Originally Posted by JamesBond (Post 3601396)

Right on cue.

I couldn't care less what you do with it. I just thought it was funny.

Originally Posted by CBreezy (Post 3601399)

If would be funny if a population with an incredibly high consumer debt load were taking their bonus and blowing it. There are exceptions for sure but, as a whole, I would argue that pilots are generally more financially responsible than average Joe. At the very least in their income to debt ratio.

Originally Posted by JamesBond (Post 3601393)

But you know as well as I that the vast majority of CC holders won't do that. And that actually goes to the heart of what DR is all about - behavior modification. I think an interesting contrast is how DR and Clark Howard go about 'training' people to get out of debt. Dr says to pay off your smallest balance first. That gives the debtor a sense of accomplishment and is a quicker reward. CH on the other hand says to pay off your highest interest rate first (which I think is the better financial move... but requires more discipline which has already shown itself to be elusive).

Anyway you slice it, they are trying to help people that get into a bind via a rigged system. The .gov wants people in debt. Were that not true, how is it that they allow credit card companies... banks... to charge usurious rates of interest on people that already show they cannot afford to be where they are?

Originally Posted by JamesBond (Post 3601400)

No argument with that whatsoever.

Actually, I am in need of a new car, so mine might go to that as well. Our second car died so the wife and I have been sharing the truck for over a year now. Anyway, what is really fun is to walk into a car dealership and negotiate the price down... and write a check for the whole thing. They never see that coming.

Originally Posted by hoover (Post 3601414)

Or put the car on a CC get the points, miles, or cash back and pay it off that month.
Cheques are so 90s

Originally Posted by notEnuf (Post 3601404)

Financial literacy is lacking and the education you choose is what you are exposed to. Carleton Sheets in the 90s had a real estate system that worked for me. Use other peoples money and buy right. If more people understood that gains are made on purchases rather than sales, they would be better off. It's counter intuitive and requires discipline but so does DR and CH. The CS way, you acquire appreciating assets. Que gunfighter. Disclaimer: I'm out of the rental business because I couldn't deal with the DR idiots anymore. They didn't pay their bills, rent included. But I did well enough to be happy and secure.

Originally Posted by hoover (Post 3601414)

Or put the car on a CC get the points, miles, or cash back and pay it off that month.
Cheques are so 90s

Originally Posted by JamesBond (Post 3601418)

Excellent. I think that I have said it before that if I were starting over I would do all of that within my ROTH IRA.

I just saw a blurb on Fox Business that some schools are going to start requiring high school finance classes to graduate. What a concept. Back when dinosaurs roamed the earth we had such classes. I wonder what ever happened to them...

Originally Posted by Crown (Post 3601279)

in an interview he did with Ben Shapiro, he admits that his method of getting out of debt isn't the best mathematically; his is a behavior change to get people that simply can't handle money to see debt as not a tool to use, but rather a burden.

I'm not a fan of debt. I do have credit cards that I use. But I don't have car loans, personal loans, etc. I paid off my student loans, and am vehemently opposed to ANY student loan forgiveness.

Originally Posted by JamesBond (Post 3601400)

No argument with that whatsoever.

Actually, I am in need of a new car, so mine might go to that as well. Our second car died so the wife and I have been sharing the truck for over a year now. Anyway, what is really fun is to walk into a car dealership and negotiate the price down... and write a check for the whole thing. They never see that coming.