{"id":78,"date":"2008-06-25T00:07:33","date_gmt":"2008-06-25T05:07:33","guid":{"rendered":"http:\/\/brianschettler.com\/blog\/?p=78"},"modified":"2008-06-25T00:11:24","modified_gmt":"2008-06-25T05:11:24","slug":"dave-ramseys-financial-peace","status":"publish","type":"post","link":"https:\/\/brianschettler.com\/blog\/?p=78","title":{"rendered":"Dave Ramsey’s Financial Peace"},"content":{"rendered":"

I just finished Financial Peace Revisited<\/a> by Dave Ramsey. A pretty good read with sound financial advice. I especially thought that the chapter about compounding interest was very good, although you have to remind yourself that after 40 years of saving, inflation has wiped out a good portion of your gains. It’s easy to look at saving $2000\/year and after 40 years you have $2,000,000. But that’s two million 2058 dollars, not two million 2008 dollars. Also, he was basing his calculations off of 12% interest rates which are quite high for right now.<\/p>\n

It reminded me of two different schools of thought when it comes to spending money. One side says, “Who am I to deny myself? I only live once! It’s just money and I can’t take it with me when I die, and as long as I work I can always get more. I should spend money and enjoy myself.” The other side says, “Woa woa, now. We should save for a rainy day. It’s a security blanket, because unexpected events wipe out a lot of people, financially speaking. And often if we wait a while, we’ll see that buying xyz wasn’t really a good decision.” Right now I definitely fall in the latter camp. But I think happiness, like most things, is somewhere in the middle.<\/p>\n

Also: I wonder if it’s possible for someone starting out to stay completely out of debt in today’s world?<\/p>\n","protected":false},"excerpt":{"rendered":"

I just finished Financial Peace Revisited by Dave Ramsey. A pretty good read with sound financial advice. I especially thought that the chapter about compounding interest was very good, although you have to remind yourself that after 40 years of saving, inflation has wiped out a good portion of your gains. It’s easy to look […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[195,24],"tags":[196,197,198],"_links":{"self":[{"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/78"}],"collection":[{"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=78"}],"version-history":[{"count":0,"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/78\/revisions"}],"wp:attachment":[{"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=78"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=78"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=78"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}