Comments on: Dave Ramsey Vs. Suze Orman: Should Your Financial Guru Be Changing His/Her Advice?

By: Honolulu Aunty

Honolulu Aunty — Sat, 21 Apr 2012 05:45:48 +0000

I am not a Suze fan, nor a Dave Ramsey fan, though I must admit they are good advisers for people in bad debt.

However, I believe there is good debt, and that is why I am a Robert Kiyosaki fan. Reducing expenses and debt is good. Increasing income through investing along with that is fantastic.

Mahalo for your passion and mentoring!

Aunty

By: Taline

Taline — Mon, 19 Mar 2012 02:54:01 +0000

Love this post! I like Ramsey myself

By: Marc Bastien

Marc Bastien — Fri, 16 Mar 2012 00:51:31 +0000

I’m a huge Ramsey fan, since I followed him out of debt last year. But we do part ways on the FICO score. I recently spoke to my auto insurance company to ask them what would happen to my rates after several years of debt-free living reduced my FICO score to zero. The answer they gave? My rates will double!! Not good. I’ve never heard DR address this on his show or in his books.

By: dan

dan — Sun, 11 Mar 2012 17:58:36 +0000

Hmm that would make Suze Orman less than honorable if she’s changing her posture on paying off credit cards because she may be getting something from them. Hey you never know.

By: Adam Dukes

Adam Dukes — Wed, 08 Feb 2012 20:52:38 +0000

A great breakdown of both gurus. I am a die-hard Dave Ramsey fan! I have drank the kool-aid and am slowly moving my debt snowball down the hill.

Great blog, by the way!

By: Elaine

Elaine — Tue, 07 Feb 2012 05:00:41 +0000

You did a fabulous job explaining both sides and bringing the information together in a solid conclusion. The 2008-2011 period was a radical shift from everything we’ve known for the past century about money. I think Ramsey has great points, but the fact is he’s not widely accepted by most people. Suze’s advice is probably less stringent in terms of debt, but appeals to the more “traditional American.” You summed it up perfectly – a little of both is best!

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By: Jenny

Jenny — Sun, 08 Jan 2012 05:30:04 +0000

That is if you can sell your house, most people can’t because the market sucks and many owe more than it’s worth. Housing, food and utilities are of utmost importance everything else is secondary to those. I was late on a mortgage payment 7 years ago and it will never, ever happen again, if I have to work at a fast food restraunt and not pay anything else. Keeping my home, which is modest and the mortgage is less than rent, is my priority.

By: Bob

Bob — Mon, 02 Jan 2012 14:57:04 +0000

Suze lost me a few years ago when she appeared in the Cadillac ads promoting their 0% financing, which goes against DR’s philosophy of paying cash for your cars. (a little background: I used the baby steps to pay off all my debt except my mortgage, then I lost my way and have run up some cc debt again. I’m starting the snowball TODAY to regain my security.). However, all of the the endorsements Dave has throughout his show turns me off. I don’t know why, but they do. That said, his baby step plan is a great outline but ultimately we all have to be our own judge to decide when the plan need to flex a little. Suze wasn’t wrong in suggesting that folks may want to bulk up their emergency funds, but if your debt is paid down you don’t need as much of a nest egg, do you?

By: Troy Nielsen

Troy Nielsen — Sat, 24 Dec 2011 18:33:22 +0000

Dave Ramsey hands down. His principles work and there’s no reason to change them. I would argue for a $1500 emergency fund because $1000 feels a little thin sometimes. One bad car repair or house situation and that’s one large is toast. Also, Dave Ramsey is not endorsed by credit score company.