Dave Ramsey, How Could You?

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Dave Ramsey, How Could You?

Uploaded by: rapidcity55
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Dave Ramsey, a well-known talk show host, is brilliant when it comes to managing spending, debt, and real estate. I recommend his books in my books and frequently hand out his DVD's on budgeting and cash flow management. However, when it comes to understanding investments and portfolio withdrawal rates, Dave could use a little education.
Rick Kahler, CFP, resides in Rapid City, South Dakota and is a fee-only financial planner. He is the co-author of "The Financial Wisdom of Ebenezer Scrooge" and "Conscious Finance," both available on Amazon.com. You can learn more about Rick at wwww.kahlerfinancial.com.

Tags for this video: budget cfp city conscious dave financial invest kahler money planner planning ramsey rapid rick saving

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What gets me is his ... ( 3 months ago by addbball)

What gets me is his position on gold. He claims that gold has never been a good investment, hasn't kept up with inflation and has only returned 4.2% over the last 75 years (not a fair period of time). The U.S. was on a gold standard the first 38 years of the 75 he uses. It's obvious that you won't get more dollars by holding gold during a gold standard! If you start in August 1971 (U.S. came off the gold standard), inflation is over 1700%, the Dow is up only 1200%, and gold is up nearly 2000%.

Thanks for the ... ( 3 months ago by RealAndTruth)

Thanks for the sound information Rapidcity55. Dave is not an investment planner, PERIOD!

I am praying for ... ( 3 months ago by scintally)

I am praying for you. Dave is a wonderful man who has helped millions of people! Maybe you should listen to Ramsey for more than 11 minutes, read one of his books or go through his 13 week course. Why didn't you spend your time calling his radio show to rebuke him directly instead of talking to a camera? God Bless you!

Thank you for your ... ( 3 months ago by rapidcity55)

Thank you for your prayers! You will be thrilled to know they worked, retroactively!! I've listened to Dave almost everyday for several years on my drive home each evening. I've read his books. And, I actually did contact Dave about his mistake. I guess your prayers are three for three!!! Maybe now that your prayers have worked for me, you should start praying for Dave, because he blew me off. So, several weeks later I wrote my column and talked to my camera.

Dave doesn't know ... ( 2 months ago by sarahvandy121)

Dave doesn't know investing well. Rapidcity is right, as much as it pains some of you. Dave does have to keep it simple, because most people that are in debt don't know money and investing well either or they wouldn't be in debt in the first place.

You are talking ... ( 1 month ago by stevedb28)

You are talking about a man (Dave)that deals in a whole multitude of issues from investing to bankruptcy to business management as well as finacial legal issues. His specialty is getting ppl out of debt,

Lazy?? Morons?? ... ( 1 month ago by stevedb28)

Lazy?? Morons?? uneducated?? I think you dont understand the financial game. If you actually listened and did what Dave advises, youd understand, I have done what he advises and I bet money that my finances look a heck of a lot better than yours!! We are in the middle of a recession and credit crunch and while youre hoping and praying that the bank will still give you that loan on that shiny new car, Im paying cash. Who cares if your interest rate is 5 pct? Mine is 0 pct. Now, whos the moron

Thanks for helping ... ( 1 month ago by rapidcity55)

Thanks for helping me make my point. Dave is brilliant in helping people get out of personal debt, real estate, and bankruptcy issues. He has a lot of common sense. He is not, however, an investment specialist and he would do himself a favor to either get some education in that area or consult with someone that does.

and the only reason ... ( 1 month ago by stevedb28)

and the only reason you think he should do all that is because you have a dog in the race!! You have your own personal agenda of saying youre right and hes wrong. Now if you want to know someone that is TERRIBLE at financial advice, you need to drill Jim Cramer. He gives bad bad advice daily and yet you dog on Dave and you make it sound really good that you LISTEN to him and all and give him one minute of good comments while spending the next 5 minutes calling him everything but a Christian.

The only people who ... ( 1 month ago by joeybuttifucco)

The only people who critize dave are financial planners. I'm sure this guy has a special interest in his own commission. Sure, his ideas "might" return a little more, but then he gets his cut. Debt is the main enemy here. This guy has too much time for making a video. Markets are bad, he must be bored while dave is on the radio 3 hrs a day helping and making money himself.

