I cannot believe what I just heard from one of the most trusted voices in the financial world.
A viewer sent a question to Neil & Dave via video asking how he can protect his money in our inflationary economy. Dave Ramsey looked at the screen and said that he should put his money into stocks and real estate and other assets that are inflating. He said that the prices are going up and that you want to be a part of the wave as prices go up. My jaw hit the floor!
Dave Ramsey just told this man to invest in inflating investments. Millions of people trust Ramsey and he just got on national television and said this. He just told this man to continue losing his wealth and purchasing power. God forbid if you get into debt, but there is nothing wrong with buying more dollar-denominated assets that are losing value by the second. I admit, I was naive to the fully scope of Ramsey's philosophy at first. Now...I do not know what to think. This is dangerous!
A viewer sent a question to Neil & Dave via video asking how he can protect his money in our inflationary economy. Dave Ramsey looked at the screen and said that he should put his money into stocks and real estate and other assets that are inflating. He said that the prices are going up and that you want to be a part of the wave as prices go up. My jaw hit the floor!
Dave Ramsey just told this man to invest in inflating investments. Millions of people trust Ramsey and he just got on national television and said this. He just told this man to continue losing his wealth and purchasing power. God forbid if you get into debt, but there is nothing wrong with buying more dollar-denominated assets that are losing value by the second. I admit, I was naive to the fully scope of Ramsey's philosophy at first. Now...I do not know what to think. This is dangerous!
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