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THANKS!
now I guess I’ll go watch it.
shooter on August 24, 2006 at 10:37 AM
Before the comments get going, let’s please have some substantive feedback for the realVerse team, which put a lot of work into these two clips.
Allahpundit on August 24, 2006 at 10:41 AM
Interesting interview and topic realVerse. I had not heard of this fellow but will look for his books and TV program.
Can’t promise any credit card mutilation though, they are my good friends.
MRegine on August 24, 2006 at 10:50 AM
It’s amazing how many people live completely outside their means and then blame the insidious, evil credit card companies for trapping them and forcing them into debt. People just don’t get it.
Common sense is probably the most sorely needed trait these days among the general public, but I’d put personal accountability at a strong #2.
Great job realVerse folks, but I have to take your grade down to an A- for this Vent because Bethany didn’t get enough camera time.
World B. Free on August 24, 2006 at 10:52 AM
Again, nice job by the RealVerse team.
What amazes me the most about Dave Ramsey is how common sense can be such a revolutionary idea.
Slublog on August 24, 2006 at 10:55 AM
No one can deny a command from Allah.
RealVerse team: fantastic vents, nice work. I’ve added RealVerse to my favorites. I love the “outtakes” portion on the RealVerse vlogs, you should’ve added them in here :-) I live near Bethany Road north of Dallas and from now on will associate its name with the lovely young lady in the above video. However, I have a big concern. Somehow somewhere someway someone with power and money in the media will see Bethany in these clips, recognize her unlimited potential (sooo photogenic), and sign her up in a heartbeat. You may want to start looking for a replacement.
AP, are you really 61? I’m 47 (but feel 61 on most days), so I may have to give up the ‘Old’ in FOG. Plus, I’ve been dieting and exercising. Can you add “Formerly” to my login name?
-FormerlyFatOldGuyCapitalistPIG
Fogpig on August 24, 2006 at 11:01 AM
You could feature Bethany on how to pluck a chicken and it would be mesmerizing. Kudos to all.
What is curious about it is that here we are in the 21st century and people still don’t know how to manage money. Like this is a new invention? Instead of measuring the poverty level by income, it should be measured by net worth.
Crude One on August 24, 2006 at 11:02 AM
I have never heard of Mr.Ramsey before HotAir and did not care one way or the other. The simple mention of taking advice from Larry Burkett and I am willing trust him.
Is it me or does he somewhat look like Rove?
allie on August 24, 2006 at 11:07 AM
I agree with you completely about people living outside of their means, but I really have no sympathy for the credit card companies which I do firmly believe prey on people’s weaknesses in this area and in general engage in predatory lending practices. It’s the same thing to me as blaming an alcoholic for drinking too much and then buying him another bottle of liquor.
In the end, if people view credit card companies as evil, overstatement as it may be, it may help them avoid the use of plastic and thus stay out of financial trouble. And staying out of that kind of financial trouble is the whole point of this Vent and of Dave Ramsey’s message
Good job realVerse team.
thirteen28 on August 24, 2006 at 11:07 AM
Kudos to realverse for their work on these past two installments. Very well done.
But seriously. Never take on debt? There is definitely good debt and bad debt. Small businesses (or multinational corporations for that matter) must take on debt to allow their businesses to grow at a rate faster than they would otherwise grow. They then pay down that debt. I am currently in debt because of student loans. Should I have elected to forego medical school? Or wait until I had $200,000 laying around? On the other hand, credit card debt is definitely bad and I always pay my balance when the bill comes. And I get to fly for free once in a great while.
We do need more responsibility amongst individuals in the area of debt, especially credit cards and short term loans such as payroll advances. We also have a great need for (reasonable) risk takers in the form of entrepreneurs and students who must take on debt with the intention of getting back out of debt.
starflyer on August 24, 2006 at 11:11 AM
I’m really impressed with the quality of the videos that the RealVerse crew put together. Topics are not quite as edgy (snarky would sound like a criticism) as some of the regular content at HotAir, but extremely well presented and informative. Of course, Bethany doesn’t exactly hurt things but- even beyond her looks- she has great camera presence. I fear others are right; some big network will try to snap her (and her whole team) up.
Many Kudos to the RealVerse team; you’ve got one more regular visitor. And don’t worry, Michelle; we’re all anxious for your return to the airwaves as well.
Mike O on August 24, 2006 at 11:16 AM
Starflyer is exactly right about the debt. Without debt, who could afford a home?
