goemaw.com
General Discussion => The New Joe Montgomery Birther Pit => Topic started by: Jeffy on February 15, 2011, 11:19:57 PM
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Offer has expired.
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Sounds like a goddam waste of money.
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do they take credit cards?
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lol, his website only accepts credit cards to buy his books and crap. What a mindfuck for the people that follow him.
You mad dave ramsey?
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fwww.securedbusinesscreditcard.org%2Fwp-content%2Fuploads%2F2009%2F12%2Fcredit-cards_69.jpg&hash=08ceba3558f4c9109bcf01ec211e557d83125b47)
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Do you think people scalp tickets at his events?
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Its amazing that the people that are so mocking and so pro-credit card are also the most hateful toward the big banks.
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Its amazing that the people that are so mocking and so pro-credit card are also the most hateful toward the big banks.
I'm pro all of that stuff
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Its amazing that the people that are so mocking and so pro-credit card are also the most hateful toward the big banks.
Are you referring to actual posters on this site or some mythical people that exist in your mind?
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Its amazing that the people that are so mocking and so pro-credit card are also the most hateful toward the big banks.
:confused:
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I HATE BIG BANKS!!! :curse: :curse: :curse:
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Nothing worse than a bank! NOTHING! His is why I keep all my money in envelopes and folgers cans. Just like my guns, one in every room.
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I like the crap out of big banks.
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Big Banks Suck Ballz. :flush:
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I don't really like Brandon Banks but I like the crap out of that dude at VegasPak who wore a Brandon Banks jersey.
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i hated the crap out of that "agent cody banks" movie, even though i liked malcolm in the middle guy.
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lol, his website only accepts credit cards to buy his books and cac. What a mindeff for the people that follow him.
You mad dave ramsey?
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fwww.securedbusinesscreditcard.org%2Fwp-content%2Fuploads%2F2009%2F12%2Fcredit-cards_69.jpg&hash=08ceba3558f4c9109bcf01ec211e557d83125b47)
I watched his show one time. He told some dude to buy a $20K car with cash. I changed the channel.
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Its amazing that the people that are so mocking and so pro-credit card are also the most hateful toward the big banks.
I bank at a big bank. I have two credit cards. My wife has two credit cards. We have two car payments and a mortgage.
People should have credit. They should use credit. It's useful.
Dave Ramsey is nothing more than a self-help guy that finds a way to pry money from stupid people.
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How do people get hotel rooms without credit cards? Or buy gas without walking into the store?
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How do people get hotel rooms without credit cards? Or buy gas without walking into the store?
I think they use these cards tied to their checking account that serve a similar capacity to what a check would do. Just what I have heard through rumor though, these animals are capable of anything.
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does he even play an instrument?
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How do people get hotel rooms without credit cards? Or buy gas without walking into the store?
I think they use these cards tied to their checking account that serve a similar capacity to what a check would do. Just what I have heard through rumor though, these animals are capable of anything.
:lol: :lol: :lol:
FYI - they're called Predators not animals. Animals isn't scary enough, duh. And goddamn Dave Ramsey for helping stupid poor people figure out how to maintain decent credit so they can get more at a reasonable cost if they want. $10!!! what a Predator.
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How do people get hotel rooms without credit cards? Or buy gas without walking into the store?
I think they use these cards tied to their checking account that serve a similar capacity to what a check would do. Just what I have heard through rumor though, these animals are capable of anything.
:lol: :lol: :lol:
FYI - they're called Predators not animals. Animals isn't scary enough, duh. And goddamn Dave Ramsey for helping stupid poor people figure out how to maintain decent credit so they can get more at a reasonable cost if they want. $10!!! what a Predator.
lol at paying 10 dollars to see a guy who doesn't even play an instrument. what a rip off.
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How do people get hotel rooms without credit cards? Or buy gas without walking into the store?
They "negotiate" better deals.
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FYI - they're called Predators not animals. Animals isn't scary enough, duh. And goddamn Dave Ramsey for helping stupid poor people figure out how to maintain decent credit so they can get more at a reasonable cost if they want. $10!!! what a Predator.
Ramsey doesn't tell people how to get decent credit. He tells people how to live without credit.
As reference above, the only time I ever heard that guy tell someone that it was okay to have credit was when a guy started talking about buying a house. And then, Ramsey said that you should only do it if you had 20% to put down on it.
Yeah, like everyone, especially those in their mid-20's to early-30's, has $20-$40K lying around somewhere. Especially after we've spent all of our life savings buying our used mini-van with cash.
Suck it up, pay the 3% interest on your car, and put down $50 bucks a month for PMI so you can have some cash lying around and start building equity earlier. People should learn how to use credit and not avoid it. It's called 'living in the 21st century'.
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Minimizing debt is a great idea, most financially responsible people understand that concept. Financially savvy people also know how to leverage cheap debt in their favor, or take advantage of zero interest loans, credit card offers etc. I guess if you can't trust yourself and your own judgement then taking part in his scheme has some merit.
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Minimizing debt is a great idea, most financially responsible people understand that concept. Financially savvy people also know how to leverage cheap debt in their favor, or take advantage of zero interest loans, credit card offers etc. I guess if you can't trust yourself and your own judgement then taking part in his scheme has some merit.
I'll agree with that. It's an extremist concept. If you're intelligent enough to handle your own finances, his method isn't for you. If you aren't intelligent enough to understand how to use debt to your advantage, then, yes, by all means, pay ten dollars and go see Dave Ramsey.
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FYI - they're called Predators not animals. Animals isn't scary enough, duh. And goddamn Dave Ramsey for helping stupid poor people figure out how to maintain decent credit so they can get more at a reasonable cost if they want. $10!!! what a Predator.
Ramsey doesn't tell people how to get decent credit. He tells people how to live without credit.
As reference above, the only time I ever heard that guy tell someone that it was okay to have credit was when a guy started talking about buying a house. And then, Ramsey said that you should only do it if you had 20% to put down on it.
Yeah, like everyone, especially those in their mid-20's to early-30's, has $20-$40K lying around somewhere. Especially after we've spent all of our life savings buying our used mini-van with cash.
Suck it up, pay the 3% interest on your car, and put down $50 bucks a month for PMI so you can have some cash lying around and start building equity earlier. People should learn how to use credit and not avoid it. It's called 'living in the 21st century'.
you're missing the point because you don't understand everyone hates poor people and thinks they shouldn't get anything. dave ramsey helps them, goddamn him!!!!!!!!
also, if you understand everything you wrote, and actually stick to it, you probably wouldn't benefit from Dave Ramsey LIVE (without instruments). most people either don't know any of that, or are too undisciplined (aka stupid) to help themselves
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How do people get hotel rooms without credit cards? Or buy gas without walking into the store?
I think they use these cards tied to their checking account that serve a similar capacity to what a check would do. Just what I have heard through rumor though, these animals are capable of anything.
:lol: :lol: :lol:
FYI - they're called Predators not animals. Animals isn't scary enough, duh. And goddamn Dave Ramsey for helping stupid poor people figure out how to maintain decent credit so they can get more at a reasonable cost if they want. $10!!! what a Predator.
lol at paying 10 dollars to see a guy who doesn't even play an instrument. what a rip off.
true story, there's a thread started by a goEMAW poster who's paying top dollar (well in excess of $10) to see some lady perform live, and that lady doesn't even play an instrument in her performance. talk about predatory, yeesh
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FYI - they're called Predators not animals. Animals isn't scary enough, duh. And goddamn Dave Ramsey for helping stupid poor people figure out how to maintain decent credit so they can get more at a reasonable cost if they want. $10!!! what a Predator.
Ramsey doesn't tell people how to get decent credit. He tells people how to live without credit.
As reference above, the only time I ever heard that guy tell someone that it was okay to have credit was when a guy started talking about buying a house. And then, Ramsey said that you should only do it if you had 20% to put down on it.
Yeah, like everyone, especially those in their mid-20's to early-30's, has $20-$40K lying around somewhere. Especially after we've spent all of our life savings buying our used mini-van with cash.
Suck it up, pay the 3% interest on your car, and put down $50 bucks a month for PMI so you can have some cash lying around and start building equity earlier. People should learn how to use credit and not avoid it. It's called 'living in the 21st century'.
oh, okay "Panbigjanbankdrum" I'm on to you :dubious:
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FYI - they're called Predators not animals. Animals isn't scary enough, duh. And goddamn Dave Ramsey for helping stupid poor people figure out how to maintain decent credit so they can get more at a reasonable cost if they want. $10!!! what a Predator.
Ramsey doesn't tell people how to get decent credit. He tells people how to live without credit.
As reference above, the only time I ever heard that guy tell someone that it was okay to have credit was when a guy started talking about buying a house. And then, Ramsey said that you should only do it if you had 20% to put down on it.
Yeah, like everyone, especially those in their mid-20's to early-30's, has $20-$40K lying around somewhere. Especially after we've spent all of our life savings buying our used mini-van with cash.
Suck it up, pay the 3% interest on your car, and put down $50 bucks a month for PMI so you can have some cash lying around and start building equity earlier. People should learn how to use credit and not avoid it. It's called 'living in the 21st century'.
you're missing the point because you don't understand everyone hates poor people and thinks they shouldn't get anything. dave ramsey helps them, goddamn him!!!!!!!!
also, if you understand everything you wrote, and actually stick to it, you probably wouldn't benefit from Dave Ramsey LIVE (without instruments). most people either don't know any of that, or are too undisciplined (aka stupid) to help themselves
If poor people want to buy stuff, they shouldn't listen to Dave Ramsey. He'll tell them to save up ten grand to buy a used Ford Escape.
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FYI - they're called Predators not animals. Animals isn't scary enough, duh. And goddamn Dave Ramsey for helping stupid poor people figure out how to maintain decent credit so they can get more at a reasonable cost if they want. $10!!! what a Predator.
Ramsey doesn't tell people how to get decent credit. He tells people how to live without credit.
As reference above, the only time I ever heard that guy tell someone that it was okay to have credit was when a guy started talking about buying a house. And then, Ramsey said that you should only do it if you had 20% to put down on it.
Yeah, like everyone, especially those in their mid-20's to early-30's, has $20-$40K lying around somewhere. Especially after we've spent all of our life savings buying our used mini-van with cash.
Suck it up, pay the 3% interest on your car, and put down $50 bucks a month for PMI so you can have some cash lying around and start building equity earlier. People should learn how to use credit and not avoid it. It's called 'living in the 21st century'.
you're missing the point because you don't understand everyone hates poor people and thinks they shouldn't get anything. dave ramsey helps them, goddamn him!!!!!!!!
also, if you understand everything you wrote, and actually stick to it, you probably wouldn't benefit from Dave Ramsey LIVE (without instruments). most people either don't know any of that, or are too undisciplined (aka stupid) to help themselves
If poor people want to buy stuff, they shouldn't listen to Dave Ramsey. He'll tell them to save up ten grand to buy a used Ford Escape.
EXACTLY!!!!!!!!!!!!! Poor people should be screwed over with reckless abandon. Makes the rest of us look way more responsible and financially savvy.
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they actually cost $42.
https://www.daveramsey.com/live/registration/city/Kansas%20City/date/20110305/
Looks like jeffy got one hell of a cash discount.
