Hi Reddit!
So I'm a senior in high school right now, and I recently completed a course about personal finance. The curriculum that was used in class was a high school curriculum created by Dave Ramsey of The Dave Ramsey Show.
I learned a lot of really excellent stuff from his curriculum, as much of it is just simple, common sense stuff. Get out of debt, stay out of debt, be prepared for the unexpected, be prepared for the expected. Simple but excellent advice that helped me personally get out of some poor financial habits before they hurt me too much.
But there were also a lot of things from Dave Ramsey's curriculum that seemed a lot more debatable to me. For example, he suggests literally never using credit cards, only buying things with cash and debit cards. He talks about not needing a credit score to get a mortgage on a house, which would be nice, but it just doesn't seem like realistic financial advice.
Obviously, Dave Ramsey is a smart man with a lot of good things to say, but his advice feels geared towards people already in a poor place financially, not so much towards people like me, with a fairly clean slate financially.
Without having much other financial knowledge to work off of, what do you guys think is correct about what Dave Ramsey says, and what is wrong about what Dave Ramsey says? Where would you recommend going to for financial advice?
(Quick note on my financial situation: I've developed decent financial habits, I have a job and save 80% of my income. However, right out of high school, I'll be using all of my savings to fund a 2-year humanitarian/service project, so I'll be starting over again financially to pay for college)
Submitted March 20, 2017 at 04:34PM by bobcrackchuc http://ift.tt/2mNIaAB
