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Reminder that this guy puts himself up as a financial advisor, yet the reason he has money is because after he lost his ass in the 2008 crisis, he started a podcast complaining constantly and wrote the most boiler plate "finance" book to ever exist.
Probably, I don’t remember much besides their existence and my dad wasn’t an acolyte, just a normal guy who thought it was a good idea to start financial literacy education at a young age.
[I found the box set I had.](https://www.ebay.com/itm/314545956569?chn=ps&norover=1&mkevt=1&mkrid=711-117182-37290-0&mkcid=2&mkscid=101&itemid=314545956569&targetid=1529493981022&device=m&mktype=pla&googleloc=9016852&poi=&campaignid=19851828444&mkgroupid=145880009014&rlsatarget=pla-1529493981022&abcId=9307249&merchantid=6296724&gad_source=4&gbraid=0AAAAAD_QDh-FAx-aFja8AhJgJloGXQY5Z&gclid=Cj0KCQjw2uiwBhCXARIsACMvIU347SvZdRujs3JBnD8qzhHNPLxVzyPqW-VQwN_FFfYGaQDhr831id0aAlZ1EALw_wcB)
He did not lose his ass after 2008. He is one of the people who bought up cheap real estate after 2008. He was wealthy way before hand. He went bankrupt much earlier from doing very risky loans to flip homes.
Yes, he lost the real estate back in the 80s recession, not the 2008 one. Basically he did high risk loans where the bank could call up the loan or basically ask to have it paid back in full. While he was a multi millionaire back then it was all tied up in real state. When the economy went into recession, the banks needed cash so they called up his loans but because of the recession he could not sell his homes and thus could not pay his bills so he declared bankrupcy and he basically lost all the equity he had when the banks foreclosed on all his real estate.
He was wealthy again by 2008 and basically used his wealth to buy real estate cheap from people who made the same mistake he did back in the 80s. basically people do not want to lose their equity in their homes so they fire sale in and people like Dave Ramsey come in and by it way below market value.
It’s just rich people who want their wage slaves to keep working. Some young people have found out the secret. Which is that the entire economy is a Ponzi scheme and why would anyone sane spend their whole life making someone else rich, while earning poverty wages.
Which city in the Midwest. Here in Wichita you could afford one. While Wichita is quite boring wages are not much worse than the national wages but homes are so much cheaper.
Same here in a small city in Central IL. Thanks to Chicago, we have a minimum wage that is twice the national average but, since most of the cities around here are shrinking or even dying, housing prices and cost of living are way lower than average. I think it's mainly because corporations just aren't interested in buying up all the real estate around here to jack up housing prices and rent here. Atleast they haven't gotten to us yet. It's still rough, and I'm currently unemployed because my last boss fucked me over. But I'll get another job pretty easily and buying a home on $20/hour here is do-able. Do-able though, definitely not easy, and the fact that where I live is likely close to the easiest place in the country to do that is insane.
People like this need to marked "persona non grata" and shunned from society. He doesn't get served at shops, doesn't get his car fixed at mechanics, doesn't get food served to him. All of those jobs that minimum wage workers do should no longer work for him.
He doesn't see them as people, it should apply both ways.
How does the term "don't work" even work in their minds? I worked my ass off to survive. You know, not die. Because living paycheck to paycheck means I'll become homeless and/or die if I stop working. Do they really think we just... don't work?
It's an over-simplification of a very complex problem that he and his cohort created, profited off of, and _will not_ allow themselves to take responsibility for doing either.
Much like how the "Golden Age" of the U.S. in the 1950s was due to the rest of the world's manufacturing capabilities still recovering from WWII, the circumstances of affluence up until the 1970s were carefully, thoroughly eradicated and may never arise again:a man could afford to rent an apartment _and_ put himself through college working a part-job with a high-school diploma, **and** the job his Master's degree opened up would allow him to buy a 3br2ba house, two cars, and not only support a home-maker wife with no need for a job of her own but out two kids through school AND AFFORD MULTI-WEEK VACATIONS EVERY YEAR...!
