Dave Ramsey says: Keep your spending in perspective

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  • JoeCapitalist2 Orem, UT
    Oct. 8, 2013 8:48 a.m.

    The correct figure is $4000 for the car. Dave is showing that what is outrageous for you and me, represents a small portion of a very wealthy person's income.

    But I don't think Dave thinks that we should spend in proportion to our income. Just because person A makes 10 times what person B makes, does not mean he should pay 10 times as much for lunch.

    Bill Gates could spend $10 billion on a house and it would represent a much smaller portion of his overall wealth as the average person's house represents on their wealth, but that doesn't mean that he should try to build such a thing. A $10 million house, is just pocket change for Mr. Gates.

  • brenlk China, 00
    Oct. 8, 2013 2:18 a.m.

    Did anyone else notice that the suggestion of someone making $15,000,000 a year spending $400,000 to buy a car is like someone who makes $150,000 a year spending $400 to buy a car is not the same? He suggests that while $400,000 may seem like a lot, as a percentage of total income it is very small? If he is attempting to show a proportionate ratio between $15 Million and $400k, and $150k and $400, then he failed since the one is 10 times larger than the other. don't forget to keep track of your zeros M. Dave!

  • morpunkt Glendora, CA
    Oct. 8, 2013 12:24 a.m.

    OK. Next car will be a Benz, instead of a Bentley. Got it.