Subject: Re: Dave Ramsey vs. Boggleheads
<< I know two families that followed Ramsey advice and recovered from crippling debt. >>

Obviously, I have no disagreement with avoiding debt. But Ramsey's credit card advice (i.e., cut up the credit cards and pay cash) is equally bad in today's economy.

Few retailers are giving you a discount for cash. If you're not using the best "cash back" credit card available to you, you're giving up 2% or more of your capital with every purchase. The becomes a big, compounded number over a spending lifetime.

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