Dave Ramesy Timeshare Thread on Budget Board

[salmoneous]

Someone requested that a notice be posted here when a timeshare thread get started on the Budget Board. Well I just started one: http://www.disboards.com/showthread.php?t=1043616. In case it isn't clear, my point was not to agree with Dave Ramsey that timeshares are idiotic. My point was to highlight what an idiot Dave can be.

 

[CarolA]

I responded over there, but my big issue with Dave is you give him one fact and he KNOWS what you should do....

And of course I think that if one of the Timeshare companies (say Fairfield) gave Dave and endorsement deal then his new statement would be "buying a timeshare protects you from future inflation etc."

Dave is for sale!

 

[uwate]

I posted in that thread. I don't know who Dave Ramsey is, but he is ill informed.

 

[littlestar]

Old Dave is "stuck" in a 70's mentality about timesharing. Things have changed.

 

[shantay1008]

One poster had a well-articulated argument against DVC, but he said he could use the money he would have paid in annual fees, etc., to pay for a stay in a moderate every year instead. This doesn't seem like a very good argument to me, because one of the main reasons most of us like DVC is because we like to stay in deluxe hotels, isn't it? So you can't compare moderates to deluxe rooms and say, well, see, the deluxe rooms are costing you a lot more, so you're getting a bad deal. Noooo....you're staying where you want to stay and are willing to pay more for it. My understanding is that with DVC, those of us who want to stay in deluxe rooms look at buying into the vacation club as, not bargain shopping, but as trying to get the most bang for our buck on money we were going to spend anyway over the years.

 

[uwate]

Well Disney needs to fill those moderates...so with all things being equal cost, I am sure glad its me sitting in the Wilderness Lodge in while he takes in Coronado.

 

[1000th happy haunt]

Someone want to tell Dave Ramsey about this analysis by Doctor P??

 

[DisFlan]

I've never cared what guys like Dave Ramsey had to say ("Pay me MONEY and I'll tell you how to get out of debt"), but if it keeps a few people who can't afford it from considering buying DVC or any timeshare, I guess it's a good thing. That seems to be the crowd he's aimed at. But I really don't like his blanket statements.

Did anyone else see the Steve Martin skit on SNL a few weeks ago? It was a guy selling a "how to control debt" type book called Don't Buy Stuff! Selling for about $29.99. It was one page long. "If you have money - buy stuff. If you don't have money, Don't Buy Stuff!" So funny on a number of levels, and so TRUE.

DisFlan

 

[T.E. Yeary]

I'm with you about Doctor P. I liked his analysis so much I printed it and handed it out to all of our agents. Most likely, someone will come along and try to poke holes in it though! I'm just being realistic, not a pessimist.

 

[Oreo Cookie]

And of course I think that if one of the Timeshare companies (say Fairfield) gave Dave and endorsement deal then his new statement would be "buying a timeshare protects you from future inflation etc."

Dave is for sale!

I agree 100%

 

[disneymom3]

Carol--I am saying it here, cause I didn't want to post anymore on that thread--I loved your responses about Dave. These people that elevate him to God status drive me bonkers. Buy my book, make me more money and I will tell you how to save yours.....Sounds like a cheap marketing scheme to me.

 

[TDC Nala]

Dave who?

 

[swich2mac]

Dave is king!

www.mytotalmoneymakeover.com

 

[westjones]

Did anyone else see the Steve Martin skit on SNL a few weeks ago? It was a guy selling a "how to control debt" type book called Don't Buy Stuff! Selling for about $29.99. It was one page long. "If you have money - buy stuff. If you don't have money, Don't Buy Stuff!" So funny on a number of levels, and so TRUE.

DisFlan

That was SO funny! And, as you said, SO true!
DJ

 

[Tinky]

Dave Ramsey... hmmmm wish there was a raspberry smiley..

I don't know about Dave being the king... shrewd, yes... It's kind of ironic,the whole 'total money makeover'... how much do you have to give "the king"

 

[swich2mac]

Paid cash into SSR and debt free because of his teachings!

 

[Anewman]

debt free because of his teachings!

Really, I am debt free because I dont spend more than I earn. My Mom's teachings, right after "brush your teeth after every meal".

 

[shantay1008]

Well, we can always learn something new. I just checked out a book by Suze Orman from the library, and I'm having a great time reading it.

Anyway, you know another argument I don't really get is when people say that they could invest X dollars and make a lot more money than if they spent the same dollars on DVC. But DVC is supposed to be your vacation money. So the assumption is that you've got all your other eggs in a row (retirement savings, etc.) and you're free to buy DVC with your vacation money, right? Yes, I suppose maybe it would be better to never go on vacation and instead invest the money you would have spent, but I think we're allowed to have a little fun.

 

[swich2mac]

Also check out David Bach, "The Automatic Millionaire" and "Finish Rich" series of books. They are decent reads as well. My favorite is "The Millionaire Next Door", by Tom Stanley.

 

[jmminarik]

Anyway, you know another argument I don't really get is when people say that they could invest X dollars and make a lot more money than if they spent the same dollars on DVC. But DVC is supposed to be your vacation money.

Well, the full argument is something along the lines of invest the upfront DVC buyin and the money you make combined with not paying annual dues will outweigh the "savings" of DVC if you just pay cash for a standard hotel room. Yea, like most people would invest that money...most would have blown it on other vacations/cars/boats/consumer electronics/beer/loose women/loose men/frappe-latte-things/etc. And their opportunity cost analysis never takes into account unquantifiable things like, I don't know, being happy and how that differs from person to person.

Happy, uhm...it's Lent, you're not supposed to be happy.
-Joe