I'm sure you are ... ( 1 month ago by joeybuttifucco)

I'm sure you are the guy he should invest his millions with. What is your commission rate?

Sarah must be his ... ( 1 month ago by joeybuttifucco)

Sarah must be his secretary. Rapid said "sarah, they're bashing me, post a comment saying how smart i am"

This guy is ... ( 1 month ago by joeybuttifucco)

This guy is probably hurting as of late. Time for the finanical planner bubble to burst. "dave didn't check the facts", yet he's a multi millionaire. He ends with promoting himself. Buy this, buy this....from me. Dave encourages investing yourself so this guy dosnt take all your profit. This guy is just trying to profit off dave. He is trying to tap into daves loyal listeners who are going to have a lot of extra cash due to Daves advice, not this schmuk.

Hey Joey, my ... ( 1 month ago by rapidcity55)

Hey Joey, my commission rate is "0". I am a fee-only financial planner which means I don't sell any investments, just advice.

Dude, what video ... ( 1 month ago by rapidcity55)

Dude, what video were you watching!! Not mine. I don't end any video promoting a product or ask anyon to buy anything from me....because I don't sell products. I only sell my advice. You must be watching a commission planner and confusing him with me, do you think?

maybe you should ... ( 1 month ago by joeybuttifucco)

maybe you should tell me to check the facts now. wish i had the time, gotta run loser

Hey, I like Dave! ... ( 1 month ago by sarahvandy121)

Hey, I like Dave! He's very knowledgeable and I'm not disputing that, but he doesn't know everything about investing because it's not his specialty. Would you rather a Neurosurgeon or your GP do your brain surgery? I'm not attacking Dave. I listen to him often and he gives his target audience some great advice. He has enriched many people's lives with his no nonsense strategy. Also, I am no one's secretary.

As of 12/5/08 the ... ( 1 month ago by Dhayes8282)

As of 12/5/08 the REIT by Vanguard he is talking about is down 47.02% YTD. It is down 1.16% over the last 5 years while a Vanguard Mutual Fund, VGSTX, is up 1.16% over the past 5 years and has had a generous 8.95% return since inception. That is why day is a millionaire because he is more conservative and he makes well calculated risks.

So how much money ... ( 3 weeks ago by Cybrokat)

So how much money does this guy have? Why isn't he as famous as Dave if he knows whats going on? Because I strictly follow Dave. I now, as a young woman, making $8 an hour, who got married this year and moved into my first home, cut up my credit cards, have my emergency fund, and have paid off 2 of the 3 credit cards. This guy may be about hording your money, but Dave teaches you how to get money to horde and freely admits there are other awesome people out there to learn from.

"I don't sell ... ( 3 weeks ago by EmbraceTheThunder)

"I don't sell products. I only sell my advice." "I don't sell.." "...I only sell.." How contredicting. Your advice is your product, which you -are- promoting.

"So how much money ... ( 1 week ago by eatingworms)

"So how much money does this guy have? Why isn't he as famous as Dave if he knows whats going on?" ____________ Because "dumbed-down" can generally outsell nuance. Seriously, listen to how boring this guy is... he dares to bring in actual facts, to cite authorities (like Morningstar)-- and he just isn't all that entertaining. Meanwhile Dave R. hoots and hollers like Jackie Gleason, calls people "idiots", and is generally entertaining.

This dude needs to ... ( 1 week ago by vers0014)

This dude needs to take the stick out of his butt.

Ok, so I went ... ( 6 days ago by IHateUserNames86)

Ok, so I went online to Morningstar and looked up those stats he referred to. Clearly this guy has never studied a course in even the most basic statistical concepts. The best growth stock mutual funds have in fact returned 12-15% per year when you take into consideration the fact that they have totally tanked over the last 12 months and this has skewed the data seriously. However, if you take the average over ten years prior to
2008, Dave Ramsey is completely vindicated!

This guy looks like ... ( 1 day ago by gigman7)

This guy looks like he is in some Japanese movie where his lips don't go with his voice.

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