Schafer: Financial adviser gives tough love – and hope

  • Article by: LEE SCHAFER , Star Tribune
  • Updated: November 30, 2013 - 2:00 PM

Those curious about what’s really happening in the American economy could do worse than listen to a few hours of “The Dave Ramsey Show.”

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blahserblahDec. 2, 13 7:19 PM

Though I'm not a huge fan of Dave Ramsey ("Buy my Secrets to Debt Freedom, only $9.95!) I do think that this tough love prescription is right on the money. The counter-argument, citing data about how people 'feel' about their economic position is especially telling. It doesn't matter how you 'feel' about your relative wealth - what matters is survival. If you want to have more, earn more and don't spend what you don't have. It really is as simple as that. All this pandering to how people feel about their deprivation is a distraction and dangerous. Creating a feeling of entitlement to 'feel good' regardless of your economic behavior is a smoke screen. The world is a harsh place - you need to fight to survive and not be stupid. If you spend more than you earn you will suffer, so don't. Being poor doesn't 'feel' good - but if that is your reality, work on changing it and don't compromise by being a slave to debt. Don't be victim to a culture that says if you have more you will 'feel' better. Consumerism is a vice.

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