Why I Stopped Listening To Dave Ramsey 

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I saw somewhere that Dave Ramsey’s advice is great for people who are bad with money and not so great for people who are good with money. I feel like that rings true and is why he is able to help so many people with his methods.

This was such a fun video for my husband and me to watch together. We paused it several times throughout so we could talk over certain points. He is more strategically minded like you, and I tend to appreciate the peace of mind that Ramsey’s plan offers. We’re finding the right balance as we go along. Great points - well done! 👍

Good video. We've been debt free for over 15 yrs and I will say that knowing you owe no one is freeing and liberating. Not to mention way less stress so that's worth a whole lot in my eyes.

I am investing 67% to hit freedom in 2029! Can’t wait. I got there by following Dave’s baby steps so it works to get out of debt but then it’s flawed.

I've whittled down many expenses, focused on needs vs wants, removed debt (other than 4% mortgage), paid for a cheap car in cash, cook my own food and much more. I am now able to save & invest 86.14% of my income. I live way below my means. After making these adjustments, I was able to save 50k for an HYSA emergency fund, max out 401k, max HSA and ROTH IRA. Most importantly I took on another job and increased income. It took some time & adjustments but I did it and not stopping. I'm tired.

I need to rewatch it. I'm a HUGE Dave fan, but I am always open to different perspectives. I appreciate how you were not disparaging; you were respectful but honest and true to yourself. You gave me much to think about. In case you are able to edit your posted video, you are missing an "e" in "averag mortgage" in the video. Just the English teacher poking through. Love your videos and your insight! Happy Saturday!

In defense of paying off debt early: If you choose to pay off debt early then you are for sure saving that much money. If you choose to invest, it's speculation that you will make more money, but it's not a given.

You're spot on about college. I got a degree i used for 3 months for a temporary job position then i decided quite quickly that it wasnt the job for me and that college did not prepare me for it nearly as well as it should have. I did not go into debt though because my parents did have money saved for me. My husband got a degree in history and political science and he NEVER used it. He finished college with $50,000 worth of debt, got a job as a semi truck driver for an oil rig and paid off all of his debt in 2 years. He now manages a large grain farm, which he did not go to college to learn to do, we are debt free, own our house and have plenty invested. We are in our early 30's, and we have investments for our kids but the investments dont have a title such has "college" on them. There are SO many degrees out there that are quite usless and so many that people never get a job in once they are done school. Yes, some careers such as doctor, pilot, or engineering do require schooling, for sure! But so many do not. *Edited to correct typos :)

Mathematically, speaking, I agree with you in this video. That said, what I like a bait Dave Ramsey is that he conquers a lot of the psychology of why people buy and people spend. I think once people have their spending under control, this video helps them a lot.

I liked he key point you mentioned here, you don't have to follow exactly what they do, you build your own strategy out of different pieces of advice from different people, some things might not work for you or you prefer a different path, you-we have to do what works best for us, our circumstances and surroundings are different. Dave Ramsey is very oldschool and his advice is great, but things have changed and there's new information and resources right now, and so there will be new resources eventually.

Dave Ramsey’s method is about human behavior, not math. Most people won’t keep up the math part. They will stay miserable because of the psychology of money. You are right, math-wise, if they do it your way, they would be better off financially. However, that is a very small percentage of the actual population that will do that. Most of these people need the boundaries in place.

Great vidoe but if ur watching this and don't budget, dont already invest, dont have 3-6 months of savings, and have more debt what to do with. I suggest listening to ramsey and once u get a good understanding u can become better. U be surprised how easy it is to get into debt and how hard it is. I just had to say i think a lot of peopel think they are smarter than they really are because they watch these video and dont apply. I know i was and many others as well. Please save, live below ur means, budget, and invest early. And once u get good at that u can use credit cards, take out loans and have a seat at the big boy table. If u havent done so, he is not talking to you!

Weird, been following Dave for 20 plus years and have no debt, right at a million dollars net worth while making 45-70k. As Dave says, watching videos like this they never calculate risk.

Great to hear that I'm not the only one who ever thought Dave is not a guru in every way.

Most people just assume a 50% savings rate is impossible without actually trying the necessary steps to get there. It’s incredibly valuable to do what’s needed to get there (get a higher paying job, live somewhere smaller/cheaper, drive a much cheaper car or none at all, buy no new clothes, cancel nearly all subscriptions, eat only at home, etc.). Getting to 50%+ savings rate and living it for at least 6 months will prove to you that you can do it, and you likely won’t significantly miss most of things you didn’t buy.

