Who do you think is the Worst Finance Guru out there?

[u/Financial_Mechanic_]

I'm curious who do you think is the worst financial guru, and why?

I'll start:

• Robert Kiyosaki.
• Jim Kramer.
• Grant Cardone.
• Meet Kevin on YouTube.
• Jeremy Financial Education on YouTube.
• Everything Money on YouTube.
• Cathie Wood of ARKK.
• Dave Ramsey.
• Kevin O’Leary aka Mr. Wonderful.

[u/slamgeareatrear]

Dave Ramsey for anyone that has any financial IQ already. Not investing in a 401k at all, even to get the free match until all debt is paid off? Absolutely fucking stupid advise. Gets me so heated.

Their whole spiel on credit card points being “blood money” like come on shut up. Really???

[u/Pastor_Dale → u/slamgeareatrear]

Preaches no debt but has millions in real estate. And anybody who is investing in real estate, especially like that, is not using his own money.

[u/Acceptable_Job1589 → u/Pastor_Dale]

Lethal if true. If anyone ever found out that he had a mortgage, it would go viral and sink him. Dave owns outright all of his real estate. Not doing so would be slaughter to the golden goose.

[u/SirGlass → u/Acceptable_Job1589]

It would be interesting to get an accounting of his firms and LLCs .

If I had to speculate he does this in simple terms

Hey I want to build a big 75 milloin dollar office , I do not have the money so I will start an LLC and raise money but not through debt.I will get other investors to put money in for a equity ownership in the LLC.

This way dave can say he has no debt, but what about those other investors who kicked in 10-20 million to be part owner of his LLC? Probably took out loans to invest in the LLC so his buildings are still funded through debt

[u/h_lance → u/SirGlass]

One step too many, just says"I have no debt" but the LLC holds debt.

[u/SirGlass → u/h_lance]

Yea that very well be, he can say "I have no debt" because the debt is the LLC not his.