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Money Guy Show

Dave Ramsey vs. The Money Guy: Which Strategy is The Best?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.73.1K Ratings

🗓️ 2 December 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Dave Ramsey has an incredible legacy of helping folks get out of debt and take control of their financial lives. We agree on a lot of things, but there are a few points of contrast. In this episode, we’ll discuss differences between The Money Guy Show and Dave Ramsey and compare and contrast Dave’s Baby Steps to the Financial Order of Operations. Check out our NEW course, Know Your Number! Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Dave Ramsey vs. The Money Guy Battle Royale, which strategy is the best for you?

0:06.3

It's Brian Preston, The Money Guy, restoring order to your financial chaos.

0:12.1

Retirement, investing, taxes. You've got financial questions, he's got financial answers.

0:18.6

It's Brian Preston, The Money Guy.

0:21.8

The brand I am really excited about this one because this I think is what a lot of people want

0:26.8

to know, right? You maybe follow Dave Ramsey, you follow him, you know his story, you know what he

0:33.0

talks about. And then you also find us, you find The Money Guy Show and you're trying to figure out

0:37.3

what are the nuances? Where are the two strategies different? What are the same? What should we know?

0:42.8

And how should we think about best navigating our financial life?

0:46.8

I think it's first to lay some ground rules. I think anybody who's tuning in going, oh yeah,

0:52.8

I can't wait, this is going to be a Dave Bash Fest. It's not that way.

0:57.6

It's not going to be that. Because look, we have disagreements with Dave, but overall,

1:04.8

there's a lot of overlap in some things. And more recently, we actually were on Dave,

1:09.9

you know, we went to Dave's studio recorded a special episode for his 30th anniversary.

1:15.4

And he was nothing but nice to us. Absolutely. And here's what I've realized,

1:18.8

though, is that all the people who kind of like out of here, I keep believe you had Dave on the show,

1:25.8

do you not have family? I mean, I wouldn't go to holidays if I only hung out with people who have

1:31.8

the same opinions and worldviews on things. I actually think that there's a lot of value to

1:38.0

hearing what other people think. But I do, and look, I want to give Dave his, his proper is for,

1:45.1

we have family members and friends that we're like just quit using the credit card.

1:49.7

You can't have credit card debt. And then all of a sudden, they go and they go,

1:56.0

you'll never believe a church. They started doing financial peace. No, I'm not using my credit card.

...

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