Comments on: Dave Ramsey Rocks! (Even IF He Is Bad At Math) http://www.ncnblog.com/2007/05/02/dave-ramsey-rocks-even-if-he-is-bad-at-math/ Debt Reduction Rocks - We Are Living Debt Free! Sat, 21 Nov 2009 11:44:22 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: I’ve Paid For This Twice Already… » Blog Archive » Welcome to the 101st Carnival of Debt Reduction! http://www.ncnblog.com/2007/05/02/dave-ramsey-rocks-even-if-he-is-bad-at-math/comment-page-1/#comment-28975 I’ve Paid For This Twice Already… » Blog Archive » Welcome to the 101st Carnival of Debt Reduction! Mon, 20 Aug 2007 13:02:06 +0000 http://www.ncnblog.com/2007/05/02/dave-ramsey-rocks-even-if-he-is-bad-at-math/#comment-28975 [...] presents Dave Ramsey Rocks! (Even IF He Is Bad At Math) posted at No Credit Needed. NCN was the first personal finance blogger I ever read and he is a [...] [...] presents Dave Ramsey Rocks! (Even IF He Is Bad At Math) posted at No Credit Needed. NCN was the first personal finance blogger I ever read and he is a [...]

]]> By: The Happy Rock http://www.ncnblog.com/2007/05/02/dave-ramsey-rocks-even-if-he-is-bad-at-math/comment-page-1/#comment-10969 The Happy Rock Thu, 03 May 2007 16:06:55 +0000 http://www.ncnblog.com/2007/05/02/dave-ramsey-rocks-even-if-he-is-bad-at-math/#comment-10969 Nice post. I used started getting rid of $70,000 in debt using my own plan, and then switched to the snowball. I very much enjoyed the simplicity and the external rewards of the snowball system. 3 years later and the debt was gone. I would guarantee that it would have taking longer and cost us more if I had tried to stick to the largest interest rates first plan. I think the weight loss analogy is quite appropriate. We are talking about someone who starts eating less and getting daily exercise, who would lose 1-2 a week, or lose 6.5 - 12.5 pounds after a year. In general, which one has a better chance of staying on track and reaching their goal? -The Happy Rock Nice post.

I used started getting rid of $70,000 in debt using my own plan, and then switched to the snowball. I very much enjoyed the simplicity and the external rewards of the snowball system. 3 years later and the debt was gone. I would guarantee that it would have taking longer and cost us more if I had tried to stick to the largest interest rates first plan.

I think the weight loss analogy is quite appropriate. We are talking about someone who starts eating less and getting daily exercise, who would lose 1-2 a week, or lose 6.5 – 12.5 pounds after a year. In general, which one has a better chance of staying on track and reaching their
goal?

-The Happy Rock

]]> By: Moneymonk http://www.ncnblog.com/2007/05/02/dave-ramsey-rocks-even-if-he-is-bad-at-math/comment-page-1/#comment-10965 Moneymonk Thu, 03 May 2007 15:35:53 +0000 http://www.ncnblog.com/2007/05/02/dave-ramsey-rocks-even-if-he-is-bad-at-math/#comment-10965 "Being debt-free rocks, no matter the technique that you use to get there" Well said “Being debt-free rocks, no matter the technique that you use to get there”

Well said

]]> By: DavidM http://www.ncnblog.com/2007/05/02/dave-ramsey-rocks-even-if-he-is-bad-at-math/comment-page-1/#comment-10943 DavidM Thu, 03 May 2007 12:16:08 +0000 http://www.ncnblog.com/2007/05/02/dave-ramsey-rocks-even-if-he-is-bad-at-math/#comment-10943 I too used Dave Ramsey's method of debt reduction and it is a great system. You hit the nail on the head when you said to use whatever method possible...just use one. Plus your weight loss analogy is something a lot of us can use to put our "debt obesity" into perspective. The wife & I owe only on our house and it feels great to be so out of debt. And, to all those readers out there who like to crunch numbers (like me), don't strictly go by the numbers on this one. If we were all so good at math, we would have known not to spend more than we make in the first place! I too used Dave Ramsey’s method of debt reduction and it is a great system. You hit the nail on the head when you said to use whatever method possible…just use one. Plus your weight loss analogy is something a lot of us can use to put our “debt obesity” into perspective. The wife & I owe only on our house and it feels great to be so out of debt. And, to all those readers out there who like to crunch numbers (like me), don’t strictly go by the numbers on this one. If we were all so good at math, we would have known not to spend more than we make in the first place!

]]> By: fivecentnickel.com http://www.ncnblog.com/2007/05/02/dave-ramsey-rocks-even-if-he-is-bad-at-math/comment-page-1/#comment-10929 fivecentnickel.com Thu, 03 May 2007 10:55:55 +0000 http://www.ncnblog.com/2007/05/02/dave-ramsey-rocks-even-if-he-is-bad-at-math/#comment-10929 <strong>Anniversary Giveaway, Update #2...</strong> Time for another update on the anniversary giveaway… There are now well over 300 comments on the original contest announcement, and I’ve received an additional four entries from bloggers who’ve posted articles highlighting one of my p... Anniversary Giveaway, Update #2…

Time for another update on the anniversary giveaway… There are now well over 300 comments on the original contest announcement, and I’ve received an additional four entries from bloggers who’ve posted articles highlighting one of my p…

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