Unpopular Opinion: I don't like Dave Ramsey

It’s not the schools job to teach that stuff. Schools are to teach kids 2 plus 2 equals 4. What the powerhouse of the cell is.
I disagree. I think its the schools job to help prepare the kid for life.Of course the primary responsibility is the parents.

...but how hard is it to show a kid the dangers of high CC interest......or budgeting....or what the power of compounding does to your savings over the decades?
 
Hope you got a good umbrella to block out the mess from the exploding heads with that truth bomb.
Haha no man, just eat beans and rice and let the fed devalue any savings and inflate all assets and eventually you will get a 100 million net worth like me brother! Don’t mind that we will import 100 million people for you to compete against so I’ll get my diapers changed for cheap in the nursing home;) oh leave my money to my kids, naw I’ll give to a foundation I don’t wanna spoil them lolz

-Probably Dave to some poor gen Z kid
 
I disagree. I think its the schools job to help prepare the kid for life.Of course the primary responsibility is the parents.

...but how hard is it to show a kid the dangers of high CC interest......or budgeting....or what the power of compounding does to your savings over the decades?
It’s not hard, like I said, my high school provided a class like that. I still don’t think it’s their job. I support it as an elective class but it should not be a requirement.
 
I disagree. I think its the schools job to help prepare the kid for life.Of course the primary responsibility is the parents.

...but how hard is it to show a kid the dangers of high CC interest......or budgeting....or what the power of compounding does to your savings over the decades?
Problem is kids see mom and or dad swipe their cards for everything. Even if schools were teaching it they are seeing opposite at home.

I grew up poor and I know that greatly influenced the way I managed money today. I realize that doesn't apply to all.
 
I see this said about kids coming out of schools not knowing financial stuff and personally, I think it’s one of the fundamental problems. It’s not the schools job to teach that stuff. Schools are to teach kids 2 plus 2 equals 4. What the powerhouse of the cell is. That the US is back to back world war champs. It’s my job as a parent to teach my kids the life skills.

I took a personal finance class in high school. It was helpful but most of what I have learnt was from conversations at the dinner table and talking with other people.

The advice I always give my brother in laws(they are horrible with money, just like their parents) is to look at the people living the life that you want and figure out how they are doing it. If how they are doing it meets what your willing to do, then follow in their footsteps.
Sometimes they are doing it via debt. Sometimes they have the cash. Sometimes it’s a combination of both.
Agree it’s the parents job! My girls already have brokerage accounts in their name and will be deciding where to invest by the time they are 7-8 years old.

My dad did that with me in the early 90’s haha funniest part is we used Monopoly money. If we had used real dollars that portfolio would be worth about 300k plus it was like a 5k initial investment, lots of McDonalds, coke, Home Depot picks by my younger self, John Deere & Cat cause I like tractors haha
 
My kids had to take a personal finance class in high school. But the teacher was a DR fan, and the book was one of Dave’s. I pointed out the faults of one of the recommendations in the book (IIRC something about buying *only* an international mutual fund - which no longer appears to be his advice) and offered to go to the class to discuss that and any other finance point. Crickets.
 
My kids had to take a personal finance class in high school. But the teacher was a DR fan, and the book was one of Dave’s. I pointed out the faults of one of the recommendations in the book (IIRC something about buying *only* an international mutual fund - which no longer appears to be his advice) and offered to go to the class to discuss that and any other finance point. Crickets.
There are definitely some immutable truths in finance…. BUT! Things move pretty quickly, especially in this day and age that reading a book that’s even a few years old might be giving bad dope.
 
My kids had to take a personal finance class in high school. But the teacher was a DR fan, and the book was one of Dave’s. I pointed out the faults of one of the recommendations in the book (IIRC something about buying *only* an international mutual fund - which no longer appears to be his advice) and offered to go to the class to discuss that and any other finance point. Crickets.
This is why I am not a fan of schools doing it. It’s open to too much opinion and not enough fact. Two plus two equals four is a fact. How to invest your money is an opinion.

Largely what would be taught in school is going to come down to what curriculum they can get the cheapest to fulfill the mandate. If DR is willing to provide the curriculum cheaper than Robert K, DR is what will be taught.

No thanks, I will take the responsibility of teaching my kids that. DR was what was taught in the class I took as well.
 
School teaches math, accounting, economics. In other countries such as India, they also teach investing - how to determine better businesses based off the numbers.

Allowances were to teach money handling. Odd jobs and chores for others to make some more pocket money - again, to learn how to handle it, start saving, etc.

Anyone remember crown ministries? The biggest thing I learned from teaching that was if folks don't make enough money to cover expenses, then there is very little they can do to get ahead. You have to have fluff money to invest and build off of.
 
As a society, we fail on properly teaching economics and investing. I see it every year when I onboard our new hires. I devote at least 1 day to teaching the new guys (who are often <27 years old) how to set themselves up for an early retirement. I am fortunate to work in a place where you start out at the bottom making 6 figures. When you start out that high as a 20 year old, a bunch of them spend, spend, spend. It's all about educating them on the basics of 401k, roth vs. traditional, good debt vs. bad debt, investing for your future. This is a fundamental failure of their parents in my opinion.
 
I see this said about kids coming out of schools not knowing financial stuff and personally, I think it’s one of the fundamental problems. It’s not the schools job to teach that stuff. Schools are to teach kids 2 plus 2 equals 4. What the powerhouse of the cell is. That the US is back to back world war champs. It’s my job as a parent to teach my kids the life skills.

I took a personal finance class in high school. It was helpful but most of what I have learnt was from conversations at the dinner table and talking with other people.

The advice I always give my brother in laws(they are horrible with money, just like their parents) is to look at the people living the life that you want and figure out how they are doing it. If how they are doing it meets what your willing to do, then follow in their footsteps.
Sometimes they are doing it via debt. Sometimes they have the cash. Sometimes it’s a combination of both.
This.

BUT its just like pastors say at church. We're here to help magnify what you're doing at home raising your kids, not to replace you.
But parents are lazy and don't wanna do the hard things to teach their kids the valuable lessons they need to know.

Its how the family falls apart and the downward cycle begins. It's really not the kids fault. But Mom and Dad are too busy being selfish or dealing with their own sheet to help.

Dave helps those folks.

I'm blessed to have had a good grasp on it from solid parents.
 
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