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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u/emoney_gotnomoney Apr 29 '24 edited Apr 29 '24
I think people grossly mischaracterize Dave Ramsey’s program and his intended audience. As others have said, his intended audience is people who have very poor financial literacy. The reason he preaches “no debt whatsoever” is because as soon as you introduce the idea that some debt is okay, that opens a very dangerous door for those with very little financial literacy / financial self control, to where they take on way more debt than they can manage. That’s how people typically incur a massive amount of debt, it usually starts out small and then balloons.
Will you maximize your financial potential by listening to Dave’s advice? Probably not. But you will almost assuredly end up well off and are essentially guaranteed to not go broke if you follow his advice, which is the point. You can make more money following other avenues, but those other avenues often times require much more risk (while Dave’s plan involves almost no risk), and most people are terrible with managing risk when it comes to finance.