Personal finance guru Dave Ramsey

[Droopy]

Here's his web site----> http://www.daveramsey.com/ He's trying to sell you a lot of stuff on there, but I'll tell you what the basics are here. He has his own syndicated radio show and seems to be really popular down south. Don't know why he hasn't broken into the yankee market yet.

Here's his plan: cut up the credit cards, start tithing 10% of your income to your church, save up enough money to cover your expenses for 6 months in case of an emergency, start paying off debt starting with your smallest loan and work your way up to your biggest loan- including your mortgage. When you are debt free he suggests investing in mutual funds. I think I got it right. If not let me know.

I don't go to church so I don't tithe. I also keep a credit card because there are just some things that you can't do without one and I don't trust debit cards. And I was also paying off debt before I had the 6 months of expenses saved up, but I'm working on that now and I'm getting close. I do have a truck that's paid for and I paid off a credit card. Now I have a school loan, a balance transfer on a credit card, and my mortgage. I've decided to start saving up those 6 months worth of expenses because it looks like we could be going through some hard times here in the near future with the economy. But once I'm there that debt is going to start coming off.

[LeftyMom]

1. My Dad thinks he's the greatest thing since sliced bread.

I don't know anything else about the guy, but Dad's in good shape financially (house just about paid off, no other debt, growing his business, looking at buying a second home and renting the first) so either Dad's getting sound advice or he's a financial genius.

I know Dad doesn't tithe though- the only church he attends on sundays is the big concrete one on Candlestick Point.