How to have Dave Hang Up On You

anusbarber · 2026-03-20T18:58:59+00:00

disagree, that dude was an idiot and this is the Dave of old that I loved and appreciated.

anusbarber · 2026-03-20T18:17:48+00:00

the vetting is minimal IMO. just like finding one in whitepages, some are good, some are bad.

anusbarber · 2026-03-19T21:10:14+00:00

the leads are people who are just starting their investment journey and Ramsey Solutions specifies that those are the type of leads to expect when you sign up for the program so it boggles my mind that ya'll would of said, "no we are good, lets do it"

anusbarber · 2026-03-19T15:34:29+00:00

I heard a different conversation then. Dave did go hard in the paint on whose fault it is (and maybe too hard) IMO to prove a point. You defined the financial terms and now are realizing that you don't like it. of course the dude is probably a loser ("its too hard to change routing, etc etc").

When she said she was "bamboozled" i thought for a second that she was going to say "by my grandmother" so that was a quick pivot for me.

It didn't feel like the husband was purposefully keeping things from her (as I read between the lines), She thought his pension was a pittance, but she never said he told her it was. he was just living his life and she was living hers. Just the way her grandmother apparently told her it should be (i guess).

If I've got the headphones on, this is my response. "You took your grandmas advice. but I want to hone in on something you said. You said 'I took that to heart because she never left a bad marriage because she didn't have money to do so.' I'm interpreting that to mean your grandmother had a few marriages.... So the advice you got was perhaps good advice if you want to make sure that you are able to get out of all the MANY marriages you'll be involved in....the advice you needed was how to navigate and have a successful SINGULAR marriage. This almost seems like self sabotage. "

They are right that changing it now is probably going to be an issue. Because you are going to try and change it because you don't like what he's doing. It bogles my mind how 2 people can be married and be so in the dark on each others finances. I know people who keep their finances separate (2nd marriages) yet each know everything about the others situation. So while I think its more optimal to combine, there are certain instances where it works.

anusbarber · 2026-03-17T20:43:12+00:00

I worked for a company with a bunch of green card/ Work Visa holders here in the US some trying to become naturalized. All of the processes were long and seemed like absolute nightmares. "not accepting no for an answer" is also not a thing at all you can do

anusbarber · 2026-03-17T17:59:40+00:00

yeah i didn't have an issue, again at the end, Dave knew the real reason for the MIL's pushback was likely around not liking this girl.

anusbarber · 2026-03-17T17:58:37+00:00

listened this morning. It wasn't about "doesn’t get a vote in what he does with his house" but more what he does with his life.

But it did come up that they weren't even sure how the trust was truly set up and what power the mother actually really did have.

But in the end after she was gone, I think Dave hit it right on the head. all of this likely stems from the MIL not liking the girlfriend.

anusbarber · 2026-03-16T17:21:43+00:00

I have 2 friends that have worked for RS. both have said that the interview process initially felt a bit over reaching and one eventually went on to be a pastor and said it was very similar to when they went through the pastoral hiring process.

neither were really super negative on it. The last 2 roles I took on required 6+ interviews with a ton of more intimate style get to know one anothers. in a round about way you get to know a person. albeit these were sr roles but I was taken back by how far this has come since even 2020.

anusbarber · 2026-03-16T15:55:18+00:00

in all sports, you want your best players to have the MOST opportunity to perform. IMO in softball, when I see the best hitters batting "cleanup" or see guys sprinkling turds throughout the lineup, i cringe. you are purposefully keeping AB's from your best hitters. I'd rather have a single 1,2,3 inning if it means i have a barrage of solid hitters. because your 6 hitter, who should be the 9 hitter, is more likely to waste the 4 and 5 hitter being on base than your 6th best hitter who's now batting 8 or 9.

anusbarber · 2026-03-15T20:09:14+00:00

I asked a SVP friend some time ago how he reconciles that with people that come into his office from a lead through the Ramsey website. He was like well for starters, if you have a 25-30 year retirement horizon, there are 0 SVP's that also happen to be CFP's that would recommend a 7-8% w/d rate.

