Dave Ramsey is Awesome!

yeah that wouldnt sound like a good idea to me either. a lot of guys in my union are pulling out their annuitys to pay off houses, debt, ect. im not touching mine...its a 40% loss just to pull it out. i dont really know what they are thinking. some of them are doing it just to buy a new car....i think when my generation hits retirement age...things are going to get scary

oh im 23 by the way

I like Dave Ramsey and agree with you about Glenn Beck.
This is a wonderful Country and we will survive!!!
God BLess America!!

Dave Ramsey has always given good sound advice and many people listen to his advice, even (I'm pretty sure) that he passed away.

However, I'm not sure I agree that this country will heal.
Not the direction that it is headed and has been heading since just after Ronald Reagan with Bush I!

America will survive but I'm not sure to what extent we will survive to, or what the final outcome if Obama succeeds in getting a one world government put into effect!
Mooch

nice way to gently turn the threads topic mooch lol. but i think your half right...despite my usual disagreement with you.
i dont think things will ever be the same again...now we have to adapt to actual competitors in the global market....heres hoping it all ends up alright

Remember Beck is pushing information, that needs to be looked at, and responded to. To panic on this, is not right either, and has never pushed that way.
Yes I listen to Beck, and get his news letters, because he has been on tract more than wrong. Better than anyone out there on political views. Finacially I look at what Clark Hopward says, and use that information for finacial issues. Each has to have their place, or you get confussed and panic to do wrong things.
If Ramsy is good on economics, then listen to him on that area, and someone of the political spectrum for that area. Always seperate sources for seperate issues. And never base anything on one sourse. :)

Dan,
I think that's good advice.

I need to get some Dave Ramsey to read

Paid our house off a long time ago.

That long!

lol - your are funny, Tim - you always crack me up...

the big box was actually an accident, actually I don't know how it happen

Not a follower of Dave Ramsey and believe you should get out of ALL debt.

Look at your 401k - how many years, at 10% per year will it take to get it back to where it was when it fell this year. Maybe only 12, if your are fortunate.

Now, we haven't even talked about the devaluation of the dollar, another HUGE loss to our investments/prosperity.

And, why do you turn over control of your money to someone else? YOU HAVE NOT CONTROL!

Cashed in my 401k early 2007 (don't you wish you did?); rest in Jan, 2008. I now have control of my own money. Have it in a separate account ONLY used for making money. Take some out, make some money on this or that, and put it all back in. SEE, TOTAL CONTROL!

I call this account my WCA (Wealth Contribution Account) - it is a simple savings account set aside for this reason only.

Here are a couple recommended books/webistes to help you figure out what you may want to do and dispels FALSE myths about money and what to do with it.


LEAP System
I have the book but think you will get a huge idea of their strategies - totally different that mainstream financial planners push upon you.

Killing Sacred Cows
I have several copies of this book which I give/loan to friends and family. (also know the authors)

Before I was laid off last November, I put 33% of my gross income into two IRA's, one a Roth, and one a regular.

It made 35% so far this year, just sitting there.

Good call, but please go to at least the links and read everything you can cick on.

Guy W. , October 30, 2009, 06:55 PM EDT
The only cow here, you fat ugly bovine, is you. If you want the cow out of anything, you'll have to remove your own fat, ugly, stupid ass.

Carol, get some professional financial help. We all can give you many different views; even Dave and Glenn don't always know what's best.

I have never listened to Glenn Beck, and maybe I won't.

Cashing out your IRA before 59 1/2 is financial suicide. You will be taxed for the amount you take out plus 10% penalty. So if you are in the 28% tax bracket, you would be paying 38% total income tax on April 15th plus your normal income tax. Don't do it.

I've been teaching Dave Ramsey's Financial Peace University for the last 7 years, and I am happy to say I know many converts to becoming wealthy. But you must reduce your lifestyle for a year or two to become debt-free, and start saving for more emergency, retirement, and college funds.

I am happy to say that 15 years after being laid off, with stay-at-home mom and 3 little children, we turned our lives around by eliminating debts and mortgage, and building up wealth through Dave's investment system. I am about to retire 5 years before my full retirement age, without having to take Social Security benefit until 70 years old.

I recommend Dave Ramsey's class to all who seek a better way. His class is everywhere (look up Financial Peace University on Google) and it's very affordable.

When I was driving truck I had satellite radio and would listen to Dave Ramsey's show every day. What he says makes sense to me. I have so far paid off my car got rid of the credit cards and when my husbands car died beyond repair we bought a used one which runs really well! the only Debt we have is our mortgage and a loan he is working on paying off. he makes a payment higher than the minimum payment to save on the interest. We are doing the same with the mortgage as well. And yeah we have had to do the ramen noodle weeks to be able to do that but it will be worth it in the end. We have a savings account with a fair rate(well as fair as you are going to get this day and age) this account has about 3 months of over head in it as the 0 balance and we are working on building that to a 6 month amount for the 0 balance. once we reach that goal every thing else will be just savings for things we wish for. we don't live on the credit roller coaster any more except for those 2 things.
I don't understand how we or any one else wanted to live beyond their means.Yeah it's nice to have things but when the bills come yikes what a head ache. Even for Christmas. why go into debt to give things people may not appreciate any way. I make the gifts I give.