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Thread: Do Financial Advisors follow Dave Ramsey principles with their clients?

  1. #1
    ShannonS
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    Do Financial Advisors follow Dave Ramsey principles with their clients?

    Hey all,
    This is my first time on this site, so bare with me if I do something frowned upon.
    I am attending a community college in the Fall for Finance to be a Financial Advisor.
    My question is, are there any Financial Advisors here to verify whether Dave Ramsey principles are frowned upon in the college world, or if you as an Advisor have strayed away from his principles.
    I want to get a full picture going in so I know that I'm not being mislead by a biased teacher who doesn't agree with his foundation.

    Thank you

  2. #2
    Abuses authoritah with reckless abandon. EvilGreebo's Avatar
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    Welcome, ShannonS. Good question. May I suggest that you go ahead and register for an account here, which will give you access to our full site. This is the visitor information forum which is intended to allow people to ask questions about registration and the site in general, and your question really deserves to be in a more active area.
    If you're having trouble logging in or any other tech support issues, or if you have a question about the software, please post them in the Visitor's Corner.
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    Reaching out to me privately may not result in a quick response. Posting in the Visitor's Corner ensures other staff members will see your post as well and may be able to help you more quickly.

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  3. #3
    Gazelles for the win
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    Welcome! I agree with registering so that you can see the rest of the content here.

    in answer to your questions:
    1) Some disagree with Dave's "debt snowball" because you actually can pay a little less interest by paying off the highest interest rate first. However, paying off debt in Dave's debt snowball order does an awesome job in helping a person stay motivated and making great progress. Debt will actually be paid off faster if you are motivated to keep killing the next debt.

    2) There is always the argument that some debt is "good" - Dave and the majority of those who follow him disagree and like the reduced risk of no debt.

    3) Some disagree with the "no credit card usage" that Dave promotes.

    4) Finally, many disagree with Dave's investing philosophy.

    Overall, Dave does an awesome job of keeping people motivated, helping them pay off debt, and getting them on a firm financial foundation.
    Mortgage paid off Feb 12, 2010 BS 7a - kitchen remodel completed - 2011 BS 7b - my bathroom remodel and max out sinking funds ($13.5K) - 2012 BS 7c - min car repl fund $13K - 2013 My goal was to retire in Jan 2016 at age 58, but instead I retired 10/24/2014

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