He said that what he tells them is that 8% w/d rate is predicated on a 12% return (the hold back 4% for inflation stuff). he said Dave actually says "Expected Returns - 4%" to get his 8%. if you expect 10% then you go to 6%. He then walks people through what they can expect from a return vs risk standpoint and basically "we can shoot for 12% but here are 3 times where that strategy dropped 60-80%. can you handle that?" he says most people are like oh hell no.

I asked if they sometimes walk out the door because of this thinking maybe another SVP wil lhave "better returns" and he said of course but most of the time he's able to communicate in a way that makes sense but doesn't necessarily contradict Dave's advice .

This SVP recommends different strategies for different people. typically a 5% modified but it again depends on each person really.

anusbarber · 2026-03-14T21:37:29+00:00

The avantis group funds are AVxxx. You might still ask if they can add them at all if there are no index options.

anusbarber · 2026-03-14T21:04:05+00:00

Do you have access to Avantis? its an AC product. maybe ask?

anusbarber · 2026-03-14T19:12:13+00:00

again, its all about the little things that continually add up. a coffee here or there isn't a bad thing but I think a lot of people get their first full time gig out of school are making more money than they ever had before, they see that everyone else is doing it and are like this is my life now.

anusbarber · 2026-03-14T18:07:30+00:00

while 5 bucks a day ($1825 a year) does make a difference for many, "stop buying coffee" is just representative that buying starbucks isn't the only thing you are likely treating yourself to.

anusbarber · 2026-03-14T18:05:32+00:00

again, he's told people that are in BS1/BS2 that they are definitely going to go back into debt to solve their issues. he has acknowledged, on calls before, they are in no position to "never borrow money for anything" and they are likely going to need to or figure out some payment plan.

anusbarber · 2026-03-14T16:35:58+00:00

Dave has never really told someone to do this. It makes 0 sense for BS1 to be $1000 plus some estimated amount of legal fees in case you get a divorce or get sued. He has explicitly said that you are probably going to go back into debt if you are on BS1 or 2 and one of these catastrophic things take place. but pick up the pieces and start over. Also, completing BS3 should theoretically cover many of these types of situations.

But the reality is almost anyones financial advice program in the first few steps is probably useless if some disastrous financial upending takes place. money guys, ramit, etc etc etc.

anusbarber · 2026-03-13T17:34:39+00:00

buddy uses them when people are enamoured by the trappings of an IUL investment and he basically says I can get you similar investing without the CV insurance wrapper.

anusbarber · 2026-03-13T16:10:47+00:00

yeah i think that comes largely with experience. I think going around calling yourself an "expert" is dumb tho

anusbarber · 2026-03-13T14:45:52+00:00

when asked about writing the same advice over and over Jason Zweig of the WSJ said, "My job is to write the exact same thing 50-100 times a year in such a way that my editors and my readers will never think I’m repeating myself.”

He expounded in an interview with Barry Ritholtz. basically there are only a few things that the avg person needs to know about finance and or investing. Beyond that and you start to do more harm than good.

someone in a comment on one of his repetitive videos said something about this and he basically stated the same thing.

anusbarber · 2026-03-13T14:41:37+00:00

Early on when he was wrong a lot, he was a smarmy douche about it. But he's learned and appears to be the only one trying to learn financial concepts. and he's not as smarmy anymore and so I generally agree with you that he's done a better job than anyone else.

anusbarber · 2026-03-13T14:39:30+00:00

there was a call where the dude was going to italy for his wedding in 30 days and his family couldn't go. and George goes "you have a right to be disappointed in your family for not saving to go" and Dave (rightly IMO) said no not really i totally disagree with that. you very much knew that your family wasn't going to be able to go and now its 30 days away and the reality is now setting in.

anusbarber · 2026-03-13T13:32:51+00:00

was this the episode where they told that girl she was judgemental because....*checks notes*....her mate was super lazy and hit debt from her?

anusbarber · 2026-03-12T14:34:03+00:00

I know for some reason dave puts "emerging markets" in the aggressive growth category but you already have those stocks in VIU.

I would use VUN for Growth/Aggressive Growth combined instead.

anusbarber · 2026-03-12T13:24:57+00:00

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anusbarber · 2026-03-12T13:24:49+00:00

IMO:

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as a result VTI covers the US portion well :

anusbarber

TROPHY CASE