No, he doesn’t; but I get your point. I’m a HUGE fan of Dave Ramsey’s. In fact, I’m a local coordinator for his Financial Peace University. Even so, I have serious misgivings about his rigid stance that nothing but term should exist. Anyone who holds this view simply doesn’t know much about life insurance. There are too many scenarios where permanent products make more sense.
No, I’m sure he doesn’t OWN an insurance company. And most likely, if he follows his own advice, he doesn’t own a term life insurance POLICY, either - he should be ’self insured’.
Dave Ramsey is an unlicensed entertainer. I’d like to know how a 50 year old is "self-insuring" his family against loss of income .
"Wall Street Journal best-selling author and nationally syndicated columnist Eric Tyson criticizes Ramsey for referring listeners to endorsed, commission-based brokers (who pay fees back to Ramsey) instead of fee-based advisors; and for advocating portfolios containing only stocks instead of portfolios balanced with bonds. Tyson also cites Ramsey’s exaggeration of expected stock market returns, his focus on high-risk growth funds instead of safer index and life-cycle funds, and his failure to state the importance of investment expenses.[13]"
Dave Ramsey is certainly a proponent of term life insurance, but remember the audience he caters to, and this advice is probably right on target. His audience consists mostly of financially unsophisticated, struggling folks who need the most basic information to improve their circumstances. His financial advice is simplistic and shallow, and shows little if any knowledge of personal finances that would benefit anyone making over $50k per year. He is making a small fortune off other people’s financial woes, and seems to concentrate on churches to harvest his customer base. I take everything he says with that in mind.
Warning: require_once() [function.require-once]: URL file-access is disabled in the server configuration in /home/termins/public_html/wp-content/themes/MSN_Code_Theme2/sidebar.php on line 34
Warning: require_once(http://www.worthwhilewomen.com/lincdirectory/showlink.php?id=2) [function.require-once]: failed to open stream: no suitable wrapper could be found in /home/termins/public_html/wp-content/themes/MSN_Code_Theme2/sidebar.php on line 34
Fatal error: require_once() [function.require]: Failed opening required 'http://www.worthwhilewomen.com/lincdirectory/showlink.php?id=2' (include_path='.:/usr/lib/php:/usr/local/lib/php') in /home/termins/public_html/wp-content/themes/MSN_Code_Theme2/sidebar.php on line 34
October 22nd, 2009 at 11:02 AM
No, he doesn’t; but I get your point. I’m a HUGE fan of Dave Ramsey’s. In fact, I’m a local coordinator for his Financial Peace University. Even so, I have serious misgivings about his rigid stance that nothing but term should exist. Anyone who holds this view simply doesn’t know much about life insurance. There are too many scenarios where permanent products make more sense.
October 22nd, 2009 at 11:02 AM
No, I’m sure he doesn’t OWN an insurance company. And most likely, if he follows his own advice, he doesn’t own a term life insurance POLICY, either - he should be ’self insured’.
October 22nd, 2009 at 11:02 AM
Dave Ramsey is an unlicensed entertainer. I’d like to know how a 50 year old is "self-insuring" his family against loss of income .
"Wall Street Journal best-selling author and nationally syndicated columnist Eric Tyson criticizes Ramsey for referring listeners to endorsed, commission-based brokers (who pay fees back to Ramsey) instead of fee-based advisors; and for advocating portfolios containing only stocks instead of portfolios balanced with bonds. Tyson also cites Ramsey’s exaggeration of expected stock market returns, his focus on high-risk growth funds instead of safer index and life-cycle funds, and his failure to state the importance of investment expenses.[13]"
October 22nd, 2009 at 2:22 PM
Dave Ramsey is certainly a proponent of term life insurance, but remember the audience he caters to, and this advice is probably right on target. His audience consists mostly of financially unsophisticated, struggling folks who need the most basic information to improve their circumstances. His financial advice is simplistic and shallow, and shows little if any knowledge of personal finances that would benefit anyone making over $50k per year. He is making a small fortune off other people’s financial woes, and seems to concentrate on churches to harvest his customer base. I take everything he says with that in mind.