this post was submitted on 08 Jul 2023
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[–] [email protected] 4 points 1 year ago (4 children)

I'd say investing in my 401k.

I'd recommend to anybody looking for sound financial advice to look into Dave Ramsey. You can watch his YouTube videos and gain all the knowledge you need free. I never went through any of his courses and do not have any association with him. I was already doing most things he recommends and it works.

[–] [email protected] 11 points 1 year ago (3 children)

Dave os okay for debt addicts to break that cycle but he's generally bad on basically everything else.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

He's generally non-optimal on other things, but I certainly wouldn't call his advice straight up bad on anything. Overall most people are signficantly better off following his advice than doing average-person personal finance things - the average person is pretty terrible with money and Dave's plan is a huge step up from that.

It's kinda like calling one diet bad because it's not as optimized as some other diet, but really both diets are amazing when you compare them to eating McDonalds 3 meals a day.

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