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I've noticed that loads of people here are into Dave Ramsey and credit him for getting their finances in order. I've had a quick look at his site and it looks good but I'm interested in knowing about other get out of debt / budgeting gurus, methods, schemes.<br>
Any suggestions? What/who do you use and why do you like it?<br>
Alternatively - is there a reason why you like DR so much? What's so good about him?<br><br>
TIA
 

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My guru is Velochic. You can get the information about her "scheme" here on MDC. For free! <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/lol.gif" style="border:0px solid;" title="lol">
 

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I can't say one specific guru because I tend to be a buffet kind of idea-taker, but I would say the definite inspiration for my frugality is Joe Dominguez and Vicki Robin (wrote "Your Money or Your Life" book).
 

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<div>Originally Posted by <strong>Herausgeber</strong> <a href="/community/forum/post/7977720"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">My guru is Velochic. You can get the information about her "scheme" here on MDC. For free! <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/lol.gif" style="border:0px solid;" title="lol"></div>
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You crack me up! <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/lol.gif" style="border:0px solid;" title="lol"> I could just as easily say you're my guru, too. <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/winky.gif" style="border:0px solid;" title="Wink"> You really know your stuff. Hey, everyone... listen to this gal. She knows where it's at.<br><br>
I just basically pass along the information that I gather from several sources, so my guru is really *information*. Most of what I read these days is about mutual fund investing and increasing net worth. Mostly that's index funds and long-term, level-headed retirement investing. I read the newspaper. I hang out on the Vanguards Diehard forum on Morningstar dot com. There are a couple of the authors of "The Boglehead's Guide to Investing" that are there that I deeply respect and keep my eye on. I almost always take their advice. They've been investing 20 or 30 years longer than I have. Taylor Larimore is one to listen to. I have read a lot of investing books by these authors that recommend index fund investing. My guru is anyone who does sensible things with their money and who tries to learn from other people's mistakes instead of making them on their own. <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/shrug.gif" style="border:0px solid;" title="shrug"><br><br>
You know, people like Suze Orman really crack me up because she's just a sassy brat that keeps her head about money. There's really not that much to it other than being informed and using common sense. And also these people like Dave Ramsey and Suze Orman have an ARMY of advisors telling them what to do for every step. They are just the face for the ideas of many people. I really respect the people who are behind these financial media icons. Those are the ones giving the good advice.
 

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I liked Dave Ramsey. The snowball works. But you don't have to buy the book to figure it out.<br>
I guess I liked the book best becaues it motivated & encouraged DH.
 

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<div>Originally Posted by <strong>velochic</strong> <a href="/community/forum/post/7979054"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">You crack me up! <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/lol.gif" style="border:0px solid;" title="lol"> I could just as easily say you're my guru, too. <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/winky.gif" style="border:0px solid;" title="Wink"> You really know your stuff. Hey, everyone... listen to this gal. She knows where it's at.<br><br>
I just basically pass along the information that I gather from several sources, so my guru is really *information*. Most of what I read these days is about mutual fund investing and increasing net worth. Mostly that's index funds and long-term, level-headed retirement investing. I read the newspaper. I hang out on the Vanguards Diehard forum on Morningstar dot com. There are a couple of the authors of "The Boglehead's Guide to Investing" that are there that I deeply respect and keep my eye on. I have read a lot of investing books by these authors that recommend index fund investing. My guru is anyone who does sensible things with their money and who tries to learn from other people's mistakes instead of making them on their own. <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/shrug.gif" style="border:0px solid;" title="shrug"><br><br>
You know, people like Suze Orman really crack me up because she's just a sassy brat that keeps her head about money. There's really not that much to it. And also these people like Dave Ramsey and Suze Orman have an ARMY of advisors telling them what to do for every step. They are just the face for the ideas of many people.</div>
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<img alt="" class="inlineimg" src="/img/vbsmilies/smilies/yeahthat.gif" style="border:0px solid;" title="yeah that">:<br><br>
I think it is most important to be able to evaluate your own situation and not depend on some 'expert.' Many experts have their own agendas, which may not be fully articulated or apparant. You need to be the expert on your own life, and in order to be the expert you need information.
 

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I like to get information from lots of sources, but for Christians I strongly recommend Howard Dayton/Larry Burkett/Crown Financial Ministries.
 

