I’ve been listening online to Dave Ramsey afternoons when I have time. He is a say-it-like-it-is financial guru who speaks from experience. He was in real estate while still in high school, built up a large financial empire that crashed when things got tough in the early 80s. He went through bankruptcy and started all over.
He recently had a session on tipping that was very interesting. You can listen to the archive copy at this place . Another very interesting topic before Christmas was on anonymous giving. On his website there is a “stupid tax” place that people can put stories of bad decisions and what it cost them, such as the young couple that bought a $900 wedding ring on credit and ended up paying over $3,500 for it.
He now uses no credit cards and buys absolutely nothing on credit. Some of his “famous” sayings are:
Live like no one else, so you can live like no one else
Beans and rice, rice and beans
Teaching people to act their wage
If you ask how he’s doing, he responds, “better than I deserve.”
Average in America is broke. You don’t want to be average.
Anyway, it’s educational plus very entertaining!
Women who have to have best even if they can’t afford it: Princess Syndrome
Credit Cards: American Excess
Car Lease: Car Fleece
Cutting up credit cards: Plasectomy
Credit score: Credit Scar (because you can only have one if you borrow money)
Other quotes from him:
Looking good and being broke is the definition of being stupid.
If your self-esteem is based on what you drive, you’re what’s known as shallow.
It doesn’t take long to figure out he must be a choleric. Any other listeners out there? If so, what do you think of his advice?