Not many people can pay for a home with all cash up front and no mortgage payment.
In all fairness to Ramsey, this is so obvious, I suspect that when he said never go into debt, I don’t think he had this in mind. If he did, well, I’d be curious to hear what he thinks is the solution.
EFG on August 24, 2006 at 11:22 AM
Okay, the RealVerse teams ROCKS!
The Dave Ramsey show is often some of the most entertaining radio around. You think Dr. Laura drops the tough love? You don’t know Dave Ramsey. Or, you don’t know how many people need to be told that they have to spend less than they earn to be debt free. Or to paraphrase Mick Jagger, you can’t always have what you want.
Dave Ramsey ‘08? I wonder how he feels about jihad.
Pablo on August 24, 2006 at 11:23 AM
Substantive feedback? No problem.
Anything that promotes good financial stewardship is a great thing for us; not so good, however, for proponents of the cradle-to-grave society so popular among our “elites”. You see, an inexorable result of personal financial hawkishness is accountability, and that spills over into the Porkbusters piece with MKH. If you have a handle on your finances, you are going to want your elected representatives to do the same. However, if you are on a first name basis with the pawn broker, the payday advance clerk, and the bill collector, you won’t care that Washington operates the same way.
Overall, great subject matter (both days). I expect that Bethany’s delivery will polish up over time, which will only enhance her (well-documented and quite spectacular) screen presence. That’s just indicative of the newness of the medium more than any statement of ability (of which there is plenty).
Solid work, realVerse, keep it up. Memo to the dinosaur media: Your viewership are belong to us.
Kid from Brooklyn on August 24, 2006 at 11:28 AM
From my experience as a mortgage banker, I can honestly say that these principles can be applied even when taking on mortgage debt; particularly as pertaining to property selection and loan options. The wrong loan will always be too expensive in the long term, especially if the house costs way too much to begin with.
Kid from Brooklyn on August 24, 2006 at 11:36 AM
I think the NO debt at all idea is like AA–if you can’t handle just a little debt/one or two drinks, say away completely.
We usually pay off our credit cards, but sometimes we spend a little ahead of ourselves. If we end up paying $100 in interest, it ain’t the end of the world! We choose to do that instead of going out to eat twice. Not worth stressing over.
MamaAJ on August 24, 2006 at 11:36 AM
Ever read David McCullough’s bio of John Adams?
Adams was adamantly opposed to taking on debt. Simply would not do it.
Allahpundit on August 24, 2006 at 11:37 AM
I’ve never heard of the guy.
I do stop surfing to watch Suze Orman…
I think people get out of debt, easily, when they get sick and tired of paying someone 29% interest (some $3000 in interest over years and years).
They don’t get their legs broken by a Heavy and Loan shark but it’s the same thing…
Get sick and tired of wasting money (financing someones Opulent lifestyle) – and you’ll get out of debt.
ar_basin on August 24, 2006 at 11:39 AM
“Anything that promotes good financial stewardship is a great thing for us; not so good, however, for proponents of the cradle-to-grave society so popular among our “elites”.
Bravo… substantive…
ar_basin on August 24, 2006 at 11:44 AM
Kid,
Excellent Zero Wing reference! But I can’t help but think that “All your base are belong to us” most appropriately describes what we’re witnessing here. I’ve all but stopped watching/reading/listening to the mainstream/driveby/dinosaur media. I see a day in the near future where AP, Michelle, Bethany, Sparkle and others waltz into the RNC convention and say “all you base are belong to us!” ;-)
-FFOGPIG
Fogpig on August 24, 2006 at 11:44 AM
Two points in dissent:
1. Virtually everyone has to borrow to buy a house, but I would argue this is good debt b/c (1) mortgage interest is deductible, which has the effect of lowering your adjusted gross income and thus your year-end tax obligation, (2) houses are nearly always assets that appreciate over time far more quickly than other personal assets, and (3) when a house is sold, the profit can be rolled into your next house tax-free, provided the house you just sold was your primary residence (up to $200K of the profit, I believe).
In contrast, renting is a financial black hole in which you never accrue equity or appreciation, and there’s no way to borrow against pent-up appreciation in the event of an emergency. Now tell me again the advantages of an apartment?
