Inflation! $$

[opie]

I listen to clips from his show on YouTube. Much of what he says is just common sense but it needs to be heard.

Exactly.

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[DUBL0WS6]

It is but if you've ever listen to his radio show, people call in during the entire show and give their specific money issues and he gives them advice. So its not all just cookie cutter

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Let me be more specific. I'm referring to his "get out of debt" before you invest advice. For the average person, digging out of debt before investing will lose them years of investment time. He's giving advice to people who pile debt on debt. The problem is that the 5 or 10 years it takes to get out of debt is 5 or 10 years of no investing for the future. Someone in their 50's who takes his advice will have nothing set aside for retirement as they need 20 years or more of returns. Most people would be better off reducing debt while investing a modest amount.

The second thing about being debt free is that you constantly use up your resources. Paying for a large purchase entirely by cash could wipe out your nest egg for a couple years. Third he's made his money from investing and selling advice. Nothing wrong with that but not everyone fits in the same box.

[opie]

True. Also, a nest egg is not to be touched for anything other than emergencies imo.

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[DUBL0WS6]

True. Also, a nest egg is not to be touched for anything other than emergencies imo.

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Several years ago I talked to an insurance salesman about getting an annuity. He told me that the average person needs to have 30K of accessible cash or assets that can be converted to cash for emergencies.

[Flash Gordon]

Several years ago I talked to an insurance salesman about getting an annuity. He told me that the average person needs to have 30K of accessible cash or assets that can be converted to cash for emergencies.

Sounds like a 69 camaro might fit that bill. Now I just have to convince my trustee

[Flash Gordon]

True. Also, a nest egg is not to be touched for anything other than emergencies imo.

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I need a emergency vacay to Panama

[DUBL0WS6]

A 69 Camaro emergency fund is highly moveable. That would be a fast transaction.

[Coatingsarecrack]

A 69 Camaro emergency fund is highly moveable. That would be a fast transaction.

Depends on the motor ….


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[PaulMys]

Depends on the motor ….


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COPO Yenko 427 would probably be enough..........