May 182012
 

Kurt called in on Thursday and admitted that made a lot of stupid money decisions in his past but they have paid off all their debt and are teaching FPU at his church in Wisconsin. His question had to deal with some guilt he was feeling about a purchase to help him with his “heavy gardening”. What’s the gardening tool?Dave Ramsey answers the question "Should I Buy A Varmint Rifle"

An $800 varmint rifle

According to Wikipedia, a varmint rifle is an American English term for a small-caliber firearm or high-powered air gun primarily used for varmint hunting — killing non-native or non-game animals such as rats, house sparrows, starling, crows, ground squirrels, gophers, jackrabbits, marmots, groundhogs, porcupine, opossum, coyote, skunks, weasels, or feral cats, dogs, goats, pigs and other animals considered to be nuisance vermin destructive to native or domestic plants and animals.

Justifying the purchase

Dave asked how much he makes. Kurt’s answer: “About $200K”. So we have the 3 most important pieces of this puzzle: Kurt’s debt free, makes $200,000, and wants to spend .004% of his annual income on a boy’s toy.

Dave replied, as anyone probably would, “Shut up and buy the rifle! No whining allowed. Hey, you live like no one else so later you can live like no one else. $800 worth of dead varmints? Absolutely I would do that. And get yourself a really good scope so you don’t miss, OK?”

The frugal varmint hunter

The show went into a commercial break, so we never got to hear Kurt’s answer but I imagine Cabela’s in Richfield, WI might be seeing him this weekend (because the Green Bay store won’t open until 2013)

However, if Kurt wanted to save some money he could buy a Gamo Varmint Hunter Rifle on Amazon
for under $300. That way he would be spending under .002% of his income (but I’m not sure it comes with a scope).

May 042012
 
New FPU and Live Money Makeovers are Over

The biggest changes to the FPU and Total Money Makeover programs will be coming in the fall of 2012. New FPU gets a makeover The program that teaches people more about money than 90% of Americans has been a 13-week lesson-plan for more than a decade. It was re-recorded in 2003 and again in 2007, [...]

Apr 282012
 
Dave Ramsey Top 10 saying: No

The way to stick to a budget or maintain boundaries with family/friends is by using the world’s simplest 2-letter word. It’s not used much these days and the meaning has been lost to students who don’t have the means to pay for going to college, to adults who want a new vehicle, and Americans who [...]

Apr 202012
 
Dave Reads: Best Buy pressures employees to cram credit cards down customer's throats

Dave Ramsey read an article from The Consumerist.com: Best Buy Employee: Pressure To Cram Credit Cards Down Customers’ Throats Now Intensifying The article features an employee explaining how the salespeople are being evaluated more on how many credit card applications they get from customers than sales of the very products they sell: electronics. Goal of one [...]

Mar 142012
 
Dave Ramsey rants... Stupid on Education

NOTE:  Lampo (Dave Ramsey’s company) posted a transcript with a way to listen to the actual audio recording on their website at DaveRamsey.com. The transcript below is not copied from their site, it was all me – typing as fast as I could while listening over-and-over to the podcast.   Dave Ramsey rants… STUPID on [...]

Mar 132012
 
Yankee Nick Swisher calls Dave Ramsey

Baseball royalty New York Yankee outfielder Nicholas Thompson “Nick” Swisher called into the radio show in the first hour on March 12th, 2012. He welcomed Dave to the new time-slot on WOR News Talk Radio 710. Nick didn’t divulge if he was debt free or not, he just wanted to call and say “Hi”.

Mar 122012
 
Dave Ramsey Top 10 saying: Sell The Car

One of the largest purchases we make are things with motors, specifically cars. Next to a house, you probably won’t buy anything that comes close to the price of a car, truck, boat, or other types of motorized vehicles. The real problem comes when we buy a $20K, $30K, or $50K vehicle on payments! Ouch! What cars [...]

Mar 072012
 
Every day is Debt Free Friday

Have you noticed? Every day for the past couple weeks we have heard someone call in with their Debt Free Scream. Not just on Friday, EVERYDAY. My suspicion is this: It’s been 20 years This year we celebrate 20 years of Dave being on the air. Since June 15th, 1992 Dave has been broadcasting in [...]

Mar 032012
 
What does "Better than I deserve" mean

You don’t have to listen to the show for more than an hour to realize that Dave is a religious man, which may surprise those who only think he’s the redneck finance guy who cuts up credit cards. Biblical principles run all through his teachings about money, small business, and his conversations with callers on [...]