2. In the case of business debt, it is frequently the best option to drain the coffers and even acquire significant debt (for example, by buying up other related but smaller companies), because you are then less attractive as an unsolicited takeover target. Moreover, whoever lent you the money now becomes a business partner of sorts, with a sufficiently vested interest in your future that they pretty much have to pony up additional supplemental loans if you need them (for capital improvements, etc.) in order to protect their investment.
The bottom line: Mr. Ramsey is right to some extent, especially with respect to those individuals drowning in a sea of debt, but once the financial ship is righted, acquisition of reasonable, proportional debt should not be feared.
That said, Bethany is friggin’ smokin’.
Blacksheep on August 24, 2006 at 11:50 AM
I consider it better to pay your own mortgage than to pay your landlord’s mortgage, so I bought the house I was renting, oh so many years ago. It’s paid off now. It’s a crappy house, but now I can start fixing it up instead of pissing away all of that interest.
The Monster on August 24, 2006 at 11:53 AM
I believe that mortgages are the exception to Ramsey’s no debt philosophy. Barring that, it’s a “If you don’t have the cash for it, you can’t afford it” model.
Pablo on August 24, 2006 at 11:56 AM
The last 2 vents have been well presented, well thought out, and interesting.
For me, however, Hotair has had a theme in the past that I have looked forward to. Exposure of the MSM with specifics of it’s deception, understanding how we are being manipulated by the MSM, and becoming aware of events that will never make into the MSM because of their bias is content I rely on Hotair for.
Advice on money management may be intersting for some but a departure from what I rely on Hotair for. Sources for info on finance abound, one doesn’t have to look far to find good advice. Understanding the world we live in, having some degree of awareness of the world without MSM bias – that is much more valuable to me.
Bethany is superb in her presentation, which means the team behind her is doing a great job too. Just wish the content was more to the content addressed by Hotair in the past.
omegaram on August 24, 2006 at 11:56 AM
On the other hand, omegaram, the MSM manipulation does not confine itself to political issues. It also includes the message that you can’t be happy unless you have all of the bling. Malik X. Shabazz tried to tell his fellow blacks that going into debt to finance fancy clothes and other superficial things was destructive. Turn on BET today and see who’s paying attention to his message.
The Monster on August 24, 2006 at 12:15 PM
Good Vent.
The first time I heard Dave Ramsey’s radio show was when visiting relatives in Omaha last winter. At first, I was amazed that somebody would have a radio program on such a seemingly “dry” topic as personal finance. After listening for a while, though, I realized this was a fresh of breath air. Shows like this should be airing in MORE markets!
How many of us were thrilled when turning 18, 19, 21 or about to gradute from college and we received our first unsolicited credit card offer in the mail? How many of us reacted to it as “free money” and immediately racked up the debt so we could emulate our baby boomer elders and temporarily live above our means? And how long did it take to pay off THAT mistake? It took years for me.
I’m totally out of credit card debt now, and I’ll never look back (except in gratitute and relief that I’m no longer in that situation).
Feedback for RealVerse: Have Bethany do a PSA for the high school and college kids. Hell, I’d watch it too…. just because. ;)
Dave Shay on August 24, 2006 at 12:19 PM
I have the urge to buy a Rubik’s Cube all of a sudden. But not on credit, of course.
The hardest lesson re: finances – saving/paying yourself first. People. Will. Just. Not. Do. It.
Hoodlumman on August 24, 2006 at 12:26 PM
The clip was interesting. It is no doubt wise to keep ones financial house in order. Abstinence from debt may be the answer for some. Yet properly managed debt is important in capital formation and the creation of wealth.
I thought the kitchen table usage worked well in connecting with homeowners and personal finances.
MarkB on August 24, 2006 at 12:27 PM
Me too.
Hey, Allah, sorry about the distracting comments lately.
Seriously, Bethany hits on a very serious problem in our culture. Our addiction to credit. I am one of the people Bethany speaks of who had to learn this lesson the hard way. I’m now credit card free, and life is sooo much better.
Lawrence on August 24, 2006 at 12:44 PM
One other point.
It is unsecured credit that is bad.
Buying a home on credit is different in that the home is worth something. One can usually always sell the home and get out from under the credit payments if they need to.
But one cannot usually resell or return their expensive electronic toys to pay off their Best Buy credit bill. Those are the ones that sink the family finaces.
Lawrence on August 24, 2006 at 12:46 PM
The only debt my family has ever taken on was the house and cars; and the last car was bought new for cash. We haven’t carried a credit card balance for over 20 years simply because we have always lived within our current means! That’s the key above all else.
