therickbol
Senior Member
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- Apr 29, 2005
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Exactly, when it comes to finances I already had self-control so I read all his stuff to see what it was all about after hearing him on the radio. I realized some of what he was teaching was not necessary for me so I modified it and applied just a few things he was teaching. I make a budget every month (thanks to technology it takes like 10 minutes tops) and I too use credit cards and pay them off every month. They pay me tons of money every year to use their credit cards thru rewards. He is providing a service that is much needed by a percentage of the population. And those people's financial future benefits much more than the amount of money they pay for Dave's services. Now it's true that what he provides, and what those people need, is mostly simple common sense strategies. But they weren't applying them before so the delivery and the message works for them. Getting angry at him like he is a 1700's snake oil salesmen is dumb. Just have to view him for what business he is in.......he ain't running an investment bank. His business is motivational speaking that leads to disciplined simple personal accounting practices for people who have none of that beforehand.He has a very simplistic view of debt. But he’s allowed to. It’s HIS view and what he teaches.
Just because he doesn’t believe in leveraging assets doesn’t mean others can’t be successful do so.
I don’t personally follow his principles. I have credit cards and pay them every month. I will employ leverage when it’s beneficial.
Doesn’t mean I can’t see the value of his system, especially for the people who seek him out looking for help. They’re not coming in on winning streaks.