Discussing Dave Ramsey and His Core Beliefs

Equipping Points:

More than likely, you’ve heard about financial commentator, Dave Ramsey. Today, we talk about some of Dave’s core beliefs and how they may differ from those of a licensed financial advisor. While Dave’s tips and baby steps have helped people, it’s worth taking some of his advice with a grain of salt.

Eric shares the nuance behind some of the absolutes that Dave stands by. Having a plan that works for you and your situation is key to your financial success. Working with a financial advisor who can sit with you and guide you every step of the way can make a huge difference and prevent you from making rash financial decisions.

 

Here’s some of what we discuss in this episode:

  • Should you cut up your credit cards?
  • Is whole life insurance a rip-off?
  • Should you invest in four types of mutual funds?
  • Is it easy to find mutual funds that average more than 12 percent annual return?

If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here. 

 

Today’s Takeaway:

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