Did you do extra payments. Who finally owns their Tacoma?

I'm the same way. I charge and pay before getting a statement.

 

You are the one being an idiot. I’ve done all that with my debit card.


What is important is being mindful of the “holds” being placed on the card. Call ahead and ask hotels and rental companies what the hold amounts are so you can balance your checking account accordingly.

 

This is the right answer.

 

Lol. My rate was 2.1%, my investments are going somewhere between 13-15% right now. The math ain't hard.

Keep in mind I have a DCSB '08 Prerunner, which is the vehicle I need. I could easily walk in today and buy a 2019, but I don't need that.

 

You're not getting any cash back or airline miles with your debit card. Dave Ramsey caters to idiots with no financial discipline. His show is entertaining when idiots call in with $150k in student loan debt for a degree in Art or History

 

I have a cash back rewards debit card.

You really need to know your stuff before hauling off and calling the most successful financial guru in the world an idiot.

I find every single time people criticize him do so without knowing his principles or being educated on his recommendations.

There is nothing wrong with not wanting to use a credit card. Absolutely nothing. I don’t understand why the simple recommendation to avoid debt or over spending causes you to lash out at others and make up completely untrue statements.

If you want to use a credit card go right ahead its a free country.
Just as people who don’t want to are free to do so as well. There is zero need to get personal when it comes to each individuals personal decisions.
Everyone needs to take control of their finances, I’m not going to attack someone for doing what works best for them.

 

It looks like the calculation was based on 11 percent. That ain't happening consistently over 40 years. Most likely maxing a Roth for 40 years will yield 1 million.

 

Is he your brother or something?

Dave Ramsey is an idiot and a white knight. If you listen to his show long enough he typically blames the husband for his wife's poor financial habits. The husband needs to take a job delivering pizzas while she sits at home eating bonbons type of nonsense.

 

The 80 year average for the S&P is 11.8%

I’m not going to get super technical because I’m not an investment pro but it is possible to consistently match the S&P.

Obviously there are many types of investment options in low to high risk.

 

I think you can get to two million but no way you're getting to 5.

 

It took 12 months on the GT350. Less for the Hellcat. If not I'll buy a C8.

 

Two would be a stretch as well. You're paying tax on contributions and fees to manage the account. Saying you can get to 5 million in a Roth is a dream scenario punched into a financial calculator without understanding how it works.

 

Well I passed 1 at 27 years and I'm an aggressive investor. I'm guessing 2 at 40 years is doable.

 

Roth was capped at $5,500 annually and I believe it just increased to $6,000. I don't believe they can be opened before you're 18. So that's 9 years investing $6000 to get to 1 million. I don't believe that in any way shape or form.

 

27 years investing

 

No, my loan interest rate is 2%. I can make a lot more in the market. Paying the loan off early is literally throwing money away.

 

That's not at all the advice he doles out at all. It's fine if you don't agree with him but calling someone an idiot who built a 900 employee company based on the financial advice he gives is somewhat ironic. I don't always agree with his investment advice but when it comes to getting your ish together and paying off debt it works. As per your previous statements, hotels, rentals, airlines etc. all will accept debit cards if you do your homework. Nothing wrong with using credit cards but I am of the opinion that thinking your getting rich off airline miles and points is off base. I travel 25-30 weeks out of the year for work and live that lifestyle.

Also nothing wrong with people who feel it's not the right call to put extra money towards the truck. The 1st problem (generally) with giving that advice to others is similar to people who say they are going to pay their 30 year mortgage like a 15... more often than not they don't. The 2nd problem is they can't repo a truck that has been paid for. Problem number 2 is there were a lot of people who thought they had bullet proof careers before the economy crashed in '07-'08. And yes there are some investments you can withdraw from but some will carry a penalty or tax implications. My wife and I spent Nov-June paying off our debt and all we have left now is the mortgage, could I have made a few extra bucks during that timeframe throwing that money into mutual funds etc. probably especially given how the economy has been but for us the peace of mind of everything being paid for/off is better.

 

Agreed fully.


Congrats on paying off all your debt!
Good luck with baby step 6.

 

There are ways to increase wealth using "borrowed money". Such are the times....

A former boss used to use a term I liked. It was "recession proof". That involves minimal debt.

 

Drove it off the lot paid off.