So, another Ramsey-ism — if you’re in debt, sell everything until you’re not in debt!
I’ve been doing quite a bit of this — finding extra stuff around the house that we no longer need, and putting it up on Craigslist and eBay. However, one of his big recommendations always seems to be to sell your [...]

For all of you that have attended Dave Ramsey’s Finance Peace University classes, I’m sure that you remember his list of so-called “myths” about debt. Read more for some that made me giggle..

We’re still going through Dave Ramsey’s Financial Peace University program. Last night, we had the “Credit Sharks in Suits” lesson. On the plus side, this is one of the few lessons that I agreed with him on most things. However, there was one big place where I disagreed — his statement that a FICO Score [...]

We are current going through Dave Ramsey’s Financial Peace University program. In one of the lessons, Dave says that you are just as protected with a debit card as you are with a credit card. I take issue with this for multiple reasons.

Over at Bible Money Matters, there is a description of Dave Ramsey’s program to “Drive free cars”. Basically, his theory is that if you save enough money in a mutual fund at a 12% return, you can eventually have your cars be completely free. Seems like an interesting concept, but the downside of it for [...]