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Met Dave Ramsey tonight
Warbirds
Member Posts: 16,938 ✭✭✭✭
Briefly anyway. He and His daughter are plugging a new book in Dallas. My wife has some former connection with the daughter, so my wife had been given a copy of their new book to read a few weeks back.
Somehow that turned into attending as an audience member a filming of one of their things for about an hour and a half tonight. Only maybe 100 people there.
I had never been in an audience of any kind so that was interesting.
I think he gives pretty good advice to people.
Somehow that turned into attending as an audience member a filming of one of their things for about an hour and a half tonight. Only maybe 100 people there.
I had never been in an audience of any kind so that was interesting.
I think he gives pretty good advice to people.
Comments
Somehow, he went off of Sirius 6 months ago and I have not been able to listen to him since. He is very smart and gives great advice.
He is also a "keep and bear arms" kind of guy and has quite a firearms collection.
Just listening to his show most days makes you feel like a winner since you are not in the predicament that most of his callers are in. The ones that call in that are paid off really gives the rest of the audience something to shoot for. Unlike most mass media, it is a VERY positive vibe. Sadly the station that carried it in ATL went TU and as far as I know he is not in market here anymore.
Really liked his program but I too, did not care for the "Debt free" scream. Tom
Anytime he started a segment with "We have a couple from Houston who are in the Lobby of Financial Peace Plaza right now..." you knew it was debt free scream time. I would just change over to Fox news or The Sixties on Six for ten minutes. Each segment on Dave's show lasts about ten minutes.
Then I would switch back to Dave. He usually had only one debt free screamer per 3 hour show.
I can't stand the Debt Free Scream.
http://.farmersagent.com/smart/Dealer.aspx?val=dramsey
Cap'n, Dave Ramsey's on WGST, 2-5PM daily.
Did'nt he used to be on WSB??? I did hear Kimmer was back... but had a heart attack 6 days into the gig. Not sure if he is on the air or not, he's on noon to 3 so maybe I'll try to listen in.
lts GBs' fault l am ''NOT'' debt-free [:(]
Just wait, We are launching Shoot NOW, pay later...
soon...
That sounds shocking, but Dave analyzes the numbers. You take a 30 year old newly wed couple, they make $100K annually. Of course they both buy new cars, on credit.
After three years, they trade their cars in on new cars. And so on, until they are sixty.
Listen to Dave crunch the numbers and you will be astonished. The cars each depreciate about $5 K annually. So, the couple loses 10 grand a year. Whereas, they could have bought a nice, 7 year old used car on which the depreciation would have been negligible.
They are losing at least $8 K annually. In thirty years, that totals up to about a quarter of a million dollars.
And it gets worse. Dave loves mutual funds. If they had put that 8 Grand annually in to a good mutual fund, they would have a million dollars set aside for retirement.
So, for many people, the difference between being broke at retirement, and relying on social security, and being a millionaire, is whether or not you bought a new car every 3 years. Some very expensive cars if you crunch the numbers.
Don't even get Dave started on a car lease, he calls it a "fleece." He says that the lease is a much worse deal than buying a new car.
quote:Originally posted by footlong
lts GBs' fault l am ''NOT'' debt-free [:(]
Just wait, We are launching Shoot NOW, pay later...
soon...
OMG [:0]
quote:Originally posted by Rocklobster
Cap'n, Dave Ramsey's on WGST, 2-5PM daily.
Did'nt he used to be on WSB??? I did hear Kimmer was back... but had a heart attack 6 days into the gig. Not sure if he is on the air or not, he's on noon to 3 so maybe I'll try to listen in.
Yeah, I think Ramsey was on WSB late-night for awhile, then switched with Michael Savage. I guess Savage was too hardcore for Cox, so he didn't last long. I think a guy named Mark Aram is on there now - I'm not familiar with him.
Kim Peterson is on All-News 106.7 these days.
It blew my mind - I listened to WGST often for years, liked the entire lineup. Glenn Beck was on, the Kimmer, a few others. Then, I tuned in one morning and WGST was GONE, replaced with some Spanish-language sports broadcasting.
Now they're back, with a few folks I enjoy listening to. Beck's back, Ramsey, some lady whose name slips my mind - she has a libertarian view of current events. George Noory's on late night, always a fun listen.
Oh yeah, they're also covering NASCAR racing on Sundays.
I have been listening to them since 1960. That is the station on which Neal Boortz got his start.
They used to be a real good talk radio station. Even though I had moved to North Carolina, I used to listen on my frequent trips through Atlanta.
Then a few years ago I was shocked to hear nothing but Spanish coming from WGST. I gave up on them.
