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[quote=Anonymous][quote=Anonymous] How would someone following DR, with a paid-off house but little savings or investments, fare in these circumstances?[/quote] Someone doing Dave Ramsey would have a six-month emergency fund prior to attempting to pay off the house. Dave Ramsey is a program for people who are not good at managing their personal finances. Little, if anything, about it is optimal from a numbers perspective. But, it is a program that spendthrifts seem to be able to keep up with, and seems to have helped a lot of them go from having lots of consumer debt to being debt-free. Personally, I have never done Dave Ramsey. I don't need to. I have chosen to pay off my mortgage because I really enjoy the freedom it gives me. I have never liked being in debt, and I appreciate being off the treadmill of having to have income to pay off a huge, looming bill every month, and know I'll have to work for the next 25+ years.[/quote]
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