This blog contains some simple tips and advice from two regular guys. We're not accountants, financial advisors, or brokers, so follow, ignore, or discuss our ideas as you see fit.

Monday, February 16, 2009

Dave Ramsey

Hi Everyone,

I had some people mention Dave Ramsey to me, so I finally got around to going to his webpage:


and checking it out.

One of my favorite features was "The Stupid Tax" which is a feature on the page where you can write in and share your stories of impulsive or just plain stupid money choices. One of my favorites was about being offered 3 months free of a magazine in the checkout line at the store. This has happened to me and I never knew what "the catch" was. I assumed that they gave me the three months free and then if I didn't specifically cancel then I would automatically enroll for another year. This person share's a story where it is even worse. For them the fine print says that you are subscribing for a year and getting the first three months free, so an annual subscription fee actually gets charged to you. You can read the story here:

A Magazine Subscription I Didn't Want

I also liked his 7 Baby Steps though I'm not sure I'd agree with all of his specific decisions. He seemed to feel that you should ONLY have a 15 year fixed mortgage. I think going for a 15 year fixed is a great goal, but I also don't think it's bad to have a 30 year.

Generally I liked his view of debt=bad, certainly worse mantras to have when it comes to money.