We actually considered buying the house in cash, but tax breaks make that a costly approach, even when you have the means to do so. Now, after the market crash of several years ago, I wish I had. But we’re still in pretty good shape- even with suddenly ballooning medical expenses- because we have the spending habits that are sustainable.
Mike O on August 24, 2006 at 12:47 PM
For anyone in the NY area, Ramsey can be heard Sunday afternoons on WABC 770 at 1pm.
As for Bethany, I have but two words: Hubba hubba.
JammieWearingFool on August 24, 2006 at 12:50 PM
Dave is mega-popular here and Bethany did an excellent job with this vent.
Dave is right – so many people want things and want them NOW that they often dig themselves into holes they can’t get out of. I work part time at a bookstore and sometimes see people run through 5 or more maxed out cards before they find one they can use. I am not as adamantly against borrowing as he is, but I keep it to the bare minimum. I use credit cards sparingly and always pay them at the end of the month.
Ellen on August 24, 2006 at 1:04 PM
Bethany did a great job and well, I guess I have to admit I am very attached to my credit cards (much to the consternation of my husband who is also in love with his as well at times). I will have to check this guy out.
Catie96706 on August 24, 2006 at 1:07 PM
The production values on both of these are insane. We thank Steve for that? Brian? I’m confused about who’s turning the wheels in the background. But excellent job, wheel turner(s).
The topic is too big to weigh in on, really. But Mike O. gets it. Mike, piling the cash in one place and doing a rapid payoff (just outside early payment penalties) might have been a hybrid solution. I’m a no-debt guy myself, including the house note. And I’ve been the other guy; I’m never going back.
Hoodlumman said:
THAT is HUGE. First rule of going into business for yourself; first rule of getting out of debt. You can’t start saving an insane proportion of your cash, pay-down notes with insane proportions of your cash, and so on, thinking you can just starve yourself. Writing yourself a check protects your savings, protects your payoff plans.
See? Topic too big.
Excellent excellent vent.
Axe on August 24, 2006 at 1:11 PM
Just one question. Does Bethany have a last name or is she seeking Diva status?
Dread Pirate Roberts VI on August 24, 2006 at 1:15 PM
Indeed.
Good lighting. Clear audio. Sharp, yet simple, editing. Camera steady and in-focus. Good script writing without a whole lot of waste (there’s a lot of material to cover in a short amount of time).
Dave Shay on August 24, 2006 at 1:24 PM
The ever-indulgent wife and I use our credit cards the way God intended – to buy stuff over the net! Balance is paid off in full every month. Well, on very rare occasions we’ll decide to split an item over two months but it’s been close to six years since the last time we did that.
Cars are both paid off (just got the paperwork back on hers). In a few more months the house will be paid off as well.
Everyone’s already covered everything else I was going to say – good Vents RealVerse team! Could be slightly more topical for HotAir but then again, that’s part of the point of a Guest Host. RealVerse production values are outstanding. Bethany is only slightly better than most of the on-air talent in the MSM. Sure, she could totally dominate in all but the biggest markets, but with a little more polishing time she can even take them. And I too feel an urge to get out my Rubik’s Cube.
Before the 2008 conventions HotAir needs to come out with a lapel pin / button. Be even better if it was a co-operative effort of the dextrosphere. Get enough politicians seeing them on enough voters and sooner or later one of them’s going to ask about ‘em.
KCSteve on August 24, 2006 at 1:26 PM
starflyer says:
and he/she is absolutely right.
Good debt should always be an investment (like educacion) or something that you NEED but can’t afford cash.
Unfortunately, profiting from people who lives in perennial debt is a good bussiness for companies and is a big portion of our economy.
Ropera on August 24, 2006 at 1:27 PM
Just dropping in to say thanks to Bethany and realVerse for their excellent guest-hosting shows yesterday and today. She’s a star!
Re. Dave Ramsey: I agree with much of his philosophy. However, if I totally embraced the no-debt program, Hot Air wouldn’t exist.
:)
Michelle on August 24, 2006 at 1:30 PM
FEELING GUILTY…
Allahpundit on August 24, 2006 at 1:31 PM
I agree with Blacksheep, and would add to #2, if you profit in California you get slammed with taxes, if you have a large debt load, and break even, not only do you avoid the taxes, you also avoid the pernicious frivolous lawsuits that run so rampant in this state.
