Dave Ramsey says it like it is! The LDS church teaches to stay out of debt but
what I like about Dave's advice is that he has specific steps to follow for
long term financial peace. I think most people could benefit from learning his
program. It changed my life.
Everything Dava Ramsey preaches I know instinctively since I was young. I guess
it was a gift. I've always lived on less than I made and saved or invested
the rest.Its 'common' sense that if you get into debt now,
for things that are consumed now, such as going out to eat or for vacation,
quality of life in the future will be degraded. I've seen people so far in
debt they don't have any disgressionary spending. Often they don't
have money to make a payment and their credit gets hurt, so when they need to
use credit for something legitimate they can't or can only at a higher
interest rate.Dave Ramsen didn't instinctively know how bad
debt was, he had to learn the hard way. He went through a bankrupsy. Now he
makes it his life's mission to help people avoide and recover from what he
went through. My hat is off to him.
Isn't low financial literacy the reason for debt? I suppose it could go
I hope it was a wake up call for most people. It most certainly was not for
Wall Street or the Big banks thanks to our paying the bill for their foolishness
- for generations.