May 17 2008

Some interesting viewing…

Published by Mugwug at 11:45:07 under General


(”Maxed Out”)

(”In debt we trust”)

Both extremely interesting… anyone have more suggestions?

2 Responses to “Some interesting viewing…”

  1. # Thomas Smithon 17 May 2008 at 14:59:35

    I’ve been a Dave Ramsey devotee for a while now. I am currently trying to get back on the bandwagon despite sub standard wages and a subsequent dip back into debt. I recommend his program for everyone, and I hat tipped you for this link. Thanks.

  2. # Mattion 18 May 2008 at 09:49:06

    The American ‘Center for Responsible Lending’ did a statistically valid survey of credit card debt a couple of years ago and found that significant structural problems in the US economy (including the reduced regulation of lenders) were primarily responsible for the accumulation of personal credit card debt.

    Their findings largely debunk the ’spendthrift’ assumption underlying a lot of the current discussion and are worth reviewing …
    http://www.responsiblelending.org/pdfs/DEMOS-101205.pdf

    Does anyone else find it ironic that Dave Ramsey’s website accepts credit cards for his (expensive) ‘helpful’ materials?

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