Dave Ramsey
The Daily News
Nashville, TN, United States
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Past articles by Dave:
Dave Ramsey: Examining the debt snowball
Dear Dave,What exactly is the debt snowball, and why is it such an important part of your plan?LeeDear Lee,The debt snowball is Baby Step 2 of my plan for → Read More
Dave Ramsey: Hiring the right person
Dear Dave,I own a small business with two employees, and I have a bit of a hiring conundrum. I’m looking at two candidates for a position, and on paper they’re evenly matched. I’ve interviewed each of them four times, and I’m still undecided. I was hoping you had an idea for determining which is best for the job.BryanDear Bryan,As an entrepreneur, that’s a great problem to have. I’m glad you… → Read More
Dave Ramsey: Hiring the right person
Dear Dave,I own a small business with two employees, and I have a bit of a hiring conundrum. I’m looking at two candidates for a position, and on paper they’re evenly matched. I’ve interviewed each of them four times, and I’m still undecided. I was hoping you had an idea for determining which is best for the job.BryanDear Bryan,As an entrepreneur, that’s a great problem to have. I’m glad you… → Read More
Dave Ramsey: Hiring the right person
Dear Dave,I own a small business with two employees, and I have a bit of a hiring conundrum. I’m looking at two candidates for a position, and on → Read More
Dave Ramsey: Hiring the right person
Dear Dave,I own a small business with two employees, and I have a bit of a hiring conundrum. I’m looking at two candidates for a position, and on paper they’re evenly matched. I’ve interviewed each of them four times, and I’m still undecided. I was hoping you had an idea for determining which is best for the job.BryanDear Bryan,As an entrepreneur, that’s a great problem to have. I’m glad you… → Read More
Dave Ramsey: Mom stole my student loan money — now what?
Dear Dave,I’m about to graduate from college, and while I’ve been in school my mom has been handling most of my finances. Recently, I discovered she’s been taking my student loan money and spending it on herself. So far, it looks like she’s taken around $12,000, and I have a total of $25,000 in student loan debt. Since I realized this was happening, I’ve been reading your books and learning how… → Read More
Dave Ramsey: Mom stole my student loan money — now what?
Dear Dave,I’m about to graduate from college, and while I’ve been in school my mom has been handling most of my finances. Recently, I discovered she’s been taking my student loan money and spending it on herself. So far, it looks like she’s taken around $12,000, and I have a total of $25,000 in student loan debt. Since I realized this was happening, I’ve been reading your books and learning how… → Read More
Dave Ramsey: No cash businesses?
Dear Dave, What is your opinion of businesses that no longer accept cash? → Read More
Ramsey: Married or single, budgeting is the key
Do you have any tips for how single people can stay on track with their finances? The first thing I’d suggest is the same advice I give to married couples, and that is to spend less than you make, and live on a written, monthly budget. Sit down at the end of each month and write down — on paper — all your expenses and income for the upcoming month. Give every dollar a job, then spend everything… → Read More
Ramsey: Rental properties are lower on the list
I have a rental property that I still owe some money on, and I’ve just begun Baby Step 2 of your plan. Should rental property debt be included in the debt snowball? No, it shouldn’t. Baby Step 2 of my plan is where you use the debt snowball to pay off all debt — from smallest to largest — except for your home. This, of course, comes after Baby Step 1, in which you save up $1,000 for a beginner… → Read More
Ramsey: 5 money-saving tricks for a happier Halloween
We love Halloween. What other night can you dress like a hot dog and eat all your favorite childhood sweets without having someone judge you? The problem is, we may → Read More
Ramsey: What’s the difference?
What’s the difference between a credit union and a bank? A bank is owned by stockholders. When the bank makes a profit – and they should make a profit – the stockholders, who are owners of the company, get that profit. It can be dispersed in the form of dividends, or the value of their stock is increased. A credit union is run more like a cooperative. Technically speaking, it’s operated not for… → Read More
Ramsey: Vacation home for rent?
What is your opinion of buying a vacation home, then renting it out when you’re not there? I see nothing wrong with it, as long as you’re buying with cash and you’re also debt-free. A vacation home is a wonderful “extra” as you start building wealth. Remember though, it’s still basically a very large, very expensive toy. In most cases, it will go up in value, and if you rent it, it might become… → Read More
Ramsey: He’s becoming a man
My son is about to go off to college, and I’m concerned about how he’ll handle his money when he gets there. We’ve taught all our children how to use your envelope system, and to save and give, but I’d like some advice on how he can safeguard his finances a little better. If you haven’t already covered it, he needs to learn to utilize a debit card and reconcile a checking account. Set the… → Read More
Ramsey: Where do I put the money?
I have a savings account for my two-year old that has $5,000 in it, and about half of that is in gold. I’m going to save for his college separately, and give this to him to help start his life after school. Is there a better place to put this other than a traditional savings account? First of all, you should not invest in gold. Gold is a very volatile, very dangerous investment. I don’t have a… → Read More
Pay it because you owe it
I got a department store credit card, using my real age at the time, when I was 17. I ran up a debt of $150, and the balance has grown to over $350. This was 10 or 12 years ago, but a debt collection agency started calling again the other day wanting the money. Hasn't the statute of limitations run out by now? What should I do? → Read More
Pay kids for good grades? Sure, why not?
What's your opinion on rewarding kids with money for getting good grades in school? → Read More
Dave Says Find a Good Stock Broker
Find one good broker you’re comfortable with and who has the heart of a teacher. → Read More
Dave Says Pre-Plan for Funeral, Don’t Prepay
Pre-planning and making selections ahead of time is a great idea, but it’s never a good idea to prepay for this kind of thing. → Read More
Dave Says Focus on That Emergency Fund
Dave recommends people delay all types of investing until they are debt-free and have an emergency fund of three to six months of expenses. → Read More