STOP LISTENING To These 'Financial Gurus'

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[ashleygreeson]

I’ve listened to Dave Ramsey for a decade and I’ve always taken his methods and made them work for my situation. I have broken his rules time and time again: I have a fixed rate 30 year mortgage, I continued to invest in my retirement while I was paying off debt in my 20’s, and I didn’t cut up my credit cards. I do like his philosophy and I do take into account risk in everything I do because of listening to him. I like to listen to many points of view and decide what works for me and my family.

[bodybychiken]

"Don't listen to the financial guru' says the financial guru

[mattmallicoat]

Maybe we should stop listening to the guy that pumped up FTX, bragged about buying a bank named Yotta, and made collabs with Kevin Davd and Daniel Lok.

[dearestdarling]

What I love about Dave’s advice is that it is so stringent, if most people implement just 50% of it they will see a massive difference in their spending and be propelled toward getting out of debt. You don’t have to follow everything to the letter, but if you do some of it, it truly motivates you in the right direction and I think that’s the ultimate goal for most people.

[bendav]

We can find 'gems' in each of these guru's advice. The key is to diversify your input just like your portfolio and find what works for you.

[joseph_p]

Imagine using Dave Ramsey’s bankruptcy as a reason not to listen to his financial advice. His bankruptcy was the catalyst for him changing his philosophy on money, and is why his advice is what it is. He wasn’t following his current advice when he went bankrupt.

[olufolarinoduntan]

"Don't listen to financial gurus, " says the financial guru.

[cooleobrad]

Dave's 8-12% withdrawal advice was not tailored to that call. He has doubled down and given this advice to numerous callers, regardless of their circumstances.

[seriousfaith]

Ramit taking a poke at Dave over the bankruptcy is a total cheap shot. Dave is completely transparent about going broke in his 20s as a real estate speculator and uses it at least once a week as a cautionary tale...his behavior then has nothing to do with his advice today. There's plenty to poke on Dave about, but that isn't it.

[djg]

One of the worst qualities I see in people is when they bring up a mistake that the other person acknowledges as a mistake forever and a day ago. People do that crap all the time. Like they raise their pedestal by tearing others down.

[MarionBlair]

Ramsey is a harsh and domineering figure, treating both his daughter and employees with disdain if they dare to disagree. He frequently belittles those who don't align with his views, dismissing them as "just dumb and stupid." This creates an environment of fear and subservience.

[Djemky.Annelus]

this is why I respect you bro. you keep it real

[strangefruitlovex]

STOP LISTENING To These "Financial Gurus" I brought a bank.

[BelleDividends]

In the end, we all have to use our own critical thinking and find out what advice is applicable to us and what advice is not. If you're in the habit of following any advice blindly, you're going to end up doing bad even if you're listening to the best people and the best advice out there.
Even geniuses make mistakes. For all the successes Warren Buffet had, he also made his fair share of mistakes. That is the exact reason why you always have to use your own critical thinking, conduct your own due diligence.

[richardprice]

Crazy how in-tune with the algorithm Graham is.
Just got suggested that video an hour ago 😅

[MrFrugal]

My financial literacy journey started with “Rich Dad, Poor Dad”, which then led me to start searching for personal finance content. I stumbled across The Ramsey show and got hooked. Dave gives a lot of good advice, but I don’t particularly agree with everything, so that made me research other credible voices in this topic and now most of my advice comes from a variety of people such as Graham, The Money Guy people, Caleb Hammer and Dave as well. I take all their information and analyze it and then use it to formulate my hypothesis of what the best solution will be given my situation. Everyone should use their own judgement and research different people to see what they agree with the most! It’s much better than to not have any financial literacy or to blindly follow any one person’s advice.

[Frootyloops]

A financial Guru looking at another financial Guru warning us not to listen to financial gurus.

[pj]

I like the common ground take on your videos. You give us both sides of the opinion, it really personalizes the advice.

[XiaoFury]

Can you include yourself on that list, sir?

[patriciaduenas]

I've never seen any of his videos. Thanks Graham. I hope you enjoy your New Year's 🎉