While I agree with you about Dave, you do not take into account the cost of "Peace of mind" regarding being completely debt free (both good and bad debt). As far as college I'm a better person and it's opened opportunities that I would not have had otherwise. Overall, great video.

I’m like you, started out with Dave Ramsey, a lot of his stuff helped me. But if we had listened to his advice, we wouldn’t have bought our first house when we did, which since it was the bottom of the market, really set us up financially. We’d be nowhere close to where we are now without that.

100% agree on your view about not going to college. I've needed farmers, plumbers, mechanics, truck drivers etc. a WHOLE more often than I need someone with a degree in human resources.

I was completely oblivious to an investing strategy until I happened upon Ramsey. I've since moved on to folks like Gabe for different perspectives, but Dave opened my eyes to opportunity, and for that I'll be forever appreciative.

I put all of my bills on a 2% cashback card. Pay that off at the end of the month. The cash back rewards equal to about 2 extra mortgage payments a year. That's what I try to use it for.

Love your comments about college. I didn't even finish high school but educated myself and now am better off than every single one of my friends and family who did formal study.

Dave is a great stepping stone for people to become financially free. I'm more a fan of ETFs rather than mutual funds, I also would bump up the savings rate. And pay off the highest debts first. But in general I think he is a force of good for the financial community and more people would retire with money if they took his advice. I also invest like 35-to 45 percent of my money instead of 15 percent. 15 percent is pretty low imo

Dave’s method putted money in my pocket, I respect what you think, but I stay with his knowledge. Also I like some of your ideas.

I think Dave is great for people getting out of debt but beyond that, he is not realistic. If I did everything Dave said, we'd never have credit card points to travel and create a lifetime of memories. My mortgage is 2.5%, why would I ever pay it off when I can make more money investing than paying it off. Besides, I live in an area where it is a statistical improbability of paying cash for a house.

Ramsey's rule for 15% of income into retirement is for people who have a mortgage; available money beyond that 15% is for paying off the mortgage early. Then after the mortgage is paid off the 15% can be increased.

Most people would probably be better off following Dave Ramsey than what they have been doing up til now. But if given the option of following Dave Ramsey or one that puts higher priority on investing, i think most would be better off putting more emphasis on investing. What's the common denominator? Both strategies for wealth building involve restraint on spending, and avoiding high interest debt.

Great video Expect some push back. But so much common sense and facts presented here. Appreciate your insight!

Im with you up onto the point of paying off the house first. Most people dont maintain "steady income" for 30 years straight. Paying off your house is a HEDGE against LIFE, forget the stock markets 😂😂😂

Valid points discussed here, but unfortunately there's no mention of the amazing feeling you get being mortgage free and not owing any money to the bank. The amount of interest you save is quite incredible and with paying off your house early you're able to save more and invest more. What made me pay off my house early was just that, but also being aware of all the scammers and hackers nowadays online that could potentially hack my account and steal all my hard earned money from my investment account. Is it likely? Not really, but its possible. At least with my home being paid off, I can rest easy knowing my money isn't sitting online with that risk.

For the 277k in the stock market calculation, it's good to consider the potential tax rate you'd have if you realized the long term gains, which would bring the income down much closer to the home payoff savings. That being said, it is still more lucrative to invest the difference. Psychologically, having your paid for house can be much more powerful for some.

Love the emphasis on individual financial assessment! Index funds and strategic credit card use can definitely be valuable tools when managed well. 📊

I enjoy your practical advice. I recommend proofreading the video captions for correct spelling especially.

I buy everything with cash back rewards credit cards and pay it off immediately. When the rewards accrue I transfer to a savings account.

What you call "Good" debt, Dave Ramsey calls "Risk" ... Not "Bad" debt. There is a difference. No matter how good you are. Using leverage is adding risk.

Dave Ramsey's advice is for the general public - it pretty much "works" for everyone, but its not for everyone.

Have to look at the after tax result. Earnings before tax is considered may well be 53 grand more than the dent paid off has saved but you have a tax liabilit yon that income. The debt paid off does not.

agreed. I think Dave Ramsey is good for people who are starting out learning about personal finance. I think a home mortgage is for everyone as long as you can afford it. no one gets rich by using credit cards but if you are responsible about paying them off monthly then its a nice perk to get rewarded for it.

