Comments for Dave Ramsey Vs ??? http://www.daveramseyvs.com My Thoughts On Dave Ramsey Vs Other Financial Advisors Wed, 06 Jan 2010 03:06:04 +0000 http://wordpress.org/?v=2.9.1 hourly 1 Comment on Dave Ramsey Vs Rich Dad Richard Kiyosaki by Daniel Grossberg http://www.daveramseyvs.com/?p=30&cpage=1#comment-20 Daniel Grossberg Wed, 06 Jan 2010 03:06:04 +0000 http://www.daveramseyvs.com/?p=30#comment-20 Jonathan is gravely mistaken (on all counts), and Jason's answer is incomplete (though entirely correct). To respond to each of Jonathan's points. 1. Dave's system is NOT dependent on others staying in debt. Quite the opposite. I have no idea where you got that from. 2. Dave addresses leveraging in all of his books and seminars. He opposes it, but he doesn't ignore it. Once again, no idea where you got that idea. 3. You are once again completely wrong, but Jason amply responds. No business, small or large, needs debt. Debits and credits exist whether or not you are actually borrowing money. Any time you perform a service for a client, or send them a product, you are owed money unless they are paying on the spot. You send them a bill and they pay it. That does not, however, equate to a loan. Jonathan is gravely mistaken (on all counts), and Jason’s answer is incomplete (though entirely correct).

To respond to each of Jonathan’s points.

1. Dave’s system is NOT dependent on others staying in debt. Quite the opposite. I have no idea where you got that from.

2. Dave addresses leveraging in all of his books and seminars. He opposes it, but he doesn’t ignore it. Once again, no idea where you got that idea.

3. You are once again completely wrong, but Jason amply responds. No business, small or large, needs debt. Debits and credits exist whether or not you are actually borrowing money. Any time you perform a service for a client, or send them a product, you are owed money unless they are paying on the spot. You send them a bill and they pay it. That does not, however, equate to a loan.

]]> Comment on Will Barack Obama Do A Credit Card Bailout? by Reece http://www.daveramseyvs.com/?p=40&cpage=1#comment-19 Reece Mon, 23 Nov 2009 17:17:29 +0000 http://www.daveramseyvs.com/?p=40#comment-19 The government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

]]> Comment on Will Barack Obama Do A Credit Card Bailout? by feodor http://www.daveramseyvs.com/?p=40&cpage=1#comment-18 feodor Fri, 20 Nov 2009 00:44:55 +0000 http://www.daveramseyvs.com/?p=40#comment-18 Change your thoughts and you change your world. Change your thoughts and you change your world.

]]> Comment on Dave Ramsey Criticisms by reggie http://www.daveramseyvs.com/?p=22&cpage=1#comment-17 reggie Thu, 03 Sep 2009 16:37:34 +0000 http://www.daveramseyvs.com/?p=22#comment-17 I am a huge Dave Ramsey fan, I believe everything he has the most realistic principals of all the financial advisers. I have read most of the their books and his are perfect for my wife and I. Go Dave! I am a huge Dave Ramsey fan, I believe everything he has the most realistic principals of all the financial advisers. I have read most of the their books and his are perfect for my wife and I. Go Dave!

]]> Comment on Using Leverage = IE Good Debt by Copy and Credit http://www.daveramseyvs.com/?p=38&cpage=1#comment-16 Copy and Credit Sun, 02 Aug 2009 02:33:23 +0000 http://www.daveramseyvs.com/?p=38#comment-16 Actually Kiyosaki is against bad debt as well as any debt that doesn't get amortized. The risk of good debt becoming bad can be instant (ie your rental property losing renters) without a backup plan or if you're overleveraged. But he doesn't recommend that you not pay your bills/debts. Actually Kiyosaki is against bad debt as well as any debt that doesn’t get amortized. The risk of good debt becoming bad can be instant (ie your rental property losing renters) without a backup plan or if you’re overleveraged. But he doesn’t recommend that you not pay your bills/debts.

