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[quote=Anonymous][quote=Anonymous]
I was disagreeing with your comment that it's "a program for people who are not good at managing their personal finances." You can be a great money manager, but get socked in the face with medical debts.[/quote]

If you are good with money, but find yourself in debt due to crazy medical bills, you can likely repay your debt more efficiently than Dave Ramsey advocates.

He's an advocate of the "debt snowball" method, which is economically sub-optimal but has a lot of positive psychological reinforcement to help you stay on track. If you're good with money, you likely don't need this extra reinforcement.

What I think a lot of people on this thread are missing about Dave Ramsey and his zero-debt position are that I think he thinks of it like alcohol. Some people benefit greatly from being debt-free because they are really bad at managing debt. When it's available and they start using it, they can't stop spending. If they limit themselves to cash, they have a natural stopping point to keep from overextending themselves. Sort of like how most folks can have a drink or two every now and then and be just fine, but a subset of the population just can't control themselves when it comes to alcohol and do best when they stay away from it completely.[/quote]

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