Do any of you listen to David Ramsy? For those of you who don't know who he is, he went bankrupt, and ended up digging himself out of debt. Now he has a radio show giving people advice on how to save money, and how to save for the future. One thing I like about it is he doesn't talk about politics or religion. The only exception was today when he was giving advice to some guy about how to save money for his kids college funds. He told this guy to not feel bad if he couldn't pay for 100% of their college. He said that if he could pay for 75%, they could get a job to pay the extra 25%. He then used the term snowflake.
Anyways, he is interesting.
I prefer Suze Orman from back in the day. I still live by "People first, then money, then things." (I think I still have some old personal finance books around somewhere that suggested renting movies from video on demand rather than video cassettes/DVDs, as that way you will not accrue late fees. That's how old they are.)
Ramsy is too weird with the religious stuff for me. Much of his financial advice, strictly speaking, seems pretty good. I just can't help getting a "prosperity gospel" vibe surrounding the notion of mixing up Christianity and personal finance. And I've seen his face plastered on a couple of churches announcing help to Christians with finance problems, etc. Maybe I'm being overly sensitive, but it's just weird to me.
If you want to make plans for the future my advice is to educate yourself. Forget using stock brokers, if you want to be in the market learn how to do it yourself. If you want to buy real estate, take a class on it. There are many ways to invest, here are some NOT to use: Annuities, there is no version that is fiscally sound. Whole Life Insurance, also known as
variable life, any insurance other Straight Level Term which is not an investment but necessary if you have a family. Accidental Death is also a scam. Right now the stock market, I've made a lot on the market but we are on the edge, things could be worst than 2008. If thing start going bad re-allocate you 401K into a "safe haven" like treasury bonds or similar mutual with low growth until the market corrects, after that there will be many opportunities. What I'm saying is don't trust media advisors, they could give a rats ass about you and more often than not have bills to pay. Believe in yourself alone, you can do this.