It's unfortunate that people treat Dave Ramsey like a financial god. As people's behaviors and lifestyles change, they need to evaluate the advice he gives and determine if it's still right for them. His advice on getting out of debt is sound, but his investment advice is questionable. I believe he has an incentive to steer people towards his "trusted pros" because they have to pay to be endorsed. While there is a vetting process, I don't know how rigorous it is. Additionally, you're spot on about his advertisers. There have likely been thousands of dollars scammed by that exit company. Your channel and you are underrated. It's too bad that most people would rather follow someone like Dave Ramsey because he's entertaining at belittling people.
First of all, I appreciate your content and have recommended it to others to learn about finances. I think that with your recent podcast “The Wage Gap in Medicine” discusses that women face different challenges than men. Dave Ramsey’s company admits to firing men and women employees for premarital sex. While the company denies firing them for being pregnant, at least three women were pregnant at the time. I think that this is something that listeners may want to know about before listening to Dave Ramsey’s content. As someone that previously listened to his content and was later repulsed, it offers a different perspective. I think this demonstrates why someone maybe selective with the content they consume. An alternate for simple financial steps to follow is the Money Guys with financial order of operations.
20% if you want to retire at normal retirement age. Most folks (and I hope all) watching WCI and other YT finance channels and podcasts want to retire before 60. I have been saving 37-70% post residency. I only upgraded my life by an additional 5-10k the first year. 37% was the first year after buying a home. It’s much easier for engineers to retire in the 30s. It’s easy for doctors to retire in their 40s and definitely very very doable in their early 50s. Still doable to retire in their late 30s, depending on when you start
It's unfortunate that people treat Dave Ramsey like a financial god. As people's behaviors and lifestyles change, they need to evaluate the advice he gives and determine if it's still right for them. His advice on getting out of debt is sound, but his investment advice is questionable. I believe he has an incentive to steer people towards his "trusted pros" because they have to pay to be endorsed. While there is a vetting process, I don't know how rigorous it is. Additionally, you're spot on about his advertisers. There have likely been thousands of dollars scammed by that exit company. Your channel and you are underrated. It's too bad that most people would rather follow someone like Dave Ramsey because he's entertaining at belittling people.
First of all, I appreciate your content and have recommended it to others to learn about finances. I think that with your recent podcast “The Wage Gap in Medicine” discusses that women face different challenges than men. Dave Ramsey’s company admits to firing men and women employees for premarital sex. While the company denies firing them for being pregnant, at least three women were pregnant at the time. I think that this is something that listeners may want to know about before listening to Dave Ramsey’s content. As someone that previously listened to his content and was later repulsed, it offers a different perspective. I think this demonstrates why someone maybe selective with the content they consume.
An alternate for simple financial steps to follow is the Money Guys with financial order of operations.
20% if you want to retire at normal retirement age. Most folks (and I hope all) watching WCI and other YT finance channels and podcasts want to retire before 60. I have been saving 37-70% post residency. I only upgraded my life by an additional 5-10k the first year. 37% was the first year after buying a home. It’s much easier for engineers to retire in the 30s. It’s easy for doctors to retire in their 40s and definitely very very doable in their early 50s. Still doable to retire in their late 30s, depending on when you start
Hardly any engineers are retiring in their 30's, not without serious family money.