- 8:32 PM: countrycuban Listening to Dave Ramsey @ Town Hall for Hope.
- 8:32 PM: countrycuban If failure is chasing you, then it will RUN you towards excellence!
- 8:32 PM: countrycuban If there is no chance you can fail, there is NO reason for you to do your best! Failure must be an option!
- 8:32 PM: countrycuban Whining is not a little known form of prayer. Take responsibility of your mess. If you hold on to lemons, you'll never get lemonade.
- 8:33 PM: countrycuban Work like it all depends on us. Pray like it all depends on God.
- 8:34 PM: countrycuban You can work while you're praying.
- 8:35 PM: countrycuban The children of the Great Depression were forever changed, and MUCH more careful with their money.
- 8:35 PM: countrycuban The children of the Great Depression were forever changed, and MUCH more careful with their money.Unemployment was 25 percent in G.D. The market dropped 89 percent. Stock Market lost 90 percent of its value. We've only lost 57 percent.
- 8:36 PM: countrycuban Unemployment is only at 8.5. percent. This is NOT the worst recession we've had since the Great Depression.
- 8:36 PM: countrycuban Fear is false evidence, appearing real.
- 8:40 PM: countrycuban What do I invest in? Not in fear! It's gonna be ok. Put money in the stock market. Where there is no vision the people will perish!
- 8:41 PM: countrycuban 100% of stock market investments with a 15 yr history have made money.
- 8:42 PM: countrycuban Economic forecasters, are there to give weather forecasters credibility. LOL
- 8:42 PM: countrycuban He who lives by the crystal ball.... eats glass.
- 8:44 PM: countrycuban (Sidenote) Why in the world, when journalists mention Twitter on the air, they always make fun of it? (a.k.a. - "Those crazy kids on Twitter!")
- 8:46 PM: countrycuban 35 counties represent 50 percent of the foreclosures. They are fairly localized.
- 8:48 PM: countrycuban When you buy a house, make sure your cousin Murphy doesn't move in, in the spare bedroom and brings his 3 brothers... broke, desperate, and stupid. LOL
- 8:49 PM: countrycuban 52 percent of single moms live under the poverty level. If you wanna help someone... there's someone you can help.
- 8:50 PM: countrycuban 60 percent of foreclosures were in 5 states.
- 8:53 PM: countrycuban A Congressman can make a drunken sailor, look normal when spending. They're out of control!
- 8:53 PM: countrycuban Big banks have no soul. Local banks, you can get yourr hands around them if something goes wrong; local banks use their brains & are more stable.
- 8:55 PM: countrycuban When the President starts firing CEO's, you know who is in charge of things.... trust local banks!
- 8:55 PM: countrycuban Gold is the SNUGGIE of investments. It's sold on midnight cable, and if you buy it... it'll make you look stupid! LOL
- 8:56 PM: countrycuban Receptionist should be the director of First Impressions. Service with a real person is important.
- 8:58 PM: countrycuban Goods and services are what has value in a completely decimated economy. In Katrina, they were not trading gold. But you could have traded a piece of tarp or water bottle for just about anything. Gold is a crummy investment.
- 9:00 PM: countrycuban Learn to think for yourself. We the people, are the healing agent for this economy.
- 9:05 PM: countrycuban The biggest & best businesses were started during or following a time of economic recession.
- 9:07 PM: countrycuban Hobby Lobby sales went up 5% during the recession of the early 70's. It was a business started in a garage at the beginning of the recession in 1972.
- 9:07 PM: countrycuban I read the book the Tortoise and the Hare as a kid, and everytime I read it... the Tortoise wins. Be slow and steady.
- 9:09 PM: countrycuban Dave Ramsey is having a lot of technical difficulties, probably find a government employee out there with his hand on switch.
- 9:11 PM: countrycuban Creating jobs is not going to cause the economy to go up. Unemployment is a symptom of the recession, not the cause or the problem. Jobs are going to be made up, as this thing heals itself. Fixing the economy, will fix jobs!
- 9:11 PM: countrycuban Don't be an Eeyore during this economy. Don't whine, take responsibility! Don't wait for the economy to fix your life... go out there and take a college class...or look at your career track... go after it yourself!
- 9:13 PM: countrycuban When you get pushed out of the nest, you can hit the cliff wall on the way down... or spread your wings, baby! Maybe you need a push b/c you're an Eagle... but you've been acting like a Buzzard!
- 9:14 PM: countrycuban Stop speculating about the End Times. The Bible says no one knows the time, so anyone that predicts it's coming... is wrong. The Bible says that while you're here, no matter when the end is... those who plow, should do so... in HOPE!
- 9:15 PM: countrycuban 3 things to do if you're struggling w/ Hope.....
- 9:16 PM: countrycuban 1. Get up. Take action. Get moving! When you get moving, and install yourself into the situation. Don't stay at home watching Oprah re-runs on the couch! Your best chance at success, is you! If you wait for Washington to fix your life... you're gonna be waiting for a LONG time!
- 9:17 PM: countrycuban There's a great place to go when you're broke.... to work!
