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Posted: 5/6/2024 7:23:58 PM EST
[#1]
W2 people are the ones i see worried about retirement the most. They never invested in themselves and rely on saving, doing without, and the magical Alice in wonderland stock market.
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Posted: 5/6/2024 7:24:23 PM EST
[#2]
Quote HistoryQuoted: How about we go by bankruptcies. If your number is 0, it's fewer than Ramsey. Quote HistoryQuoted: Quoted: Quoted: Dave Ramsey is a fucking idiot? Show us your net worth, then? How about we go by bankruptcies. If your number is 0, it's fewer than Ramsey. That kinda the point. That's his experience. It isn't like it is some secret. Weird position to make. |
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Posted: 5/6/2024 7:25:26 PM EST
[#3]
Quote HistoryQuoted: That kinda the point. That's his experience. It isn't like it is some secret. Weird position to make. Quote HistoryQuoted: Quoted: Quoted: Quoted: Dave Ramsey is a fucking idiot? Show us your net worth, then? How about we go by bankruptcies. If your number is 0, it's fewer than Ramsey. That kinda the point. That's his experience. It isn't like it is some secret. Weird position to make. Yes his experience is defaulting on his obligations and rather than fixing it, running like a bitch to the government to clear them. His opinion should be disregarded. I do not take financial advice from people who file bankruptcy. |
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Posted: 5/6/2024 7:25:32 PM EST
[#4]
Quote HistoryQuoted: W2 people are the ones i see worried about retirement the most. They never invested in themselves and rely on saving, doing without, and the magical Alice in wonderland stock market. 
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Posted: 5/6/2024 7:26:20 PM EST
[#5]
Quote HistoryQuoted: Yes his experience is defaulting on his obligations and rather than fixing it, running like a bitch to the government to clear them. His opinion should be disregarded. Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: Dave Ramsey is a fucking idiot? Show us your net worth, then? How about we go by bankruptcies. If your number is 0, it's fewer than Ramsey. That kinda the point. That's his experience. It isn't like it is some secret. Weird position to make. Yes his experience is defaulting on his obligations and rather than fixing it, running like a bitch to the government to clear them. His opinion should be disregarded. Wow, you just keep digging. Congrats, I guess? |
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Posted: 5/6/2024 7:27:22 PM EST
[#6]
Quote HistoryQuoted: Wow, you just keep digging. Congrats, I guess? Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: Quoted: Dave Ramsey is a fucking idiot? Show us your net worth, then? How about we go by bankruptcies. If your number is 0, it's fewer than Ramsey. That kinda the point. That's his experience. It isn't like it is some secret. Weird position to make. Yes his experience is defaulting on his obligations and rather than fixing it, running like a bitch to the government to clear them. His opinion should be disregarded. Wow, you just keep digging. Congrats, I guess? Almost digging as much as Ramsey does into debt. I especially love ramsey's home ownership advice, from the bankrupt real estate speculator. What a fucking pathetic charlatan. |
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Posted: 5/6/2024 7:27:51 PM EST
[#7]
Quote HistoryQuoted: And in true Arfcom fashion someone comes along to poop on the skilled trades. Quote HistoryQuoted: Quoted: According to ARFCOM, its the guys that replace HVAC capacitors. And in true Arfcom fashion someone comes along to poop on the skilled trades. Eh.. we’re all drunks, druggies, and white trash idiots.(to them) |
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Posted: 5/6/2024 7:28:23 PM EST
[#8]
Quote HistoryQuoted: Almost digging as much as Ramsey does into debt. Not a Dave Ramsey fan but this is a shitty take. |
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Posted: 5/6/2024 7:29:38 PM EST
[#9]
Quote HistoryQuoted: Eh.. we’re all drunks, druggies, and white trash idiots.(to them) Well you opened up by taking a big dump on w2 folks. What if we all have different paths to success? |
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Posted: 5/6/2024 7:29:40 PM EST
[#10]
Quote HistoryQuoted: Not a Dave Ramsey fan but this is a shitty take. Quote HistoryQuoted: Quoted: Almost digging as much as Ramsey does into debt. Not a Dave Ramsey fan but this is a shitty take. It's really not when you're literally on a thread with an excerpt of financial advice about home ownership by a bankrupt real estate speculator. |
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Posted: 5/6/2024 7:30:02 PM EST
[#11]
I think the 'becoming a millionaire' angle should have like an age reference with something like 'by age 40'. Yes, I'll be a liquid millionaire when I can access my 401k but of course I'll be 60 years old. It's not like I'm living a millionaire's life.
