5 Reasons Dave Ramsey is Wrong On Growing Wealth

Dave Ramsey — The Debt Slasher?

Dave Ramsey is a decent resource for getting out of debt, but he is a lousy “financial advisor” once you are out of debt and have cash to invest.

Point 1: When tackling debt obligations, he picks the smallest one first, as opposed to the debt with the highest interest. Huge mistake.

Point 2: Cutting Up Credit Cards = No Credit Score

Point 3: He pushes Mutual Funds, not ETF’s on his listeners. He lacks risk.

Point 4: His Deeply Religious Angle

What if a non-Christian or an Atheist wants to budget and get ahold of their financial future. Should they listen to the Bible for financial advice? This is an attribute of his that is impossible to break from the financial advice he provides.

Point 5: Hatred of Alternative Investment Forms and Digital Currencies

Conclusion

A Silicon Valley based software engineer’s perspective on the world.

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