Hey Gabe great video I agree with a lot of your points especially with your take on his credit card generalization however, i do disagree with you slightly in regards to investing over paying off your mortgage! In principle I agree with what your saying however Your comments in the video made it seem like you were assuming that the S &P index fund always goes up. And that is where your argument gets sidelined because it doesn’t. There was a five year period in this century that regularly saw double digit losses of course I am referring to 2009-2014. I just wanted to put this out there because no matter your age you should always factor risk into the equation. Otherwise great video keep up the good work

Gabe--Had to make an off-topic comment here, because I saw something PRICELESS in this video! There's a quick shot of you in your living room which shows your bookcase, and in the bookcase are sets of NANCY DREW and HARDY BOYS books! I have NEVER seen that in ANYONE's bookcase, outside of my own, and I can't tell you how much I loved it. It made EVERYTHING in your video that much smarter, because I kept reminding myself I was hearing it from a guy who had NANCY DREW in his bookcase! Don't know who in your family reads NANCY (your kids are clearly too young), but kudos to whoever it is; that's FANTASTIC! Oh, and I liked and agreed with the video, too.

You can take some of his advice and mold it to fit your lifestyle he’s big on ppl avoiding making stupid choices with debt and living above their means

I really like your "out of the box" thinking. Very discerning.

Well really good. In fact maybe Davey Ramsey shows advices for people that had crossed the line in several decisions about their finances due himself was broken before obtain his 600 million dollars, but anyway i enjoy watching your videos also because they show a different lifestyle than the average. Thanks

Theres a lot of points i totally agree with. Bad debt. Credit cards. Things like that. I think there's a few things you said that maybe you missed from Ramsey. Or maybe he's changed since you stopped watching him. Dave wants you to save AT LEAST 15%. Meaning he wants you to do more. His plan says don't do more than that until you have a paid for house. After that "enjoy your money". Save it. Spend it. Give it. He just doesn't advocate you have to go higher. But really he thinks you should. Also.. he does mention mutual funds, but he's talking about indexes. There's a few things I disagree. You stated at one point mutual managed funds are worse because nobody can predict the market. Which is true. Most managed funds are bad. Guess what you managing your own stocks are.. a managed fund that your not likely to beat the market longe term. I do think having stocks is OK. Dave advocates for indexes instead because most people aren't going to go in there and try to understand the market. It's safer for a hands off approach. He doesn't beat you up for taking risks in the stock market. Also... you have to look at the long game too in regards to your house. For my situation. I could pay it off in 5 years. At the 5 year mark it is true I would have earned more at that point. However after 20 years. If I put my house payment into my investments. I would have about 400k MORE by paying off the house early. Plus 15 years of litterly owing nothing. Which is a huge feeling. You have to look at the long game. If your not Realisticly going to invest it. Then yeah. Fine. Don't pay off your house. But I'd suggest people do the math before they make a decision. And I have a low interest rate. For me to retire. I want my house paid for. That's a requirement. Not because I won't afford it. But because I want to owe nothing in retirement. But I have about 20 years left for my projected retirement date. My concern about going to aggressive and paying off the house in 5 years is that it robs me of 5 years if the 15 don't go as planned.. ill miss my date. If I go the full 20 years making payments, I'll be fine pretty much no matter what. These next five for me are really critical.. Buy yeah I agree with a lot. I see Dave more as entertainment and less about actually learning anything from him. Good video!

Mutual funds can be index funds Same with ETFs. They are wrappers that hold active or passive funds

If you follow Ramsey, you will get out of debt and begin to build wealth. Whether or not his plan is optimal for you is an entirely different story. You have to remember that if everyone understood the nuances where his guidance is not ideal, then that person probably wouldn't be in debt to begin with. I did not follow Ramsey, but my path was very much Ramsey inspired.

I'm one of the oddballs that spends less with a credit card. Cash in my hand is money I clearly have and I have to fight the urge to spend it. A credit card however is not tied to money I have and represents potential debt and (shudder) interest payments. I do NOT want to buy anything when I'm using a credit card. Fwiw I'm willing to pay an opportunity costs to pay off our house earlier. I crunched the numbers and in our case the cost was much less (smaller mortgage). Yup, I gave up some profits. but the stock market is bumpy in the shorter term and if times got bad I didn't want to be laid off with a mortgage payment and be forced into selling in a down market. The security of having the home free and clear is worth that lost profit to me. And we were still investing plenty. I've never regretted paying off the mortgage.