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EXACTLY!!!!!!!!!!!!! Poor people should be screwed over with reckless abandon. Makes the rest of us look way more responsible and financially savvy.
That's not what I'm saying. You should educate the 'poor' on how to take advantage of tools out there that can help them A) build credit responsibly and B) use it wisely. You shouldn't tell them how to 'get out of debt' by not taking on debt.
The bottom line is that anyone can learn how to manage their finances by using Mint.com, a pad of paper, and a calculator. If you don't have access to a computer, or you don't know how to use one, then yes, pay for everything in cash because there is no way you're capable of managing 21st century finance. You also better bank at a place that requires tellers to know your name and give you cookies every time you come through the door.
I'm not going to go off on additional tangents because I can tell you're not really someone that's good at this sort of banter.
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How do people get hotel rooms without credit cards? Or buy gas without walking into the store?
I think they use these cards tied to their checking account that serve a similar capacity to what a check would do. Just what I have heard through rumor though, these animals are capable of anything.
:lol: :lol: :lol:
FYI - they're called Predators not animals. Animals isn't scary enough, duh. And goddamn Dave Ramsey for helping stupid poor people figure out how to maintain decent credit so they can get more at a reasonable cost if they want. $10!!! what a Predator.
lol at paying 10 dollars to see a guy who doesn't even play an instrument. what a rip off.
true story, there's a thread started by a goEMAW poster who's paying top dollar (well in excess of $10) to see some lady perform live, and that lady doesn't even play an instrument in her performance. talk about predatory, yeesh
gaga plays several instruments live. looks like you don't know what the hell you're talking about yet again, "sugar dick"
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Offer has expired.
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Offer has expired.
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Offer has expired.
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The real Sugar Dick would've been financially savvy, I just know it.
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Can you really use a debit card to book a room? I always thought that was a no-no. What a crazy world we live in.
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How do people get hotel rooms without credit cards? Or buy gas without walking into the store?
I think they use these cards tied to their checking account that serve a similar capacity to what a check would do. Just what I have heard through rumor though, these animals are capable of anything.
:lol: :lol: :lol:
FYI - they're called Predators not animals. Animals isn't scary enough, duh. And goddamn Dave Ramsey for helping stupid poor people figure out how to maintain decent credit so they can get more at a reasonable cost if they want. $10!!! what a Predator.
lol at paying 10 dollars to see a guy who doesn't even play an instrument. what a rip off.
true story, there's a thread started by a goEMAW poster who's paying top dollar (well in excess of $10) to see some lady perform live, and that lady doesn't even play an instrument in her performance. talk about predatory, yeesh
gaga plays several instruments live. looks like you don't know what the hell you're talking about yet again, "sugar dick"
I guess we'll have to take your word for it, OK_Cat
:lol:
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Can you really use a debit card to book a room? I always thought that was a no-no. What a crazy world we live in.
Yes, you can. It's incredibly stupid to do so though.
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Its amazing that the people that are so mocking and so pro-credit card are also the most hateful toward the big banks.
I bank at a big bank. I have two credit cards. My wife has two credit cards. We have two car payments and a mortgage.
People should have credit. They should use credit. It's useful.
Dave Ramsey is nothing more than a self-help guy that finds a way to pry money from stupid people.
And don't expect the government to bail you out when the job goes away and you can't pay for them. I mean, you can probably expect it, since it's happened thousands of times already. Empowering bad decisions is one of the worst things the government will do.
If people would understand the basic concept of having a high balance credit card and only using 10% of it, pay it off monthly, and understand the concept of what an interest rate can do to the overall balance of the account, then having a credit card is not an issue.
Having a credit card isn't a problem. Not knowing how it works is a problem.
Again, if you're stupid, and you don't know how a credit card works and how it effects your credit score, then as I said, feel free to follow Dave Ramsey's model and not have/use a credit card. If you feel that it's a good idea to carry a high balance on a card with an 18% interest rate, then, yes, you should pay the money to go see Dave Ramsey.
However, if you're not Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!), feel free to use a credit card, build your credit score, and get great rates on mortgages, car loans, etc.
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Its amazing that the people that are so mocking and so pro-credit card are also the most hateful toward the big banks.
I bank at a big bank. I have two credit cards. My wife has two credit cards. We have two car payments and a mortgage.
People should have credit. They should use credit. It's useful.
Dave Ramsey is nothing more than a self-help guy that finds a way to pry money from stupid people.
And don't expect the government to bail you out when the job goes away and you can't pay for them. I mean, you can probably expect it, since it's happened thousands of times already. Empowering bad decisions is one of the worst things the government will do.
If people would understand the basic concept of having a high balance credit card and only using 10% of it, pay it off monthly, and understand the concept of what an interest rate can do to the overall balance of the account, then having a credit card is not an issue.
Having a credit card isn't a problem. Not knowing how it works is a problem.
Again, if you're stupid, and you don't know how a credit card works and how it effects your credit score, then as I said, feel free to follow Dave Ramsey's model and not have/use a credit card. If you feel that it's a good idea to carry a high balance on a card with an 18% interest rate, then, yes, you should pay the money to go see Dave Ramsey.
However, if you're not Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!), feel free to use a credit card, build your credit score, and get great rates on mortgages, car loans, etc.
apply this logic to gun regs and suddenly you're a "redneck"
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Jeffy,
i'm teetering on the edge of bankrupcy and the $10 for a ticket might put me over the edge. I can't absorb the information Dave Ramsey gives unless I see him live. Hearing the information second hand, or reading it, or listening to an audio tape will not work.
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apply this logic to gun regs and suddenly you're a "redneck"
The simplest answer to both questions is to prevent stupid people from getting them and limiting their ability to do damage when they do.
People try to over-complicate really simple problems.
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Offer has expired.
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Offer has expired.
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Can you really use a debit card to book a room? I always thought that was a no-no. What a crazy world we live in.
Debit cards work just like a credit card. You can also reserve a rental car with one! *gasp*
And when the pump at the gas station screws up and you have extra charges on your debit card, your actual balance available to pay bills is impacted, whereas you have time to work with your credit card company to resolve the mix up.
When you purchase items on the Internet with a debit card, if something goes wrong, someone is taking money out of your accounts, and you have no money until it gets resolved, whereas you work with your credit card company to resolve the fraudulent charges.
Anyone who tells anyone to not get a credit card is a rough ridin' idiot. Therefore, Dave Ramsey is a rough ridin' idiot.
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Offer has expired.
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Can you really use a debit card to book a room? I always thought that was a no-no. What a crazy world we live in.
Debit cards work just like a credit card. You can also reserve a rental car with one! *gasp*
And when the pump at the gas station screws up and you have extra charges on your debit card, your actual balance available to pay bills is impacted, whereas you have time to work with your credit card company to resolve the mix up.
When you purchase items on the Internet with a debit card, if something goes wrong, someone is taking money out of your accounts, and you have no money until it gets resolved, whereas you work with your credit card company to resolve the fraudulent charges.
Anyone who tells anyone to not get a credit card is a rough ridin' idiot. Therefore, Dave Ramsey is a rough ridin' idiot.
If you keep money in your account, then this isn't a big deal.
Not sure that would help if some latvian hackers compromised a system that had your debit card information in it.
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Be nice to Obama voters!
Financial stupidity is not exclusive to members of a particular party.
You're deflecting. Back to the point where you acquiesce and say Dave Ramsey is a rough ridin' idiot.
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Offer has expired.
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Be nice to Obama voters!
Financial stupidity is not exclusive to members of a particular party.
You're deflecting. Back to the point where you acquiesce and say Dave Ramsey is a rough ridin' idiot.
c'mon, bro. Act Your Wage
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Be nice to Obama voters!
Financial stupidity is not exclusive to members of a particular party.
You're deflecting. Back to the point where you acquiesce and say Dave Ramsey is a rough ridin' idiot.
OT: I've always noticed the people who hate "socialism" the most are the people who would obviously reap the most rewards from it.
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Can you really use a debit card to book a room? I always thought that was a no-no. What a crazy world we live in.
Debit cards work just like a credit card. You can also reserve a rental car with one! *gasp*
And when the pump at the gas station screws up and you have extra charges on your debit card, your actual balance available to pay bills is impacted, whereas you have time to work with your credit card company to resolve the mix up.
When you purchase items on the Internet with a debit card, if something goes wrong, someone is taking money out of your accounts, and you have no money until it gets resolved, whereas you work with your credit card company to resolve the fraudulent charges.
Anyone who tells anyone to not get a credit card is a rough ridin' idiot. Therefore, Dave Ramsey is a rough ridin' idiot.
If you keep money in your account, then this isn't a big deal.
The problem with using a debit card is there are often holds placed on the account. If you fill up at a gas station they'll often times place a $75 hold when you run the card which goes through immediately and the true amount will go through in a batch when the store runs all its transactions for a day or week. A bank will treat a hold exactly like a charge without showing the difference in your balance.
Also happens at restaurants, hotels and rental cars.
And I'd never, ever get a hotel or rental car with a debit card because it is almost impossible to dispute any "extra" fees tacked on. A consumer has much more protection through a good credit card.
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Be nice to Obama voters!
Financial stupidity is not exclusive to members of a particular party.
You're deflecting. Back to the point where you acquiesce and say Dave Ramsey is a effing idiot.
OT: I've always noticed the people who hate "socialism" the most are the people who would obviously reap the most rewards from it.
Are you talking about the Mafia or Politicians/Govt Officials???
OT: I always think its funny that, despite living proof and recent history as evidence, some people think socialism helps the less well off.
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Can you really use a debit card to book a room? I always thought that was a no-no. What a crazy world we live in.
Debit cards work just like a credit card. You can also reserve a rental car with one! *gasp*
And when the pump at the gas station screws up and you have extra charges on your debit card, your actual balance available to pay bills is impacted, whereas you have time to work with your credit card company to resolve the mix up.
When you purchase items on the Internet with a debit card, if something goes wrong, someone is taking money out of your accounts, and you have no money until it gets resolved, whereas you work with your credit card company to resolve the fraudulent charges.
Anyone who tells anyone to not get a credit card is a effing idiot. Therefore, Dave Ramsey is a effing idiot.
If you keep money in your account, then this isn't a big deal.
The problem with using a debit card is there are often holds placed on the account. If you fill up at a gas station they'll often times place a $75 hold when you run the card which goes through immediately and the true amount will go through in a batch when the store runs all its transactions for a day or week. A bank will treat a hold exactly like a charge without showing the difference in your balance.
Also happens at restaurants, hotels and rental cars.
And I'd never, ever get a hotel or rental car with a debit card because it is almost impossible to dispute any "extra" fees tacked on. A consumer has much more protection through a good credit card.
What you've described is illegal. Google Reg E and Reg CC for reference.
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Can you really use a debit card to book a room? I always thought that was a no-no. What a crazy world we live in.
Debit cards work just like a credit card. You can also reserve a rental car with one! *gasp*
And when the pump at the gas station screws up and you have extra charges on your debit card, your actual balance available to pay bills is impacted, whereas you have time to work with your credit card company to resolve the mix up.
