Unfortunately, Ramsey’s actual advice is callous, mathematically dubious, and totally misunderstands how people end up in dark financial waters.

Unfortunately? No, that's by design. Fight me

Well he's one of those American religious nutjobs so no-one should listen to him really.

Dave Ramsey, born 09/03/1960 Boomer: born between 1946 and 1964

That’s where his advice is coming from.

A lot of boomers are convinced, that everything is always „your own fault“.

I’m convinced that those boomers simply refuse to consider anything else than „your own fault“ because based on this logic they can attribute their wealth to themselves instead of admitting they just got lucky with their birth year.

Personal responsibility only goes so far. It's frustrating because there is some good advice in there intermingled with the most condescending takes wrapped in a bow of magical thinking spirituality. He really rubs me the wrong way.

Evangelicalism has completely mind wiped Red States.

Just work harder, Serfs!

this is kinda stupid in absolute terms. no debt means no interest in savings. the real issue is casual debt. credit cards are great if you pay them off but horrible if you don't. anyone using credit cards as actual lines of credit are for the most part nuts although there are a few reasons to do so but even then its in kinda risky and almost scammy type of ways. things like a mortgage are fine if property values are reasonable. have not seen that in awhile. as is any debt utilized for long term creation and improvements. its also fine if its just to ammoritize a large cost for something that lasts long term. debt used badly though is mostly trying to make up for things that are already trumped up in the economy.