Cycling and bicycle discussion forums. 
   Click here to join our community Log in to access your Control Panel  


Go Back   > >

Foo Off-Topic chit chat with no general subject.

User Tag List

Reply
 
Thread Tools Search this Thread
Old 09-09-07, 11:32 AM   #1
midschool22
Digging in the pain cave.
Thread Starter
 
midschool22's Avatar
 
Join Date: Nov 2006
Bikes:
Posts: 710
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Any Dave Ramsey fans out there?

I was curious to know if there are any Dave Ramsey fans out in the Foo galaxy?
midschool22 is offline   Reply With Quote
Old 09-09-07, 11:45 AM   #2
ManBearPig
1/2 man,1/2 bear,1/2 pig
 
ManBearPig's Avatar
 
Join Date: May 2004
Location: .
Bikes: .
Posts: 1,122
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Outdated.
__________________
...

Last edited by ManBearPig; 12-22-07 at 10:54 AM.
ManBearPig is offline   Reply With Quote
Old 09-09-07, 11:46 AM   #3
Portis
Banned.
 
Join Date: Sep 2003
Location: Home alone
Bikes: Trek 4300 X 2. Trek 1000, Trek 6000
Posts: 6,019
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Sort of a fan. I think his message is good, but I am a little skeptical of anyone who makes millions off of telling others how to live their financial lives, meanwhile pedaling B-alive royal jelly.
Portis is offline   Reply With Quote
Old 09-09-07, 11:51 AM   #4
Maelstrom 
Wood Licker
 
Maelstrom's Avatar
 
Join Date: Apr 2002
Location: Whistler,BC
Bikes: Transition Dirtbag, Kona Roast 2002 and specialized BMX
Posts: 16,885
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Oh **** I thought this was about gordon ramsey
Maelstrom is offline   Reply With Quote
Old 09-09-07, 12:05 PM   #5
midschool22
Digging in the pain cave.
Thread Starter
 
midschool22's Avatar
 
Join Date: Nov 2006
Bikes:
Posts: 710
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Towlie-I'm on step 3 and going to FPU in a few weeks.
midschool22 is offline   Reply With Quote
Old 09-09-07, 12:09 PM   #6
ManBearPig
1/2 man,1/2 bear,1/2 pig
 
ManBearPig's Avatar
 
Join Date: May 2004
Location: .
Bikes: .
Posts: 1,122
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Outdated.
__________________
...

Last edited by ManBearPig; 12-22-07 at 10:54 AM.
ManBearPig is offline   Reply With Quote
Old 09-09-07, 12:28 PM   #7
Portis
Banned.
 
Join Date: Sep 2003
Location: Home alone
Bikes: Trek 4300 X 2. Trek 1000, Trek 6000
Posts: 6,019
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
If everyone followed his advice the economy would be in the tank.
Portis is offline   Reply With Quote
Old 09-09-07, 12:38 PM   #8
midschool22
Digging in the pain cave.
Thread Starter
 
midschool22's Avatar
 
Join Date: Nov 2006
Bikes:
Posts: 710
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
1-Put $1000 away for a beginner emergency fund.
2-Pay off all debt except house.
3-Finish emergency fund at 3-6 months of expenses.
4-Invest 15% of income into retirement.
5-Save for kids college (if you have kids).
6-Pay off house.
7-Build wealth from investments with NO PAYMENTS.
midschool22 is offline   Reply With Quote
Old 09-10-07, 11:10 AM   #9
Kevin S
Senior Member
 
Join Date: Jun 2001
Location: Atlanta, GA, USA (Northwest suburbs)
Bikes:
Posts: 133
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Portis View Post
If everyone followed his advice the economy would be in the tank.
Yes, if everybody took his advice at the same time the economy would tank. However, since it is a one person at a time thing, it will be much better in the long run. Get rid of the debt and you can spend that money on other things including your retirement. Looked at the other way, what if nobody took his advice and kept getting deeper in debt. What happens when you can no longer work, or get laid off, or have to take a cut in pay?

Working on Baby Step 1.
__________________
"Stay vertical, Fred."
- Frank Krygowski
http://www.bicyclinglife.com/SafetySkills/index.html
Kevin S is offline   Reply With Quote
Old 09-10-07, 11:11 AM   #10
KingTermite 
On my TARDIScycle!
 
