October 4 - Online Discussion Question 5

Dave talked about 2 financial principles at the end of the chapter:

1) Keep a giving spirit
2) Remember the Tortoise and the Hare story

Explain these principles and what can we learn from them?

October 4 - Online Discussion Question 4

Rob, a college senior, was given $10,000 by an aunt. Before she died, she told Rob to put the money to work and leave it alone, so that someday he could leave money to his heirs. Rob is pumped. He has two great ideas, both of which he learned about on late-night TV. One is to buy foreclosed properties. The other is to speculate in gold. The people on TV made a killing doing very little work. Their DVDs will tell him all he needs to know. He asks you which sounds better to you.

October 4 - Online Discussion Question 3

Carol’s aunt took a friend’s advice and invested her savings in Associated Elevators common stock. It went down. After a year, she sold that and bought Consolidated Cranberry. A year later, when the berry boom burst, she bailed again and poured her savings back into Associated Elevators, which was on the rise. Now she’s back to square one, and to Carol’s delight, she has asked Carol what “that Dave Ramsey fellow” would tell her to do next. What would that be?

October 4 - Online Discussion Question 2

John is a senior in high school. His father, Alfred, is a successful businessman. The two are very close and talk openly about things, including money and investments. Alfred decides to change his investments and he puts one-fourth of his money in a steadily growing company, one-fourth in a rapidly growing company, one-fourth in a single company that has paid good dividends, and one-fourth in one based overseas. When he tells John, he is shocked that John is worried. Is John right to be worried? Why or why not?

October 4 - Online Discussion Question 1

Donald is aggressive and smart, but he’s bored at his job. He wants to pursue his dream of starting a burger joint called “Donald Mac’s.” His business plan is to open six stores in 12 months. All he needs is money—other people’s money (OPM). Everyone says that OPM is the only way to go, the shortcut to success, wealth with no risk. So he buys a coat and tie, shines his shoes, and hits the streets, looking for investors. He comes to you. You like his idea, but are his plans sound? What do you think?