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Posted: 5/6/2024 7:30:35 PM EST
[#12]
Quote HistoryQuoted: Almost digging as much as Ramsey does into debt. I especially love ramsey's home ownership advice, from the bankrupt real estate speculator. What a fucking pathetic charlatan. Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: Quoted: Quoted: Dave Ramsey is a fucking idiot? Show us your net worth, then? How about we go by bankruptcies. If your number is 0, it's fewer than Ramsey. That kinda the point. That's his experience. It isn't like it is some secret. Weird position to make. Yes his experience is defaulting on his obligations and rather than fixing it, running like a bitch to the government to clear them. His opinion should be disregarded. Wow, you just keep digging. Congrats, I guess? Almost digging as much as Ramsey does into debt. I especially love ramsey's home ownership advice, from the bankrupt real estate speculator. What a fucking pathetic charlatan. Ramsey peddles to those in needt, just like the YouTube keto/health channels do to the fat bodies. It hugely profitable to exploit. |
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Posted: 5/6/2024 7:30:38 PM EST
[#13]
Quoted: He concluded by saying: “There’s a lot of loud noises out there. I don’t know where that comes from [but] it’s not true that you can’t get ahead. When you convince someone it’s true, you’re stealing their hope and … that’s evil.” [/url] |
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Posted: 5/6/2024 7:31:01 PM EST
[#14]
Quote HistoryQuoted: It's really not when you're literally on a thread with an excerpt of financial advice about home ownership by a bankrupt real estate speculator. Bankruptcy and real estate go together like peanut butter and chocolate. It's why speculation, underwriting and risk premiums exist. It's not a bad thing. |
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Posted: 5/6/2024 7:31:33 PM EST
[#15]
Yeah, to obtain a million dollar net worth is not that big a deal in this day and age.
I think almost anyone with a halfway decent income stream can obtain that goal if they are disciplined with their spending and diligent in their investments. I think its far more dependent upon the individual than what their profession is. You do have to be making a decent income but not being stupid with your money is far more important. |
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Posted: 5/6/2024 7:31:55 PM EST
[#16]
Quote HistoryQuoted: The bolded part is exceedingly important for becoming financially independent. Most people won't do it. It's like being in shape. Easy to talk about, harder to do because most people are lazy - let's be honest. Wife and I had a sit down talk about that as we start to think long term finances. Frugality is key to being able to retire comfortably. |
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Posted: 5/6/2024 7:32:04 PM EST
[#17]
Quote HistoryQuoted: No, Ramsey peddles to those in needt, just like the YouTube keto/health channels do to the fat bodies. It hugely profitable to exploit. Yep, but it also helps a LOT of those people who would struggle otherwise. Even if it's not the PERFECT way to get out of debt are these people not better off? |
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Posted: 5/6/2024 7:33:03 PM EST
[#18]
Quote HistoryQuoted: Wife and I had a sit down talk about that as we start to think long term finances. Frugality is key to being able to retire comfortably. Eh.... its part of it. Allocation makes a huge impact, along with tax planning. Something has simple as a 1% higher return has a huge impact over 40 years. |
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Posted: 5/6/2024 7:34:04 PM EST
[#19]
Quote HistoryQuoted: I know. But it's not a joke to them. Some of them think they're victims.  I’m a late 30s firefighter and I just did the math, I’m damned close to a mil net worth, not including either my civilian or military pension. Saving early and often, smartly investing deployment money instead of buying a new truck, being more than a bit lucky with the housing market, and not taking on stupid debt it’s not hard to be a millionaire. Completely unironically, much of it came from taking on cheap debt at the right time.  I earned every penny of it though. I also turned down a shit ton of income potential by staying in the public sector. It was a trade off for a secure career and a defined benefit plan. We all make choices. |
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Posted: 5/6/2024 7:34:35 PM EST
[#20]
Quote HistoryQuoted: Lol teacher what is that guy smoking? Most teachers I know don't make squat. FL doesn’t pay teachers and cops much for income. Other places pay well even with a high cost of living. |
