• NewNewAccount@lemmy.world
    link
    fedilink
    English
    arrow-up
    10
    arrow-down
    8
    ·
    18 days ago

    Nah he’s alright. There is no nuance in his advice but for the majority of his listeners that’s probably a good thing.

    • Kroxx@lemm.ee
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      1
      ·
      17 days ago

      Yeah he has some shit personally takes and I hate the way he runs his company. He does give pretty decent financial advice though

      • capital@lemmy.world
        link
        fedilink
        English
        arrow-up
        10
        ·
        17 days ago

        No he doesn’t.

        I can give better advice in a similarly easy to consume manner, applicable to most.

        1. Invest in a low cost target date fund. Look at Vanguard target date funds for examples and pick a year close to your expected retirement date.

        2. Pay your highest interest debt before lower.

        Both of these pieces of advice make you more money than doing what Ramsay says and are equally easy to understand.

        • Frozengyro@lemmy.world
          link
          fedilink
          English
          arrow-up
          4
          arrow-down
          3
          ·
          edit-2
          17 days ago

          Yes, but do people do it? No.

          Do people actually do what Ramsey suggests, even if it isn’t mathematically perfect? Yes.

          You’re under estimating the human factor.