Good Dave, Bad Dave – Breaking Down Dave Ramsey’s Financial Advice
Dave Ramsey has built a big following for his financial advice and his direct approach to advising people on his media platforms. Like everything in the financial world, there’s some advice that applies well and some that doesn’t. In this episode, we’re going to give you two examples of information that we think is valuable and another that should be challenged.
Each of the clips today were pulled directly off social media and a good example of a video that people would watch and assume it was practical advice for anyone. We’ll break down both videos and describe our approach to financial planning and wealth management as it applies to these clips.
Here’s some of what we cover in this episode:
- The importance of financial literacy.
- What you need to know about the S&P 500 and how it’s used for benchmarking.
- Why paying cash for everything isn’t always the best approach. Debt can be beneficial.
- If you’re able to manage your money properly, you’ll have greater options for your financial decisions.
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