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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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Originally Posted By miseses: How about we go by bankruptcies. If your number is 0, it's fewer than Ramsey. View Quote View All Quotes View All Quotes Originally Posted By miseses: Originally Posted By FALARAK: Originally Posted By JeepersCreepers: 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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Originally Posted By FALARAK: That kinda the point. That's his experience. It isn't like it is some secret. Weird position to make. View Quote View All Quotes View All Quotes Originally Posted By FALARAK: Originally Posted By miseses: Originally Posted By FALARAK: Originally Posted By JeepersCreepers: 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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Originally Posted By miseses: 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. View Quote View All Quotes View All Quotes Originally Posted By miseses: Originally Posted By FALARAK: Originally Posted By miseses: Originally Posted By FALARAK: Originally Posted By JeepersCreepers: 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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Originally Posted By FALARAK: Wow, you just keep digging. Congrats, I guess? View Quote View All Quotes View All Quotes Originally Posted By FALARAK: Originally Posted By miseses: Originally Posted By FALARAK: Originally Posted By miseses: Originally Posted By FALARAK: Originally Posted By JeepersCreepers: 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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Originally Posted By SavedByTheBlood: And in true Arfcom fashion someone comes along to poop on the skilled trades. View Quote View All Quotes View All Quotes Originally Posted By SavedByTheBlood: Originally Posted By CVO: 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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Winner of Most FPNI 2018, 2022, 2023
KS, USA
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Make Occam's Razor Great Again
It's not about if you win or lose. It's about how many rules they have to add afterwards. |
Winner of Most FPNI 2018, 2022, 2023
KS, USA
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Make Occam's Razor Great Again
It's not about if you win or lose. It's about how many rules they have to add afterwards. |
Originally Posted By Notcalifornialegal: Not a Dave Ramsey fan but this is a shitty take. View Quote View All Quotes View All Quotes Originally Posted By Notcalifornialegal: Originally Posted By miseses: 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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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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Originally Posted By miseses: 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. View Quote View All Quotes View All Quotes Originally Posted By miseses: Originally Posted By FALARAK: Originally Posted By miseses: Originally Posted By FALARAK: Originally Posted By miseses: Originally Posted By FALARAK: Originally Posted By JeepersCreepers: 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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Winner of Most FPNI 2018, 2022, 2023
KS, USA
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Originally Posted By miseses: 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. View Quote 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. |
Make Occam's Razor Great Again
It's not about if you win or lose. It's about how many rules they have to add afterwards. |
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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Originally Posted By Lou_Daks: 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. View Quote 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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Winner of Most FPNI 2018, 2022, 2023
KS, USA
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Originally Posted By boolzi: No, Ramsey peddles to those in needt, just like the YouTube keto/health channels do to the fat bodies. It hugely profitable to exploit. View Quote 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? |
Make Occam's Razor Great Again
It's not about if you win or lose. It's about how many rules they have to add afterwards. |
Winner of Most FPNI 2018, 2022, 2023
KS, USA
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Originally Posted By eagarminuteman: 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. View Quote 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. |
Make Occam's Razor Great Again
It's not about if you win or lose. It's about how many rules they have to add afterwards. |
Originally Posted By Lou_Daks: I know. But it's not a joke to them. Some of them think they're victims. View Quote 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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Originally Posted By Notcalifornialegal: 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? View Quote View All Quotes View All Quotes Originally Posted By Notcalifornialegal: Originally Posted By boolzi: 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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Winner of Most FPNI 2018, 2022, 2023
KS, USA
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Make Occam's Razor Great Again
It's not about if you win or lose. It's about how many rules they have to add afterwards. |
Originally Posted By Kingstrider: Lol teacher what is that guy smoking? Most teachers I know don't make squat. View Quote 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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Life member of CRPA. FPC contributor.
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Originally Posted By SCvARminter: 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. View Quote What exactly is a "millionaire's life" ? |
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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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Originally Posted By miseses: 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. View Quote He is quickly approaching or has surpassed the $1B mark. Is your way more effective than his? |
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Originally Posted By bagofcrabs65: 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. View Quote 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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"I believe in Christianity as I believe that the sun has risen: not only because I see it, but because by it I see everything else."
-C.S. Lewis |
Originally Posted By neshomamench: 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. View Quote 100% this. |
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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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Originally Posted By NWJohnny: He is quickly approaching or has surpassed the $1B mark. Is your way more effective than his? View Quote 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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Originally Posted By miseses: 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. View Quote View All Quotes View All Quotes Originally Posted By miseses: Originally Posted By Notcalifornialegal: Originally Posted By miseses: 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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Teacher
My better half is a teacher and she’s no where near a millionaire! |
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Suck it blankskins, your pink flesh is an invite to hot burning metal rape - RustedAce
I <3 Essex Girls! |
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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Those who beat swords into plowshares usually end up plowing for those who don't. --Benjamin Franklin.
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Originally Posted By miseses: How about we go by bankruptcies. If your number is 0, it's fewer than Ramsey. View Quote 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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I had no idea that that many doctors weren't making 6 figures.
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Originally Posted By MachRider: I can't believe he put teachers over doctors, dentists, nurses, and actuaries. View Quote 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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Originally Posted By SavedByTheBlood: And in true Arfcom fashion someone comes along to poop on the skilled trades. View Quote View All Quotes View All Quotes Originally Posted By SavedByTheBlood: Originally Posted By CVO: 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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Originally Posted By StevenH: 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. View Quote View All Quotes View All Quotes Originally Posted By StevenH: Originally Posted By Kingstrider: 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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subversive orchestrator
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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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AMDG
At this point everybody can suck it! -Dru |
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Winner of Most FPNI 2018, 2022, 2023
KS, USA
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Originally Posted By MikeMilligan: 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. View Quote 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. |
Make Occam's Razor Great Again
It's not about if you win or lose. It's about how many rules they have to add afterwards. |
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Originally Posted By BuckeyeRifleman: Cops/Firefighters would probably make the list if it wasn’t for all the ex wives. View Quote 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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a loaded gun won’t set you free, so they say…
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Originally Posted By SCvARminter: 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. View Quote 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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Originally Posted By KILLERB6: https://www.ar15.com/media/mediaFiles/18716/IMG_8039-3201156.jpg Oh, wait...NOT DOOM! But in before it becomes DOOM! View Quote a million dollars aint what it used to be. |
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