this post was submitted on 29 Oct 2024
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Fuck Cars

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A place to discuss problems of car centric infrastructure or how it hurts us all. Let's explore the bad world of Cars!

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[–] ceenote@lemmy.world 137 points 1 day ago (6 children)
[–] expatriado@lemmy.world 76 points 1 day ago

broken clock tho

[–] HonorableScythe@lemm.ee 7 points 1 day ago (1 children)

Is he the idiot who demands you only pay for things in cash and store it in labeled envelopes?

[–] brbposting@sh.itjust.works 2 points 22 hours ago

Doesn’t that 1950s(?idk) advice kinda work for some people?

“Demands” though that’s odd

[–] Wicked4wesome@lemmy.world 20 points 1 day ago (1 children)

All you need to know about Dave Ramsey: i worked on his Jaguar XK.

[–] RisingSwell@lemmy.dbzer0.com 2 points 1 day ago (1 children)

Is that a particularly expensive jaguar? When I was car shopping I saw some jags for 20k or less so owning a Jag means absolutely nothing when it comes to wealth.

[–] AmbientChaos@sh.itjust.works 7 points 1 day ago

The trick is that it costs an absolute fortune to maintain them, that's why they're cheap used. I believe there Is a saying that goes something like "the only car more expensive than a luxury car is a used luxury car"

[–] Frozengyro@lemmy.world 8 points 1 day ago (1 children)

He's right for most people first beginning to improve their financial health. He has probably gotten more people out of debt than any other 'guru'. If that's a hack, so be it, it works.

[–] AmbientChaos@sh.itjust.works 9 points 1 day ago (1 children)

He once fired a pregnant employee because she wasn't married and therefore must have had premarital sex. They've fired 9 people for pre marital sex. Wacky

[–] NewNewAccount@lemmy.world 2 points 1 day ago (1 children)

Nah he’s alright. There is no nuance in his advice but for the majority of his listeners that’s probably a good thing.

[–] Kroxx@lemm.ee 1 points 1 day ago (1 children)

Yeah he has some shit personally takes and I hate the way he runs his company. He does give pretty decent financial advice though

[–] capital@lemmy.world 10 points 1 day ago (1 children)

No he doesn’t.

I can give better advice in a similarly easy to consume manner, applicable to most.

  1. Invest in a low cost target date fund. Look at Vanguard target date funds for examples and pick a year close to your expected retirement date.

  2. Pay your highest interest debt before lower.

Both of these pieces of advice make you more money than doing what Ramsay says and are equally easy to understand.

[–] Frozengyro@lemmy.world 0 points 1 day ago* (last edited 1 day ago)

Yes, but do people do it? No.

Do people actually do what Ramsey suggests, even if it isn't mathematically perfect? Yes.

You're under estimating the human factor.

[–] Cryophilia@lemmy.world -3 points 1 day ago

Dave Ramsey has excellent financial advice for a certain type of person. I bet 90% of people reading this need Dave Ramsey style advice.