When you purchase items on the Internet with a debit card, if something goes wrong, someone is taking money out of your accounts, and you have no money until it gets resolved, whereas you work with your credit card company to resolve the fraudulent charges.
Anyone who tells anyone to not get a credit card is a effing idiot. Therefore, Dave Ramsey is a effing idiot.
If you keep money in your account, then this isn't a big deal.
The problem with using a debit card is there are often holds placed on the account. If you fill up at a gas station they'll often times place a $75 hold when you run the card which goes through immediately and the true amount will go through in a batch when the store runs all its transactions for a day or week. A bank will treat a hold exactly like a charge without showing the difference in your balance.
Also happens at restaurants, hotels and rental cars.
And I'd never, ever get a hotel or rental car with a debit card because it is almost impossible to dispute any "extra" fees tacked on. A consumer has much more protection through a good credit card.
What you've described is illegal. Google Reg E and Reg CC for reference.
you're an idiot, and have proven (once again, in this thread) that you have no idea what you are talking about. there are holds on your debit card all the time, it's not illegal. ask dave ramsey.
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So basically people that use credit cards responsibly and people that don't use credit cards, but spend responsibly, can do okay financially? Who knew. End thread, retards. :goodbyecruelworld:
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Can you really use a debit card to book a room? I always thought that was a no-no. What a crazy world we live in.
Debit cards work just like a credit card. You can also reserve a rental car with one! *gasp*
And when the pump at the gas station screws up and you have extra charges on your debit card, your actual balance available to pay bills is impacted, whereas you have time to work with your credit card company to resolve the mix up.
When you purchase items on the Internet with a debit card, if something goes wrong, someone is taking money out of your accounts, and you have no money until it gets resolved, whereas you work with your credit card company to resolve the fraudulent charges.
Anyone who tells anyone to not get a credit card is a effing idiot. Therefore, Dave Ramsey is a effing idiot.
If you keep money in your account, then this isn't a big deal.
The problem with using a debit card is there are often holds placed on the account. If you fill up at a gas station they'll often times place a $75 hold when you run the card which goes through immediately and the true amount will go through in a batch when the store runs all its transactions for a day or week. A bank will treat a hold exactly like a charge without showing the difference in your balance.
Also happens at restaurants, hotels and rental cars.
And I'd never, ever get a hotel or rental car with a debit card because it is almost impossible to dispute any "extra" fees tacked on. A consumer has much more protection through a good credit card.
What you've described is illegal. Google Reg E and Reg CC for reference.
you're an idiot, and have proven (once again, in this thread) that you have no idea what you are talking about. there are holds on your debit card all the time, it's not illegal. ask dave ramsey.
Unless you jackoffs are talking about placing a hold on the funds you've already spent [in which case, no sh*t] a merchant can't hold more than he's authorized to (max of 5 days). Your bank can place a hold on a deposit, see Reg CC.
I'm guessing you don't know what a hold is, or you're confused by your online bank accounts "pending transactions" section. No worries, you dumbsonofabitch, you'll get me one of these days.
FYI OK_Cat - it's also illegal to kite checks, so knock it off
Also, the keytar is not an instrument
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So basically people that use credit cards responsibly and people that don't use credit cards, but spend responsibly, can do okay financially? Who knew. End thread, retards. :goodbyecruelworld:
:lol:
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Tell all you geniuses what. Why don't one of you call in to his show and ask to debate him about credit cards. If he concedes that you win, I'll not only fund you that $10 for the ticket, but I'll fund you $100 on top of that.
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tell me the guy at least writes some of his own songs.
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Tell all you geniuses what. Why don't one of you call in to his show and ask to debate him about credit cards. If he concedes that you win, I'll not only fund you that $10 for the ticket, but I'll fund you $100 on top of that.
Here's the extent of the conversation:
Me: I use a credit card and keep a low balance that I pay off at the end of the month, every month.
Ramsey: What happens if a scenario occurs where you need to carry a balance.
Me: Then I budget a payoff as quickly as possible.
Wow. Tough convo.
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Tell all you geniuses what. Why don't one of you call in to his show and ask to debate him about credit cards. If he concedes that you win, I'll not only fund you that $10 for the ticket, but I'll fund you $100 on top of that.
Here's the extent of the conversation:
Me: I use a credit card and keep a low balance that I pay off at the end of the month, every month.
Ramsey: What happens if a scenario occurs where you need to carry a balance.
Me: Then I budget a payoff as quickly as possible.
Wow. Tough convo.
Yeah. Not how it would go.
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i'm trying to find some of this guys stuff on youtube but can't. what's the name of his band?
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i'm trying to find some of this guys stuff on youtube but can't. what's the name of his band?
:zzz:
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So basically people that use credit cards responsibly and people that don't use credit cards, but spend responsibly, can do okay financially? Who knew. End thread, retards. :goodbyecruelworld:
:lol:
reminds me of the time this Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) in middle school pissed himself, one kid saw it and exclaimed "Grant you pissed yourself!". Even though we all tried to hold back, slowly everyone started cracking up. The Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) thought someone made a joke and started laughing too, oblivious to the fact he was the subject of the humor. It helped everyone feel less guilty.
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You sound like a real heartless bad person.
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Tell all you geniuses what. Why don't one of you call in to his show and ask to debate him about credit cards. If he concedes that you win, I'll not only fund you that $10 for the ticket, but I'll fund you $100 on top of that.
Here's the extent of the conversation:
Me: I use a credit card and keep a low balance that I pay off at the end of the month, every month.
Ramsey: What happens if a scenario occurs where you need to carry a balance.
Me: Then I budget a payoff as quickly as possible.
Wow. Tough convo.
Yeah. Not how it would go.
No crap. He'd probably put up a lot of talking points about variable interest rates, fine print, etc.
The bottom line is that it's pointless for someone with an 800+ credit score ( :gocho:) to have a conversation with a guy who doesn't like credit. I know how to use credit. I know when to use it, and I know the advantages of having a good score. His message is good for people who don't know how credit works, or they simply get more and use more than they can afford.
Credit, specifically credit cards, helped me out of a couple of jams in my early twenties when I had some medical bills and not a lot of money to my name. It was paid off with minimal impact to me, financially. However, just starting out, I didn't have the kind of money to cover them, and I wasn't about to ask my parents for the cash. So, I used the credit card, paid it off in a couple of months, and that was that.
It's easy to sit there and say credit is bad when you're talking to a bunch of people who don't know how to handle money. It's kind of like a guy who runs AA meetings can sit there and talk about how alcohol is bad to a bunch of alcoholics. Anything that can have that much of an impact on your life must be used responsibly, and if it isn't, it can eff you up. It's easy to screen calls and tell Joe in Tallahassee that it's probably not a good idea to finance an $80,000 camper, or tell Jeff in Kansas that he should pay for stuff on the Internet with his debit card so he doesn't get himself into trouble financially by buying that really sweet Dale Earnhardt memorial futon on eBay.
I guess the bottom line is that people should be educated about personal finance, but in my opinion, they should learn how to use credit to their advantage and not take advice from some backasswards extremist that wants to keep them from it because they might hurt themselves with it. He'd be doing his listeners a greater service by teaching them how to use it wisely instead of telling them to pay it all off and pay for crap with cash. But that would require him to actually explain things to a caller in segments longer than one or two minutes in length and not sound like a dry, sanctimonious ass.
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Jeff in Kansas that he should pay for stuff on the Internet with his debit card so he doesn't get himself into trouble financially by buying that really sweet Dale Earnhardt memorial futon on eBay.
Probably some of the finest BBS'ing ive seen in a long time.
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/thread
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Name me the rich person who says the reason they got rich was because of an 800 credit score (aka "the banks love me because they make a lot of money on me score") and using a credit card.
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Name me the rich person who says the reason they got rich was because of an 800 credit score (aka "the banks love me because they make a lot of money on me score") and using a credit card.
Panjandrum.
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Name me the rich person who says the reason they got rich was because of an 800 credit score (aka "the banks love me because they make a lot of money on me score") and using a credit card.
Panjandrum.
:lol:
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Tell all you geniuses what. Why don't one of you call in to his show and ask to debate him about credit cards. If he concedes that you win, I'll not only fund you that $10 for the ticket, but I'll fund you $100 on top of that.
Here's the extent of the conversation:
Me: I use a credit card and keep a low balance that I pay off at the end of the month, every month.
Ramsey: What happens if a scenario occurs where you need to carry a balance.
Me: Then I budget a payoff as quickly as possible.
Wow. Tough convo.
I like Dave, but his message is too extreme. Panj's is the real world example of what should be done, imo.
I am very close to being out of debt and have used a less extreme approach than what he teaches, but based on similar planning.
Dave's message all comes down to the same reason the credit industry is out of control: people are stupid. CC companies recognize it and give cards to anyone. Dave recognizes it and tells people they just shouldn't have a card because many are too stupid to control them.
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i just purchased $1,100 dollars worth of plane tickets for ten dollars and booked $1250 worth of hotel rooms for free just from getting a couple of credit cards and using them a few times. when you go to ramsey's concert, can you ask him why this was bad for me?
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Name me the rich person who says the reason they got rich was because of an 800 credit score (aka "the banks love me because they make a lot of money on me score") and using a credit card.
It has nothing to do with 'getting rich'. That's the whole problem with 'debt-o-phobes' or people who abuse credit. A credit card does not make you rich. Just because you have $40K in credit at your disposal doesn't mean you have $40K in your pocket. It does mean you have a little insurance in your pocket in the event of an emergency, or a means of payment that can have some rewards attached to them (cash rewards, gift rewards, travel rewards, etc.).
What using a credit card will do, assuming you pay it off at the end of the month (you know...before they start charging interest on your balance), is help you build a credit score that ensures you will get the best rates on mortgages (which Ramsey says you should have) and cars.
It's a pretty nice method of payment assuming you can pay it off at the end of the month with all of the fraud protection, rewards, and other things that can be built into them.
Not acknowledging that is stupid. Quit changing the subject.
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i just purchased $1,100 dollars worth of plane tickets for ten dollars and booked $1250 worth of hotel rooms for free just from getting a couple of credit cards and using them a few times. when you go to ramsey's concert, can you ask him why this was bad for me?
He will say that your tax dollars are paying for it. :lol:
-
Tell all you geniuses what. Why don't one of you call in to his show and ask to debate him about credit cards. If he concedes that you win, I'll not only fund you that $10 for the ticket, but I'll fund you $100 on top of that.
Here's the extent of the conversation:
Me: I use a credit card and keep a low balance that I pay off at the end of the month, every month.
Ramsey: What happens if a scenario occurs where you need to carry a balance.
Me: Then I budget a payoff as quickly as possible.
Wow. Tough convo.
I like Dave, but his message is too extreme. Panj's is the real world example of what should be done, imo.
I am very close to being out of debt and have used a less extreme approach than what he teaches, but based on similar planning.
Dave's message all comes down to the same reason the credit industry is out of control: people are stupid. CC companies recognize it and give cards to anyone. Dave recognizes it and tells people they just shouldn't have a card because many are too stupid to control them.
In less than a year's time, the only debt to my name will be a mortgage. Cars will be paid off, student loans will be paid off, etc. We do not carry balances on our credit cards, so that's not a problem.
