metalandmeeples t1_j5u4epp wrote on January 25, 2023 at 4:12 PM

Reply to comment by Antnee83 in In need of help by YogiJ3ear

This is actually great advice if you don't have an immediate need for credit despite what finance bros like Dave Ramsay say. It's better to trash your credit for 7 years than trash your foreseeable financial future.

JimBones31 t1_j5uv1s0 wrote on January 25, 2023 at 6:56 PM

I used to be a staunch supporter of Dave Ramsey but have been moving away from that school of thought. (Though I'm still heavily anti-debt). I really wish personal finance was a required course in highschool.

Zephyr4813 t1_j5ycihx wrote on January 26, 2023 at 12:30 PM

The ultra anti debt takes I think are small brained. Cheap debt that can yield returns is amazing.

For example, I love my mortgage with 3% interest.

JimBones31 t1_j5ycsvv wrote on January 26, 2023 at 12:33 PM

Sure, low interest rates are great, but don't you want to own your home?

And starting a comment by calling someone small brained is small brained. 😊🤷

Enjoy your own personal finance. One of the things I've learned from not following everything Dave Ramsey says is that it's not my job to tell everyone how to spend their money.