Credit cards suck. And, as one who fell prey to the early college “free money! cool!” mentality, I can say they can really screw you up for years.
Mortgage debt is good, at least here in California, to limit the tax gouges necessary for paying for the illegal population’s healthcare and schooling.
Great vent. This is an important topic.
NTWR on August 24, 2006 at 1:32 PM
Heh. Allah was bought on credit :) Sorry; didn’t know before I commented.
Axe on August 24, 2006 at 1:33 PM
And for that, we are indebted to you, Michelle ;)
SisterToldjah on August 24, 2006 at 1:41 PM
Allah’s pretty incredi(t)ble guy, eh :)
SisterToldjah on August 24, 2006 at 1:43 PM
Sorry – that should have said “Allah’s a pretty incredi(t)ble guy” …
SisterToldjah on August 24, 2006 at 1:44 PM
Ahh, but Hot Air is an exceptional expense, which makes borrowing acceptable; and Allah is worth every penny in interest :)) We all hope your financial model for this is working out (and not through accumulating debt); if it isn’t, don’t be afraid to let your loyal viewship know.
Mike O on August 24, 2006 at 1:54 PM
Anyone else notice the faucet dripping in the background?
Kini on August 24, 2006 at 1:56 PM
My father has been preaching “NO DEBT” for as long as I can remember, and they just moved into a $750K house a couple years ago without a mortgage. Saving money and living within your means (WELL within your means) definitely pays off!
I had to get a mortgage for my house that I’m in now, but I don’t work. Still, I was able to put 30% down on it because I don’t have a bunch of credit card debt. I can pay my mortgage and not even work (I’m a single parent) because my VA checks more than cover it. I drive a ten year-old car and it makes me crazy, but I don’t owe anything on it so it’s a keeper.
Dave Ramsey’s exactly right. Get out of debt (I also don’t think he meant mortgages or student loans either) and DON’T take financial advice from “poor people.” Take it from rich people, and not the kind that mortgage a million-dollar house and have car payments for their Mercedes. Those people are fools.
bamapachyderm on August 24, 2006 at 1:57 PM
Any non-disclosure of Bethany’s last mane is likely evidence of her seeking “not dealing with stalkers or Frisch-like nutjobs status”.
This, of course, would explain our resident deity’s shaolin-monk like adhesion to his audiovisual blackout.
Kid from Brooklyn on August 24, 2006 at 1:57 PM
Consider it a PSA. It’s content everyone needs to know.
I think it’s nice to have a break from politics on occasion, anyway.
bamapachyderm on August 24, 2006 at 2:03 PM
In keeping with the theme of fixing up the home. I know I should have my head examined for noticing anything in that
video except Bethany, but am I the only one who saw that the
faucet was dripping? Now I’m not a plumber, nor a plumber’s
son but I’ll do her plumbing till the plumber comes!
In order to keep Bethany from going into debt to get
it fixed that is.
Completely off topic I know, but I couldn’t help myself.
Gooch on August 24, 2006 at 2:19 PM
Dang Kini, I had this partly typed and had to do some real work for awhile before getting back to it.
Gooch on August 24, 2006 at 2:22 PM
Thank you, Bethany, for representing your city with such brains and beauty! And you have represented the predominant culture of Nashville/Brentwood/Franklin as it is and has been, for the most part, for generations: politically, financially and socially conservative.
Dave Ramsey is an indigenous, one-of-a-kind case in point: A while back, one of my children was about to get herself into a financial bind with credit card debt. So I gave her a
a gift of one of Dave’s Financial Peace courses and it changed her life. She now lives well within her means and feels much more in control of her life. Best gift I ever gave!
Dave does tend to go overboard about all forms of debt, including mortgage debt. He also espouses putting all your money in mutual funds. But the main point is well taken: financial peace to the sound sleeping point and living within one’s means. Common sense at it’s best.
Thank you again for contributing to Michelle’s best of the web. Keep up the great work!
Webutante
Webutante on August 24, 2006 at 3:11 PM
I ordinarily live debt free for the most part (except mortgage), but having just moved to a home with over 3 acres of grass to cut I just couldn’t resist the 2 years at 0% from Kubota Tractor Corp. I could have paid for it outright, but why not use their money?
pistolero on August 24, 2006 at 3:23 PM
Oh and RealVerse did a nice job even if it isn’t the same pithy kind of reporting that HA does. And Bethany? She could read a Windows XP manual and capture my attention. Fox News needs grab her right away.
pistolero on August 24, 2006 at 3:42 PM
What I like best about Dave Ramsey is his answer when someone asks how he’s doing:
“Better than I deserve!”
mikeyboss on August 24, 2006 at 3:42 PM
I don’t believe for ONE SECOND that Bethany cut up her credit cards.
