Quote:
Originally Posted by DaFace
If you otherwise have trouble controlling your spending, his methods can be effective. That said, he goes way too far in terms of telling people to stick with cash spending and avoiding credit, in my opinion.
Creating a budget, tracking your spending, and doing some basic financial literacy training will get you what you need in most cases.
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Right. The way he'd have you do it by the time you're ready to retire and enjoy the money you'd saved up you'll be broken down and miserable. Now granted, there are a disturbingly large number of folks that really would be much better off doing what he advocates for because they don't have a single iota of financial sense.