- 9:17 PM: countrycuban It's all about the attitude. What's your attitude like?
- 9:18 PM: countrycuban The number one habit of sucessful people, is being proactive
- 9:19 PM: countrycuban 2. Don't participate in "loser-talk." If you spend time with losers... you're gonna become a LOSER! Your income will be within 10 percent of your 10 closest friends. Don't let people hinder your potential! Don't let Eeyore rub off on you.
- 9:20 PM: countrycuban Don't you tell your kids not to date certain people, b/c they are losers in your eyes? Then when you're adults... you go out and hang with them all the time?
- 9:20 PM: countrycuban A friend of Dave Ramsey's reads the Bible and the newspaper every morning... that way he knows what both sides are doing. LOL
- 9:22 PM: countrycuban 5 years from today, you will be the same person, except for the books you've read... and the people you meet. An average millionare can't tell you who got voted off the Island, or who went home on a dating show. He spends his time on important things. What do we do with our time?
- 9:29 PM: countrycuban 3. Learn to give again. We talk about giving, but we need to do more of it. If you're broke, go serve soup at a soup kitchen. You'll get your eyes off of your hopelessness and see you do have hope. Go talk to an old man at a nursing home who hasn't had a family member visit them since they dropped him off, twenty years ago. You'll get your eyes off of your hopelessness and see you do have hope.
- 9:29 PM: countrycuban Not all giving is of money. Why is giving important?| Because, when your eyes are off of yourself, you ALWAYS have more hope.
- 9:29 PM: countrycuban Hope doesn't come from Washington.. Hope comes from you and me. Hope comes from the nail-scarred hands of Jesus.
Thursday, April 23, 2009
Dave Ramsey-Town Hall of Hope
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1 comment:
I think Ramsey is quite good at what he does best, and that’s training and counseling individuals to live within their means … and that means, “free of debt.” Indeed, we are 10 weeks into his 13-week Financial Peace University at our church. In the past, we had only worked Dave’s approach to home finances about 70% of the way — but now we’re trying to seal the deal and take it all the way: no credit cards, month budgets on paper, saving like fiends, etc.
Unfortunately, Dave he falls flat when he bad-mouths precious metals as “stupid.” His mantra that “metals are never used in the barter economies that follow disasters” is a straw man argument (though somewhat understandable, given that some metal and coin dealers seem to imply that metals will be money when the feces hits the fan).
Precious metals shouldn’t be bought/held primarily for a “social meltdown” scenario, but as an historically-reliable store of value.
A couple of ignorant things I’ve heard Dave say recently about precious metals:
• “They have no more intrinsic value than a shoelace.” (IOW, precious metals only have value because man assigns it value and does so arbitrarily — we could just as easily assign similar value to dirt!) I’m utterly amazed that Dave doesn’t grasp fundamental principles of value found in precious metals such as world-wide recognizability and desirability, ease of divisibility and transportability, and high value in relation to volume and weight.
• “Precious metals haven’t been a medium of exchange since the Roman empire.” This is simple ignorance of history. What does Dave think the value of US currency was pegged to by law until only 1971? (Not to mention the fact that US quarters, dimes, and dollar and half-dollar coins were 90% silver until 1964!)
It is a paradox that, while preaching so faithfully against personal indebtedness, Dave won’t/can’t preach against our government’s indebtedness and the central-bank-issued fiat currency that aids and abets it. I know Dave is a Bible-believing Christian — well, the Bible vehemently condemns theft by the use of unjust weights and measures, which is precisely what fiat currency is: “faith-based” money that is backed up by absolutely nothing and which results in that most insidious a invisible of taxes, a.k.a. inflation. (Oh, incidentally, Dave has defined “inflation” as price increases due to variables of supply and demand. Yes, prices do fluctuate as a result of supply and demand, but inflation is an increase in the amount of money in circulation at the hands of central banks and government-owned printing presses. When more money is pumped into the system via the printing press or electronic credits, it serves to devalue the money already in circulation, and prices rise in response to that. IOW, long-term price increases are not inflation, but rather they are a symptom of inflation — more money chasing after a fixed amount of goods. The best example I can point to is the artificial boom in home values earlier this decade, which were the direct result of the ease with which more and more people were able to get loans. I.e., more money — in the form of credit — chasing after a fixed supply of houses.)
For a different — and reliable — take on our current economic mess, I would urge you to spend some time reading the articles and watching the videos of Peter Schiff. Just Google him … you’ll find him. Peter is also “death on debt” — but he called the current financial mess a few years ago, based on the fact that Americans and their government borrow endlessly to buy things they simply cannot afford. I.e., rampant consumerism and endless lines of credit.
BTW, a there's an interesting comparison between Ramsey's and Schiff's economic insights at the DebtPrison.net blog, called "Dave Ramsey, Peter Schiff, and decline of U.S. Economy." The author also likes Dave, but offers a fair and gracious critique of his economic misunderstandings. And be sure not to overlook the 80-some comments that follow — LOTS of good info in there, as well.
I love Dave for what he does well, but he has a ways to go to understand the government-monetary-policy basis for the dire straits in which our nation currently finds itself.
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