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Posted: 5/6/2024 7:35:49 PM EST
[#21]
Quote HistoryQuoted: Yep, but it also helps a LOT of those people who would struggle otherwise. Even if it's not the PERFECT way to get out of debt are these people not better off? Quote HistoryQuoted: Quoted: No, Ramsey peddles to those in needt, just like the YouTube keto/health channels do to the fat bodies. It hugely profitable to exploit. Yep, but it also helps a LOT of those people who would struggle otherwise. Even if it's not the PERFECT way to get out of debt are these people not better off? Relapse. |
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Posted: 5/6/2024 7:36:14 PM EST
[#22]
Quote HistoryQuoted: Relapse. How often do they relapse? |
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Posted: 5/6/2024 7:36:20 PM EST
[#23]
Quote HistoryQuoted: Lol teacher what is that guy smoking? Most teachers I know don't make squat. They make enough. They just don’t save enough. Pay yourself first and anyone can be a millionaire by 50-years old. The key is to maximize your tax free and tax advantaged retirement options early and consistently. THEN live off what is left over. It’s better to rent a room in a house you share with roommates and max your 401K than to have your own apartment for example. |
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Posted: 5/6/2024 7:36:42 PM EST
[#24]
Quote HistoryQuoted: I think the 'becoming a millionaire' angle should have like an age reference with something like 'by age 40'. Yes, I'll be a liquid millionaire when I can access my 401k but of course I'll be 60 years old. It's not like I'm living a millionaire's life. What exactly is a "millionaire's life" ? |
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Posted: 5/6/2024 7:37:01 PM EST
[#25]
Once again, Dave Ramsey does not teach people how to become rich. He teaches people how to become free. They are not the same thing.
He also doesn’t teach people about money. He teaches those with financial addictions and ignorance how to become free. His advice about money and wealth is pretty horrific for anyone that wants to become rich. His advice to young folks about student loans when it comes to very high paying fields in criminally bad. For most people, Dave is the right advice. If you do what he says, you will get his results. |
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Posted: 5/6/2024 7:37:42 PM EST
[#26]
Quote HistoryQuoted: Yes his experience is defaulting on his obligations and rather than fixing it, running like a bitch to the government to clear them. His opinion should be disregarded. I do not take financial advice from people who file bankruptcy. He is quickly approaching or has surpassed the $1B mark. Is your way more effective than his? |
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Posted: 5/6/2024 7:37:57 PM EST
[#27]
Quote HistoryQuoted: I know someone that worked for Dave Ramsey. He flew on Dave's jet a few times. Is he a good guy in person? |
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Posted: 5/6/2024 7:38:06 PM EST
[#28]
Quote HistoryQuoted: The best way to become a millionaire is to sell books telling people they can be a millionaire too. Or maybe it’s a radio show that has millions of listeners.. Or maybe it’s all the real estate.. Regardless…his baby steps work for people who have zero money discipline. It’s a base. Not the end all be all. This. I’m not a Ramsay fan (I think he’s arrogant and simply wrong about some things—I could’ve paid off my 2.99% mortgage by now but that would’ve been fucking stupid), but if all Americans followed his program they’d probably be better off overall, and by a pretty significant margin. Remember: the average IQ is 100. His program is great for those in the middle/ass-end of the bell curve. It’s not even a bad idea to pick and choose from certain portions of his doctrine. |
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Posted: 5/6/2024 7:38:08 PM EST
[#29]
Quote HistoryQuoted: Once again, Dave Ramsey does not teach people how to become rich. He teaches people how to become free. They are not the same thing. He also doesn’t teach people about money. He teaches those with financial addictions and ignorance how to become free. His advice about money and wealth is pretty horrific for anyone that wants to become rich. His advice to young folks about student loans when it comes to very high paying fields in criminally bad. For most people, Dave is the right advice. If you do what he says, you will get his results. 100% this. |
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Posted: 5/6/2024 7:39:18 PM EST
[#30]
There's so much anecdotal bull shit out there.
