I think most of Dave Ramsey's advice is for people who are lacking in financial literacy and can't manage their money very well! Not all people are financial savvy as you are! LOL! Investing with debts and be successful at it requires some investing knowledge, know-hows, and luck: not for every one, unfortunately! LOL!
Coming from a guy who used to promote, Fearless Agent, and the owner would crap on him, on every coaching call. I thought, Colton used to talk about being a highs school drop out, or close to it. Now he's going to speak about, high finance? Mmmkay! Dave Ramsey (not a fan for other reason) is really speaking to idiots who don't understand the difference between a, Compact Disc and a Certificate of Deposit, you get, there both called, CDs! Basically any idiot could fall out of a boat and hit water when it came to finance and picking stock over the last, ten years. Why, interest rates were so cheaper, you were insane not to buy stock on margin. Those days are over, and high schooler's are going to have a harder time achieving a, 5% plus, annual rate of return in the markets. But hey, leave it to, Colton and his "just come off the mountain look." Go Bob Lucifer!
My 401K was being matched by 6% for 25 years, I managed myself with only NO or LOW cost stocks. This allowed me to retire early with a couple mil. I disagree with Dave on paying off my home on 35 acres with a 2.6% mortgage, instead I'm building cash for when this chit hits the Biden fan- then I'm going rental house shopping..
I agree with your input on 401k and mutual funds but as a former debt collector I promise there is no such thing as good debt lol and you say it multiple times
Edit: also only about 9% of people are actually getting there student loans wiped
Also mutual funds have low cost index options that dont fail. I have a s&p 500 mitual fund as part of my portfolio. Do you research my dude, and dont spread incorrect info.
My 401k at work I only use to get the 5% match. And I invest in low cost funds under .04% expense ratio. Then the rest goes into my Roth IRA. I think 401k is fine if you can control it and know what you're doing.
![[Bombshell News] Consultants say we’re DANGEROUSLY near a recession 🚨](https://i.ytimg.com/vi/DvnKvkjdsMc/maxresdefault.jpg "[Bombshell News] Consultants say we’re DANGEROUSLY near a recession 🚨")
I think most of Dave Ramsey's advice is for people who are lacking in financial literacy and can't manage their money very well! Not all people are financial savvy as you are! LOL! Investing with debts and be successful at it requires some investing knowledge, know-hows, and luck: not for every one, unfortunately! LOL!
Coming from a guy who used to promote, Fearless Agent, and the owner would crap on him, on every coaching call. I thought, Colton used to talk about being a highs school drop out, or close to it. Now he's going to speak about, high finance? Mmmkay! Dave Ramsey (not a fan for other reason) is really speaking to idiots who don't understand the difference between a, Compact Disc and a Certificate of Deposit, you get, there both called, CDs! Basically any idiot could fall out of a boat and hit water when it came to finance and picking stock over the last, ten years. Why, interest rates were so cheaper, you were insane not to buy stock on margin. Those days are over, and high schooler's are going to have a harder time achieving a, 5% plus, annual rate of return in the markets. But hey, leave it to, Colton and his "just come off the mountain look." Go Bob Lucifer!
My 401K was being matched by 6% for 25 years, I managed myself with only NO or LOW cost stocks. This allowed me to retire early with a couple mil. I disagree with Dave on paying off my home on 35 acres with a 2.6% mortgage, instead I'm building cash for when this chit hits the Biden fan- then I'm going rental house shopping..
I agree with your input on 401k and mutual funds but as a former debt collector I promise there is no such thing as good debt lol and you say it multiple times
Edit: also only about 9% of people are actually getting there student loans wiped
Also mutual funds have low cost index options that dont fail. I have a s&p 500 mitual fund as part of my portfolio. Do you research my dude, and dont spread incorrect info.
My 401k at work I only use to get the 5% match. And I invest in low cost funds under .04% expense ratio. Then the rest goes into my Roth IRA. I think 401k is fine if you can control it and know what you're doing.