Not having a bunch of debt is a good thing. Having manageable debt, and knowing how to use it, can help you obtain assets (a home, education) that will ultimately be worth equity and net worth down the road.
-
Tell all you geniuses what. Why don't one of you call in to his show and ask to debate him about credit cards. If he concedes that you win, I'll not only fund you that $10 for the ticket, but I'll fund you $100 on top of that.
Here's the extent of the conversation:
Me: I use a credit card and keep a low balance that I pay off at the end of the month, every month.
Ramsey: What happens if a scenario occurs where you need to carry a balance.
Me: Then I budget a payoff as quickly as possible.
Wow. Tough convo.
I like Dave, but his message is too extreme. Panj's is the real world example of what should be done, imo.
I am very close to being out of debt and have used a less extreme approach than what he teaches, but based on similar planning.
Dave's message all comes down to the same reason the credit industry is out of control: people are stupid. CC companies recognize it and give cards to anyone. Dave recognizes it and tells people they just shouldn't have a card because many are too stupid to control them.
In less than a year's time, the only debt to my name will be a mortgage. Cars will be paid off, student loans will be paid off, etc. We do not carry balances on our credit cards, so that's not a problem.
Not having a bunch of debt is a good thing. Having manageable debt, and knowing how to use it, can help you obtain assets (a home, education) that will ultimately be worth equity and net worth down the road.
meh. who really cares though. i have car debt, student loan debt (a lot) and a mortgage. i also pay on them pretty easily and still have money left over to do pretty much whatever i want. who cares about debt? not me. not me at all. can someone tell me why i should care about this?
-
Dave's message all comes down to the same reason the credit industry is out of control: people are stupid. CC companies recognize it and give cards to anyone. Dave recognizes it and tells people they just shouldn't have a card because many are too stupid to control them.
I find it highly ironic that Dave Ramsey had a show on Fox Business (which was canceled) saying that the credit industry is out of control (because of bipartisan deregulation of the banking industry), when a lot of those who espouse the truth of Dave Ramsey will most likely tell you that the regulation of the banking industry is socialist and an affront to capitalism.
The most basic fix to this issue, and it was alluded to earlier in the thread, is to have tighter regulations and restrictions on obtaining credit, and when you do, ensuring that lenders engage in transparent and non-predatory lending practices.
You can't tell stupid people not to have credit. It's extremely difficult in this society to be prosperous in this system without obtaining it. What you can do is to tell them they can't have that much so as not to destroy their financial well being.
-
Tell all you geniuses what. Why don't one of you call in to his show and ask to debate him about credit cards. If he concedes that you win, I'll not only fund you that $10 for the ticket, but I'll fund you $100 on top of that.
Here's the extent of the conversation:
Me: I use a credit card and keep a low balance that I pay off at the end of the month, every month.
Ramsey: What happens if a scenario occurs where you need to carry a balance.
Me: Then I budget a payoff as quickly as possible.
Wow. Tough convo.
I like Dave, but his message is too extreme. Panj's is the real world example of what should be done, imo.
I am very close to being out of debt and have used a less extreme approach than what he teaches, but based on similar planning.
Dave's message all comes down to the same reason the credit industry is out of control: people are stupid. CC companies recognize it and give cards to anyone. Dave recognizes it and tells people they just shouldn't have a card because many are too stupid to control them.
In less than a year's time, the only debt to my name will be a mortgage. Cars will be paid off, student loans will be paid off, etc. We do not carry balances on our credit cards, so that's not a problem.
Not having a bunch of debt is a good thing. Having manageable debt, and knowing how to use it, can help you obtain assets (a home, education) that will ultimately be worth equity and net worth down the road.
meh. who really cares though. i have car debt, student loan debt (a lot) and a mortgage. i also pay on them pretty easily and still have money left over to do pretty much whatever i want. who cares about debt? not me. not me at all. can someone tell me why i should care about this?
Paraphrasing Dave Ramsey, but he does say things like Jesus wouldn't owe money to people.
-
Paraphrasing Dave Ramsey, but he does say things like Jesus wouldn't owe money to people.
If this is true, his target audience is actually really stupid and does need to listen to his message.
-
Paraphrasing Dave Ramsey, but he does say things like Jesus wouldn't owe money to people.
If this is true, his target audience is actually really stupid and does need to listen to his message.
I used to listen to his radio broadcast sometimes just for laughs. What you described is pretty accurate - a dumbass hillbilly would call in asking what to do. Dave Ramsey would ask what debt they had, they would usually say anywhere between $10-$50 grand, and it generally always included a boat, multiple cars, a camper, etc. He would say things like what I said above, how a true Christian shouldn't owe money to debtors, and credit cards are Satans way of tempting them. To each his own, but I believe that factors heavily in to his appeal.
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He would say things like what I said above, how a true Christian shouldn't owe money to debtors, and credit cards are Satans way of tempting them.
:dubious:
I have less faith in humanity with each passing day.
-
Dave's message all comes down to the same reason the credit industry is out of control: people are stupid. CC companies recognize it and give cards to anyone. Dave recognizes it and tells people they just shouldn't have a card because many are too stupid to control them.
I find it highly ironic that Dave Ramsey had a show on Fox Business (which was canceled) saying that the credit industry is out of control (because of bipartisan deregulation of the banking industry), when a lot of those who espouse the truth of Dave Ramsey will most likely tell you that the regulation of the banking industry is socialist and an affront to capitalism.
The most basic fix to this issue, and it was alluded to earlier in the thread, is to have tighter regulations and restrictions on obtaining credit, and when you do, ensuring that lenders engage in transparent and non-predatory lending practices.
You can't tell stupid people not to have credit. It's extremely difficult in this society to be prosperous in this system without obtaining it. What you can do is to tell them they can't have that much so as not to destroy their financial well being.
Dave is an equal opportunity hater on all things political. He constantly hates on all gov spending for many reasons. I think his show may have just fit part of their demo without hitting the other part.
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Name me the rich person who says the reason they got rich was because of an 800 credit score (aka "the banks love me because they make a lot of money on me score") and using a credit card.
Virtually every self-made rich person? You can't turn a few thousand into millions or millions into billions very easily without using leverage. In fact it's what modern banking is built on, ideally.
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Paraphrasing Dave Ramsey, but he does say things like Jesus wouldn't owe money to people.
If this is true, his target audience is actually really stupid and does need to listen to his message.
I used to listen to his radio broadcast sometimes just for laughs. What you described is pretty accurate - a dumbass hillbilly would call in asking what to do. Dave Ramsey would ask what debt they had, they would usually say anywhere between $10-$50 grand, and it generally always included a boat, multiple cars, a camper, etc. He would say things like what I said above, how a true Christian shouldn't owe money to debtors, and credit cards are Satans way of tempting them. To each his own, but I believe that factors heavily in to his appeal.
Apparently you didn't listen very close. Does he use scriptural references? Yes, sometimes. Then he gives hard numbers, facts and statistics.
-
Tell all you geniuses what. Why don't one of you call in to his show and ask to debate him about credit cards. If he concedes that you win, I'll not only fund you that $10 for the ticket, but I'll fund you $100 on top of that.
Here's the extent of the conversation:
Me: I use a credit card and keep a low balance that I pay off at the end of the month, every month.
Ramsey: What happens if a scenario occurs where you need to carry a balance.
Me: Then I budget a payoff as quickly as possible.
Wow. Tough convo.
I like Dave, but his message is too extreme. Panj's is the real world example of what should be done, imo.
I am very close to being out of debt and have used a less extreme approach than what he teaches, but based on similar planning.
Dave's message all comes down to the same reason the credit industry is out of control: people are stupid. CC companies recognize it and give cards to anyone. Dave recognizes it and tells people they just shouldn't have a card because many are too stupid to control them.
In less than a year's time, the only debt to my name will be a mortgage. Cars will be paid off, student loans will be paid off, etc. We do not carry balances on our credit cards, so that's not a problem.
Not having a bunch of debt is a good thing. Having manageable debt, and knowing how to use it, can help you obtain assets (a home, education) that will ultimately be worth equity and net worth down the road.
meh. who really cares though. i have car debt, student loan debt (a lot) and a mortgage. i also pay on them pretty easily and still have money left over to do pretty much whatever i want. who cares about debt? not me. not me at all. can someone tell me why i should care about this?
If you took an average monthly car payment, and instead of having interest tacked onto it, put it into a mutual fund that averages 12% (average track record over the last 40 years for a decent fund) from age 40 to age 70, you will have over $5.5 million. Even at age 60, its still prob $3-4 million.
Enjoy the car!
-
Paraphrasing Dave Ramsey, but he does say things like Jesus wouldn't owe money to people.
If this is true, his target audience is actually really stupid and does need to listen to his message.
I used to listen to his radio broadcast sometimes just for laughs. What you described is pretty accurate - a dumbass hillbilly would call in asking what to do. Dave Ramsey would ask what debt they had, they would usually say anywhere between $10-$50 grand, and it generally always included a boat, multiple cars, a camper, etc. He would say things like what I said above, how a true Christian shouldn't owe money to debtors, and credit cards are Satans way of tempting them. To each his own, but I believe that factors heavily in to his appeal.
Apparently you didn't listen very close. Does he use scriptural references? Yes, sometimes. Then he gives hard numbers, facts and statistics.
Are you denying he said those things?
-
Tell all you geniuses what. Why don't one of you call in to his show and ask to debate him about credit cards. If he concedes that you win, I'll not only fund you that $10 for the ticket, but I'll fund you $100 on top of that.
Here's the extent of the conversation:
Me: I use a credit card and keep a low balance that I pay off at the end of the month, every month.
Ramsey: What happens if a scenario occurs where you need to carry a balance.
Me: Then I budget a payoff as quickly as possible.
Wow. Tough convo.
I like Dave, but his message is too extreme. Panj's is the real world example of what should be done, imo.
I am very close to being out of debt and have used a less extreme approach than what he teaches, but based on similar planning.
Dave's message all comes down to the same reason the credit industry is out of control: people are stupid. CC companies recognize it and give cards to anyone. Dave recognizes it and tells people they just shouldn't have a card because many are too stupid to control them.
In less than a year's time, the only debt to my name will be a mortgage. Cars will be paid off, student loans will be paid off, etc. We do not carry balances on our credit cards, so that's not a problem.
Not having a bunch of debt is a good thing. Having manageable debt, and knowing how to use it, can help you obtain assets (a home, education) that will ultimately be worth equity and net worth down the road.
meh. who really cares though. i have car debt, student loan debt (a lot) and a mortgage. i also pay on them pretty easily and still have money left over to do pretty much whatever i want. who cares about debt? not me. not me at all. can someone tell me why i should care about this?
If you took an average monthly car payment, and instead of having interest tacked onto it, put it into a mutual fund that averages 12% (average track record over the last 40 years for a decent fund) from age 40 to age 70, you will have over $5.5 million. Even at age 60, its still prob $3-4 million.