A lady I know was a teacher at a very rural school her whole life. Her husband was also a teacher. They bought a farm. That farm is worth millions today but cost them a small fraction of that back then. That means all teachers are millionaires.  Seriously though other posters are right. It doesn't take much to be a million net these days. If you count defined pensions a whole shitload of my dumb ass military peers are (multi?)millionaires before they turn 40. I guess they should doom harder or something. |
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Posted: 5/6/2024 7:41:21 PM EST
[#31]
Quote HistoryQuoted: He is quickly approaching or has surpassed the $1B mark. Is your way more effective than his? On most things regarding finance….yes. Because pretty much no one made that kind of money doing it the way Dave claims he did. Dave teaches the financially illiterate and those with spending problems how to become free. His advice is spot on for those people. His advice is horrific for anyone looking to actually become rich and the rich know that. |
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Posted: 5/6/2024 7:41:31 PM EST
[#32]
Quote HistoryQuoted: It's really not when you're literally on a thread with an excerpt of financial advice about home ownership by a bankrupt real estate speculator. Quote HistoryQuoted: Quoted: Quoted: Almost digging as much as Ramsey does into debt. Not a Dave Ramsey fan but this is a shitty take. It's really not when you're literally on a thread with an excerpt of financial advice about home ownership by a bankrupt real estate speculator. Now that he's made it big did he ever go back and pay the creditors he discharged? |
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Posted: 5/6/2024 7:43:00 PM EST
[#33]
Teacher
 My better half is a teacher and she’s no where near a millionaire! |
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Posted: 5/6/2024 7:45:50 PM EST
[#34]
He never said teachers make a lot of money. They did research on 10,000 millionaires and teachers were one of the top 5 professions. As has been said repeatedly its not super hard to become a millionaire now. Just discipline and steady investing over time will make you a millionaire. While I agree a million dollars isn't what it used to be and net worth millionaires that have a $750,000 house and $250,000 in a 401k are by no means rich; a person with 1,000,000 invested, a paid for house, and no debt is pretty damn well off.
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Posted: 5/6/2024 7:45:52 PM EST
[#35]
Quote HistoryQuoted: According to ARFCOM, its the guys that replace HVAC capacitors. I had to LOL |
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Posted: 5/6/2024 7:46:43 PM EST
[#36]
Quote HistoryQuoted: Teacher My better half is a teacher and she’s no where near a millionaire! Obviously she needs to start teaching people how to be a millionaire, thats where the moneys at. |
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Posted: 5/6/2024 7:47:26 PM EST
[#37]
Quote HistoryQuoted: How about we go by bankruptcies. If your number is 0, it's fewer than Ramsey. Dave Ramsey is like a former drug addict turned drug counselor. Nothing wrong with that. What he did took gumption. He bought too much real estate too fast with too much leverage. Happens more than you think. No one on GD would ever admit failure. Average height is 6'3" here too. The Millionaire Next Door book is more accurate in my view as to who becomes millionaires than Ramsey's list. I would place business owners above attorneys as to net worth. |
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Posted: 5/6/2024 7:49:05 PM EST
[#38]
I had no idea that that many doctors weren't making 6 figures.
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Posted: 5/6/2024 7:52:22 PM EST
[#39]
Quote HistoryQuoted: I can't believe he put teachers over doctors, dentists, nurses, and actuaries.  There are a fuckton of teachers. Probably 100 teachers for every doctor. That's what is misleading about the "data" in the way it's presented. He sent questionnaires to people he knew to be millionaires. Well if 2 out of every 100 teachers is a millionaire, there's going to be more of them than the doctors. Notice that nowhere does he say that a higher percentage of teachers are millionaires than doctors. A lot of teachers have spouses. A lot of them have side jobs, or it's their second career. So not all of them are limited to a teachers salary for life. Even if they were, if they work their whole lives and live below their means, becoming a millionaire is not that hard. |
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Posted: 5/6/2024 7:54:19 PM EST
[#40]
Quote HistoryQuoted: There are a fuckton of teachers. Probably 100 teachers for every doctor. That's what is misleading about the "data" in the way it's presented. He sent questionnaires to people he knew to be millionaires. Well if 2 out of every 100 teachers is a millionaire, there's going to be more of them than the doctors. Notice that nowhere does he say that a higher percentage of teachers are millionaires than doctors. A lot of teachers have spouses. A lot of them have side jobs, or it's their second career. So not all of them are limited to a teachers salary for life. Even if they were, if they work their whole lives and live below their means, becoming a millionaire is not that hard. 
