But my utilities/transportation are less. ex: my rent is over Dave Ramsays estimate. Also, you have to realise that we are all in different positions, our expenses vary depending on our location as well as personal responsibilities. As long as you realize that a motivator is bound to make more mistakes than an advisor, his game makes sense.ģ5% savings (school/retirement/condo etc.)ħ% utilities (gym, phone, electric, internet, transportation)ĭonating more than you're saving is insane. People need to realize that the reason why he has so many followers is because he is a motivator rather than a personal advisor. I agree that he is overly optimistic and his math is off.but he is selling encouragement, not financial planning. Then, after settled, continue to give.Ī lot of people in this thread seem to have only heard of DR's stuff second hand and not heard what he actually has to say at all. He has said on multiple occasion that it is reasonable to stop giving for a whole in order to get yourself in order and bring yourself to a higher income. It is more about the giving than tracking the numbers to be sure they match.Īnd finally, he has addressed the 10% in terms of a "rule". He has also said that, while he pushes for 10%, less than 10% is still a good thing. He advocates donating time if you do not donate money. He has said that he understands in people stop giving during the debt time period. People are down voting you, but you are correct in a way. Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. Get your financial house in order, learn how to better manage your money, and invest for your future. Banking Megathread: FDIC, NCUA, and your cash.Private communication is not safe on Reddit.
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