#183: Analyzing the gurus: Dave Ramsey

We begin a new series about analyzing the gurus! We’ll be spending time discussing several big personal finance names, their recommendations, and why we do or do not agree with those. First up, arguably the biggest–Dave Ramsey! Josh and Amelie tackle the baby steps.

Top takeaways:

• His foundational advice is not bad, it's just overly simplistic/broad.
• Because of the nature of inflation, $1000 today is much less than it was when he originally came up with it.
• Not all debt is bad.
• It basically never makes financial sense to pay student loans or a mortgage off earlier.
• Dave's investment advice is not good and his return estimate is way too high.

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