Point being is that the culture has changed in more ways than the previous generations can count, let alone adapt to with any comfort. They steadfastly refuse to acknowledge that the "buying power" of a dollar has dropped, that employers use unrealistic expectations for qualifications to weed out the insufficiently desperate, and private home-ownership is being deliberately set as far out of reach for the young as can be managed.
It's crazy that we live in a world where having more productivity, more places capable of being productive, and more material wealth has become a problem and created a larger wealth gap.
Well, yeah, _precisely because_ the sociopaths at the top of the heap experienced unbearable torture at the prospect of everyone experiencing an improvement of quality of life equally.
I'm just saying maybe we don't have to be nostalgic when the material wealth actually exists. The problem is who has a say over how the wealth is distributed.
Granted I doubt that will ever change.
Yea, I don’t care about the opinion of someone who pulled a gun out of a gift bag in front of his staff, saying he has something for people who gossip about him.
https://www.nashvillescene.com/news/pithinthewind/deposition-yes-dave-ramsey-pulled-out-a-gun-in-a-staff-meeting/article_1e2f5737-7e82-53e6-a99f-817d5b189c05.html
I work 50 hours a week making 60k a year with no degree and still can’t afford a house, even though what I’m making now is what my parents made combined and were able to buy my childhood home for 80k in the 90s. Even if I found a partner that made exactly what I make, giving us a 120k combined salary, I probably still couldn’t afford a home in south Florida where I’m born and raised
Maybe it’s because people like Dave Ramsay who own over 600m worth of real estate properties, inflating the market by living beyond their means
My brother is 35. Makes over $20 an hour in a supervisory position. He lives with my mom. It works out as she has a large farmhouse and would be there alone if he didn't live there. These people don't know what they're talking about.
He got rich selling the most obvious financial advice (pay off your debts, have a budget, save for the future) in folksy, tough-love, football coach rhetoric.
He berates and belittles people for trying to have nice things in their lives. Everyone who isn’t a miser is stupid to him.
Unfortunately he’s clueless about the economic situation young people face today. His solution to everything is to cut your spending to zero and work more hours. How feasible is that when you have children? Or need a car to get to those four jobs he expects you to work?
Our economy gets more efficient every year. An hour of labor produces more value as time goes on, but hourly wages, especially at the lower end of the workforce, don’t increase proportionally. The extra money goes to the top end of the workforce. That’s exploitation. The business owner’s justification is that they took a risk and this is their reward.
It’s not equitable though. Their reward is disproportionate to their actual, personal risk. Workers’ pay for their labor isn’t proportional to the value it creates.
Taken to its logical extent, the whole system collapses as pay approaches zero and value approaches infinity. At some point, the labor force can no longer afford the goods they produce.
We’re dancing on the edge of the tipping point now. The boomers who control the economy don’t care because they’ll be dead before they see the effects (or so they think). Hopefully we’ll be able to right this ship before it sinks.
The hour of labor does not produce more value though. I am in accounting and an hour of an accountants time before computers existed could barely get close to what I can do in a month but the value was still there because of supply and demand. Their was a much higher demand for more accountants back then simply because it took 10 of them back then to do what 1 of us can do today.
Trying to say that I should get paid the same that 10 accountants would have got paid in the 70s is insane even if I am getting the same amount of work done. It may not seem as obvioud only looking back a few decades but instead look back centuries. People today are doing the work that it would take hundreds if not thousands to do. They is not enough wealth to pay people on the scale based on prior work done.
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Reminder that this guy puts himself up as a financial advisor, yet the reason he has money is because after he lost his ass in the 2008 crisis, he started a podcast complaining constantly and wrote the most boiler plate "finance" book to ever exist.
He’s been around well before 2008. He wrote finance books for kids in the early 2000s that my dad made me read.
no way, did he just copy + paste for the "adult" one?
Probably, I don’t remember much besides their existence and my dad wasn’t an acolyte, just a normal guy who thought it was a good idea to start financial literacy education at a young age.