KingTermite's Avatar
 
Join Date: Jun 2005
Location: Eastside Seattlite Termite Mound
Bikes: Trek 520, Trek Navigator 300, Peugeot Versailles PE10DE
Posts: 3,924
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Maelstrom View Post
Oh **** I thought this was about gordon ramsey
Ramsey Lewis anybody?
__________________
Quote:
Originally Posted by coffeecake View Post
- it's pretty well established that Hitler was an *******.
KingTermite is offline   Reply With Quote
Old 09-10-07, 11:32 AM   #11
Indy_Rider
Banned
 
Indy_Rider's Avatar
 
Join Date: Dec 2004
Location: On a boat
Bikes: 2000 Fisher Paragon, 2005 Giant OCR2, 2006 Bianchi SASS, numerous others
Posts: 56
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I am a fan, I think it is hilarious. It would be really scary if the callers were actually real.
Indy_Rider is offline   Reply With Quote
Old 09-10-07, 11:37 AM   #12
Blue Jays
Banned
 
Join Date: Jun 2006
Location: United States
Bikes: roadbikes and full-suspension mountainbikes
Posts: 1,926
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Seems like reasonable and prudent financial advice whenever I've heard his radio program.
Blue Jays is offline   Reply With Quote
Old 09-10-07, 11:44 AM   #13
squegeeboo
******
 
squegeeboo's Avatar
 
Join Date: Dec 2006
Location: Rochester, NY
Bikes: Specalized Tri-Cross
Posts: 951
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Interesting advice he seems to have.

Me, I just use this as a template:
Don't buy stuff you can't afford

But his advice of 3-6 months worth of savings is darn good. I've built it up a few times, and I've used it a few times.
__________________
In the words of Einstein
"And now I think I'll take a bath"
squegeeboo is offline   Reply With Quote
Old 09-10-07, 12:03 PM   #14
Indy_Rider
Banned
 
Indy_Rider's Avatar
 
Join Date: Dec 2004
Location: On a boat
Bikes: 2000 Fisher Paragon, 2005 Giant OCR2, 2006 Bianchi SASS, numerous others
Posts: 56
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
His anti credit card rant and his love of debit cards are really wrong though. Not the credit card companies fault that people don't have self control, and the lack of security a debit card has is really dangerous. Ask anyone who has had a credit card stolen how big of a pain that is, and then imagine it was your debit card. Your bank account would be cleaned out and you do not get that money back until the dispute is resolved which can take over a year to do.
Indy_Rider is offline   Reply With Quote
Old 09-10-07, 12:18 PM   #15
bluebottle1
Kicked out of the Webelos
 
bluebottle1's Avatar
 
Join Date: Apr 2005
Bikes:
Posts: 239
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I started following his advice a few years ago. The guy speaks in "bumper sticker" a little much for my tastes, but the basic advice is good and frankly, really simple. Just don't spend more than you make.
__________________
______________________________________________

Kicked out of the Webelos.
bluebottle1 is offline   Reply With Quote
Old 09-10-07, 12:57 PM   #16
Portis
Banned.
 
Join Date: Sep 2003
Location: Home alone
Bikes: Trek 4300 X 2. Trek 1000, Trek 6000
Posts: 6,019
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by bluebottle1 View Post
I started following his advice a few years ago. The guy speaks in "bumper sticker" a little much for my tastes, but the basic advice is good and frankly, really simple. Just don't spend more than you make.

That's really not the message. Well, it is but the message is also to never borrow money and NEVER use a credit card. How many things would most of us have it we NEVER borrowed money or NEVER used a credit card?

I use a credit card for basically every single thing i purchase. Then at the end of the month we write a check and pay it off. It's not the credit card that is evil. It is the person that has no concept of math or no restraint, that is dangerous.

Like I said earlier, i think the message is good, but it paints the whole picture with a pretty broad brush.
Portis is offline   Reply With Quote
Old 09-10-07, 01:12 PM   #17
Indy_Rider
Banned
 
Indy_Rider's Avatar
 
Join Date: Dec 2004
Location: On a boat
Bikes: 2000 Fisher Paragon, 2005 Giant OCR2, 2006 Bianchi SASS, numerous others
Posts: 56
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Portis View Post
That's really not the message. Well, it is but the message is also to never borrow money and NEVER use a credit card. How many things would most of us have it we NEVER borrowed money or NEVER used a credit card?

I use a credit card for basically every single thing i purchase. Then at the end of the month we write a check and pay it off. It's not the credit card that is evil. It is the person that has no concept of math or no restraint, that is dangerous.

