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Originally Posted by roflwaffle
I'd like for the world to switch from ICEs to EVs overall. Profits are great, but they aren't everything. Amazon's done fairly well with little profit.
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Amazon made $10.1 Billion in 2018.
Quote:
Originally Posted by Xist
II asked what she thought of Dave Ramsey...
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Dave Ramsey has some good basic advice for someone looking to dig out of debt. It is a very basic and low risk way to live. However, He isn't the prophet that some make him out to be.
My wife and I used his "Baby Steps" to get out of debt. We started at 25 and it was a very tight 7 years. (I also but my wife through 5 years of school in that time without taking on any new debt). However, the two biggest keys are 1. Making the goal to get your finances in order. 2. Creating a budget so you know where your money is going. Set a goal, make a plan, work the plan.
We never made it to debt free stage because it makes absolutely no sense to pay off our 3.25% mortgage when we have been making many times more than that investing in the index funds. So I still have a mortgage but I also have many multiplies of that mortgage balance in investments accounts. We will pay it off before we retire in a few years but that is simply for peace of mind.
Ramsey and Kiyosaki (Rich Dad, Poor Day) are the two poles. One says almost all debt is bad and the other that you should always be leveraged and using other people's money. The best result is likely somewhere in the middle.