Comments on: Dave Ramsey’s Financial Peace University™ – Program Review

By: Scott

Scott — Wed, 29 Feb 2012 21:59:07 +0000

What’s so bad about having a mortgage? As I’ve paid mine down, I’ve refinanced numerous times and used that money to build wealth by buying investment real estate, 2 businesses and other investments. The passive cash flow I receive from these investments covers my lifestyle, easily including a mortgage payment, and allows me to support a challenged child, my church, 2 missionaries, several local charities, and brain and breast cancer research. I will continue this cycle, repeatedly harvesting equity from all properties/assets, and expand its reach until I am not mentally capable of doing so, and then the ideal will live on through my trustees.
A mortgage (debt) is one of the most powerful wealth-building tools in your financial toolbox. There’s good debt and bad debt. If you’re not responsible or disciplined, then debt could be a bad thing. In my opinion, it should never be used to fuel consumption, which has been encouraged by banks and credit card companies for their profit, not their consumers. But it can very effectively be used to build true wealth, which would be much more difficult if you tried to save your way to it. After all, who do you know who has saved up enough to pay all cash to purchase their home?
If you like, read The Fiscal Fitness Letter’s ‘Debtor vs Saver vs Wealth Creator’ for a different perspective and cycle for wealth creation.
I believe locking up a few hundred thousand dollars as un-performing equity in a home is wasting a resource that should be put to work for the greater good. It’s like the 3rd servant in the story of the talents in Matthew 25, who buried his share out of fear and did nothing with it. In faith, we can go forward and optimize our assets, cash flow and liabilities, confident our good stewardship will be blessed and we will be able to be rich in good deeds, generous and willing to share (1 Timothy 6:17-19). None of what I have will I take with me, but I can leave it better or greater than when I first received it.

By: Dave Ramsey: Financial Peace, 7 Baby Steps, Total Money Makeover

Dave Ramsey: Financial Peace, 7 Baby Steps, Total Money Makeover — Thu, 23 Jun 2011 20:29:23 +0000

[...] this will cost you around $100. Pete from Bible Money Matters recently shared his experience with Financial Peace University. It’s definitely worth checking out if you’re interested in doing the full [...]

By: A Review of Dave Ramsey's Baby Steps to Financial Freedom

A Review of Dave Ramsey's Baby Steps to Financial Freedom — Fri, 03 Jun 2011 13:05:02 +0000

[...] So there you have it — Dave Ramsey’s Baby Steps in a nutshell. With this plan as a template, you’re now ready to beat credit card debt, build up your emergency fund, invest for your retirement, save for your children’s college education, and build wealth. Lastly, you may also want to check out this article on Dave Ramsey’s Financial Peace University. [...]

By: I Cut the Cable – PrimeTime QuickHits

I Cut the Cable – PrimeTime QuickHits — Wed, 25 May 2011 04:12:05 +0000

[...] Is The Dow? Dave Ramsey’s Financial Peace University – Week by Week Purchase Real Estate Within Your Self-Directed IRA What we’re buying before our baby is born My [...]

By: Carolyn

Carolyn — Thu, 24 Mar 2011 02:49:03 +0000

I am interested in attending a class with my husband we live in whitby ontario not sure if anyone knows of any meetings we can sign up for?

By: Ann McKenna

Ann McKenna — Mon, 21 Mar 2011 22:27:38 +0000

How do I find a local Financial Peace University Program.?
Located in Orange County New York.
Local Zip codes are 10950; 10924; 10940; 10918

By: Andrew Beal

Andrew Beal — Sun, 17 Oct 2010 15:13:59 +0000

I’m a twenty-three year old tradesmen from Canada, thanks to Mr. Ramsey my fiancee and I are on the verge of having all of our wedding money saved up. We were lucky enough to find out about Dave Ramsey when we were still very young and because of that we avoided a lot of the traps a young couple can fall into finacially. For anyone who is in doubt about Mr. Ramsey’s system believe me I am living proof that it works and works well.

By: Dave Ramsey’s 7 Baby Steps To Getting Out Of Debt

Dave Ramsey’s 7 Baby Steps To Getting Out Of Debt — Tue, 11 May 2010 00:48:35 +0000

[...] For those of you who don’t know, Dave Ramsey is a personal finance guru who has a daily radio and TV show, in addition to personal finance seminar called Financial Peace University. [...]

By: Debt Free News From A Debt Free Reader #4

Debt Free News From A Debt Free Reader #4 — Tue, 13 Apr 2010 10:03:57 +0000

[...] were getting rid of debt were very supportive because many of them were taking Dave Ramsey’s Financial Peace University class with us, and were also working their way out of [...]

By: Credit Card Chaser

Credit Card Chaser — Tue, 05 Jan 2010 07:10:21 +0000

I agree with you in that Ramsey is a great teacher and communicator and definitely entertaining (after all I actually watch him on the Fox Business channel and how many financial experts could you say that people actually want to listen to!) but there are at least 2 areas where I think that Dave Ramsey is absolutely positively dead wrong and I can prove it here: http://www.creditcardchaser.com/dave-ramsey-credit-cards-i-love-ya-dave-but-you-are-dead-wrong/
Credit Card Chaser´s last post ..Dave Ramsey & Credit Cards: I Love Ya Dave but You are Dead Wrong