By: Scott@fb

Scott@fb — Wed, 10 Mar 2010 23:26:03 +0000

I recommend for young people to follow current financial events BEFORE they have any money to invest. Go through a 5-year cycle of ups and downs in the market before you get a job and have your own money to invest. Follow stocks, interest rates, and financial news. Do like I did in spring 1987, invest an amount of pretend money in the stock market. (I won a contest making the most money that spring – guess what happened in October? That’s how you learn!) Nothing will surprise you later when you’re investing your own money. See what the market really does ……not what wishful thinking wants it to do. BTW, Dave Ramsey is AWFUL and should be AVOIDED. He gives nonsense advice (I saw a PDF of some of his stuff revised in 2000s that still had compound growth numbers based on returns from the 1980s.) He plays up affinity with Christians, but is just a showman. Do NOT, whatever you do, give him any of your money for his bad advice.

By: Peter

Peter — Wed, 10 Mar 2010 01:50:45 +0000

“Separate checking accounts mean one of two things, either ignorance or problems” (Dave Ramsey). This is one of Dave Ramsey’s more ignorant statements. Many couples have separate bank accounts and have been happily married for decades. My parents had separate accounts, and were happily married until they were separated by death. For the wealthy, this can be one means of protecting funds if one of the couple is in a high liability career. There are legal and financial implications that Mr. Ramsey may want to educate himself about before making such a preposterous statement.

Comments on: Faith and Finance

By: Scott@fb

By: Peter