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z00s , (edited )

Set him up with a whiteboard and feed him actual, real figures and watch him fail to explain how it would be possible to do what he’s claiming.

No financial gifts or inheritances from parents to use as a deposit, no magical income that comes from starting a business, no magical windfalls from putting house deposit savings into the stock market, just regular old income and student debt.

If he can’t do this, he should be ignored by the financial media.

Here’s a little graph I whipped up. Dave Ramsay was born in Nashville, in 1960. So he would have been a little too young to buy in 1975, but you get the general idea.

https://lemmy.world/pictrs/image/4774e759-b757-42a2-90ec-df9ddff3b447.png

Raiderkev ,

Add to that, house prices have doubled since 2015. That’s a decade old at this point.

TankovayaDiviziya ,

He’s just going to say invest in stocks to amplify your income.

capital ,

Dude thinks you can pull 8% a year from your retirement and be fine. Everything he says should be disregarded.

earlyretirementnow.com/…/dave-ramsey-8-percent-wi…

bradorsomething ,

I’ve worked with a number of financial people, and if they talk for free, generally that’s what they’re worth to pay them.

BeautifulMind ,
@BeautifulMind@lemmy.world avatar

Has finance guru Dave Ramsey looked at the cost of housing compared to what working people earn? It’s very different now than it was when the boomers were able to buy houses on the income of a single entry-level wage earner per household.

One wonders whether ‘finance gurus’ aren’t just out-of-touch boomers any more

JackbyDev ,

Interest rates just shot way the fuck up too. And while they were really good around 2021 a lot of folks were still struggling from being out of work

Duamerthrax ,

“fiance guru” isn’t a real job. Fight me.

EvilEyedPanda ,

Finance guru vs. Jiu-jitsu guru…

Sgt_choke_n_stroke ,

They’re a joke, they literally produce nothing. O I made one number bigger. Congrats you’re a counter.

assassin_aragorn ,

I’m at my parents house for various reasons, and I was actually thinking of moving out this year to be closer to my friends.

And then I had a seizure. And my parents and my sister were instrumental in calling 911 and making sure I didn’t end falling to the ground painfully. They stuck with me in the hospital, and have been incredibly supportive. State law doesn’t even let me drive for 6 months, so they’ve helped immensely with all that. I don’t think I would’ve even known I had a seizure if not for them, and I couldn’t have taken the right corrective measures for my health.

So, from the very bottom of my heart – fuck you Dave Ramsey. Go fuck yourself and shove a rusty cactus up your ass. I’d call him a cunt (which I do not do lightly), but he lacks the warmth and the depth to be one.

return2ozma OP ,
@return2ozma@lemmy.world avatar

Glad they were able to help you out.

assassin_aragorn ,

Thank you!

bradorsomething ,

I’m glad your family had your back, a lot of people can’t do so, and we’re facing generational collapses.

assassin_aragorn ,

Oh I’m very fortunate. My parents are overbearing but they let me stay without rent and my mom still cooks for us. I’m incredibly lucky, and I wish everyone could fall back on their family like this.

There’s a big problem facing the collective generation, and I sure as hell will help however I can.

Raiderkev ,

Be safe man, hoping for you that it was just a one off seizure and you don’t have a recurrence. You don’t want to deal with full blown epilepsy. My sister has adult onset epilepsy that they can’t really get under control. She can’t drive anymore, has to wear a helmet any time she’s on her feet, and with the ever-changing med cocktail she gets prescribed, it really affects her mental state and mood.

assassin_aragorn ,

It seems like it was just a one off. There doesn’t seem to be anything clearly wrong neurologically, and my blood sugar was incredibly low at the time. I’m also apparently predisposed to getting seizures at low blood sugar from a condition I have, I was on a medicine at the time which lowered my seizure threshold, and I think another medicine was artificially lowering my blood sugar too. So it was just the perfect storm.

