[guinness4strength]

Ramsey is an old-school idiot and wind-bag who doesn’t understand the new economy, I was in debt for a LONG time to live a decent lifestyle until I made enough to pay it all off to continue my decent lifestyle. He would hvae had me suffering for nothing.

[Alberta's Child]

My only problem with Ramsey is that his advice is aimed at an audience of ordinary people who have little or no understanding of complex financial matters. His advice is basically: “Spend less than you earn.” It’s great advice, and it’s remarkable that he’s managed to turn that into a financial media empire.

In terms of substance, I think some of his advice about mortgages is ludicrous. It’s OK to set a limit on your maximum mortgage payment (as a % of your income) that is lower than what lenders will allow, but two things he recommends are idiotic: (1) favoring 15-year mortgages over 30-year mortgages, and (2) his insistence on large down payments.