frayne
Thinks s/he gets paid by the post
I like Dave's advice about financial independence but these two hosts seemed to have not gotten the memo nor understand that FIRE isn't living on noodles and peanut butter for thirty years.
...makes me wonder what the purpose of their show is.
They are also connecting FIRE to a particular 30 year old who retired in their 30s. I had to google to find - Sam Dogen aka Financial Samurai. Never heard of him. Don’t know why he is viewed as father or spearheading FIRE. Several others claim to be key. Maybe the term/acronym is new.
The idea of FIRE is to "work yourself to exhaustion and beyond" and have "no life"? I tuned out at that point. Maybe he should do just 5 minutes of research on a topic before he spouts off about it. nah...
"you were created to work"
according to who?
I am not a fan....
One of the first thing he says is to cut all credit cards... heck, I get a lot of money back on my CCs... a few thousand... no way I am going to cut that out of my life... for what? to show I am 'pure'?
I really have not gone too much deeper into his methods after getting there so not sure what else he believes...
Ramsey can be useful for people who are drowning in debt, and really don't have a clue how to get started on a path toward fiscal responsibility.
I would be leery of using one of his affiliated financial planners and I think most of us on this forum can use credit cards to their advantage.
AKA pure wast of time.You are spot on.
Driving around town, I sometimes tune in his show on talk radio. It is interesting to hear about those who can't handle debt and how his structure - Financial Peace University helps them get out of it. I view it as pure entertainment. Is there anything useful that I have ever implemented? NO.
More amazing to me is how people can acquire consumer debt, college debt, and car debt without understanding the consequences. They even throw in the occasional situation where someone co-signed a loan with a buddy or relative and now that person is gone or unable to pay the debt.
Finally, they throw in someone who has a business that makes no sense and the person doesn't understand why they aren't making money.
Again, pure entertainment.
Again, pure entertainment.
I think all advice shows (debt, personal, fitness, etc.) skew that way. The people they "help" are there to provide content. People tune in to watch the train wreck, the occasional feel good story, and then to feel wise as they nod along with the host when they repeat whatever mantras.
Content brings viewers/listeners, which brings advertisers, revenue, profit.
I think all advice shows (debt, personal, fitness, etc.) skew that way. The people they "help" are there to provide content. People tune in to watch the train wreck, the occasional feel good story, and then to feel wise as they nod along with the host when they repeat whatever mantras.
Content brings viewers/listeners, which brings advertisers, revenue, profit.