this post was submitted on 29 Oct 2024
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Fuck Cars

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[–] capital 10 points 1 month ago (1 children)

No he doesn’t.

I can give better advice in a similarly easy to consume manner, applicable to most.

  1. Invest in a low cost target date fund. Look at Vanguard target date funds for examples and pick a year close to your expected retirement date.

  2. Pay your highest interest debt before lower.

Both of these pieces of advice make you more money than doing what Ramsay says and are equally easy to understand.

[–] Frozengyro 2 points 1 month ago* (last edited 1 month ago)

Yes, but do people do it? No.

Do people actually do what Ramsey suggests, even if it isn't mathematically perfect? Yes.

You're under estimating the human factor.