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Posted: 5/6/2024 7:56:01 PM EST
[#41]
Quote HistoryQuoted: And in true Arfcom fashion someone comes along to poop on the skilled trades. Quote HistoryQuoted: Quoted: According to ARFCOM, its the guys that replace HVAC capacitors. And in true Arfcom fashion someone comes along to poop on the skilled trades. Pretty standard for the various trades I work with to retire millionaires. Some guys are smarter about it than others.. |
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Posted: 5/6/2024 7:56:01 PM EST
[#42]
Quote HistoryQuoted: They make enough. They just don’t save enough. Pay yourself first and anyone can be a millionaire by 50-years old. The key is to maximize your tax free and tax advantaged retirement options early and consistently. THEN live off what is left over. It’s better to rent a room in a house you share with roommates and max your 401K than to have your own apartment for example. Quote HistoryQuoted: Quoted: Lol teacher what is that guy smoking? Most teachers I know don't make squat. They make enough. They just don’t save enough. Pay yourself first and anyone can be a millionaire by 50-years old. The key is to maximize your tax free and tax advantaged retirement options early and consistently. THEN live off what is left over. It’s better to rent a room in a house you share with roommates and max your 401K than to have your own apartment for example. That's what allowed me to be able to max the legal limit on 401K's starting in 1993. I was a whopping 27 years old and saving like crazy. Luckily my two other roommates were both car and motorcycle guys so we all got along. I didn't buy my first home until 1999, after I had transferred from Socal to Columbus, Oh. Even then I purchased way below my means. If I wanted extra spending cash I took on side work, out of at first a single car garage and then ultimately a 32x50 building that I built myself... |
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Posted: 5/6/2024 7:56:03 PM EST
[#43]
Quote HistoryQuoted: I can't believe he put teachers over doctors, dentists, nurses, and actuaries. He has a much better chance at selling his product if he tells his customers what they want to hear. |
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Posted: 5/6/2024 7:57:08 PM EST
[#44]
This web site has taught me a lot and there’s a ton of smart people here…But the Dave Ramsey hate that’s so frequent here is really disappointing.
He’s helped a lot of people. A lot. Successful people should want to teach others. Someone who did well for himself by a different method than he teaches should want to say right on man, keep helping people…You would think. |
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Posted: 5/6/2024 7:57:45 PM EST
[#45]
Quote HistoryQuoted: I had no idea that that many doctors weren't making 6 figures. I'm not going to see any doctor who's not making six figures. |
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Posted: 5/6/2024 8:00:43 PM EST
[#46]
Quote HistoryQuoted: This web site has taught me a lot and there’s a ton of smart people here…But the Dave Ramsey hate that’s so frequent here is really disappointing. He’s helped a lot of people. A lot. Successful people should want to teach others. Someone who did well for himself by a different method than he teaches should want to say right on man, keep helping people…You would think. I have more reason to dislike Dave Ramsey than anyone on this website, but its still a net positive and Arfcom is getting waaaaaay to caught up on hating everything because it isn't perfect. |
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Posted: 5/6/2024 8:00:50 PM EST
[#47]
Quote HistoryQuoted: According to ARFCOM, its the guys that replace HVAC capacitors. ?? FACTS! |
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Posted: 5/6/2024 8:02:15 PM EST
[#48]
Quote HistoryQuoted: Cops/Firefighters would probably make the list if it wasn’t for all the ex wives. So fucking true. Know a guy who had a huge 457b, like a million, and gave it all up to protect his pension from his ex. He pulls about 120k on the pension, so probably a smart move. |
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Posted: 5/6/2024 8:03:51 PM EST
[#49]
Quote HistoryQuoted: I think the 'becoming a millionaire' angle should have like an age reference with something like 'by age 40'. Yes, I'll be a liquid millionaire when I can access my 401k but of course I'll be 60 years old. It's not like I'm living a millionaire's life. Yeah it's not like the choice to be frugal and fiscally responsible, turns you into a mogul by 40. If virtually all of your money is in your house and retirement, you probably lived like you were broke your whole life (like me). You sacrifice some luxuries and splurging for what you hope is a bit more long term security. A lot of Americans spend it damn near as fast as they make it. But they aren't living what they would consider the lives of millionaires. They are just doing what comes so easy and a bit more fun in a consumer society. They will be broke and rely on family and SS when they are old. They will leave nothing for their kids. |
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Posted: 5/6/2024 8:03:59 PM EST
[#50]
Quote HistoryQuoted: https://www.ar15.com/media/mediaFiles/18716/IMG_8039-3201156.jpg Oh, wait...NOT DOOM! But in before it becomes DOOM! a million dollars aint what it used to be. |
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