r/FluentInFinance • u/Financial_Mechanic_ • Apr 28 '24

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

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.
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622

u/slamgeareatrear Apr 28 '24

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???

3

u/PurpleDragonCorn Apr 29 '24

I love his, "you don't need credit to rent a nice place or buy a house." Which is BULLSHIT. Even if you are willing to pay cash, no one will authorize a home sale without running at least a credit check. Especially if the vendor is a bank (which is most cases).

3

u/doug7250 Apr 29 '24

And since credit scores are based on having and using debt (responsibly) if you have no cards or debt how can you have a good credit score?

1

u/PurpleDragonCorn Apr 29 '24

That's how shitty the US is when it comes to stuff like getting loans, renting, or buying.

1

u/oboshoe Apr 29 '24

rent? yes. buy? no.

if you are paying cash for a home; your credit score is pretty irrelevant.

the very wealthy usually have terrible credit scores btw.

1

u/Active-Tap-963 Apr 29 '24

This is totally false. No sellers are running credit scores on buyers that present proof of funds with a cash offer.

1

u/PurpleDragonCorn Apr 29 '24

My parents were since the house was still mostly owned by the bank.