This post continues our series from top personal finance bloggers writing about the best money post they've ever written. Today's entry comes from Five Cent Nickel where Nickel says the following about "Dave Ramsey is Bad at Math":
I guess part of the reason that I think it's the best is that it's generated the most discussion of all the posts I've ever written. While it's admittedly not completely fair to Dave Ramsey, it provides a detailed comparison of different debt reduction strategies, and shows that the most popular methods aren't necessarily the best (from a mathematical standpoint). Of course, you also need to factor in psychology, and this might tip the balance back in favor of Ramsey's method for certain people.
I am hot and cold on Dave Ramsey myself. Generally, I think his advice is good, but there are two things I can't get past: 1) his insistence on using NO credit cards (we're adults, aren't we?) and 2) his "style" (he's loud and often obnoxious). I'm convinced #2 is part of a planned "stage" presence, but I still can't get over it. As such, Dave's not on the list of financial experts who I regularly follow.
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