I hope things turn around for your sister :/. That’s absolutely awful. I’m incredibly fortunate, but for a while it was possible that could’ve been me. I hope there’s a miracle cure out there to help.

Whirlygirl9 ,

something something boot straps...

guacupado ,

There are some people this world would be better off without.

ParabolicMotion ,

Wait until this man has a stroke and his children refuse to move in and help him.

guacupado ,

We can only hope.

Railing5132 ,

Dave Ramsey is a shitheel. His attitude toward money is obsessive and not compatible with healthy relationships or families. I would not be surprised if he were to die completely alone and unloved.

melpomenesclevage ,

Or if he keeps talking like this in public; against a wall

minibyte ,

Dave Ramsey hates poor people. It’s my opinion that they remind him that his math doesn’t make sense.

jj4211 , (edited )

Broadly, I wonder if these folks have no memory for how they were regarded.

The silent generation was broadly characterized as all being lazy beatniks.

The boomers were all characterized as being lazy hippies.

Of course gen xers, millennials, and z have all had their turn.

Every generation broadly bemoans the laziness of the young generation. I recall reading someone who sampled media going back to 19th century, repeatedly finding the “young folks are lazy” rhetoric that is always present.

TargaryenTKE ,

Some of the earliest Roman historians (like way, way back in the early Republic, before they even did any conquering) used to bemoan the laziness and ‘softness’ of the current generation compared to the past. Thinking the previous generations were better is a human tradition older than any other aspect of civilization

T156 ,

Socrates complained that the invention of widespread writing would make people lazy and forgetful, because they’d just write everything down, rather than remembering it orally.

Carighan ,
@Carighan@lemmy.world avatar

It’s easier to piss on the ones below you.

BeautifulMind ,
@BeautifulMind@lemmy.world avatar

Oh but it’s super-entertaining to punch up to boomers

Meron35 ,

The 2,500-Year-Old History of Adults Blaming the Younger Generation - historyhustle.com/2500-years-of-people-complainin…

guacupado ,

I don’t know. I think most millenials are aware Gen Z got fucked the hardest. For the most part I think we all have a common enemy in boomers.

CosmicCleric ,
@CosmicCleric@lemmy.world avatar

For the most part I think we all have a common enemy in boomers.

For the love of all that’s right, stop letting them divide us into camps, so that we fight each other, instead of them.

There are plenty of Boomers out there who don’t like the raw deal that the latest gens are having to deal with right now.

Not everything files into neat little category boxes.

telllos ,

Thank you!!

Mango ,

Dave Ramsey can buy a house because he doesn’t work.

TheObviousSolution ,

What he actually means:

They need to start taking out loans so I can continue to make easy money.

It’s people like this that have rotted our societies. They want all our wealth to be stretched out in easy to target debt.

I_Has_A_Hat ,

I get the need to shit on him, but you’re kind of revealing that you have no clue who this guy is. His whole thing has been pretty firmly anti-loan and pro-savings.

TheObviousSolution ,

Nobody is going to get their own apartment or home without a loan, at least not anyone whom this is directed to. I don’t know him, I don’t want to know about him, I’m only criticizing his message. If what you say is true, he also seems to be someone who contradicts himself as well because staying with family is a great way to avoid needless loans, costs, and liabilities that consumer culture tries to instill (specially when their parents get old enough to become extremely dependent and susceptible to scammers). Not only did I not know about him, but you are not painting a great picture of him if he seems to be that inconsistent.

Bakkoda ,

His philosophy is bullshit and hasn’t been compatible with the current economical climate in 20+ years.

I_Has_A_Hat ,

That’s fine, but saying he wants people to be in debt is kind of an absurd claim.

eskimofry ,

His own claims contradict his viewpoint and whatever the advice he is pilferring is to “move out and buy your own home”. Only way anybody with a normal wage can afford a home is via going into debt forever.

melpomenesclevage ,

Maybe they deserve some sort of wall?

You know, as a memorial?

Gabu ,

Neither does he…

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