Please.
;-)
Rightwingsparkle on August 24, 2006 at 3:52 PM
Excellent Vent, as always, and I’m going to refrain from commenting on Bethany (already got in trouble with the wife over yesterday’s).
Today’s topic was great, and I’m glad it was done. We made the decision to get rid of the credit cards before they really became a problem, and I’m glad we did. There have been times when they may have been useful, but when I look at some of my friends and family who are struggling with enormous credit card debt, I have to say I’m glad it’s not me.
I agree with those above who discuss good debt/bad debt. I read an article in a magazine recently that explained why it’s better to have a long term mortgage as opposed to a 15 year or doubling payments. It really made a great deal of sense, invest your personal capital so that it will grow, rather than putting extra money into a loan that will do nothing for you.
I hadn’t heard of Dave Ramsey before. I’ll have to check it out.
Jezla on August 24, 2006 at 4:33 PM
Sparkle, you notice the slight of hand at the end? It’s funny. She sets he cards behind the books, then takes the ’special’ card and cuts it :)
I just assumed she got to the actual cards later …
Axe on August 24, 2006 at 4:36 PM
*the
Axe on August 24, 2006 at 4:37 PM
I noticed that too, Axe. But I don’t get it. Why not just show fakes to begin with?
mikeyboss on August 24, 2006 at 4:41 PM
I hate to be told what to do so I’ll keep my comments superficial rather than substantive. We are truly fortunate in having women as pleasing on the eye as Michelle, MKH and Bethany out front representin’.
Don’t be pound foolish, Bethany, fix the faucet!
thegreatbeast on August 24, 2006 at 4:49 PM
When I moved from communism to capitalism, the most powerful tool I uncovered was compounding.
The power of compounding was said to be deemed the eighth wonder of the world – or so the story goes – by Albert Einstein.
While D. Ramsey is right in part, some of you correctly stated the advantage of a mortgage, especially when one still works, with high earnings, and the taxes would ‘eat us alive’ without any interest to deduct.
Also, as already stated, never a good idea to put all the money into any single investment, whatever its advantages.
In addition, how could the Muslims blame the Jews, financially, if there wouldn’t be any interest?
On a lighter note,
has fooled the HotAir boys with this
…while he’s keeping Bethany all to himself :)
Entelechy on August 24, 2006 at 5:15 PM
We have enjoyed our guest-host experience with Hotair.com.
BIG thanks to Michelle and Bryan for taking a chance on some like-minded video bloggers in Nashville.
Your realVerse Crew,
Bethany and Steve
realVerse on August 24, 2006 at 5:30 PM
Thanks realVerse for guest hosting. I’ve added you guys to my favorites.
I for one thank Allah and Michelle for exposing us to other vloggers, even if it’s not all politics, all the time.
Ramsey rocks! I was one of those idiots that was using one card to pay off the other card because the credit card payments got used to fix the car, etc. The rule of 78s will eventually find you and crush you. There is a reason that the tallest buildings in the cityscape are bank buildings, just a few dollars here and there at 19-23% interest buys a lot of glass and marble.
Sweaty Deacon on August 24, 2006 at 5:50 PM
I love ya Bethany but gotta bust ya on some fauxtography… Actually fake videography, but that doesn’t sound as cool…
At the end when you hold your credit cards like a poker hand and say that you were convinced to cut them up, you place them down behind the book, but there is a different card sticking out already (not part of the pile you put down)… That one sticking out is the one you pick up and cut up.
I’m not dogging you because I’m not about cutting up my credit card. I’ve never owed money on it because I pay it each month, and I only use it to continue to build my credit (last check my score was like 770), so I don’t think credit cards are the devil, but I just think most people don’t know how to live within their means, how to budget, and how to handle credit cards.
Anyway, I just wanted to add my two cents to that. I do agree that the majority of people probably should cut up their credit cards because most people I know can’t manage their money well enough to have one.. but I’m not one of ‘em. Plus with my AMEX Blue I can score cool stuff with my bonus points.
