How many people use credit cards correctly?
"I made $5,000 from credit card rewards last year!"
"How much did you pay in interest?"
"Why?"
I usually agree with Dave Ramsey. When I disagree I do not say his advice is bad, just that it could be better. I will pay off my debts my way, faster, and save money compared to the debt snowball, but not by a huge margin.
He constantly preaches to cancel credit cards and never use them again. Credit rewards help some people. Others fall into a trap. I could not maintain work in 2007 and could not pay my credit cards. I joined the Army in 2008 and quickly paid off my credit cards, which the banks had already closed, but then I could not find anyone that would rent me a car without a credit card. Ramsey insists you can find one, but that was not my experience several years ago.
Ramsey says that you can get along just fine with no or bad credit, it will just be less convenient, and sometimes more expensive.
Some people need that. I do not think I do.
Denial!
Intervention!
Fish are friends, not food!
Here are more examples of his methods backfiring:
https://www.dailyworth.com/posts/430...it-score-price
He gives safe advice that probably works for 95% of people.
I wonder if anyone else gives advice that consistently helpful.
Deviate at your own expense.