Is Dave Ramsey a Dirty Word (or Two)?

[timmybright]

Thanks very much! I've been playing music for close to 10 years.

It's extremely hard to fit it in. Basically I'm working insurance while I'm home from tour. I leave at the end of March for about four months, so I won't be selling insurance. I'd KILL to find a way to sell insurance from the road. I have internet access and my phone in the van, but I still can't figure out how to make that happen.

 

[Dave020]

Nice place.

Small, but nice.

Greater Geneva Area Chamber of Commerce

Sorry, the Yankee Geneva LOL

Geneva Area Chamber of Commerce

Home town of The "Gym Class Heroes", Loren Holly and Dan Brown (Da Vinci Code)

 

[somarco]

Damn Yankee's paid a big wad of cash to get Texiera. $180M over 8 yrs to swing a bat.

That guy could have had a future in insurance complete with residuals, but no, he wants to just play ball.

 

[Franz Kafka]

Thanks very much! I've been playing music for close to 10 years.

It's extremely hard to fit it in. Basically I'm working insurance while I'm home from tour. I leave at the end of March for about four months, so I won't be selling insurance. I'd KILL to find a way to sell insurance from the road. I have internet access and my phone in the van, but I still can't figure out how to make that happen.

I know an ex-musician who only sells to people in the music industry (musicians, managers, engineers, producers, roadies etc) and is doing well. Why don't you let others know you sell insurance and get the words of mouth started? Only problem he has is that these people are extremely "flakey" when it comes to keeping appointments but when they do show up they buy a lot and quickly.

 

[xrac]

I've added this image to my business cards.

Rick

Rick as you would say you and I are on opposite ends of the God question but this is too cool! Thanks!

 

[Joe Moore]

Four or five years ago we had a website up that used the same search engine as Zander Insurance, www.ipipeline.com.

Ipipeline is available for anyone to put on their website. We tried it for about 18 months, and never sold the first policy. We did not have a Dave Ramsey singing our praises to a nationwide audience.

When we were ready to shut it down, it took 4-5 months to get them to understand and stop the debit to our credit card. I think they finally understood it when we canceled the credit card.

I think Ramsey's advice on no debt is great. His advice on Zander and investments is very lacking.

 

[kyadto]

Isn't life Grand....Just imagine how many people run out and buy, "A good growth mutual fund" as Dave Ramsey recomends on his radio show. I would simply laugh as I drove down the interstate listening to this. Lets see, growth funds (which consist of large, small or mid size growth funds) are down anywhere from 36% -39% looking back 12 months from 3/18/09. Looking back 5 years, the numbers are negative as well. So much about creating wealth, or buying term and investing the difference. My difference just went down by over 1/3. Wonder if he would ever consider allowing bonds, REITS or a good ole money market to be a part of a person's portfolio. If so, I really do not remember him mentioning it on air.

I like the general (and I mean general message) Dave gives to people about getting out of debt. We are a debtor nation and know doubt need to become a saving nation. If he is getting people to buy more life insurance then that is great. However I really have a problem when he starts preaching that everyone needs to get out of debt, everyone needs term insurance, etc etc. Everyone? It reminds me of the Summer church revivals. I will say he is a promoter.

There is such a thing however as good debt. I like debt that is deductible and manageable. If I accumulate a bunch of money in one pocket, can't I take it out and pay the debt that was in the other pocket? I could do this when I wanted to and on my terms. If you pay off your mortgage, you will create large equity in the home......earning 0%. Yep 0%. You also have loss, liquidity, use and control of it. You can't touch it unless your given permission by the bank to loan it back to you (they won't do it if you have lost your job) or you sell the house. No I would much better prefer accumulating the money away from the mortgage where I can have liquidity use and control. Tehn I could take it all down there at once to pay it off if I wanted to.

The permanent insurance scenario has been twisted so much it has confused everybody. Dave's background and experience in insurance (I believe) comes from PrimAmerica. They only life insurance they sale is term or that is what it use to be.So that should throw up a few red flags there.

Bottom line. Don't get painted into a corner by generic broad brushed advice by anyone who has not been properly trained in all aspects of a financial plan. There is Pro's and Con's to everything.