobSJ]

why's that? i pay with cash

Yes. But it’s a depreciating asset. As in it depreciates to zero after you consume it. You’re not allowed to buy such luxuries till you’re worth at least a million. So the next time you want to be all baller and shit with hookers and blow, be smart like Dave and just snort a bunch of baby laxative and pick up a secondhand Fleshlight off Craigslist (or teh BARF classifieds of course).

 

[JesasaurusRex]