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Dave Ramsey is good for the people that need it. Much like AA is good for alcoholics, but not so good for a dude that drinks 3 beers on a weekend. If youre a total tire fire gone financially and can’t see your decisions objectively, you need Ramsey.
If you can exercise discipline, you’re probably better learning some basic finance and make your own analysis based decisions. Much like alcoholics, some people can’t, so no judgement from me.
The main concepts you need to grasp are understanding compound interest (and returns), and then understanding where your money goes.
Compounding interest is easy as hell to screw with in a spreadsheet just balance * 1+rate. Amortization tables are super easy too. I can kick out 3 of them to compare terms and down payments in like 10 minutes. Then you know what’s happening. But it’s not just loans. Throw an 8% compounding return in for investments and then it changes your perspective on consumption vs investment.
No budget you set will work if you don’t track your money. Easiest way to start is abandon cash then whatever hits your bank account you can see.
If you want books, the psychology of money by Morgan Housel is good. Very good. The Algebra of Wealth by Scott Galloway is pretty a pretty good easy read (or listen).
Much like most things in the modern world it is impulse control and putting in the work. But some people can’t handle it and Ramsey is for those people.
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