Hi Gabe, Great video as always. Hope you're well. Have a great weekend. 🌟

"The Total Money Makeover" should be everyone's first book to financial freedom. "Rich Dad Poor Dad" should be the next book in someone's financial literacy journey.

Risk - u got to factor in risk to that. Mortgage equation. But, I’m old , so mortgage payoff it is! I would worry about a Japan type situation coming up, yikes! Hopefully, average will continue in next 20-30 years , but who knows. So,I think in Dave’s mind, the mortgage interest pay down is a “ sure thing, .”

Dave doesn't say people should put money in any mutual fund, but in those with a track record of at least 10 years and where you can see they outperform the S&P500. Also, when he talks about paying cash, he doesn't mean you should go and pay with paper bills, literally, but that one should not go in debt to buy stuff. Buy what you can pay for, that is the meaning of cash.

Two take aways from your video. 1.) I would not STOP listening to Dave Ramsey, but rather take his advice with a grain of salt. 2.) It is a certainty that Capital One would not be a sponsor for Dave Ramsey! I have made extra payments toward my mortgage and at my current pace, I will have it paid off when I am 61 as opposed to 75 (took out a 30-year mortgage at the age of 45). However, that extra $600 each month sure would make my 401(k) grow a lot faster (opportunity cost). Then again, I don't want a mortgage payment after I plan on retiring at 67.

I don’t agree with Dave on everything, but you are playing a dangerous game by not factoring in risk. Life is full of unexpected events that can affect your finances in a negative way.

I agree with everything except the credit cards. I have learned I am not responsible enough to be a credit card person. Paying in cash or using my debit card has been much easier for me. Much props to those who are more responsible and intentional with credit cards than I am ❤

Totally agree. The man have most things right but still live in the past.

Completely agree about college. Not something I will push my kids into unless they want to be a doctor, lawyer, etc…

The thing with Dave Ramsey is, even though some of his advice might not be the most optimal financially, it could be easier for people to stick to., and the plan that people stick to is going to return the best results.

Im not 100% with Dave as well. In fact, almost everything you mentioned Id rather do instead of follow Dave. But here's what most of us forget about Dave and his plan. It's not a math thing. Everyone who talks about why Dave is wrong, or why parts of what Dave teaches is wrong, they always talk about the math. What about freedom? What about living life with no risks that comes with debt? What about being spiritually relieved? Yes, you can get "free flights and hotels" but what about the idea that it's not factually free? And that the family who is struggling is actually the one paying for your flights and hotels? Do you really want to participate in that? (Im guilty). Dave teaches about having peace. And for most people (like 90% of people, literally) being debt free and having just enough to retire is that peace that people look for. Sometimes we overestimate exactly how many people are good with their money. But to this video's point, Dave's idea of mutual funds and 12% withdrawals are disgusting 😂

On Baby Step 6. Happy to say that it's not about the score anymore, just a certain level of peace and freedom. None of these convince me to change, even if the added risk was worth $1 million.

The sponsor choice is capital one shopping on a finance/ minimalist channel…. That’s not a good look.

To be fair, when Dave says “use only cash” he means don’t pay with credit. He doesn’t mean strictly paper money, but money you have in your account. Debit cards for example.

You mentioned that the gains on property is lower than stocks. Is the gains on property also including the rent that now goes into your equity? Or just housing value going up?

Option A = $500 to the monthly payment Option B = $500 invested monthly into the Stock Market (VTI maybe?) Option C = diversify. $250 to early payoff and $250 into the stock market. Boom.

Great video. A couple corrections though. Dave does not say use cash for everything. He supports the use of a debit card so no worries about ability to save money by buying online. Also with putting 500 per month in the market instead of on mortgage the extra you make from that would not be interest. Rather it would be capital gains,dividends etc.

I follow Dave 100%. I just think its too hard for people who want it now. Slaves love their masters. Stockholm syndrome.

On the Mortgage. Years saved should be added into investing so that both timelines are equal. So paying off the loan saves X, and the theoretical gains from investing that money after paying off the mortgage would yield Y. Meanwhile your 30 year plan of investing $500 would yield Z. So X+Y, Z.

I’ve enjoyed many of your videos however I think this is by far the best video you have made.

