this post was submitted on 08 Jul 2023
216 points (99.1% liked)

Ask Lemmy

26682 readers
3202 users here now

A Fediverse community for open-ended, thought provoking questions

Please don't post about US Politics.


Rules: (interactive)


1) Be nice and; have funDoxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them


2) All posts must end with a '?'This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?


3) No spamPlease do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.


4) NSFW is okay, within reasonJust remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com. NSFW comments should be restricted to posts tagged [NSFW].


5) This is not a support community.
It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.


Reminder: The terms of service apply here too.

Partnered Communities:

Tech Support

No Stupid Questions

You Should Know

Reddit

Jokes

Ask Ouija


Logo design credit goes to: tubbadu


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] regex1883@lemmy.world 2 points 1 year ago (4 children)

I'd say investing in my 401k.

I'd recommend to anybody looking for sound financial advice to look into Dave Ramsey. You can watch his YouTube videos and gain all the knowledge you need free. I never went through any of his courses and do not have any association with him. I was already doing most things he recommends and it works.

[–] Aliendelarge@lemmy.world 10 points 1 year ago (3 children)

Dave os okay for debt addicts to break that cycle but he's generally bad on basically everything else.

[–] threeLetterMeyhem@lemmy.world 2 points 1 year ago* (last edited 1 year ago)

He's generally non-optimal on other things, but I certainly wouldn't call his advice straight up bad on anything. Overall most people are signficantly better off following his advice than doing average-person personal finance things - the average person is pretty terrible with money and Dave's plan is a huge step up from that.

It's kinda like calling one diet bad because it's not as optimized as some other diet, but really both diets are amazing when you compare them to eating McDonalds 3 meals a day.

load more comments (2 replies)
load more comments (2 replies)