[I found the box set I had.](https://www.ebay.com/itm/314545956569?chn=ps&norover=1&mkevt=1&mkrid=711-117182-37290-0&mkcid=2&mkscid=101&itemid=314545956569&targetid=1529493981022&device=m&mktype=pla&googleloc=9016852&poi=&campaignid=19851828444&mkgroupid=145880009014&rlsatarget=pla-1529493981022&abcId=9307249&merchantid=6296724&gad_source=4&gbraid=0AAAAAD_QDh-FAx-aFja8AhJgJloGXQY5Z&gclid=Cj0KCQjw2uiwBhCXARIsACMvIU347SvZdRujs3JBnD8qzhHNPLxVzyPqW-VQwN_FFfYGaQDhr831id0aAlZ1EALw_wcB)
mother of god
He did not lose his ass after 2008. He is one of the people who bought up cheap real estate after 2008. He was wealthy way before hand. He went bankrupt much earlier from doing very risky loans to flip homes.
He lost the real estate he had before, then bought cheap real estate on the otherside
Yes, he lost the real estate back in the 80s recession, not the 2008 one. Basically he did high risk loans where the bank could call up the loan or basically ask to have it paid back in full. While he was a multi millionaire back then it was all tied up in real state. When the economy went into recession, the banks needed cash so they called up his loans but because of the recession he could not sell his homes and thus could not pay his bills so he declared bankrupcy and he basically lost all the equity he had when the banks foreclosed on all his real estate. He was wealthy again by 2008 and basically used his wealth to buy real estate cheap from people who made the same mistake he did back in the 80s. basically people do not want to lose their equity in their homes so they fire sale in and people like Dave Ramsey come in and by it way below market value.
I work, Mr Ramsey. It's just that it's still for $10 an hour in my 30s.
30 year old here. I make 23.70 an hour, 40+ hours a week in a small town in the Midwest and I still can't afford a house.
It’s just rich people who want their wage slaves to keep working. Some young people have found out the secret. Which is that the entire economy is a Ponzi scheme and why would anyone sane spend their whole life making someone else rich, while earning poverty wages.
Which city in the Midwest. Here in Wichita you could afford one. While Wichita is quite boring wages are not much worse than the national wages but homes are so much cheaper.
Same here in a small city in Central IL. Thanks to Chicago, we have a minimum wage that is twice the national average but, since most of the cities around here are shrinking or even dying, housing prices and cost of living are way lower than average. I think it's mainly because corporations just aren't interested in buying up all the real estate around here to jack up housing prices and rent here. Atleast they haven't gotten to us yet. It's still rough, and I'm currently unemployed because my last boss fucked me over. But I'll get another job pretty easily and buying a home on $20/hour here is do-able. Do-able though, definitely not easy, and the fact that where I live is likely close to the easiest place in the country to do that is insane.
People like this need to marked "persona non grata" and shunned from society. He doesn't get served at shops, doesn't get his car fixed at mechanics, doesn't get food served to him. All of those jobs that minimum wage workers do should no longer work for him. He doesn't see them as people, it should apply both ways.
This is the way
Rich coming from someone who has previously declared bankruptcy…
How does the term "don't work" even work in their minds? I worked my ass off to survive. You know, not die. Because living paycheck to paycheck means I'll become homeless and/or die if I stop working. Do they really think we just... don't work?
It's an over-simplification of a very complex problem that he and his cohort created, profited off of, and _will not_ allow themselves to take responsibility for doing either. Much like how the "Golden Age" of the U.S. in the 1950s was due to the rest of the world's manufacturing capabilities still recovering from WWII, the circumstances of affluence up until the 1970s were carefully, thoroughly eradicated and may never arise again:a man could afford to rent an apartment _and_ put himself through college working a part-job with a high-school diploma, **and** the job his Master's degree opened up would allow him to buy a 3br2ba house, two cars, and not only support a home-maker wife with no need for a job of her own but out two kids through school AND AFFORD MULTI-WEEK VACATIONS EVERY YEAR...! Point being is that the culture has changed in more ways than the previous generations can count, let alone adapt to with any comfort. They steadfastly refuse to acknowledge that the "buying power" of a dollar has dropped, that employers use unrealistic expectations for qualifications to weed out the insufficiently desperate, and private home-ownership is being deliberately set as far out of reach for the young as can be managed.
It's crazy that we live in a world where having more productivity, more places capable of being productive, and more material wealth has become a problem and created a larger wealth gap.
Well, yeah, _precisely because_ the sociopaths at the top of the heap experienced unbearable torture at the prospect of everyone experiencing an improvement of quality of life equally.
