The Money Podcast Why Dave Ramsey is WRONG About Debt and Money
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Dave Ramsey says that all debt is wrong. In this episode, Rob and Brandon challenge this notion and also question the normalisation of certain debt in society. They also discuss the concepts of ‘good’ and ‘bad’ debt and how debt can be used in creative ways.
KEY TAKEAWAYS
- Dave Ramsey’s comments on debt are probably in regards to the most common forms of debt for the average person, such as credit cards.
- Some debt is necessary, including to acquire property.
- If we avoided all debt, then business would be almost impossible as most businesses need loans to exist.
- Bad debt is when you use it to buy things you don’t need.
BEST MOMENTS
"They’re wanting to access a level of lifestyle they can’t support with their finances”
“I don’t like the consumerist mindset, I don’t like buying things that don’t have much of a value to them”
“It would be almost impossible to transact in a business without a loan”
“When you use debt to go out and acquire things that will get you more money, that’s a good thing”
VALUABLE RESOURCES
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ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
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LinkedIn: https://uk.linkedin.com/in/robmoore1979
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