Dave Ramsey: 7 Brutally Honest Money Tips To Follow

Core Insights - Dave Ramsey has provided straightforward financial advice for years, focusing on debt reduction and financial control [1] Group 1: Side Gigs - Ramsey advocates for working side gigs to generate additional income, which can help individuals achieve long-term financial goals [3] - The availability of side hustles has increased, with options ranging from gig economy jobs like Uber and DoorDash to remote opportunities [4] Group 2: Debt Management - Ramsey emphasizes the importance of paying off debt before investing, arguing that high-interest credit card debt (typically between 19.99% and 29.99% APR) is more costly than potential investment returns [5][6] - He strongly discourages accumulating debt for the sake of social status, warning that such behavior can undermine long-term financial stability [7] Group 3: Housing Costs - Ramsey recommends limiting housing expenses to 25% of monthly income, which is more conservative than the commonly suggested 28% rule, despite the challenges posed by rising housing costs [8]