Enjoy the car!
well i do enjoy driving and i don't even know that i'll live to 70 and i'm already saving enough for retirement based on numerous retirement calculators so...ok. :dunno:
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a mutual fund that averages 12% (average track record over the last 40 years for a decent fund)
:lol:
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Wait, so Jesus is going to call me out on the CC bonuses when I get to heaven? SD DID NOT MENTION!!!! :angry:
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If you took an average monthly car payment, and instead of having interest tacked onto it, put it into a mutual fund that averages 12% (average track record over the last 40 years for a decent fund) from age 40 to age 70, you will have over $5.5 million. Even at age 60, its still prob $3-4 million.
Enjoy the car!
This is such a stupid talking point.
You know what? If I stopped paying for cable every month, and I put that into a good mutual fund, I'd probably have X million over 30-40 years.
If I stopped eating out for 30-40 years and put that money in a good mutual fund, I'd probably have X million over 30-40 years.
If lived insanely below my means and saved the remainder and invested it for 30-40 years, I'd have X million by the time I'm 70.
Do you know what I wouldn't have by the time I'm 70 if I'm focused on hyper-saving? A life.
Buying cars is not hard. You can usually negotiate a good rate or go at a time they're running a good deal. People with great credit ( :gocho:) can get a 1.9% rate on a car, which wouldn't amount to anything. I'd be better off getting the cash back deal.
Here's the secret to buying a car. Take some test drives and find the car you want. Go between 12/25 and 1/1. Go to edmunds.com and submit a request for multiple quotes at one time. Get in contact with three or four dealers. Make them bid against each other. You'll end up paying invoice or less for the car. Make sure that you went online and got qualified for the lowest rate you can find on lending tree or bankrate.com. Take that preapproval to the dealership. Negotiate with their finance people to get a lower rate because Honda American Finance (for instance) would rather take your 1.7% than 0%.
This. Is. Not. Hard. People like Dave Ramsey use stupid talking points and references to Jesus to scare people into not using debt financing, which, if used properly, can have minimal impact on your financial life if you do it right.
I mean, for God's sakes, I had my lender pay me to drop my mortgage rate %1.625. They sent me a check for $200 after it was over. This isn't rocket science. The extent of my education is basically reading Money magazine.
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If you took an average monthly car payment, and instead of having interest tacked onto it, put it into a mutual fund that averages 12% (average track record over the last 40 years for a decent fund) from age 40 to age 70, you will have over $5.5 million. Even at age 60, its still prob $3-4 million.
Enjoy the car!
This is such a stupid talking point.
You know what? If I stopped paying for cable every month, and I put that into a good mutual fund, I'd probably have X million over 30-40 years.
If I stopped eating out for 30-40 years and put that money in a good mutual fund, I'd probably have X million over 30-40 years.
If lived insanely below my means and saved the remainder and invested it for 30-40 years, I'd have X million by the time I'm 70.
Do you know what I wouldn't have by the time I'm 70 if I'm focused on hyper-saving? A life.
This.
But I don't blame DS for his viewpoint, most Mexicans have the same POV. :dunno:
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This thread is a microcosm of politics/society. There is a group that does whatever it wants, whenever it wants, because it "feels good." If someone disagrees with that path, they are mocked, called stupid, retards, or idiots. Their way is the only way. Innuendo, not facts, are the method of disseminating their point. The other side says, "Hey, here's another way. A way that has proven to work. Now here's some facts." No name-calling, just the facts, ma'am.
Its not a surprise that many of you are statists. Many of you are apparently very well adept at chasing advertising propaganda. What's in your wallet?
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This thread is a microcosm of politics/society. There is a group that does whatever it wants, whenever it wants, because it "feels good." If someone disagrees with that path, they are mocked, called stupid, retards, or idiots. Their way is the only way. Innuendo, not facts, are the method of disseminating their point. The other side says, "Hey, here's another way. A way that has proven to work. Now here's some facts." No name-calling, just the facts, ma'am.
Its not a surprise that many of you are statists. Many of you are apparently very well adept at chasing advertising propaganda. What's in your wallet?
:dubious:
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2FgoEMAW.com%2Fforum%2FSmileys%2FgoEMAW%2Ficon44.gif&hash=0dd20175d5030354a02d61a3bc4fa7d3eeac8a9d)
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2FgoEMAW.com%2Fforum%2FSmileys%2FgoEMAW%2Ficon44.gif&hash=0dd20175d5030354a02d61a3bc4fa7d3eeac8a9d)
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The other side says, "Hey, here's another way. A way that has proven to work. Now here's some facts." No name-calling, just the facts, ma'am.
What facts have you provided? :ck:
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The other side says, "Hey, here's another way. A way that has proven to work. Now here's some facts." No name-calling, just the facts, ma'am.
What facts have you provided? :ck:
What? Can't you read? Or are you waiting for the gubmint to provide you a summary?
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The other side says, "Hey, here's another way. A way that has proven to work. Now here's some facts." No name-calling, just the facts, ma'am.
What facts have you provided? :ck:
What? Can't you read? Or are you waiting for the gubmint to provide you a summary?
Your mutual fund return anecdote was a lie.
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The other side says, "Hey, here's another way. A way that has proven to work. Now here's some facts." No name-calling, just the facts, ma'am.
What facts have you provided? :ck:
What? Can't you read? Or are you waiting for the gubmint to provide you a summary?
Your mutual fund return anecdote was a lie.
Yeah. I would love to know what fund would avg 12%. If it exists, PM please.
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unsupported rants? check!
off to the Birther Pit!
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The other side says, "Hey, here's another way. A way that has proven to work. Now here's some facts." No name-calling, just the facts, ma'am.
What facts have you provided? :ck:
What? Can't you read? Or are you waiting for the gubmint to provide you a summary?
Your mutual fund return anecdote was a lie.
Yeah. I would love to know what fund would avg 12%. If it exists, PM please.
Even if you had the magical 12% fund, you would have to put in 1600/month (into a tax-free account) to get to $5.5 million in 30 years:
http://cgi.money.cnn.com/tools/savingscalc/savingscalc.html
According to this site, the average car payment is $378/month (it even looked like DS stole a line from this blog and just changed the numbers):
The average car payment is $378 over 63 months. I tend to work with people whose car payment is over $500 per month. Let’s say that you invested $378 every month, instead of making car payments from age 30 to age 65 (35 years). If you average a rate of return of 12 percent (which is doable), your money will grow to $2.4 million. Do you still want the car?
http://www.finalcall.com/artman/publish/article_2267.shtml
I mean, I don't have a car payment and hope to never have one again, but Sanchez is just pulling numbers out of his ass. I take more issue with the lies and stupidity than his stance against auto financing.
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only 2.4 million dollars??? pffft, that totally changes his point :rolleyes:
Nice Catch!
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Here's a list of the first 20 funds that popped up when I used my brokerage account's mutual fund screener that have returned over 12% since inception, there were lots more:
TWCGX American Century Growth Inv
ARTKX Artisan International Value In...
CHTTX Aston/Optimum Mid Cap N
BGRFX Baron Growth Retail
BURKX Burnham Financial Services A
CVTRX Calamos Growth & Income A
CTVAX Catalyst Value A
CHNAX Clough China A
CSRSX Cohen & Steers Realty Shares
SLMCX Columbia Seligman Comms & Info...
CBLFX CornerCap Balanced
DREGX Driehaus Emerging Markets Grow...
FBRVX FBR Focus Investor
FMIOX FMI Focus
GABAX Gabelli Asset AAA
GABSX Gabelli Small Cap Growth AAA
HIINX Harbor International Inv
HLEMX Harding Loevner Emerging Marke...
HFEAX Henderson European Focus A
ICENX ICON Energy S
12% growth for small cap funds (aka growth funds) has been a pretty traditional "rule of thumb" in financial planning for quite awhile. While 12% may seem like a pipe dream these last 3 years, prior to that, it was considered practical. The Russell 2000 is a standard benchmark for this. In the last 10 years its up about 75%. I bet if you went back 40 it would average around 12% per year. (this last paragraph is meant to be very much "no crap, everyone knows that", but after reading the last few comments I'm not sure it is)
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mythcat pwned again.
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Here's a list of the first 20 funds that popped up when I used my brokerage account's mutual fund screener that have returned over 12% since inception, there were lots more:
TWCGX American Century Growth Inv
ARTKX Artisan International Value In...
CHTTX Aston/Optimum Mid Cap N
BGRFX Baron Growth Retail
BURKX Burnham Financial Services A
CVTRX Calamos Growth & Income A
CTVAX Catalyst Value A
CHNAX Clough China A
CSRSX Cohen & Steers Realty Shares
SLMCX Columbia Seligman Comms & Info...
CBLFX CornerCap Balanced
DREGX Driehaus Emerging Markets Grow...
FBRVX FBR Focus Investor
FMIOX FMI Focus
GABAX Gabelli Asset AAA
GABSX Gabelli Small Cap Growth AAA
HIINX Harbor International Inv
HLEMX Harding Loevner Emerging Marke...
HFEAX Henderson European Focus A
ICENX ICON Energy S
12% growth for small cap funds (aka growth funds) has been a pretty traditional "rule of thumb" in financial planning for quite awhile. While 12% may seem like a pipe dream these last 3 years, prior to that, it was considered practical. The Russell 2000 is a standard benchmark for this. In the last 10 years its up about 75%. I bet if you went back 40 it would average around 12% per year. (this last paragraph is meant to be very much "no crap, everyone knows that", but after reading the last few comments I'm not sure it is)
Hey, dumbass. None of those funds you listed generated a 12% return over 30 years when you include management fees. And even if they had, you wouldn't have known to pick them 30 years ago.
But hey, your precious Russell 2000 has brought in a whole 6.3% since 2000.
http://us.ishares.com/product_info/fund/overview/IWM.htm
:lol:
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Hey, MythCat
lol, I guess all those funds that return 12% or more are fictional then. lol, at you changing the timeline to "since 2000". lol at you not knowing the difference between an ETF and the Russell 2000 index. how pathetic.
Sincerely,
The Real Sugar Dick
P.S.
I hope for your sake nobody read the last few dozen posts in this thread, your pal, SD
And even if they had, you wouldn't have known to pick them 30 years ago.
:facepalm:
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Offer has expired.
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goys really shouldn't be allowed to have money.
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The other side says, "Hey, here's another way. A way that has proven to work. Now here's some facts." No name-calling, just the facts, ma'am.
What facts have you provided? :ck:
What? Can't you read? Or are you waiting for the gubmint to provide you a summary?
Your mutual fund return anecdote was a lie.
Yeah. I would love to know what fund would avg 12%. If it exists, PM please.
Here's a list of funds that have made over 15% over the last 10 years.
http://screener.fidelity.com/ftgw/evaluator/mf/goto/search?&assetClass=All%20Asset%20Classes&fundPref=Open&fundPref=NTF&fundPref=NL&perf10yr=10tomax&er=minto1.00&rtng=ON&sd=ON&sharpe=ON&beta=ON&mgrTnr=ON&asset=ON&etr=ON&ad=ON&amt=ON
I wish you would have posted that 10 years ago.
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Hey, MythCat
lol, I guess all those funds that return 12% or more are fictional then. lol, at you changing the timeline to "since 2000". lol at you not knowing the difference between an ETF and the Russell 2000 index. how pathetic.
Sincerely,
The Real Sugar Dick
P.S.
I hope for your sake nobody read the last few dozen posts in this thread, your pal, SD
And even if they had, you wouldn't have known to pick them 30 years ago.
