How Well Does Dave Ramsey's Advice Hold Up To Scrutiny?

Personal finance guru Dave Ramsey offers advice to Americans based on a number of financial principals, including budgeting, reducing debt, saving money and spending less than you make. However, for each one of Dave’s fundamental principles, there is a legitimate counter argument. For example, while most Americans budget, they also live paycheck-to-paycheck and can’t come up with the money to cover a $300 emergency car repair. Clearly, this nugget of advice doesn’t work well for most people. While I’m in favor of these basic financial principles, there are alternative ways to wealth, including borrowing to potentially increase your wealth, in the case of growing a business, for example, rather than borrowing to consume. If you don’t want to cut back on your spending, you can increase your take-home pay by working overtime or starting a side business. Finally, investing properly to leverage your savings is a proven way to create a secure and sustainable retirement. 

Forbes

https://www.forbes.com/sites/garrettgunderson/2021/01/28/how-well-does-dave-ramseys-advice-hold-up-to-scrutiny/