Like I said earlier, i think the message is good, but it paints the whole picture with a pretty broad brush.
Based on the callers, most of the people he is helping is not very bright. So if you made it any more detailed, they would not be able to understand it. Besides, they have to have some one to blame instead of blaming their own stupidity.
Indy_Rider is offline   Reply With Quote
Old 09-10-07, 01:27 PM   #18
Jerseysbest
J E R S E Y S B E S T
 
Jerseysbest's Avatar
 
Join Date: Apr 2005
Location: DC
Bikes:
Posts: 1,849
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Indy_Rider View Post
Based on the callers, most of the people he is helping is not very bright. So if you made it any more detailed, they would not be able to understand it. Besides, they have to have some one to blame instead of blaming their own stupidity.
Exactly.

People are stupid.
Jerseysbest is offline   Reply With Quote
Old 09-10-07, 01:49 PM   #19
bluebottle1
Kicked out of the Webelos
 
bluebottle1's Avatar
 
Join Date: Apr 2005
Bikes:
Posts: 239
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Portis View Post
That's really not the message. Well, it is but the message is also to never borrow money and NEVER use a credit card. How many things would most of us have it we NEVER borrowed money or NEVER used a credit card?

I use a credit card for basically every single thing i purchase. Then at the end of the month we write a check and pay it off. It's not the credit card that is evil. It is the person that has no concept of math or no restraint, that is dangerous.

Like I said earlier, i think the message is good, but it paints the whole picture with a pretty broad brush.
That's kind of my point is saying that he speaks in bumper sticker. I have some debt on a monthly basis, sure, but it's pretty much never anything that I'm not paying off at the end of the month. I'm buying a car in a few weeks. I'll be paying cash for it. No note, no loan, no nothing. It's not until you really look at finance transactions that you realize that 50% of what you're paying turns out to be interest payments. Thus, the more finance transactions you avoid, the better off you are.
__________________
______________________________________________

Kicked out of the Webelos.
bluebottle1 is offline   Reply With Quote
Old 09-10-07, 02:03 PM   #20
Jerseysbest
J E R S E Y S B E S T
 
Jerseysbest's Avatar
 
Join Date: Apr 2005
Location: DC
Bikes:
Posts: 1,849
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by bluebottle1 View Post
That's kind of my point is saying that he speaks in bumper sticker. I have some debt on a monthly basis, sure, but it's pretty much never anything that I'm not paying off at the end of the month. I'm buying a car in a few weeks. I'll be paying cash for it. No note, no loan, no nothing. It's not until you really look at finance transactions that you realize that 50% of what you're paying turns out to be interest payments. Thus, the more finance transactions you avoid, the better off you are.
Isn't that common sense? Why do people need a radio host to tell them that?
Jerseysbest is offline   Reply With Quote
Old 09-10-07, 02:59 PM   #21
bluebottle1
Kicked out of the Webelos
 
bluebottle1's Avatar
 
Join Date: Apr 2005
Bikes:
Posts: 239
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Jerseysbest View Post
Isn't that common sense? Why do people need a radio host to tell them that?
There are a lot of people out there who need someone to tell them that water is wet.
__________________
______________________________________________

Kicked out of the Webelos.
bluebottle1 is offline   Reply With Quote
Old 09-10-07, 03:00 PM   #22
Portis
Banned.
 
Join Date: Sep 2003
Location: Home alone
Bikes: Trek 4300 X 2. Trek 1000, Trek 6000
Posts: 6,019
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by bluebottle1 View Post
There are a lot of people out there who need someone to tell them that water is wet.
Yeah, i don't think that is common sense. It might be what is referred to as common sense but it certainly isn't common in the average consumer. Most look at the monthly payment and how bad they want it. Aside from that, they just buy it and move on.
Portis is offline   Reply With Quote
Old 09-10-07, 03:03 PM   #23
eofelis 
The Rock Cycle
 
eofelis's Avatar
 
Join Date: Dec 2005
Location: Western Colorado
Bikes: Salsa Vaya Ti, Specialized Ruby, Gunnar Sport, Motobecane Fantom CXX, Jamis Dragon, Novara Randonee x2
Posts: 1,660
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 2 Post(s)
Quote:
Originally Posted by bluebottle1 View Post
the more finance transactions you avoid, the better off you are.
+1
__________________
Gunnar Sport
Specialized Ruby
Salsa Vaya Ti
Novara Randonee x2
Motobecane Fantom CXX
Jamis Dakar XCR
eofelis is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -6. The time now is 02:11 PM.