Dave Reads BOA gives loan modifications to those who don’t complain on Facebook

 Dave Ramsey Reads...  No Responses »
Jan 312012
 

If you were listening to the radio show on January 30th (1st segment in the 1st hour) you heard Dave come to the defense of Bank of America, a company who Dave regularly states is a company who mistreats their customers. He read an article from The Consumerist website, where Shoppers bite back.

The article talks about a law suit from the State of Arizona stating BOA is hindering an investigation by negotiating settlements with underwater homeowners who have agreed to take down negative comments from their Twitter and Facebook accounts.

If you’d like to read the article about a borrower who agreed to remove and delete Facebook and Twitter statements he had made about a dispute he had with BOA, go to: http://consumerist.com/2012/01/bank-of-america-accused-of-giving-loan-modifications-to-people-who-wont-complain-about-them-on-faceb.html

Dave Reads: Rich People Are Unfeeling Robots

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Jan 032012
 

On January 2, 2012 (in the 1st hour)

Dave read an article from Consumerist.com, an online magazine website, with the title “Study: Rick People Are Unfeeling Robots Devoid Of Compassion” (aired in the 1st hour on 1/2/12). The study was conducted on 300 college students from various income levels by psychologist Jennifer Stellar.

Dave was, shall we say, less forgiving to the survey methodology behind the study. Let us mimic the article by making a couple of assumptions about the 300 subjects used in this study:

What college students know about being rich

I am making the assumption that they do know something about being rich considering they have access to food, shelter, and clean water that is far more superior than a majority of the world’s population.

What college students know about Unfeeling Robots

Again, I am making the assumption that they know something about this variable since quite a few of them talk to Siri, the intelligent software assistant that comes pre-installed on the new iPhone, and are attending a University.

What the study proved

This study of College students who are relatively rich and know something about unfeeling robots that were asked questions about empathy proved this to me: You have to look at everything you read or watch with a critical eye. This study was not presented with an objective eye, it was targeted to get you to read it. There was no mention of robots or androids or even cyborgs in the original article that was released on Time.com, so this was a headline designed to get our eyeballs.

The motivation for printing this article was to get clicks and grow readership. Dave reading this on-air just gave them a boost in web-traffic, so Consumerism.com got what they wanted: our eyeballs.

Dave Reads – What The Great Depression Did

 Dave Ramsey Reads...  No Responses »
Dec 232011
 

Dave read an article from the Motley Fool

…called “What the Great Depression did that this Recession won’t” during the 2nd hour on December 14, 2011.  The main message: Unlike the Great Depression, not much has changed.  For more, go to http://www.fool.com/investing/general/2011/12/13/what-the-great-depression-did-that-this-recession.aspx

Dave expanded on the topic by talking about how he can hardly get out of his building’s parking lot because the traffic around the mall across the street is so congested. He also reminded us that bankruptcy and divorce in the 60′s was something most people would be ashamed to be a part of. Things are more disposable these days and there has been a shift in the way people look at obligations.

Do you want to improve your economy?

This message was brought to you by Steve Stewart, a self-proclaimed Personal Finance Architect helping everyday Americans design a house of financial freedom. Steve is a Certified Financial Peace Workplace Trainer and has completed Dave Ramsey’s Counselor Training.

To learn more about how you can improve your own economy and other great resources go to MoneyPlanSOS.com or contact him at 636-373-4818. Free 45-minute consultations are available now!

Dave Reads: 7 Millionaire Myths

 Dave Ramsey Reads..., Money myths  No Responses »
Aug 192010
 

On 8/17/10 (at the beginning of the 2nd hour) Dave read an article by Claire Bradley posted on Yahoo Finance.  The article: Seven Millionaire Myths.   The article also features a bonus link that Dave did not comment on that you may find interesting (check out #7: Millionaires Are Elitist).