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Right now I am a Dave Ramsey girl, but then I am paying off a lot of debt using his snowball method and ideas. This has been working great and I am getting close to having my consumer debt and student loans paid off. While I have loved Ramsey's method of paying off debt, I haven't been impressed with his investment advice. So, I am starting to read more investment books and websites to prepare for the next leg of this money journey. Not sure where it is going to go. Right now I a m just cruising the Vanguard website a lot. <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/lol.gif" style="border:0px solid;" title="lol"><br><br>
Money index funds? IRAs? It is all gibberish to me. I have a lot to learn before I can make my money work for me.
 

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Discussion Starter #11
Thanks everyone - I should have pointed out that I am not in the US so the kind of info I need probably needs to be a bit more generic and at the moment, I'm more interested in learning how to get out of debt rather than invest although that's certainly on the cards.<br><br>
Knowing nothing, and being particularly sh*t with money I've always liked the idea of Suze - perhaps because she's a woman, maybe 'cos she's been around a long time or likely 'cos I saw her once on Oprah ten years ago and thought she was nice!<br><br>
Why do you have to be Christian to take advantage of a certain method?<br><br>
I tell ya...this is it. I am going to get it together on the money front. REALLY this time!!
 

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We like DR because he's not overly annoying, has an amusing sense of humor (listen to his radio show, it's funny half the time - and free unless you have XM or something), and several of his major principles have worked for us. We haven't bought a darn thing, except we did get a copy of TMMO for my MIL, but since that wasn't for us I don't count it. Oh, and he's lost all his money once and has kids - he's more relatable to dh and I.<br><br>
I never really like Suze, but could never put my finger on it. A recent article on her gave me a little more insight... She's not that uplifting on her show IMO; she'll almost cut you down for being in a not-so-spectacular financial position. And her investing strategies are based on her own. A middle-aged millionaire with no children who can stand to lose a million or two and not worry about it, and she doesn't have to multiply her wealth many times over (i.e. her portfolio isn't that diversified and is low risk) like people like us do that barely make enough in one year to pay for her car. I *know* we'll never be in a position to be blase about losing a million dollars. But again, that's just me. Different strokes for different folks. <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/wink1.gif" style="border:0px solid;" title="wink1">
 

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<div style="font-style:italic;">Why do you have to be Christian to take advantage of a certain method?</div>
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Sorry, I should have explained. You don't have to be a Christian to benefit from the materials from Crown Financial ministries. But the materials are written from a Christian perspective: all of the principles are based on Scripture, and one of the purposes of following those principles is to help you strengthen your relationship with Christ. Some of the principles, like prayer and tithing, assume a relationship with God, but aren't necessarily unique to Christianity. However, there are also a lot of references to the New Testament specfically. Since I'm a Christian, I've found it to be very helpful in keeping my finances in line with my spiritual beliefs.<br><br>
So I don't usually recommend those materials to non-Christians because I don't assume that they want to base their financial decisions on Scripture, and especially the New Testament. I know I wouldn't have been interested in these materials before I became a Christian. Here on MDC, I assume that people come from a wide variety of spiritual perspectives, and might want a heads up that a particular book has a Christian orientation. I should have explained more carefully in my last post, though.<br><br>
If you are interested in learning more about the principles recommended by Crown Financial Ministries, however, a good starting point is "<a href="http://www.amazon.ca/gp/redirect.html?ie=UTF8&linkCode=ur2&camp=1789&creative=9325&tag=motheringhud-20&location=http%3A%2F%2Fwww.amazon.ca%2FYour-Money-Counts-Howard-Dayton%2Fdp%2F0842385924%2Fref%3Dsr_1_3%2F701-7097115-7725955%3Fie%3DUTF8%26s%3Dbooks%26qid%3D1177846932%26sr%3D1-3" target="_blank">Your Money Counts</a>" by Howard Dayton. The subtitle is "The Biblical Guide to Earning, Spending, Saving, Investing, Giving, and Getting out of Debt."
 

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My financial Guru is Elizabeth Warren. She and her daughter have written several books about the two income family and ways in which having two incomes traps american families into debt. Her financial advice is more 'low to the ground' than Dave Ramsey's or Suze Orman's and really tends to focus on ways to think about money and spending so that you're not overextended in an emergency. Dave Ramsey and Suze Orman are great for paying off debt and investing, but as far as lifestyle, I'm an Elizabeth Warren girl all the way.
 
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