Dave Ramsey says: Never touch the emergency fund for anything except for unexpected, scary stuff

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  • george of the jungle goshen, UT
    Jan. 7, 2014 1:24 p.m.

    I an a beginner. Self discipline is a one day at a time thing but the different perspective, I see a new way to look at money. I call my Sergent General money, hazardous to my health, do not try this at home, use only under adult supervision. The emergency money.

  • SillyRabbit Layton, 00
    Jan. 7, 2014 8:36 a.m.

    I enjoy Dave's principles, but I think that the underlying issues of debt or financial choices is better dissected in a blog I frequent: search "Living Stingy".

    It's a fascinating study, but generally a slap-in-the-face if you think things like car leases, RVs, credit card reward programs, large houses, or the like are great deals.

  • NT SomewhereIn, UT
    Jan. 6, 2014 4:08 p.m.

    Dave speaks my language. My first boss taught me so much about life. One of the lessons he taught me was that any purchases would be made with cash (meaning no financing). I have enjoyed the financial freedom that he always talks about for the past 13 years. Paid off the house at 7 years into a 15 yr loan. Have had to fight the temptation to re-fi at such low rates, but why?! we own the home!

    Unfortunately, I have failed at teaching the next generation (the "entitled" generation) the same principles, and the kids tune-out when I have the radio tuned to Dave.

    I think that rather than working until 62 or 65 and leave them money they did not earn, I will retire a few years earlier and enjoy a few more years of life. (My kids will then despise Dave even more.)

  • Ronnie W. Layton, UT
    Jan. 6, 2014 11:31 a.m.

    Dave is probably my favorite article in the Deseret News. He has one of the best understanding of personal money matters. I wish more people would listen to him.