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Why Dave Ramsey's Ideas Are Problematic

By Anne Trimble


Many Christians advocate Dave Ramsey. And also endorse his career move of exhorting followers to climb out of debt in order to feel economic freedom. As a religious commitment, he has frequently offered lots of people sensational, life-changing insights.

So it is with a heavy heart that I must point out that the other aspects of Ramsey's advice are very problematic: He urges Christians to resort to debt-money investments instead of steering them toward the ultimate source of financial security, God's Money - precious metals such as gold and silver.

Ramsey, as well as his Financial Peace University, have assisted followers discover ways to resolve their finances and avoid financial debt. His radio program is filled with stories of grateful Americans who have pursued some version of his get-tough debt-reduction plan and who have reached a brand-new, a lot more secure economic situation, as a result.

But Ramsey is not always giving sound advice.

He promotes "gold parties" where Christians gather and give away what little they have of God's Money, gold and silver, as well as precious jewelry, in exchange for yet another fistful of paper currency that will certainly have little worth other than as kindling for a fire. If he truly desires to offer his listeners and followers the very best recommendations, he ought to be advising them to turn things around and have events where individuals buy gold as well as silver!

Ramsey, additionally, enthusiastically encourages church groups as well as followers to purchase stock funds. He even goes so far as to express concern about purchasing gold and silver as the best instruments of value.

Would God have us invest in stock funds? I do not think so-- all they are is yet another type of instrument for relying on the crumbling debt-money monetary system. In 2008, Ramsey as well as numerous other Christian financial consultants told their customers to ride out the stock-market collapse and the global economic crisis.

It was bad advice then. By comparison, I told all of my customers and anybody else that would listen to me to get away from paper investments before it was too late. As a result, my clients have made a 100-percent return and even more since 2008.

What about individuals who listened to Ramsey? There is nothing good to report. As every disappointed capitalist in the debt-money system now understands, every major investment has been hit by losses as high as 40 percent in the last four years.

And what Ramsey is saying about investments is even worse advice now.




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Ditulis oleh: Unknown - Saturday, October 13, 2012

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