Reply to Thread

Message

<blockquote data-quote="Larry Morgan" data-source="post: 1329394" data-attributes="member: 4676">That&#039;s one of the reasons I&#039;m don&#039;t care much for Dave Ramsey. I&#039;m not into the whole &quot;If you don&#039;t do it exactly the way I say, you&#039;re doing it wrong&quot; kind of instruction. Also, &quot;Living within your means&quot; is extremely relative, and has changed over the years. What may be an acceptable amount of debt to you may be &quot;living beyond your means&quot; to someone else. There are also cases where a person was quite obviously living beyond their means. For instance, just barely scraping by on huge 30-year mortgage payment each month. Debt can be a useful tool to get what you want, and it can also be a terribly addictive drug that can sink you. There is no black and white X amount of debt is good, but X+Y amount is wrong, which is why people get in trouble. You can literally ooch your way to bankruptcy if you don&#039;t keep it under control.</blockquote>

[QUOTE="Larry Morgan, post: 1329394, member: 4676"] That's one of the reasons I'm don't care much for Dave Ramsey. I'm not into the whole "If you don't do it exactly the way I say, you're doing it wrong" kind of instruction. Also, "Living within your means" is extremely relative, and has changed over the years. What may be an acceptable amount of debt to you may be "living beyond your means" to someone else. There are also cases where a person was quite obviously living beyond their means. For instance, just barely scraping by on huge 30-year mortgage payment each month. Debt can be a useful tool to get what you want, and it can also be a terribly addictive drug that can sink you. There is no black and white X amount of debt is good, but X+Y amount is wrong, which is why people get in trouble. You can literally ooch your way to bankruptcy if you don't keep it under control. [/QUOTE]

Verification