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

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.

By: Josh

Josh — Thu, 22 Dec 2011 16:32:35 +0000

@ Stevie

I don’t buy it. But I suppose, as you say, my “carnal mind” is clouding my judgment.

Orman doesn’t “worship” FICO scores, she simply relays the truth about today’s financial environment. Good luck buying an affordable car or home if your score isn’t so great.

We’ll follow the advice of those we deem legitimate. Since listening to Orman, I’ve eliminated my 11k in student loan debt, started a modest retirement fund, and saved 20k for a home downpayment. All in about 3 years. I think I’ll stick with Suze.

By: pacefamily6

pacefamily6 — Thu, 22 Dec 2011 14:13:16 +0000

Thank you, Stevie for those great words of wisdom.

By: sue

sue — Mon, 05 Dec 2011 14:28:31 +0000

Let me just say that I enjoy both Guru’s. I certainly have spent more time lately subscribing to the “Dave Ramsey Method” of finacial peace however, the truth is, the information he shares is not new. Read the bood “the Richest Man in Babylon” or “the Millionaire Next Door” just as examples…they profess the same message and were written prior to Dave’s horse and pony show. I am thankful he came along to inspire so many people to change their fiancial habits.

By: Erik

Erik — Mon, 05 Dec 2011 13:01:36 +0000

@Darla — Did you call Dave’s team and let them know? I have had wonderful service from my local ELP’s. Dave can’t rectify the situation if he doesn’t know about it. You owe it to Dave and his listeners in your area to let him know about the bad advice and rudeness, would you want someone else to have the same thing happen to them?