OMG!! ICF, you hit the nail on the head. I've always thought it was me because I read one of his books and the first thing I thought was "I just paid 29.99 to be told the same exact stuff my grandmama use to say for free".
LOL
Do you recognize how lucky you are to have a grandmother who:
had that knowledge and
shared that knowledge with you when you were of an age to understand it and hear it and take it to heart?
Seriously, do you?
My husband's grandfather was too busy gambling his family's money away, while FIL (born in '27) sold papers on the street for cents a day (literally cents per DAY, not per paper), to have time to think of things like that.
My FIL was too busy following in his father's footsteps, lying to everyone about money, taking money from his family to pay for other women, and stealing money from his wife's whole life insurance, to think about pretending to the family that he knew anything about money. Oh and let's not forget when he did something hinky with his shipping business, possibly defrauded two countries from taxes, and when the foreign company came after him, he gave them their PAID-FOR home, without ever contacting his business insurance lawyers.
I have no idea what my grandfather might have said, but I found out recently he pretty much stopped talking to the family once his oldest daughter died. So he probably said nothing. Died before I was born. His daughters married lowlife-type guys (but charming!); his son made a nice living but pays alimony for 3 or 4 exes. The daughters never had time to THINK about things like that; too busy working their rears off to try to feed their children, to waste time thinking about what is so "commonsense" and traditional to some.
Those of you with family like that are lucky.
I had to read Ramsey to get it. I got his books from the library; don't know why anyone would pay money for it, but maybe those of us in trouble NEED the library? Ramsey helped us a great deal. And it never once felt like commonsense, and it sounded NOTHING like what our grandparents taught us.
You can listen to his broadcast from yesterday.....
Dave goes on to illustrate his point about overspending with plastic by citing a visit to Disney several years ago and using his KTTW to pay for $8 ice creams without blinking (around 1:17:40).
Thanks for the actual show!
And for the true story that Ramsey's story was from several years ago, and was simply about spending without thinking.
Of course, was he truly NOT going to get those items? Or was he just not thinking about it right then?
Some how on these boards if one does not go to disney life as we know it would end.
...
A young couple now is not going to want a 1100 square foot home because now, the normal home for a starter home is 2200 square feet and has a gourmet kitchen.
I think we're reading different boards, or at least threads.
"Starter home"? Where did THAT concept come from? As someone else said, the concept of a starter home is involved in the concept you're not liking.
In fact the concept of a starter home, that would be sold and you would make money on it to then by a bigger home, is part of what I feel the problem is. The concept of EXPECTING a profit, a financial profit not a profit in memories or USE of the home, upon the sale of a home is a huge issue in my opinion. Sooner we got rid of that expectation, the better. Put some thought into what we've gotten from the home, not just what MONEY we put into it.
Do you really think couples in the 1960s thought of this major investment, costing multiple times their annual salary, to be the place to start? Most people bought the house they intended to live in for the rest of their lives, at least all the people I knew.
I know *one* family like that, an aunt. Same home they bought when in their early 20s. (their children grew up and bought mini-mansions) And that's it. Everyone else I know who is old enough to have bought a house a long time ago bought one house, then a bigger one.
Heck, my grandfather bought my grandmother her engagement ring, then later on upgraded THAT (by adding diamonds to it). And they, as far as I can tell, weren't stupid with their money, but they certainly weren't just hoarding money while sitting in a tiny home not buying any luxuries. (grandma born in '13, grandfather born...before that?)
I'm telling you the 40s, 50s, and 60s wasn't that great. There was a lot of intolerance back then...
That's definitely what I've heard from my older family and friends!
This makes no sense.
If Dave only uses cash how did this occur? Could he by LYING!
If you put "cash" on the account then Disney won't let you spend more money then you put on the account.
There was a pretty quick reply with the real info (illustration of ignoring what you're actually spending when using KTTW card instead of cash), not just the subject line of this post.
...and to make people aware of how easier, even fun, it will be to spend money as this gets rolled out to everyone.
But the later post showed that this was about KTTW cards, not the RFID cards. And the charging on an RFID card isn't any easier than with KTTW, nor is it going to be more prevalent. If you put charging on a KTTW now, you'll likely do it with the magicband. If you didn't do it before you probably won't in the future.
In fact, with the new RFID stuff, because there's a PIN, it could be considered *harder* to charge to the room than it has been in the past.
Our children are already included in our financial discussions (age appropriate of course) and learning about saving/spending/giving/investing--something I was never taught and know many of my friends/co-workers weren't either. If everyone was taught this, there wouldn't even be a need for this class, but yet every single time its given at my church, it's full. What seems common sense to me NOW, was not common sense to me then.
I didn't know any better. My parents didn't teach me better. I learned a very good lesson at 18. And I took it to heart. Even many years later, I am still teaching myself because I think we can do better than we are.
