Originally Posted by deserat
Frankly, I think most of the posters here know more than any of those 'radio advisors.' Whenever I hear Suze Orman or Dave Ramsey or Ric Edelman, I see them as advisors to beginners. My husband was watching Suze one day and realized we were so far ahead of what she was advocating. Once you reach the habit of LBYM and have significant assets, the game plan changes and I've yet to find anyone on the radio who helps with that - reading more complex books and coming here and reading about asset allocation is best. Tax management is another area I've yet to see adequately covered. Again, these are more complex topics.
By the nature of their shows, folks like Orman and Ramsey have to speak to the "lowest common denominator" in terms of financial savvy and spending/investing habits.
For example, I think plenty of savvy financial minds can *responsibly* use credit to improve their financial situation over time. But Ramsey isn't addressing those people, IMO; he's addressing the folks who may not understand that credit, like fire, is a tool which can improve your life when used responsibly but will burn you badly if it is your master instead of the other way around.
And I think if he started acknowledging some exceptions to his "no debt ever ever ever" mantra, he'd start getting a lot of callers all claiming that THEY are the exception and the show becomes Lake Wobegon where most people are above average at managing their money.