People Like Dave Ramsey Say “NO” To Credit Cards, Is He Wrong?
Who carries cash these days, credit cards are a convenient factor
In running a boutique financial planning firm, I often get asked by clients or the local media to comment about credit cards. What are your thoughts about credit cards, and do you recommend them? For the most part, we have a conversation that goes a little something like this.
If you follow people like Dave Ramsey, he recommends that you avoid them at all costs because they allow people to spend money they don’t have and get into debt. Yes, Dave is onto something here, and is good generic advice. I believe that this subject has more to do with proper/improper financial education as well. Therefore, Ramsey is wrong as well. Well, I am not more than 2 paragraphs in and just contradicted myself. Let’s dive a little deeper into this.
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