As a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone đ
As a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone đ
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233 comments
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Dave Ramsey is a hack.
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broken clock tho
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That's...the point of the saying.
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Yeah but what if the clock is broken so it's like 15 minutes off all the time? Then it's never right. The right twice a day is just big idiom propaganda
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If itâs always off by 15 minutes, itâs not broken, itâs misconfigured.
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And if it can't be fixed?
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Damn, that's a critical error. Good catch.
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Time is continuous, not discrete
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Well most clocks are not continuous though.
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All you need to know about Dave Ramsey: i worked on his Jaguar XK.
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Is that a particularly expensive jaguar? When I was car shopping I saw some jags for 20k or less so owning a Jag means absolutely nothing when it comes to wealth.
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The trick is that it costs an absolute fortune to maintain them, that's why they're cheap used. I believe there Is a saying that goes something like "the only car more expensive than a luxury car is a used luxury car"
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He's right for most people first beginning to improve their financial health. He has probably gotten more people out of debt than any other 'guru'. If that's a hack, so be it, it works.
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Is he the idiot who demands you only pay for things in cash and store it in labeled envelopes?
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Doesnât that 1950s(?idk) advice kinda work for some people?
âDemandsâ though thatâs odd
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Nah heâs alright. There is no nuance in his advice but for the majority of his listeners thatâs probably a good thing.
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Yeah he has some shit personally takes and I hate the way he runs his company. He does give pretty decent financial advice though
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I can give better advice in a similarly easy to consume manner, applicable to most.
- Invest in a low cost target date fund. Look at Vanguard target date funds for examples and pick a year close to your expected retirement date.
- Pay your highest interest debt before lower.
Both of these pieces of advice make you more money than doing what Ramsay says and are equally easy to understand.
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Yes, but do people do it? No.
Do people actually do what Ramsey suggests, even if it isn't mathematically perfect? Yes.
You're under estimating the human factor.
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Dave Ramsey has excellent financial advice for a certain type of person. I bet 90% of people reading this need Dave Ramsey style advice.
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233 comments