Dave Ramsey: True Money Make Over

[PINOY_E90]

does anyone tried his method... I have been listening to him in the radio in few weeks... then last week got tempted to buy his TMMO book... now I am hook... But one problem... he wants me to sell my 335i and buy a beater for cash...

anyone tried it? Any opinion good/bad?

thanks

[FStop7]

scammmmm

[TunedM2C]

Originally Posted by PINOY_E90

But one problem... he wants me to sell my 335i and buy a beater for cash...

It's a start, pay cash for a "beater" versus financing something else. If you could save $500 per month and invest it accordingly you'll def. be ahead of the game. Not rocket science.

[AjzRide]

I know several people who have been through this program. If you are the type person who at the end of the week says "Dude, where did all my money go?" Then his program can help you. If you are a person who knows where your money goes, but just spend more than you should, then it will not help you. After all, you already know what your spending your money on and made the choice to do so, some guy in a book telling you to stop buying latte at Starbucks and make coffee at home is not going to change your mind.

[Spec 1]

I got rid of my car payment almost 4 years ago and bought a beater for cash. Subtracting out funds for fixing things on the beater, I assume to have saved over $16,000 in that time.

[Spoolin335]

the point of buying a beater is to save money on interest if your financing your car.

ive always bought my cars straight out.
the only debt i have is my mortgage.

[achenator]

Originally Posted by Spoolin335

the point of buying a beater is to save money on interest if your financing your car.

ive always bought my cars straight out.
the only debt i have is my mortgage.

Dave Ramsay advises against ANY new car until you have $1 million in the bank. It's not about the interest. It's about buying a beater and investing the rest.

[Cosmop]

I'll save you the cash for the progam

Don't use credit cards
Don't take out any loans (Except for a house)
Don't buy stupid crap
Save 15-20% on everything you make

[PINOY_E90]

well, im not sure how it will be scam, i am not planning on attending any meeting/session/seminar or whatever. only investment i did was to buy the book for $25. after reading the book, i think it is a good book/method, i will try maybe 70-80% of his principle this year. for the first time on my life i will have budget next month...

thanks for all replies...

[T-MC-G]

trade in my car for a beater??? yeah, and I could have gotten straight A's in college if I didn't have a social life...

[Kiemyster]

Originally Posted by Cosmop

I'll save you the cash for the progam

Don't use credit cards
Don't take out any loans (Except for a house)
Don't buy stupid crap
Save 15-20% on everything you make

Its common sense. Debt Cards exist for a reason, lol. If you need a program like this, then god help you all.

[Citizen Z]

Dave Ramsey's line is pretty good, for American consumers. Its kind of suprising the relief you feel when you're completely out of debt. You don't expect it since you're so used to carrying debt all the time. If all of America followed his guide, we might not all enjoy the same standard of living, but would have a lot more financial security as a nation and individually.

His best line is that people know what to do, but are basically unable to so because of human nature and a more severe plan is necessary.

[Bmoney2K4]

Originally Posted by Cosmop

I'll save you the cash for the progam

Don't use credit cards
Don't take out any loans (Except for a house)
Don't buy stupid crap
Save 15-20% on everything you make

Yes, agreed, so simple, why don't people just follow these rules especially the fourth rule

[Mighty M]

Just make more money.