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My Husband Wants to Buy a $5,000 Gun

2

Comments

  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,551 Founders Club

    dnc said:

    dnc said:

    Didn't watch this clip, but Dave Ramsey is an idiot about some things. His car buying advice is horrendous.

    Disagree
    His advice would have told me to pay $40k cash for my wife's car rather than take advantage of 0% interest. Burning $40k at once when there is no financial benefit is terrible advice.
    OK yeah if there's 0% interest I'll give you that.

    His advice of "drive a beater until your out of debt" has been really good for us.

    We're within spitting distance of finishing student loans which is the last of the consumer debt/medical/credit cards/car payments/etc in Baby Step 2.

    We're more Daveish than gazelle intense but it's been helpful for us.
    I still drive a *reliable beater because I like spending money on better things.
    I don’t drive a beater and also spend money on better things.

    Have you people learned nothing from me. It’s AND, not OR. A nice car AND better things. Not a nice car OR better things. This is the very essence of abundance.
    You've got a significant amount of years on me Damone. I'll get to abundance at some point. For now, the money goes into making more money. Getting over the hump of buying a home in SoCal and now looking at private instead of public school for both kids has me putting my money into appreciating assets or at least stable ones instead of vehicles which are some of the fastest depreciating assets a family usually has.
  • Baseman
    Baseman Member Posts: 12,379

    dnc said:

    dnc said:

    Didn't watch this clip, but Dave Ramsey is an idiot about some things. His car buying advice is horrendous.

    Disagree
    His advice would have told me to pay $40k cash for my wife's car rather than take advantage of 0% interest. Burning $40k at once when there is no financial benefit is terrible advice.
    OK yeah if there's 0% interest I'll give you that.

    His advice of "drive a beater until your out of debt" has been really good for us.

    We're within spitting distance of finishing student loans which is the last of the consumer debt/medical/credit cards/car payments/etc in Baby Step 2.

    We're more Daveish than gazelle intense but it's been helpful for us.
    I still drive a *reliable beater because I like spending money on better things.
    I don’t drive a beater and also spend money on better things.

    Have you people learned nothing from me. It’s AND, not OR. A nice car AND better things. Not a nice car OR better things. This is the very essence of abundance.
    My wife gets to have a nice car and she lets me drive it. But I have the 4 Runner curse and am stuck with a 14 year old ride with low miles. If I had a Jeep like @Swaye I'd have a new ride by now.
    I remember my Ferrari phase. Sigh.
  • MikeDamone
    MikeDamone Member Posts: 37,781

    dnc said:

    dnc said:

    Didn't watch this clip, but Dave Ramsey is an idiot about some things. His car buying advice is horrendous.

    Disagree
    His advice would have told me to pay $40k cash for my wife's car rather than take advantage of 0% interest. Burning $40k at once when there is no financial benefit is terrible advice.
    OK yeah if there's 0% interest I'll give you that.

    His advice of "drive a beater until your out of debt" has been really good for us.

    We're within spitting distance of finishing student loans which is the last of the consumer debt/medical/credit cards/car payments/etc in Baby Step 2.

    We're more Daveish than gazelle intense but it's been helpful for us.
    I still drive a *reliable beater because I like spending money on better things.
    I don’t drive a beater and also spend money on better things.

    Have you people learned nothing from me. It’s AND, not OR. A nice car AND better things. Not a nice car OR better things. This is the very essence of abundance.
    You've got a significant amount of years on me Damone. I'll get to abundance at some point. For now, the money goes into making more money. Getting over the hump of buying a home in SoCal and now looking at private instead of public school for both kids has me putting my money into appreciating assets or at least stable ones instead of vehicles which are some of the fastest depreciating assets a family usually has.
    You should move. Ever think of that? Head to a lower cost area with great public schools. Again, abundance.
  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,551 Founders Club

    dnc said:

    dnc said:

    Didn't watch this clip, but Dave Ramsey is an idiot about some things. His car buying advice is horrendous.

    Disagree
    His advice would have told me to pay $40k cash for my wife's car rather than take advantage of 0% interest. Burning $40k at once when there is no financial benefit is terrible advice.
    OK yeah if there's 0% interest I'll give you that.

    His advice of "drive a beater until your out of debt" has been really good for us.

    We're within spitting distance of finishing student loans which is the last of the consumer debt/medical/credit cards/car payments/etc in Baby Step 2.

    We're more Daveish than gazelle intense but it's been helpful for us.
    I still drive a *reliable beater because I like spending money on better things.
    I don’t drive a beater and also spend money on better things.

    Have you people learned nothing from me. It’s AND, not OR. A nice car AND better things. Not a nice car OR better things. This is the very essence of abundance.
    You've got a significant amount of years on me Damone. I'll get to abundance at some point. For now, the money goes into making more money. Getting over the hump of buying a home in SoCal and now looking at private instead of public school for both kids has me putting my money into appreciating assets or at least stable ones instead of vehicles which are some of the fastest depreciating assets a family usually has.
    You should move. Ever think of that? Head to a lower cost area with great public schools. Again, abundance.
    And miss out on leveraging historically low interest rates to make stupid money in a real estate market also tied to historic inflation?