- Joined
- Nov 27, 2014
- Messages
- 9,251
I am a big Dave Ramsey fan. I liked the idea of using my money rather than the banks for everything. After getting advice for you all I see that way was risky so I went the credit card way.
The lower risk of using a credit card is just one aspect. The other, as you have read, is that you’re leaving money on the table. Assuming you’re past the typical Dave Ramsey stage and have your spending under control, a credit card is a big advantage. We only have the Fidelity card. 2% back on all purchases. That’s $200 on every $10K for doing nothing. I’ve never listened to DR, but is he seriously saying you should leave that on the table? We run as much as we can through the credit card. Our budget is $80K so it’s very likely our credit card will be over $50K for the year. $1,000 is not chump change. The credit card has no fee and we pay it off every month. If DR doesn’t want you to grab that easy cash, maybe it’s time to rethink your fandom of DR.
A lot of times in life, you need new ways, new people to get you to the next stage. DR may have been just what you needed to get your finances under control and get to a good place with money. That doesn’t mean he’s the right coach to get you to the next level. You may (I think you have) outgrown your need for DR and his value to you. Sounds to me like it’s time for you to look at wealth maximizing strategies. Welcome to the next level in your financial growth. It will be just as interesting and rewarding as your time learning with DR.