Dave Ramsey: Render unto Caesar faith in a government currency destined for oblivion; avoid debt, scrupulously pay taxes, and whistle past the graveyard where your currency is soon headed…
...as if that currency was as good as gold and had an infinite future.
Too bad Ramsey isn’t as critical of debt on the governmental scale (as reflected in the chart included in the linked Doug Casey article)—and of the politics leading to currency bankruptcy—as he is of debt on the personal level. To Ramsey, one currency is as good as any other as long as it’s ordained by Caesar.
Too bad Ramsey isn’t as critical of debt on the governmental scale (as reflected in the chart included in the linked Doug Casey article)—and of the politics leading to currency bankruptcy—as he is of debt on the personal level. To Ramsey, one currency is as good as any other as long as it’s ordained by Caesar.
Just look at that budget graphic for last year. Holy shit...
we'll just knock a few zeros off the $100 to make the New $1.00 bill
now, where did i hear this before....
Hyperinflation in the Weimar Republic
On November 16, 1923, the new Rentenmark was introduced to replace the worthless paper marks issued by the Reichsbank. Twelve zeros were cut from prices, and the prices quoted in the new currency remained stable.
The Petrol Dollar is hemorrhaging.
BRICS will be the next world currency.
It is not a matter of if but when.
The Cabal intended to kill Middle Class America.
They never expected Russia, China, India et.el. to step into the void.
You have a choice my friends.
No matter what "cash" incentive they offer you (and they will offer you a pseudo incentive) do not convert your wealth to CBDC's.
Once you do, there is no going back.
Not being hurt by bank failures is a harder problem, though. Ultimately we can't trust banks because their directors and officers aren't liable if they lose our money. That situation should not be allowed.
And also a solar "shield" cooking lens [You know, the type that melts razor blades, and rocks!] Or a little less powerful than that.
But diversify. Have enough of everything without too much of any one thing.
Today, your "prepping" seems like overkill. AFTER the event happens. It will seem like you did not do enough!
I still think that biggest cancer in the United States is people thinking that they should get things they haven't earned. And that's exactly what debt is. It pervades the minds of the people and the peoples' representatives and destroys us from within as sure as any vice.
It's a bit dated.
I have helped coach many people in their finances and have seen them turn their lives around.
MUCH of what Ramsey says MAKES sense.
And I paid my house off early (11 yrs). I don't have car payments, etc. I prefer to collect interest...
I have referred many people to start with his stuff.
BUT I don't use cash in general (we disagree here, unless someone has a "habit", and I usually start people on ONLY CC for Gas and one for emergencies. NOT to cancel them, but no balances).
And then the deeper I get into this guy. THE LESS I LIKE HIM. He was involved in some scam buying back timeshares, and the approach that DEBT is always bad is wrong. Debt is DANGEROUS... But properly handled... It makes sense. I would not have my degree, my first car, or my first house without debt.
It's sad I needed to take on that debt. Agreed.
But I don't send many people to him any more as I think he went way over his skis a bit lately...
I don't use credit cards, only debit cards. Cash is more difficult to deal with than paying with a debit card, and the debit card gives you a way to analyze where your money has gone.
In this inflationary environment, LOW interest rate mortgage can be not so bad.
Now, in FL, the advent of Property Taxes and SKY HIGH Insurance are making property ownership difficult EVEN in that light. Buy a 500K house. And end up with $5,000/yr (or more) Home Owners insurance. It's like a 1% premium EVERY year. Taxes are like 2%, HOA, etc. etc. etc.
Debt is DANGEROUS. So are KNIVES and GUNS... But I've successfully managed all 3 :-)
But yeah, this is how they get you. ONE bad month and you are in trouble. And it could take a while to dig out of. Meanwhile, that $500 month is wiped out quite quickly.
And as you realized, it's hard to do ANY kind of "timing" because you are using the car for the NEXT month, by the time you realize THIS MONTH is a problem.
I teach people to have 2-3 credit cards. ONE they use and pay off monthly. One for emergencies ONLY. And the OPTIONAL 3rd card for managing long-term issues. Usually one that has a LOW TRANSFER Rate. In case you need to use THIS card to pay off one of the other two. Again, going for the more favorable terms on this card.
But the real discipline is learning that MONEY is a STORE of PREVIOUS WORK EFFORT.
if you can get someone to price things in "How many hours do I need to work to pay for that?"... It's EASY to be a saver...
New $80K car? I make $40/hr. That's 2,000 hrs (or 1 year buying NOTHING ELSE). Would I work for someone, for FREE for 1 yr, to get this car? [While I still have to pay my other bills?]
Probably not. I'll pass...
LOL