Comments on: David Ramsey Hypocrite - David Ramsey hypocrisy? (a thorough investigation)

By: David

David — Fri, 19 Feb 2010 19:26:52 +0000

I love what Dave Ramsey preaches and that he teaches fiscal responsibility and all the right tools when it comes to a financial house; with that being said, I have one fundamental problem with Dave and his pushing of certain products. There is no argument that term is the best and most affordable life insurance product on the market however his flagship zander.com gives term quotes from major insurance companies who all have profited off of deceptive products such as whole life, UL and VUL. It is fundamentally wrong to detest a product and characterize it as unethical and then suggest that your followers purchase the “right” product from these companies that are essentially profitting off of the majority of their clients who are being conned into purchasing whole life insurance.

My suggestion to Dave is to do the right thing and start suggesting that people purchase their term life insurance from the few companies that have always done the right thing and sell only term life insurance. I would gladly pay a little more for a product from a company that always does the right thing than save a few bucks by honoring a company that for the majority does the wrong thing.

By: dan

dan — Sun, 06 Dec 2009 02:58:20 +0000

Dave Ramsey is a saint. People call him in desperation on his radio show every day and if you listened to the show you can hear him restore hope in the callers voices. He is very skilled in finding sometimes creatve sometimes not solutions to their problems. I have heard people call up with complete desperation in their voice and heard Dave uplift them and motivate them. He is not just telling them what they want to hear…he is often giving them tough-love advice by telling them to sell their car and maybe get a second job. I think the underlying theme is get tough or tougher and have a plan…a smart plan. Yes he has some basic advice…what is most interesting is that he has caught on to the fact that getting out of debt is not a math problem…it is a behavior problem. Quick fix math problems do not change your behavor and that is why he doesn’t recomend using them…like another loan to consolidate your debt…you are just kicking the can down the road further…so to speak!

By: Jack

Jack — Thu, 07 May 2009 02:40:21 +0000

Dave Ramsey accepts debit cards not credit cards. I tried to use my CC and gues what? It didn’t work, only takes debit or a check. I beleive the guy walks his talk

By: Belle

Belle — Thu, 08 May 2008 23:48:11 +0000

All businesses who accept Visa/MC pay a merchants fee.
That merchants fee is passed down to consumers in the prices they charge .
If Ramsey hates Visa/MC so much why not only accept echecks or regular checks and do away with the merchants fee.

He rails against Visa and MC yet is paying them every month to accept debit card purchases. Why not just accept echecks and regular checks?
That’s a rhetorical question! The bottom line for Ramsey is making money. Nothing wrong with that !

I personally don’t give a rats behind if Ramsey filed BK, but it is not the trauma he makes it out to be.
Do a search on famous people who have filed bankruptcy.
Here are some:

Abe Lincoln, Henry Ford, Milton Hershey, Walt Disney, The man who wrote Rich Dad, Poor Dad, Rembrandt, The founder of Cornell University, John Connely. O, and Dave Ramsey!

All of these people needed a fresh start at some point in thier life. They went on to lead productive lives.
So do many others who are not famous !
Anyone who is being held hostage with loan shark fees and outrageous penalty fees should seriously consider filing bankruptcy if they cannot pay a balance in a timely manner. It’s common sense not to throw good money after bad !

By: Mrs. Micah

Mrs. Micah — Sat, 03 May 2008 13:35:01 +0000

Anonymous, actually you “should” do what motivates you to get your snowball done. As a math geek, higher interest motivates me. As a person who doesn’t care much about math, lower balance motivates you.

(if your interest is actually 100% you should probably pay off that sucker. )

Decent analysis I think, Jesse.

The whole credit/debit card thing…I’m guessing that he just thinks it impractical to make people technologically regress about 10 years just to get his book. If you pay by check, you can’t get the book as fast and it might kill your motivation.

By: Jesse

Jesse — Fri, 02 May 2008 22:33:09 +0000

Josh, I find it somewhat hard to believe the guy would dedicate his life to it if he didn’t believe in it. He didn’t start off making a ton of money off of it. I don’t make much off this blog but Im passionate about it.

By: Josh

Josh — Fri, 02 May 2008 21:19:03 +0000

Another one of his mindless lemmings above me. The guy is all show, his entire system is a good idea that he had that he has turned into a massive empire. He doesn’t really give a crap if you use a credit card or not….as long as he keeps making $$$

By: Anonymous

Anonymous — Fri, 02 May 2008 20:38:05 +0000

How can you even consider this topic, he is a great man who has helped a ton of people. You should always pay off smallest debts first, it doesnt matter if the higher debt is at 100% interest and the small is at 0%. Thats how you build your snowball.