:facepalm:
Over the last 30 years, it's returned 10.9%
http://financeandinvestments.blogspot.com/2011/01/1980-2010-stock-market-returns-for.html
congrats. :lol:
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Couple of things...
Both of you are right. There are funds with a 12%+ return. I have a couple in my 401k. However, you can never assume that rate of return will be valid for the long haul. You also can't expect them to have that value when you'd like to pull them out. And Mich is completely right about management fees. Also, Ramsey's numbers don't take capital gains into account, taxes on dividends, etc. It's a nice big, fat number that grabs your attention, but it's not the 'real' number.
Also, to put the stupid car issue to bed once and for all, if Dave Ramsey says that you can invest your entire car payment, can someone please explain to me how people are supposed to buy cars? Are we all supposed to ride the bus or bike to work? It doesn't matter if you pay for it all in cash up front, or if you pay for it in 48 payments, the only difference is what you pay in interest. And a lot of times, if you have good credit and get a good promotional deal, you're talking about $2000 or less during the life of the loan. Spread out over 48 payments, you're looking at a whopping $41 dollars a month that you could be investing. That isn't going to amount to millions over 30-40 years.
This is NOT about some political leaning. This is about Ramsey's extremist views about debt avoidance, and how they're illogical, sometimes factually inaccurate, and how he uses religion to give validity to opinions that are potentially preventing people from actually using debt to obtain financial security.
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goys really shouldn't be allowed to have money.
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fwww.trade2win.com%2Fboards%2Fattachments%2Fgeneral-trading-chat%2F98756d1293667204-rockwell-trading-borat1.jpg&hash=205d8d5092c6cf149017db39a660ef427126f324)
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The other side says, "Hey, here's another way. A way that has proven to work. Now here's some facts." No name-calling, just the facts, ma'am.
What facts have you provided? :ck:
What? Can't you read? Or are you waiting for the gubmint to provide you a summary?
Your mutual fund return anecdote was a lie.
Yeah. I would love to know what fund would avg 12%. If it exists, PM please.
Here's a list of funds that have made over 15% over the last 10 years.
http://screener.fidelity.com/ftgw/evaluator/mf/goto/search?&assetClass=All%20Asset%20Classes&fundPref=Open&fundPref=NTF&fundPref=NL&perf10yr=10tomax&er=minto1.00&rtng=ON&sd=ON&sharpe=ON&beta=ON&mgrTnr=ON&asset=ON&etr=ON&ad=ON&amt=ON
I wish you would have posted that 10 years ago.
But hey, that's 15 out of a possible 271 funds. That's easy. I'm sure the odds get even better when you go beyond 10 years.
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Hey, MythCat
lol, I guess all those funds that return 12% or more are fictional then. lol, at you changing the timeline to "since 2000". lol at you not knowing the difference between an ETF and the Russell 2000 index. how pathetic.
Sincerely,
The Real Sugar Dick
P.S.
I hope for your sake nobody read the last few dozen posts in this thread, your pal, SD
And even if they had, you wouldn't have known to pick them 30 years ago.
:facepalm:
Over the last 30 years, it's returned 10.9%
http://financeandinvestments.blogspot.com/2011/01/1980-2010-stock-market-returns-for.html
congrats. :lol:
man that 12% rule of thumb is waaaaayyyyy off, especially considering the meltdown of the last 3 years. No way that ever gets back to 12%, NO WAY
Dude, you were wrong and you're still wrong. Just because you don't know dick about investing doesn't make you a bad person, it just means you'd probably benefit most from Dave Ramsey. Give it up this little fight, you're flailing and you look like an idiot.
FYI - management fees in an index fund will run you about .3% (see Vanguard). In a normal managed fund 0.5-2%. Not really destroying those returns, espcially for the the managed funds that beat their benchmark on a regular basis (Peter Lynch did it for like 15 years in a row). I can't believe I'm having to explain this . . . :facepalm:
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Offer has expired.
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man that 12% rule of thumb is waaaaayyyyy off, especially considering the meltdown of the last 3 years. No way that ever gets back to 12%, NO WAY
there will always be downturns. And dropping from 12% to 11% and using a real car payment drops dirty sanchez's little fantasy nest egg from 5.5 million to barely $1 million. But hey, no big deal.
FYI - management fees in an index fund will run you about .3% (see Vanguard). In a normal managed fund 0.5-2%. Not really destroying those returns, espcially for the the managed funds that beat their benchmark on a regular basis (Peter Lynch did it for like 15 years in a row). I can't believe I'm having to explain this . . . :facepalm:
I actually only invest in Vanguard funds. They're great, but expecting or assuming 12% returns over 30+ years, even with the minimal mgmt fees, is stupid.
And yeah, tons of Peter Lynches out there. AND THEY'RE SO EASY TO FIND!!!
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The other side says, "Hey, here's another way. A way that has proven to work. Now here's some facts." No name-calling, just the facts, ma'am.
What facts have you provided? :ck:
What? Can't you read? Or are you waiting for the gubmint to provide you a summary?
Your mutual fund return anecdote was a lie.
Yeah. I would love to know what fund would avg 12%. If it exists, PM please.
Here's a list of funds that have made over 15% over the last 10 years.
http://screener.fidelity.com/ftgw/evaluator/mf/goto/search?&assetClass=All%20Asset%20Classes&fundPref=Open&fundPref=NTF&fundPref=NL&perf10yr=10tomax&er=minto1.00&rtng=ON&sd=ON&sharpe=ON&beta=ON&mgrTnr=ON&asset=ON&etr=ON&ad=ON&amt=ON
I wish you would have posted that 10 years ago.
But hey, that's 15 out of a possible 271 funds. That's easy. I'm sure the odds get even better when you go beyond 10 years.
I guess you were right. There are no funds that earn 12%. They don't exist. Anyone that says otherwise is a liar.
:slowclap:
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man that 12% rule of thumb is waaaaayyyyy off, especially considering the meltdown of the last 3 years. No way that ever gets back to 12%, NO WAY
there will always be downturns. And dropping from 12% to 11% and using a real car payment drops dirty sanchez's little fantasy nest egg from 5.5 million to barely $1 million. But hey, no big deal.
FYI - management fees in an index fund will run you about .3% (see Vanguard). In a normal managed fund 0.5-2%. Not really destroying those returns, espcially for the the managed funds that beat their benchmark on a regular basis (Peter Lynch did it for like 15 years in a row). I can't believe I'm having to explain this . . . :facepalm:
I actually only invest in Vanguard funds. They're great, but expecting or assuming 12% returns over 30+ years, even with the minimal mgmt fees, is stupid.
And yeah, tons of Peter Lynches out there. AND THEY'RE SO EASY TO FIND!!!
In sum, you were wrong
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maybe instead of arguing over all this stupid crap, we should start an investment thread
dunno, might be too dorky/elitist for goEMAW
:ck:
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man that 12% rule of thumb is waaaaayyyyy off, especially considering the meltdown of the last 3 years. No way that ever gets back to 12%, NO WAY
there will always be downturns. And dropping from 12% to 11% and using a real car payment drops dirty sanchez's little fantasy nest egg from 5.5 million to barely $1 million. But hey, no big deal.
FYI - management fees in an index fund will run you about .3% (see Vanguard). In a normal managed fund 0.5-2%. Not really destroying those returns, espcially for the the managed funds that beat their benchmark on a regular basis (Peter Lynch did it for like 15 years in a row). I can't believe I'm having to explain this . . . :facepalm:
I actually only invest in Vanguard funds. They're great, but expecting or assuming 12% returns over 30+ years, even with the minimal mgmt fees, is stupid.
And yeah, tons of Peter Lynches out there. AND THEY'RE SO EASY TO FIND!!!
In sum, you were wrong
I wasn't wrong about anything. You set up a lot of strawmen that you couldn't even back up with real numbers. It was a nice attempt to divert attention from Dirty Sanchez making up bullshit and trying to pass it off as "fact", but it failed.
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Couple of things...
Both of you are right. There are funds with a 12%+ return. I have a couple in my 401k. However, you can never assume that rate of return will be valid for the long haul. You also can't expect them to have that value when you'd like to pull them out. And Mich is completely right about management fees. Also, Ramsey's numbers don't take capital gains into account, taxes on dividends, etc. It's a nice big, fat number that grabs your attention, but it's not the 'real' number.
Also, to put the stupid car issue to bed once and for all, if Dave Ramsey says that you can invest your entire car payment, can someone please explain to me how people are supposed to buy cars? Are we all supposed to ride the bus or bike to work? It doesn't matter if you pay for it all in cash up front, or if you pay for it in 48 payments, the only difference is what you pay in interest. And a lot of times, if you have good credit and get a good promotional deal, you're talking about $2000 or less during the life of the loan. Spread out over 48 payments, you're looking at a whopping $41 dollars a month that you could be investing. That isn't going to amount to millions over 30-40 years.
This is NOT about some political leaning. This is about Ramsey's extremist views about debt avoidance, and how they're illogical, sometimes factually inaccurate, and how he uses religion to give validity to opinions that are potentially preventing people from actually using debt to obtain financial security.
I put money every month into my vehicle replacement fund. It's not earning much interest, since it's savings, not investment, but there won't be any interest on my next vehicle either.
Okay, that's fine. But, again, that's not what has been discussed. They're saying that if you put all of that money into a mutual fund, you'd make millions, which gives you no money to actually buy a car.
Having a vehicle replacement fund in lieu of a car payment is a good idea. Nothing to debate there. Also, buying certified used cars are a much better investment than buying new.
However...if you've responsibly built credit, the difference between your move and my move is about forty bucks a month. Which equals about $15K over 30 years (with no interest). That's not really significant in the grand scheme of things.
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man that 12% rule of thumb is waaaaayyyyy off, especially considering the meltdown of the last 3 years. No way that ever gets back to 12%, NO WAY
there will always be downturns. And dropping from 12% to 11% and using a real car payment drops dirty sanchez's little fantasy nest egg from 5.5 million to barely $1 million. But hey, no big deal.
FYI - management fees in an index fund will run you about .3% (see Vanguard). In a normal managed fund 0.5-2%. Not really destroying those returns, espcially for the the managed funds that beat their benchmark on a regular basis (Peter Lynch did it for like 15 years in a row). I can't believe I'm having to explain this . . . :facepalm:
I actually only invest in Vanguard funds. They're great, but expecting or assuming 12% returns over 30+ years, even with the minimal mgmt fees, is stupid.
And yeah, tons of Peter Lynches out there. AND THEY'RE SO EASY TO FIND!!!
In sum, you were wrong
I wasn't wrong about anything. You set up a lot of strawmen that you couldn't even back up with real numbers. It was a nice attempt to divert attention from Dirty Sanchez making up bullcac and trying to pass it off as "fact", but it failed.
Not even the 12% mutual fund over the last 40 years???
I DON'T USE STRAWMEN, AND NOBODY ON THIS BOARD KNOWS WHAT THAT MEANS ANYWAYS
I'll concede DS embellished, but his point is valid. If you saved a car payment every month for the next 30-40 years, you'd have a pot of cash at the end.
