• RisingSwell@lemmy.dbzer0.com
        link
        fedilink
        English
        arrow-up
        1
        ·
        25 days ago

        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.

        • AmbientChaos@sh.itjust.works
          link
          fedilink
          English
          arrow-up
          7
          ·
          25 days ago

          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”

    • Frozengyro@lemmy.world
      link
      fedilink
      English
      arrow-up
      14
      arrow-down
      6
      ·
      26 days ago

      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.

    • NewNewAccount@lemmy.world
      link
      fedilink
      English
      arrow-up
      9
      arrow-down
      7
      ·
      26 days ago

      Nah he’s alright. There is no nuance in his advice but for the majority of his listeners that’s probably a good thing.

      • Kroxx@lemm.ee
        link
        fedilink
        English
        arrow-up
        2
        arrow-down
        1
        ·
        26 days ago

        Yeah he has some shit personally takes and I hate the way he runs his company. He does give pretty decent financial advice though

        • capital@lemmy.world
          link
          fedilink
          English
          arrow-up
          10
          ·
          25 days ago

          No he doesn’t.

          I can give better advice in a similarly easy to consume manner, applicable to most.

          1. 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.

          2. 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.

          • Frozengyro@lemmy.world
            link
            fedilink
            English
            arrow-up
            5
            arrow-down
            3
            ·
            edit-2
            25 days ago

            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.