I am a graduate of the Dave Ramsey Financial Freedom course, so was quite familiar with the guidelines. I do believe it was written for a specific point in time, which has perhaps not kept up with current trends. I appreciate your honest review. Finances are not cookbook. They must be individualized.

thank you for this- a MUCH needed perspective! Society tends to worship "gurus" and avoid independent thinking beyond one mans cookie cutter approach-

I agree with most of the points here. I don't live in the US, so I disagree with some points both you and Dave make. 1) Dave saying to buy everything with cash and not borrow money. I saved up money for 3 years for a house and the house prices doubled in this time. It went from 30k to 60k. So if I borrowed the money from the bank and bought the house, I would have had to pay way less in interest and my house equity would have doubled 2) You saying paying off house is not a good option. My mortgage payment has 12% interest. Making advance payments makes huge difference for me

Using credit card is o.k. as long as you pay it off every month. 😮

I started with Dave Ramsey, then I found Ramit Sethi, then the Money Guys. I think I've landed on the following good core beliefs: (1) paying off consumer debt is good for the soul and your monthly cashflow; (2) saving at least 25% for retirement and/or maxing out ROTH accounts and employer 401Ks is the goal (also, make sure your not losing money on fees!!); (3) have cash reserves that can carry you and your family for as long as you're comfortable (for me, that's 1 year); (4) keep your monthly fixed costs low (that's housing, cars, groceries, etc) so you can enjoy your money on things you care about (activities, travel, restaurants, self-care). Personally, I'm staying in my cheap mortgage / "starter home", not buying new cars (not my thing), and enjoying the freedom / low stress!!

Love this video. I don’t like Dave Ramsey because I feel his view is about no debt and not advising and how my money could make me more money. He also feels cultish! Thanks for this video!

The reason why you prioritize to pay your debt instead of investing is because: Debt is guaranteed that you owe moving into the future. Investment are NOT guaranteed profit, they are just "hypothetical" moving into the future. 20 years from now, your debt will still be your debt. 20 years of hindsight bias that 9% growth is not a guarantee that it will be the same in the future. *** Past performance/prices are not indicative of future performance/prices *** Anything can happen to an investment (Risks). While your debt is not going to go away, even in catastrophic events. What's the saying, "Don't count your chickens until the eggs are hatched." You're counting unrealized hypothetical profits over guaranteed debt.

Dave Ramsey has probably done more good helping literally several million people than anyone else in the USA.

Things I’m considering regarding putting money toward my 4.25% mortgage vs other investments… my investment alternatives will incur capital gains tax (I’m already maxing out other tax advantageous opportunities), the stock market has seen huge growth recently but I believe it has been artificially maintained by government intervention so it’s possible we won’t see similar gains in the coming years, lastly, I’ve already set a target mortgage payoff for 10-15 years from now. I’ll save more in interest by putting money toward it sooner rather than later due to the nature of amortization.

“By definition, mutual funds are actively managed funds”. That’s incorrect. A mutual fund is just a collection of investments packaged in a specific way that are pooled together for investors to buy. Index funds are mutual funds. Actively managed funds are mutual funds. Bond funds are mutual funds. Exchange traded funds are also funds, but packaged differently making them more tax efficient.

(1) Residential rental property does not always guarantee high returns. Sometimes a residential rental becomes a nightmare. (2) You don't have to carry wads of cash around. Debit cards are fine. Dave's point is that you don't go into debt---you pay with what you have already. (3) The interest paid on a mortgage loan decreases or eliminates the interest earned on a high-yield savings account. The sooner the mortgage is gone, the better. (4) "Do what's best for you" isn't the best guidance, since most people already think that's what they are doing!

Omg. Your baby is so beautiful. She seems so happy. ❤

the thing about the Ramsey it's that most of us won't be as rich as we want to be and aren't as financially responsible as we would like to admit so for 10%-20% of people who will be wealthy by the age of 45 they can bend the Ramsey rules a lil bit but for most of us we have to follow this rules and that's why the Ramsey solution has help more people than anyone on earth. " if everyone is rich no one is rich" " a poor miserable person will be a rich miserable person"

The payoff the mortgage depends on your overall balance and interest compared to the High-Yield Savings Account. For example, if you owe $350k with 3% interest on a home. But you only have $25k in a savings account earning 5%. The math ain’t going to math up right. Yes, 3% is lower than 5% but your interest paid each month for the mortgage will be much higher than the interest earned off your saving account due to the overall balance. Now if you had $350k in both mortgage and savings at different 3% and 5% - you’d make more off the higher interest by 2%. It’s all about the balance and math’in it.