He also commented on an AARP article that reported that “76% of adults age 18+ rely on or plan to rely on Social Security as a source of income at retirement”.  For the complete 51 page study go to http://assets.aarp.org/rgcenter/econ/social_security_75th.pdf (page 27 contains a graph for this portion of the study).  Also mentioned on the radio show was a study from the Social Security Administration which states that “Social Security expenditures are expected to exceed tax receipts this year for the first time since 1983“.  For the complete release go to http://www.ssa.gov/OACT/TRSUM/index.html

Dave Reads: Credit Card debt is genetic

 Dave Ramsey Reads...  1 Response »
May 152010
 

Dave read an article on the radio show (2nd segment in the 3rd hour on 5/4/10) that stated a study proved that “A person’s genetic make-up may influence the likelihood of them running up debt”.

You can read the short article at: http://www.independent.co.uk/news/science/genetic-link-to-credit-card-debt-1961483.html

Dave Reads: We Are Nashville

 Dave Ramsey Reads...  No Responses »
May 102010
 

Patten Fuqua is a Nashville Predator’s fan, season pass holder, and hockey blogger.  He recently posted his feelings about the recent flooding that hit Nashville and the media coverage of the tragedy.

Dave took the time away from his radio show to read the post titled “We Are Nashville”.  http://www.section303.com/we-are-nashville-4366

The post has created such pride for their city in the area that “We Are Nashville” t-shirts have been created.  http://store.coolpeoplecare.org/products/we-are-nashville-t-shirt

The way Nashville has presented themselves and behaved themselves before the entire nation is inspiring.  Would it be weird for someone from St. Louis to wear a “We Are Nashville” t-shirt?

Dave Reads: FTC Charges LifeLock for false claims

 Dave Ramsey Reads..., Dave Ramsey Show  No Responses »
Mar 122010
 

On Wednesday’s radio show (at the beginning of the 2nd hour on 3/10/10) Dave read an arcicle from the Federal Trade Commission’s website (www.FTC.gov) stating that LifeLock’s Identity Theft Prevention and Data Security Claims Were False.  Here is a link to that article:

http://www.ftc.gov/opa/2010/03/lifelock.shtm

Dave Reads: Credit Card companies charge you

 Dave Ramsey Show  No Responses »
Dec 012009
 

Dave read an article posted on USA Today about the plan credit card companies have to “help” you get a better interest rate: Keep Charging.  If you charge a certain amount on your credit cards you could be eligible for a rebate on your interest.  A rebate on interest charges?

The original article is posted at http://www.usatoday.com/money/perfi/credit/2009-11-20-citi-rates_N.htm

Also check out this post on the benefits and similarities of Debit Cards: http://moneyplansos.wordpress.com/2009/12/01/is-your-credit-card-safer/

Dave Reads: Black Friday Doorbusters

 Dave Ramsey Reads...  No Responses »
Nov 302009
 

The day before Thanksgiving Dave read an article from CNNMoney.com (also posted on Yahoo Finance).  His comments expand upon the article’s premise that these “Doorbuster” deals often are not all that great of a deal after all, especially if you don’t have a plan before entering the “limited quantities/no raincheck” retail store.  To read the entire article:  http://finance.yahoo.com/family-home/article/108212/dirty-secrets-of-black-friday-doorbusters


 

Christmas is coming! Christmas is coming!

 Dave Ramsey Rants...  No Responses »
Nov 042009
 

I know Christmas is coming when Dave does his annual rant on the grim outlook on Christmas spending in various media outlets.   Every year a journalist or news organization releases their study and commentary on how retail spending will be down this Christmas.

Dave reads a release from CNN News that shows the average of surveyed respondents will spend $22 less this holiday season.  Here is the link to that article: http://money.cnn.com/2009/10/20/news/economy/NRF_holiday_spending/index.htm?section=money_latest

And here is their survey from 2008, which states the survey shows consumers planning to increase spending by a “paltry” 1.9% – this in the midst of a recession.  By the way, spending really WAS down in 2008 – this in the midst of a recession! http://www.nrf.com/modules.php?name=News&op=viewlive&sp_id=590

2007: http://www.nrf.com/modules.php?name=News&op=viewlive&sp_id=386 - warning of consumer’s conservative approach to shopping

2006: http://www.nrf.com/modules.php?name=News&op=viewlive&sp_id=150   - forecasts a 5% increase over 2005 in this article they called “Subdued Holiday Gains”

By the way, this year Christmas is in December.  (I’m just giving you advance notice so it doesn’t catch you by surprise).

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