My only other question is what was that card you cut up Bethany? Your Kroger card (because you’ve still got the keychain one)?
RightWinged on August 24, 2006 at 7:16 PM
……………….did that coffee mug move? …………..’cause if it did…!
I never heard of Ramsey till now. Fascinating suject & approach. Thank you team realVerse for doing a great job these past few days! Thanks Bethany for all the smiles. :o)
Coronagold on August 24, 2006 at 7:26 PM
I just wish she were wearing a People’s Cube shirt instead of a Rubik’s Cube shirt.
The People’s Cube is much more PC.
NTWR on August 24, 2006 at 7:51 PM
There’s no need for substantive feedback Allah. Bethany & producer do a fine job over there, and everyone knows it. You can tell by their traffic. No, it’s time to make fun of them. It’s not a right. It’s a duty.
How on Earth can Bethany, a 17 year old girl from Nashville, have 3 credit cards?
That’s all I’ve got :(
Kevin M on August 24, 2006 at 9:22 PM
OK, let me save you all some money if you’re thinking of going to one of Mr. Ramesy’s “Financial Peace” shows. Here’s how you get out of debt:
1) stop charging stuff
2) pay off your credit cards in the order of smallest balance to largest balance; once you pay off the smallest, take that money and put it toward the next smallest debt
3) start an emergency fund; you need to have at least 6 months of living expenses on hand for emergencies
4) once you get out of debt, start putting the money that went to pay it off into a retirement account
5) get rid of your whole life insurance or any cash value insurance and buy term life
No, I didn’t get this info from Mr. Ramsey; I got it from the fellow that started the radio show that Mr. Ramsey now hosts. It was originally called “The Money Game” the fellow Dave co-hosted it with is a guy named Roy Matlock. They kind of went different ways and Ramsey ended up with Matlock’s half of the show, and then renamed it. Matlock still does what Ramsey does, that is, helping people get out of debt, but he doesn’t charge anything for it.
Glen
Nashville
harnessg on August 24, 2006 at 9:36 PM
Ok….I am an MM fan, as my login name makes that point clear…but I may have been to quick to make that the primary hot rightwing babe I am totally in love with. MKH, AC, and Bethany….oh, Bethany….you deserve the best in life, and I am sure it will come to you. Unfortunately, I am not a part of that. I have been seen all your realVerse vids since…well I think it was Bryan that first linked to ya from here. You are awsome. I hope MM has you back in the future as a standin.
MalkinFan on August 24, 2006 at 11:17 PM
Quick story:
Two US Marines leave for war in Iraq in 2003. Both are married and are about $5000 in debt.
Before leaving, one Marine turns his lovely wife onto the Dave Ramsey radio show. (Available as streaming audio from his website, which was a good thing, since at the time it wasn’t broadcast in Hawaii)
When these two Marines return seven months later, one finds that his lovely wife has not only eliminated debt, (paid off the credit cards, the student loan, and the car) but fully funded their IRA’s, and saved ten grand which we put towards our first house!
My God did I feel bad for the guy who returned to find him and his wife $20,000 in debt. The difference? While I was overseas, my wife had gone to one of Ramsey’s public appearances… for free! because Dave frequently gives out free passes to spouses of deployed military members. He also gives out free passes, books to widows and widowers, orphaned children and others groups he feels passionately about supporting.
So, Glen –
I remember listening to “The Money Game” back when it was a short lived, regional financal advice show, and your right! It was good. But you can’t deny that Ramsey made it a national phenomenom. Before you slam the guy for running a for-profit operation, please consider the veteran families he’s helped out on his own dime… you know, like mine?
He comp’ed my family thanks only to the largesse of his fans who dropped some surplus cash at his personal appearances.
Jes sayin’
Kadnine on August 25, 2006 at 2:33 AM
You know what?
I’m already regretting that comment…
Glen and I are probably the only ones who remember the Great Matlock / Ramsey break up controversy. Talk about inside blog-ball!
My “deployed Marine family” story was true, however. Dave has done my family a great service. My hat is off to him. And I will forever be in his debt. (Pun intended.)
Kadnine on August 25, 2006 at 2:50 AM
First off, Kadnine, thanks for your service.
I guess it’s not the messenger but the message that counts. Both Matlock and Ramsey are both doing their thing now, and in the end, they’re both helping people.
Thanks again for what you did…
Glen
harnessg on August 25, 2006 at 8:45 PM
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