]]> Comment on Dave Ramsey Vs Rich Dad Richard Kiyosaki by Jason http://www.daveramseyvs.com/?p=30&cpage=1#comment-13 Jason Thu, 09 Jul 2009 22:59:21 +0000 http://www.daveramseyvs.com/?p=30#comment-13 Jonathan, Actually there are several extremely large sized companies that aren't in debt. Chick-Fil-A, Microsoft, Apple to name just a few. Cash flow is always a huge topic in a weak economy or not. Jonathan,

Actually there are several extremely large sized companies that aren’t in debt. Chick-Fil-A, Microsoft, Apple to name just a few. Cash flow is always a huge topic in a weak economy or not.

]]> Comment on Dave Ramsey Vs Rich Dad Richard Kiyosaki by Jonathan http://www.daveramseyvs.com/?p=30&cpage=1#comment-3 Jonathan Wed, 25 Mar 2009 04:27:44 +0000 http://www.daveramseyvs.com/?p=30#comment-3 Dave Ramsey is beneficial for some, especially those who have a significant amount of debt in their household. However Dave's advice of living debt free isn't necessarily the best way to base for everyone to live all the time. In fact he can only espouse such a viewpoint due to the fact that the majority of Americans will continue to leverage debt. His system is ultimately dependent on a larger debt based monetary system. Should everyone pay off their debts and pay cash only then the system wouldn't last long in its current form. Secondly Dave mentions nothing about proper debt leverage. Thirdly Dave's solution to rely strictly on cash would only apply to individuals and not business models especially medium to large businesses. The fundamental mistake Dave Ramsey makes is his own disregard for use of debit and credits in accounting. Debits and Credits are the primary building blocks of an account ledger. It is impossible to avoid debit and credit... unless of course you're cooking the books. Dave Ramsey is beneficial for some, especially those who have a significant amount of debt in their household. However Dave’s advice of living debt free isn’t necessarily the best way to base for everyone to live all the time. In fact he can only espouse such a viewpoint due to the fact that the majority of Americans will continue to leverage debt. His system is ultimately dependent on a larger debt based monetary system. Should everyone pay off their debts and pay cash only then the system wouldn’t last long in its current form. Secondly Dave mentions nothing about proper debt leverage. Thirdly Dave’s solution to rely strictly on cash would only apply to individuals and not business models especially medium to large businesses. The fundamental mistake Dave Ramsey makes is his own disregard for use of debit and credits in accounting. Debits and Credits are the primary building blocks of an account ledger. It is impossible to avoid debit and credit… unless of course you’re cooking the books.

]]> Comment on Why A Dave Ramsey Vs Blog? by Do You Dave Ramsey? http://www.daveramseyvs.com/?p=9&cpage=1#comment-2 Do You Dave Ramsey? Sun, 15 Feb 2009 19:22:21 +0000 http://www.daveramseyvs.com/?p=9#comment-2 Good idea here... I think many of the leading financial writers have similar advice on some topics but may try to carve out elements unique to themselves. Ramsey and Kiyosaki may be the most opposed on some points but not all - I'll have to read your post for the full skinny. I just recently lauched a Ramsey-oriented blog as well - give a look at DoYouDaveRamsey.com. I've received feedback that I may be infringing on a copyright by using his name. Have you received similar feedback? I written a letter to Dave which I currently have sceduled to post as an article tomorrow. I hope it's not an issue and you make the 3rd site I've found (4 counting me) that is using his name in this way. Good luck with the new blog, I look forward to reading some of the comparisons. Thanks, Dave Good idea here… I think many of the leading financial writers have similar advice on some topics but may try to carve out elements unique to themselves. Ramsey and Kiyosaki may be the most opposed on some points but not all – I’ll have to read your post for the full skinny.

I just recently lauched a Ramsey-oriented blog as well – give a look at DoYouDaveRamsey.com. I’ve received feedback that I may be infringing on a copyright by using his name. Have you received similar feedback? I written a letter to Dave which I currently have sceduled to post as an article tomorrow. I hope it’s not an issue and you make the 3rd site I’ve found (4 counting me) that is using his name in this way.
Good luck with the new blog, I look forward to reading some of the comparisons.
Thanks,
Dave

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