The Dave Ramsey Dilemma

[Chad Tate]

As a newbie with limited capital from which to begin investing, and a Dave Ramsey fan, I'm struggling with how to justify REI knowing he teaches to do everything with cash, including REI. In fact, it would seem that any strategy I'd have to consider to get started would be 180 degrees from what he teaches (I'm liking BRRRR). He went from millions to bankrupt with REI so it's hard to disregard his experience and concerns.

Any help with thinking this through is greatly appreciated!

[Account Closed]

Chad Tate there are plenty of threads on this topic of you do a search. The bottom line is everyone needs to find their balance of risk tolerance and need for fast returns. Debt is not uniformly evil but for the audience Dave reaches no debt is probably the right message. If you are an alcoholic zero alcohol is a good policy. But if you can drink responsibly social drinking is fine and even beneficial. Same with debt. If you are smart and Use Debt wisely and carefully it can be a good tool to grow wealth. If you leverage every last penny with no reserves a bad cycle will bankrupt you. You need to find your own balance rather than blindly follow any books or even this site. Good luck