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So, Dave Ramsey....on car buying....
- Thread starter MC BumSlap
- Start date
Eldritch
is insensitive
rodr
Well-known member
Clearly this man hates Boats.
Boat: A hole in the water that you throw lots of money into.
Blankpage
alien
Break the rule and all you have to do is wait a year as the ratio sorts itself out when that shit is worth just half what you paid for it.
jt2
Eschew Obfuscation
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Can't say Ramsey knows much about the nouveau collectibles markets....
ScarySpikes
tastes like burning
TheRobSJ
May lose 10mm sockets if distracted
He sure paints with a broad brush doesn’t he? As has been said many times now, his advice is probably pretty sound for the paycheck to paycheck buried in CC debt demographic that unfortunately so many Americans fall in. But there are certain circumstances when you can take his advice and ignore it.
Forget my situation. Since I’m a car guy so of course I’m going to prioritize more money for cars. Ramsey would try to have me locked up having two cars that equal about double my annual income. Even though I didn’t buy them with money from my actual job, it’s still probably a bit excessive I’ll admit. But again, I’m a car guy. If I didn’t have a wife who wanted me to buy other shit like $10k mattresses and new plates and utensils from Crate & Barrel(not even sure what that costs yet but I’m sure it won’t be cheap), I’d probably be spending even more money on cars because I’d live in some funky one bedroom studio type place with a cheap Casper mattress and a single spork in the kitchenette…but has a 8 car garage.
But how about my 72 year old mother? She’s been fine with less than $40k a year from SSI and is actually pissed that she’s at the age where she has to start withdrawing from her 401k (was happy last year because she didn’t have to). So according to Ramsey, she should be rolling in a $18k lightly used Corolla or something along those lines because her “income” dictates that, even though she has the savings to buy much more than that in cash? Yeah I’m not seeing my mom in her golden years holding back on not having a nice car. She gets to drive whatever makes her happy.
Forget my situation. Since I’m a car guy so of course I’m going to prioritize more money for cars. Ramsey would try to have me locked up having two cars that equal about double my annual income. Even though I didn’t buy them with money from my actual job, it’s still probably a bit excessive I’ll admit. But again, I’m a car guy. If I didn’t have a wife who wanted me to buy other shit like $10k mattresses and new plates and utensils from Crate & Barrel(not even sure what that costs yet but I’m sure it won’t be cheap), I’d probably be spending even more money on cars because I’d live in some funky one bedroom studio type place with a cheap Casper mattress and a single spork in the kitchenette…but has a 8 car garage.
But how about my 72 year old mother? She’s been fine with less than $40k a year from SSI and is actually pissed that she’s at the age where she has to start withdrawing from her 401k (was happy last year because she didn’t have to). So according to Ramsey, she should be rolling in a $18k lightly used Corolla or something along those lines because her “income” dictates that, even though she has the savings to buy much more than that in cash? Yeah I’m not seeing my mom in her golden years holding back on not having a nice car. She gets to drive whatever makes her happy.
rodr
Well-known member
25% of Americans think the sun orbits the Earth. Just sayin'.
kingmoochr
WHARRGARBL
Dear God. Citation?
MC BumSlap
Big Belly Bum Scud
TheRobSJ
May lose 10mm sockets if distracted
C’mon it can’t be that many. It just can’t. Please say it’s not.
Please?!?
wazzuFreddo
WuTang is 4 the children
TheRobSJ
May lose 10mm sockets if distracted
Here’s Davey boy and a depreciating asset he picked up awhile back…
Do as I say, not as I do.
Do as I say, not as I do.
easter bunny
Amateur Hour
You freely admit who his target audience is, and his advice is tough love reality for that crowd. So why do you keep hating on him just because his advice doesn't apply to you or Jeff Bezos? I don't think he claims his strategy is one size fits all.
JesasaurusRex
On a break
Ya, once again, his advice is good for 90% of the population. Also, I bet that vette falls within his rules, whatever they are, for him.
easter bunny
Amateur Hour
Almost guaranteed it's a business expense so yes, $0 out of pocket for himself on a personal level. No owning a depreciating asset.
scootergmc
old and slow
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This is how I know you don't listen:
He does exactly what he says.....
Got no debt? Check
Got a million dollars net worth? Check
Got the cash? Check
New Corvette.
But hey, he says it all the time when people call in with their plans and don't agree with him:
"You're going to do what you're going to do, but you called and asked what I would do if I were you."
Different strokes.... Y'all can continue your hate now.
