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I follow Dave Ramsey and I appreciate his content, however once I pay down my debt and build an emergency fund I will likely stop following to the T. Here's why:
Financial professionals cannot give advice that's more sophisticated than the person they're counseling. The person will not understand or have the resources to enact more complex strategies. He's giving counsel that works no matter the economic position of the individual in order to build wealth and acquire assets slowly. I ain't got that kinda time. I may use some form of debt for a larger acquisition in the future.
I’ve been saving up a little more than usual. I’m working on paying off a debt that will free up $426 monthly in my cash flow which is great. I know all about Dave Ramsey, took and even taught his course but am not a strong follower. I’m on “baby step 2” and am on track to pay off major debt. Outside of that... just saving as much as I can and dealing with life transitions (my roommate is a nurse and picked up travel work so now I have to move).
Bowl Leader
That’s great, I am on baby step 4. I found out about him when I was in a bad situation...