I am glad to hear they are back to English broadcasting, I will try to catch Dave Ramsey next time I am in Atlanta.
http://www.daveramsey.com/show/stations/
Boortz does a morning spot on WSB, "Neil's Rants." Just a short synopsis of what's in the news, a perspective that only he can provide.
Boortz is one of few, someone who's not afraid to tell it like it is.
I used to know Neal Boortz. In 1979 I worked at a hot air balloon manufacturing plant in Atlanta, Mike Adams Balloon Loft. There were 4 employees, counting the boss, Mike Adams. Our "factory" was Mike's 3 room garage in Buckhead, he had the apartment upstairs.
Back then, Atlanta had a pro hockey team, the Flames. The wily Boortz had convinced the Flames that is would be good PR to have a hot air balloon with the Flames logo on it. We made the balloon and it really looked good. Cost $14, 960.
Boortz talked the Flames into hiring him as the pilot. So not only did he have a free hot air balloon, but he got paid to fly it. He kept the balloon at his house, I think he lived up in north Fulton Co. on the Chattahoochee River.
Back then Boortz had the noon to 3pm show on WGST. About once a week he would stop our shop, on the way to work, and hang around for an hour or two. He was a pretty interesting guy.
The sad thing for our world is that most of Ramsey's advice is just good old common sense, and our grandparents would have been astounded that anyone listened to some guy talking about what everybody already knew.
And people pay to get it.. Now who is making money..[:)]
Dave gives some great advice. He says that nobody can afford a new car, unless they have a net worth over $1 million.
That sounds shocking, but Dave analyzes the numbers. You take a 30 year old newly wed couple, they make $100K annually. Of course they both buy new cars, on credit. After three years, they trade their cars in on new cars. And so on, until they are sixty.
Listen to Dave crunch the numbers and you will be astonished. The cars each depreciate about $5 K annually. So, the couple loses 10 grand a year. Whereas, they could have bought a nice, 7 year old used car on which the depreciation would have been negligible.
They are losing at least $8 K annually. In thirty years, that totals up to about a quarter of a million dollars.
And it gets worse. Dave loves mutual funds. If they had put that 8 Grand annually in to a good mutual fund, they would have a million dollars set aside for retirement.
So, for many people, the difference between being broke at retirement, and relying on social security, and being a millionaire, is whether or not you bought a new car every 3 years. Some very expensive cars if you crunch the numbers.
Don't even get Dave started on a car lease, he calls it a "fleece." He says that the lease is a much worse deal than buying a new car.
In GENERAL, this is good advice. Buying a new car frequently mostly means you're unnecessarily paying for a lot of extra depreciation. The money you could have otherwise saved is "opportunity cost".
But there is no rule that says you have to buy a new car every three years. If you buy one every 5 years instead, the mathematics become quite a bit less unfavorable, because over 30 years they're only buying 6 new cars instead of 10, with better depreciation curves, too.
Next, in this economy finding "nice" used 7 year old cars is difficult. (Not impossible. . .but much harder than it used to be). The reason is that Obama's "cash for clunkers" destroyed a lot of them, and because people just aren't buying new cars like they used to. Cars are also a lot better built nowadays and just last longer on average. Consequently, the average age of a car on the road is higher than its ever been in the past. There are a lot fewer GOOD used cars out there, and when you find them, they're priced quite a bit higher than they used to be in the "old days".
On lease, Ramsey is right that for MOST people a lease is an unnecessary luxury. BUT, if you can lease your car as a professional expense (so some of the cost is tax-deductible, especially if you're in a high tax bracket), AND you can lease a car with a high residual value (eg a BMW) so depreciation is reduced, then having a lease may let you drive around in a much nicer car for the same money as buying a car outright.
There is a reason why something like 40% of BMWs on the road are leased. . .with most of the leasers being MDs, lawyers, accts, real-estate brokers, and other professionals, etc. Its not that these people are money-stupid, nor all millionaires, its that in their particular circumstance leasing actually does make dollar-sense.
The sad thing for our world is that most of Ramsey's advice is just good old common sense, and our grandparents would have been astounded that anyone listened to some guy talking about what everybody already knew.
"Common" sense isn't all that common, is it?
Ramsey's show is mostly sound financial advice for financial illiterates and the irresponsible. But there are plenty of them out there, so its good.
Dave will read the guy the riot act. And will say to him, "You made straight "A" s so you are supposed to be a bright boy. What job in the world did you think you were going to get with a batchelors in Anthropology?"
Student loans are easy to get these days and many young people are crippled by them. Now, if you are fifty grand in the hole but you have an RN degree, you will be fine.