Comments on: Do You Dave Ramsey?

By: Tax Preparation services

Tax Preparation services — Mon, 25 Jul 2011 13:40:49 +0000

I Dave Ramsey as much as possible. He has great ideas that are easy to understand. They just make sense.
Tax Preparation services´s last blog ..1040 Form

By: Dave

Dave — Sun, 15 Feb 2009 16:35:00 +0000

Thanks Dennis, I appreciate your comments! I like the profoundness in your simple statement that “a person living within his means, spends less then most folks making the same amount of money”. Yes, the reality is that one can differentiate themselves from the pack by even paying just a litle bit of attention. Similarly you are dead on with your thought about maintaining a frugal lifestyle today having an impact through the rest of one’s financial planning. You specifically referenced retirement planning but that thread also runs through the fabric of emerency fund savings, college savings, car expenses, voluntary taxes (like sales taxes) and this discipline can even extend into a job satisfaction and fitness…. hmm, I think you’ve helped spark the inspiration for an upcoming article!

Thanks again for your comments and kind words. I trust you’ll visit and participate in the discussion again soon!

Dave Ozment

By: Dennis Gravitt

Dennis Gravitt — Sun, 15 Feb 2009 14:20:42 +0000

Wow, what a great article! I became interested in Finance and Investing just prior to the tech bubble bursting back in 2000. As with this present “Credit Crisis”, a similar phenomenon occurred during that time. The Fed Chairman, Allen Greenspan appropriately named it “Irrational Exhuberance”. Unbelievably, less than ten years later, a similar thing has happened again. This time in the housing and credit markets. It was some time between 1999 and 2000 that I stumbled upon Dave Ramsey. It was life changing. And, when the markets tanked in 2000, I knew that I needed to do things differently.

In the course of serving others, as a Financial Advisor, I’ve learned this: A person living within his means, spends less than most folks making the same amount of money. He, therefore, has more money available for saving. But, herein lies the paradox. A more frugal lifestyle means that this persons retirement needs are likely to be sigificantly less than that of his peers (many of whom are laden with debt). Retirement Plan Providers, Brokers, and most Registered Investment Advisors, would have these frugal folks saving as much as their peers. Perhaps, instead of making the blanket statement that one should save 10-15% of his income, consideration should be given for retirement spending needs. While frugal folks are unhappy with the current condition of their retirement accounts, they probably aren’t panicking like most other folks. And, they likely aren’t clinging as fervently to the advice of their Financial Advisor, who in many cases has turned out to be merely a slick salesman.

So, How do I Dave Ramsey? By, living within my means, helping others live within theirs, and sharing the message whenever, and where ever I can…

By: Dave

Dave — Sat, 14 Feb 2009 15:24:55 +0000

Much appreciated Stephen. Really! Congrats to you for being in such good fiscal shape… undoubtly you know the significance of ‘paying attention’ in order to achieve (and maintain) that state… as well as the value of being in a good place financially so you can escape the Rat Race Trap… That’s where I am right now after recently being part of a buyout. I have an unprecedented opportunity to step back and figure out what I want to do. That’s not because the buyout was huge (it was not), but because I had spent the previous 20 months getting my act together.
So… as I wrote in one article… here I am… starting a blog and evaluating my next steps.
Thanks again for your comments and support. I know there are synergies between our messages (like Dave Ramsey and Dan Miller) so I look forward to keeping up with your work.
Thanks again!
Dave Ozment

By: Stephen - Rat Race Trap

Stephen - Rat Race Trap — Sat, 14 Feb 2009 11:11:04 +0000

A very original post. You have unique content here. I’m not into personal finance because I am financially stable, but I enjoyed this post immensely.