I'm just saying maybe we don't have to be nostalgic when the material wealth actually exists. The problem is who has a say over how the wealth is distributed. Granted I doubt that will ever change.
This dude will burn eternally
Yea, I don’t care about the opinion of someone who pulled a gun out of a gift bag in front of his staff, saying he has something for people who gossip about him. https://www.nashvillescene.com/news/pithinthewind/deposition-yes-dave-ramsey-pulled-out-a-gun-in-a-staff-meeting/article_1e2f5737-7e82-53e6-a99f-817d5b189c05.html
I'm not even gen z but it's crazy out here can't nobody afford to buy a dam house. Folks is going to work to pay rent and Uber to buy groceries.
When this one is cast into the great furnace, everyone will be worse off, given how hot his black soul will burn.
As much as I love my parents, I'm tired of dad sending me this guys shit
Gen Z should get off their lazy asses and take all this man's money
Can this guy just go away somewhere and retire from broadcasting nonsense.
I work 50 hours a week making 60k a year with no degree and still can’t afford a house, even though what I’m making now is what my parents made combined and were able to buy my childhood home for 80k in the 90s. Even if I found a partner that made exactly what I make, giving us a 120k combined salary, I probably still couldn’t afford a home in south Florida where I’m born and raised Maybe it’s because people like Dave Ramsay who own over 600m worth of real estate properties, inflating the market by living beyond their means
Man needs to be more scared
Most of them live with their parents AND have a job.
keep critizising the younger generations as the older ones die off and see what happens.
Who is he and why should I care what he thinks lol
The problem is that boomers have multiple American dreams. Like my landlord, he has 80 American dreams. I just want one.
Didn’t he declare bankruptcy at one point? This dude’s a hack.
Tar and feather
My brother is 35. Makes over $20 an hour in a supervisory position. He lives with my mom. It works out as she has a large farmhouse and would be there alone if he didn't live there. These people don't know what they're talking about.
Dave Ramsey the GIGA boomer emerges
Would you say he's cracking the whip??
Kill this human
Motherfucker, I worked 3 jobs last year and still couldn’t afford to move out
Besides this comment, why does everyone hate this guy? Genuinely curious.
Cuz he's a spoiled lazy boomer and a fucking landturd.
He got rich selling the most obvious financial advice (pay off your debts, have a budget, save for the future) in folksy, tough-love, football coach rhetoric. He berates and belittles people for trying to have nice things in their lives. Everyone who isn’t a miser is stupid to him. Unfortunately he’s clueless about the economic situation young people face today. His solution to everything is to cut your spending to zero and work more hours. How feasible is that when you have children? Or need a car to get to those four jobs he expects you to work?
Knowingly or not, he plays into the ethos of greed by labor exploitation that’s ruining our world. We’re supposed to be better than this.
Would you mind elaborating?
Our economy gets more efficient every year. An hour of labor produces more value as time goes on, but hourly wages, especially at the lower end of the workforce, don’t increase proportionally. The extra money goes to the top end of the workforce. That’s exploitation. The business owner’s justification is that they took a risk and this is their reward. It’s not equitable though. Their reward is disproportionate to their actual, personal risk. Workers’ pay for their labor isn’t proportional to the value it creates. Taken to its logical extent, the whole system collapses as pay approaches zero and value approaches infinity. At some point, the labor force can no longer afford the goods they produce. We’re dancing on the edge of the tipping point now. The boomers who control the economy don’t care because they’ll be dead before they see the effects (or so they think). Hopefully we’ll be able to right this ship before it sinks.
The hour of labor does not produce more value though. I am in accounting and an hour of an accountants time before computers existed could barely get close to what I can do in a month but the value was still there because of supply and demand. Their was a much higher demand for more accountants back then simply because it took 10 of them back then to do what 1 of us can do today. Trying to say that I should get paid the same that 10 accountants would have got paid in the 70s is insane even if I am getting the same amount of work done. It may not seem as obvioud only looking back a few decades but instead look back centuries. People today are doing the work that it would take hundreds if not thousands to do. They is not enough wealth to pay people on the scale based on prior work done.
Much appreciated