$378 at 12% per year, compounded monthly for 40 years is $4.5 million 30 years $1.3 million
$378 at 10% per year, compounded monthly for 40 years is $2.3 million 30 years $0.9 million
Not exactly chump change, probably enough to send a grand kid to college in 2050 (of course a car payment isn't going to be $378 in 20 years either, somethin' to think about)
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Isn't Pan right though? Whether you divert the funds before you buy the car, or after you still aren't investing it. You are buying a depreciating asset.
There is no such thing as a free car.
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man that 12% rule of thumb is waaaaayyyyy off, especially considering the meltdown of the last 3 years. No way that ever gets back to 12%, NO WAY
there will always be downturns. And dropping from 12% to 11% and using a real car payment drops dirty sanchez's little fantasy nest egg from 5.5 million to barely $1 million. But hey, no big deal.
FYI - management fees in an index fund will run you about .3% (see Vanguard). In a normal managed fund 0.5-2%. Not really destroying those returns, espcially for the the managed funds that beat their benchmark on a regular basis (Peter Lynch did it for like 15 years in a row). I can't believe I'm having to explain this . . . :facepalm:
I actually only invest in Vanguard funds. They're great, but expecting or assuming 12% returns over 30+ years, even with the minimal mgmt fees, is stupid.
And yeah, tons of Peter Lynches out there. AND THEY'RE SO EASY TO FIND!!!
In sum, you were wrong
I wasn't wrong about anything. You set up a lot of strawmen that you couldn't even back up with real numbers. It was a nice attempt to divert attention from Dirty Sanchez making up bullcac and trying to pass it off as "fact", but it failed.
Not even the 12% mutual fund over the last 40 years???
I DON'T USE STRAWMEN, AND NOBODY ON THIS BOARD KNOWS WHAT THAT MEANS ANYWAYS
I'll concede DS embellished, but his point is valid. If you saved a car payment every month for the next 30-40 years, you'd have a pot of cash at the end.
$378 at 12% per year, compounded monthly for 40 years is $4.5 million 30 years $1.3 million
$378 at 10% per year, compounded monthly for 40 years is $2.3 million 30 years $0.9 million
Not exactly chump change, probably enough to send a grand kid to college in 2050 (of course a car payment isn't going to be $378 in 20 years either, somethin' to think about)
Not embellished, just mixed up a couple of numbers off the top of my head. Wasn't sitting around with a calculator or anything.
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Isn't Pan right though? Whether you divert the funds before you buy the car, or after you still aren't investing it. You are buying a depreciating asset.
There is no such thing as a free car.
Every single bit of discussion around millions of dollars, compounding interest, etc. means absolutely nothing because the numbers being thrown around aren't applicable to the situation.
Unless you choose not to buy a car period, the amount of money we're throwing around isn't even nearly as high as what's been discussed. It's a fraction.
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How does all this work in regards to corporate jets?
LSOC, I think we might've mumped up big-time. :ohno:
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man that 12% rule of thumb is waaaaayyyyy off, especially considering the meltdown of the last 3 years. No way that ever gets back to 12%, NO WAY
there will always be downturns. And dropping from 12% to 11% and using a real car payment drops dirty sanchez's little fantasy nest egg from 5.5 million to barely $1 million. But hey, no big deal.
FYI - management fees in an index fund will run you about .3% (see Vanguard). In a normal managed fund 0.5-2%. Not really destroying those returns, espcially for the the managed funds that beat their benchmark on a regular basis (Peter Lynch did it for like 15 years in a row). I can't believe I'm having to explain this . . . :facepalm:
I actually only invest in Vanguard funds. They're great, but expecting or assuming 12% returns over 30+ years, even with the minimal mgmt fees, is stupid.
And yeah, tons of Peter Lynches out there. AND THEY'RE SO EASY TO FIND!!!
In sum, you were wrong
I wasn't wrong about anything. You set up a lot of strawmen that you couldn't even back up with real numbers. It was a nice attempt to divert attention from Dirty Sanchez making up bullcac and trying to pass it off as "fact", but it failed.
Not even the 12% mutual fund over the last 40 years???
I DON'T USE STRAWMEN, AND NOBODY ON THIS BOARD KNOWS WHAT THAT MEANS ANYWAYS
I'll concede DS embellished, but his point is valid. If you saved a car payment every month for the next 30-40 years, you'd have a pot of cash at the end.
$378 at 12% per year, compounded monthly for 40 years is $4.5 million 30 years $1.3 million
$378 at 10% per year, compounded monthly for 40 years is $2.3 million 30 years $0.9 million
Not exactly chump change, probably enough to send a grand kid to college in 2050 (of course a car payment isn't going to be $378 in 20 years either, somethin' to think about)
my favorite part in this whole thread was early in this quoted part where you said .5-2% wasn't "really destroying returns" and then in your latest post showed that the difference in 2% over 40 years is 4.5 million compared to 2.3 million. what an unbelievable rough ridin' idiot.
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How does all this work in regards to corporate jets?
LSOC, I think we might've effed up big-time. :ohno:
I'm signing the whole Board of Directors for this Ramsey concert. We need this guys secrets.
Does he give advice on which investments return 20%?
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How does all this work in regards to corporate jets?
LSOC, I think we might've effed up big-time. :ohno:
I'm signing the whole Board of Directors for this Ramsey concert. We need this guys secrets.
Does he give advice on which investments return 20%?
Use my credit card for the tickets. I need the points.
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Isn't Pan right though? Whether you divert the funds before you buy the car, or after you still aren't investing it. You are buying a depreciating asset.
There is no such thing as a free car airline mile.
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man that 12% rule of thumb is waaaaayyyyy off, especially considering the meltdown of the last 3 years. No way that ever gets back to 12%, NO WAY
there will always be downturns. And dropping from 12% to 11% and using a real car payment drops dirty sanchez's little fantasy nest egg from 5.5 million to barely $1 million. But hey, no big deal.
FYI - management fees in an index fund will run you about .3% (see Vanguard). In a normal managed fund 0.5-2%. Not really destroying those returns, espcially for the the managed funds that beat their benchmark on a regular basis (Peter Lynch did it for like 15 years in a row). I can't believe I'm having to explain this . . . :facepalm:
I actually only invest in Vanguard funds. They're great, but expecting or assuming 12% returns over 30+ years, even with the minimal mgmt fees, is stupid.
And yeah, tons of Peter Lynches out there. AND THEY'RE SO EASY TO FIND!!!
In sum, you were wrong
I wasn't wrong about anything. You set up a lot of strawmen that you couldn't even back up with real numbers. It was a nice attempt to divert attention from Dirty Sanchez making up bullcac and trying to pass it off as "fact", but it failed.
Not even the 12% mutual fund over the last 40 years???
I DON'T USE STRAWMEN, AND NOBODY ON THIS BOARD KNOWS WHAT THAT MEANS ANYWAYS
I'll concede DS embellished, but his point is valid. If you saved a car payment every month for the next 30-40 years, you'd have a pot of cash at the end.
$378 at 12% per year, compounded monthly for 40 years is $4.5 million 30 years $1.3 million
$378 at 10% per year, compounded monthly for 40 years is $2.3 million 30 years $0.9 million
Not exactly chump change, probably enough to send a grand kid to college in 2050 (of course a car payment isn't going to be $378 in 20 years either, somethin' to think about)
my favorite part in this whole thread was early in this quoted part where you said .5-2% wasn't "really destroying returns" and then in your latest post showed that the difference in 2% over 40 years is 4.5 million compared to 2.3 million. what an unbelievable effing idiot.
that's because you suck at reading. you pay those people to exceed a benchmark, so the fee is worth it (or not if they suck at it). guess what else is true, a fund that averages 10% return over 40 years doesn't get 10% each year, some could be 50% and some could be -30%. If you want to retire in the year it goes down 30% you could be totally mumped, effing idiot
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Isn't Pan right though? Whether you divert the funds before you buy the car, or after you still aren't investing it. You are buying a depreciating asset.
There is no such thing as a free car airline mile.
Let me say this slowly, succinctly, and clearly...
It's free if you pay it off at the end of each month and have the bank clear any fees you may incur, and that's assuming you're not using a no fee card.
You keep saying that we're paying, paying, and paying for this. Do you own a credit card? Do you know how they work?
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man that 12% rule of thumb is waaaaayyyyy off, especially considering the meltdown of the last 3 years. No way that ever gets back to 12%, NO WAY
there will always be downturns. And dropping from 12% to 11% and using a real car payment drops dirty sanchez's little fantasy nest egg from 5.5 million to barely $1 million. But hey, no big deal.
FYI - management fees in an index fund will run you about .3% (see Vanguard). In a normal managed fund 0.5-2%. Not really destroying those returns, espcially for the the managed funds that beat their benchmark on a regular basis (Peter Lynch did it for like 15 years in a row). I can't believe I'm having to explain this . . . :facepalm:
I actually only invest in Vanguard funds. They're great, but expecting or assuming 12% returns over 30+ years, even with the minimal mgmt fees, is stupid.
And yeah, tons of Peter Lynches out there. AND THEY'RE SO EASY TO FIND!!!
In sum, you were wrong
I wasn't wrong about anything. You set up a lot of strawmen that you couldn't even back up with real numbers. It was a nice attempt to divert attention from Dirty Sanchez making up bullcac and trying to pass it off as "fact", but it failed.
Not even the 12% mutual fund over the last 40 years???
I DON'T USE STRAWMEN, AND NOBODY ON THIS BOARD KNOWS WHAT THAT MEANS ANYWAYS
I'll concede DS embellished, but his point is valid. If you saved a car payment every month for the next 30-40 years, you'd have a pot of cash at the end.
$378 at 12% per year, compounded monthly for 40 years is $4.5 million 30 years $1.3 million
$378 at 10% per year, compounded monthly for 40 years is $2.3 million 30 years $0.9 million
Not exactly chump change, probably enough to send a grand kid to college in 2050 (of course a car payment isn't going to be $378 in 20 years either, somethin' to think about)
my favorite part in this whole thread was early in this quoted part where you said .5-2% wasn't "really destroying returns" and then in your latest post showed that the difference in 2% over 40 years is 4.5 million compared to 2.3 million. what an unbelievable effing idiot.
that's because you suck at reading. you pay those people to exceed a benchmark, so the fee is worth it (or not if they suck at it). guess what else is true, a fund that averages 10% return over 40 years doesn't get 10% each year, some could be 50% and some could be -30%. If you want to retire in the year it goes down 30% you could be totally effed, effing idiot
ok. i'm pretty sure you're just rough ridin' with everyone now. kudos for keeping this thread going as long as you did.
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Offer has expired.
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So is this a pot or alcohol kind of show?
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Isn't Pan right though? Whether you divert the funds before you buy the car, or after you still aren't investing it. You are buying a depreciating asset.
There is no such thing as a free car airline mile.
Let me say this slowly, succinctly, and clearly...
It's free if you pay it off at the end of each month and have the bank clear any fees you may incur, and that's assuming you're not using a no fee card.
You keep saying that we're paying, paying, and paying for this. Do you own a credit card? Do you know how they work?
We're all paying for the credit cards through bank fees and pricing and bailouts and taxes.