Most people are bad with money. Psychological techniques like those discussed in any social psychology course are full of examples of how sellers manipulate you into buying, you are at their mercy! Better to chop those cards. Most aren't at your level.

By pushing load fee funds, Ramsey enlisted an army of commission-based advisors to push his book.

Some really awesome advice here! Thank you sir!

6:25 I see this "brick" wall in many of your videos and I love the look. Is it possible to provide the name and link on where to get the product? I know it's not the point of the video, but I'd like to apply it to some projects in mind. Amazing points made in the video. I'm so glad I'm not the only one who isn't completely for a college fund for kids. I have savings accounts for my children to help with anything that may better their life (house downpayment, business, investing, etc).

There is at least one issue you don't address: paying mortgage is guaranteed earned money whilst investing poses risk that is not taken into consideration. Following this logic, nobody should pay any principal of the mortgage ...

Dave calls it baby steps and it's great for people just starting out or really bad with money. It teaches them to start managing their money and gaining control of their finances. Once you no longer a baby you need to start taking adult steps if your goal is to be wealthy before you are too old to really enjoy it.

In my case, I used my 403b to borrow 50,000 for downpayment to buy a 4 plex. It has doubled in value in almost 7 years. Also, I took out a HELOC for downpayment on my paid off home to buy a 12 plex, which I sold for almost double what I paid for it but I spent a lot of money renovating out of rents. Later, I bought a 117 acres of timber/farmland using my 403b. Here I took out 50,000 in December and 50,000 the first week in January for downpayment on $250,000 piece of property.This has TRIPLED in value in 3 1/2 years. All using debt. But debt must be managed carefully over time. I occasionally used credit cards to handle emergencies in my rentals.but only when it was a true emergencies. I always made sure I had enough working capital.

20% is a good amount to invest in general because most people would not think too hard over it but if you can invest more, the better, because sure, you might get to a million after 30 years or more but inflation, even at a 2%, is going to eat up almost all of those gains and leave you with much less than expected because stuff is going to cost much more.

Dave is best for financially inept people. He's also stumbled into a huge lawsuit that could bankrupt him with the timeshare fiasco.

His approach works for a certain type of person. It should not be considered blanket advice.

One thing that you did not mention with investing the extra $500 per month is the fact that you would still pay capital gains taxes when you sell that investment. It would currently be 15% federal on the long term. However, we don't know what the percentage would be in the future. So you may gain an extra $50,000 investing it. In reality you are only saving making about $14,000 off that investment when factoring in a 15% tax and that is not including a state tax. I personally see more of an upside of having the home paid off earlier and the peace of mind it brings.

Interesting but I’d rather see a collab with the Ramsey Team. Just a thought! 😁👍🏼

I interviewed Dave Ramsey a couple of times back around 2001. Great guy, great interview. He didn’t even know what an index fund was at that time. Had no idea what active vs passive investing was at all. Make of that what you will. Dave’s a motivator, not a technician.

Yeah, all your talks goes with "ifs". One little change in your life will put you instantly HORRIBLE debt 10X time worse. Dave goes with guarantee, you go with hope.

I fly to Europe yearly. I tried using credit card points/rewards to purchase my tickets and it's the worst flights I've ever had. Layovers for hours, zigzag through the country, I arrived exhausted, took me many hours longer to get there. Buying tickets with credit card points is great for short direct flights.

College and grad school were the best things I ever did for myself. No regrets whatsoever.

I found about him a couple months ago. I’ve learned some and I didn’t like some as well. In some instances it was too much. I’m working to get free and safe money too , I’m learning the system as well. I discovered this channel and I like it. I’m organizing my stuff and it helped me.

Gabe, in the same boat and although I find Dave's advice for the common person who can't seem to see the difference between making money and spending it wisely, for people who understand money as a tool, we will be fine. Edit: I am glad I found you.

I AGREE! I have binge-watched a lot of Dave Ramsey's videos, and then kind of felt guilty when I'm not following his plan to the letter. When in actual fact, I'm debt-free already and good with money. - I think for people in debt it's a really good plan because it just focuses you on getting that paid off as quick as possible. - The college fund part is particularly not applicable in the UK, where we have a different system for paying for education. - I've ended up with a comprimise by overpaying the mortgage a little bit, and then putting more money investments. I think his advice can be a bit condesending and inflexible, but useful to take with a pinch of salt.