You can get a no fee credit card. They exist. Otherwise, you can call your bank and get basic credit card fees removed. My wife calls ours and gets them wiped all the time if we ever get one since we're valued customers.
Excluding unforeseen emergencies where we had to carry a balance, in the six years I've lived with my wife and shared finances, I think we've probably paid a whopping $50 in interest and fees on our credit cards. Since we have cash rewards on them, we have probably made a profit since we get a payout of 50-75 bucks a year. So, in my case, having a credit card has not hurt me at all.
And you're starting to wander off into pretty ambiguous territory if you're saying we're paying for a bunch of bailouts due to credit cards.
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So is this a pot or alcohol kind of show?
Werther's Originals.
Actually, it will just be generic butterscotch candies. We wouldn't want to waste that extra dime getting the brand name when those savings can buy us a nice dinner in about 30 years.
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I can't believe that there are people here who literally don't understand how credit works, and that there are several instances in which borrowing money is a much more desirable option than spending cash.
Credit is just like booze, sex and drugs....when done responsibly a good time is had by all.
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Not even the 12% mutual fund over the last 40 years???
No one here has shown a mutual fund that averaged over 12% over 40 years once fees are taken into account. You would think it would be easy to find one since Dirty Sanchez proclaimed 12% is the "average track record over the last 40 years for a decent fund".
It's cool, though. I know you're just rough ridin' with everyone and don't believe your bullshit.
Not embellished, just mixed up a couple of numbers off the top of my head. Wasn't sitting around with a calculator or anything.
When you "mix up" a couple of numbers and they all are "mixed up" in your favor, that is at best embellishing and at worst lying. It sure as crap isn't sharing a fact.
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Isn't Pan right though? Whether you divert the funds before you buy the car, or after you still aren't investing it. You are buying a depreciating asset.
There is no such thing as a free car airline mile.
Let me say this slowly, succinctly, and clearly...
It's free if you pay it off at the end of each month and have the bank clear any fees you may incur, and that's assuming you're not using a no fee card.
You keep saying that we're paying, paying, and paying for this. Do you own a credit card? Do you know how they work?
We're all paying for the credit cards through bank fees and pricing and bailouts and taxes.
Aaaaaaaaaaand there you have it.
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as an exemplary american, my goal is to live as lavishly as possible while accruing as much debt as possible before i die. if you're not doing the same, you're the communist schlub who picks up the tab.
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Ramsey's message makes since for those people that have dug themselve a huge debt hole and have creditors beating down their doors. Downgrade your car, house, etc. and stay away from CCs in the short term until you get back to a managable level of debt. Once there, Pan's way is good if you're disciplined and Ramsey's way is fine if your not.
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So is this a pot or alcohol kind of show?
i heard he does a 12-minute jam session by slamming quarters on trash cans.
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Not even the 12% mutual fund over the last 40 years???
No one here has shown a mutual fund that averaged over 12% over 40 years once fees are taken into account. You would think it would be easy to find one since Dirty Sanchez proclaimed 12% is the "average track record over the last 40 years for a decent fund".
there's a list of like 35 in this thread
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Ramsey's message makes since for those people that have dug themselve a huge debt hole and have creditors beating down their doors. Downgrade your car, house, etc. and stay away from CCs in the short term until you get back to a managable level of debt. Once there, Pan's way is good if you're disciplined and Ramsey's way is fine if your not.
it seems like it would just be easier to ust go out and make more money then to do all the stuff listed above. that's what i'll never get about the ramsey stuff. instead of being hyper vigilant about the money you have going out, why not focus a little bit on what your dumbass has coming in. don't have enough money? go make more. dumbasses.
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:eye:
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as an exemplary american, my goal is to live as lavishly as possible while accruing as much debt as possible before i die. if you're not doing the same, you're the communist schlub who picks up the tab.
This is the goEMAW corporate mission statement.
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So is this a pot or alcohol kind of show?
i heard he does a 12-minute jam session by slamming quarters on trash cans.
so acid.
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it seems like it would just be easier to ust go out and make more money then to do all the stuff listed above. that's what i'll never get about the ramsey stuff. instead of being hyper vigilant about the money you have going out, why not focus a little bit on what your dumbass has coming in. don't have enough money? go make more. dumbasses.
:kstatriot:
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Offer has expired.
Please return control of my thread to me.
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Offer has expired.
Please return control of my thread to me.
HUGE stack of free tickets at the gym where I work out.
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FYI -
related topic
http://goEMAW.com/forum/index.php?topic=11003.0
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Jeffy, can you get me any more tickets at the price you quoted? TIA
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Is it possible to get a sponsor table at this concert like we had at the hoops banquet? I think goEMAW would be interested.
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maybe instead of arguing over all this stupid crap, we should start an investment thread
dunno, might be too dorky/elitist for goEMAW
:ck:
I started one of these on ksufans and called my shot on a Chinese Ag stock and doubled my investment in roughly a week. Was rough ridin' amazing. :gocho:
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maybe instead of arguing over all this stupid cac, we should start an investment thread
dunno, might be too dorky/elitist for goEMAW
:ck:
I started one of these on ksufans and called my shot on a Chinese Ag stock and doubled my investment in roughly a week. Was effing amazing. :gocho:
I started one on goEMAW and a bunch of asshats posted stupid crap in it. :gocho:
Such is the life of Sugar Dick
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Did your free advice double everyone's money in a week? If not I can see why you got made fun of after everyone was used to the sd investment thread domination.
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Did your free advice double everyone's money in a week? If not I can see why you got made fun of after everyone was used to the sd investment thread domination.
hasn't been a week yet
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So what does ramsey say about student loans?
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So what does ramsey say about student loans?
irrelevant....none of his followers finished high school.
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So what does ramsey say about student loans?
irrelevant....none of his followers finished high school.
yeah, the messiah dave ramsey and his "followers" could barely even snap a picture to make a living, total retards
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So what does ramsey say about student loans?
That you should pay them off just like any other debt, if you have already incurred them. If you have yet to take out loans, don't and work your way through. He is a proponent of the "any college will do" perspective, as long as it can be cash flowed.
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Have some friends who had shitty credit in college jump on board the Dave Ramsey wagon. They cancelled their cards, were paying down the balances, and gradually building up savings.
Several months went by and they ran into some major car issues that adding up to several thousand dollars. The guy's company also needed him to travel for work for a couple of months -- since it was a small company, they didn't have a corporate card, so wanted to reimburse him every couple of weeks for his actual expenses.
At that point, they were completely mumped. Not enough in savings yet to pay for the car expenses, and no way to pay for plane tickets/hotels/meals/etc. on the road until reimbursement. They ended up having to get a loan from the in-laws to pay for the car expenses, and beg for help from work to pre-expense some of the stuff.
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x
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Have some friends who had shitty credit in college jump on board the Dave Ramsey wagon. They cancelled their cards, were paying down the balances, and gradually building up savings.
Several months went by and they ran into some major car issues that adding up to several thousand dollars. The guy's company also needed him to travel for work for a couple of months -- since it was a small company, they didn't have a corporate card, so wanted to reimburse him every couple of weeks for his actual expenses.
At that point, they were completely mumped. Not enough in savings yet to pay for the car expenses, and no way to pay for plane tickets/hotels/meals/etc. on the road until reimbursement. They ended up having to get a loan from the in-laws to pay for the car expenses, and beg for help from work to pre-expense some of the stuff.
Ramseyites say you should have thousands of dollars in the bank to cover such emergencies. Not that I disagree with that, but clearly not a good idea to cancel the credit card if you don't have an emergency cushion.
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Have some friends who had shitty credit in college jump on board the Dave Ramsey wagon. They cancelled their cards, were paying down the balances, and gradually building up savings.
Several months went by and they ran into some major car issues that adding up to several thousand dollars. The guy's company also needed him to travel for work for a couple of months -- since it was a small company, they didn't have a corporate card, so wanted to reimburse him every couple of weeks for his actual expenses.
At that point, they were completely mumped. Not enough in savings yet to pay for the car expenses, and no way to pay for plane tickets/hotels/meals/etc. on the road until reimbursement. They ended up having to get a loan from the in-laws to pay for the car expenses, and beg for help from work to pre-expense some of the stuff.
Ramseyites say you should have thousands of dollars in the bank to cover such emergencies. Not that I disagree with that, but clearly not a good idea to cancel the credit card if you don't have an emergency cushion.
Now try giving the whole truth.
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http://www.economist.com/node/21542452 (http://www.economist.com/node/21542452)
Hedge funds, unfortunately, are not part of the 35 or so funds earning 12%/yr forever.
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https://finance.yahoo.com/news/christian-radio-host-dave-ramsey-110007566.html
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Is it unusual for a class action to only have 17 claimants?
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Is it unusual for a class action to only have 17 claimants?
I didn’t see where it said it was a class action. There’s a difference between a bunch of plaintiffs with the same claim and a handful representing an entire class.
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Is it unusual for a class action to only have 17 claimants?
I didn’t see where it said it was a class action. There’s a difference between a bunch of plaintiffs with the same claim and a handful representing an entire class.
But it is, in fact, a class-action lawsuit.
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The distinction is still valid. It’s a bunch of plaintiffs but it would only be a class action if they’re suing on behalf of many more unnamed parties.
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What is the burden of proof here? Will they have to show that Ramsey knew this service wasn’t providing what they said they would? I think he will settle for 10% of that $150M.
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The distinction is still valid. It’s a bunch of plaintiffs but it would only be a class action if they’re suing on behalf of many more unnamed parties.
And they are. Click through.
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What is the burden of proof here? Will they have to show that Ramsey knew this service wasn’t providing what they said they would? I think he will settle for 10% of that $150M.
Probably, unless some specific consumer protection law applies its own standard.
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What is the burden of proof here? Will they have to show that Ramsey knew this service wasn’t providing what they said they would? I think he will settle for 10% of that $150M.
Probably, unless some specific consumer protection law applies its own standard.
according to the yahoo article there were people calling in all the time letting him know how the company he was endorsing were crooks and did not provide the services they advertised. By all accounts he either ignored the feedback from all those callers, or on one occasion he lashed out at his audience for complaining. He only stopped running their ads when they stopped paying him $150k a month.
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It does sound pretty crappy of him. I have no idea what the standard is but unless there are specific statutory safe harbors I’d wager he ends up paying something.
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Oh hell ya he’s paying, it’s just a matter of how much.
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Oh hell ya he’s paying, it’s just a matter of how much.
Potentially great way to pick up points, miles, etc.
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What is the burden of proof here? Will they have to show that Ramsey knew this service wasn’t providing what they said they would? I think he will settle for 10% of that $150M.
Probably, unless some specific consumer protection law applies its own standard.
according to the yahoo article there were people calling in all the time letting him know how the company he was endorsing were crooks and did not provide the services they advertised. By all accounts he either ignored the feedback from all those callers, or on one occasion he lashed out at his audience for complaining. He only stopped running their ads when they stopped paying him $150k a month.
"You need to follow my financial advice that is directly from God verbatim or you will be hopelessly bound in poverty and destined to eat cat food in your old age."
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Dave Ramsey is a grifter? I am shocked
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What did grandma always say about settling class action lawsuits for fraud?
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Class Action Exit Team
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I started this fraud on a card table in my garage.