Evolving Personal Finance » Entries tagged with "Ric Edelman"
Budgeting Is a Waste of Time
On a recent episode of The Truth about Money, Ric Edelman mentioned that one of the key principles of their financial advising practice is that “budgeting is a waste of time.” I really respect the financial advice I’ve heard on his radio show and read in his books, particularly their argument to keep your mortgage forever. Therefore, it was a little surprising to me to hear them say that such a bedrock principle of my … Read entire article »
Filed under: budgeting
Budgeting, Tracking, or Neither?
I’ve added a new podcast to my rotation – Ric Edelman’s The Truth About Money. I don’t know how well-known RE is nationally, but he works in the area where my parents live so I’ve heard of him a few times. He has a totally different money philosophy than Dave Ramsey (low-interest debt is great!) so I started listening to it to safeguard against becoming brainwashed by DR. During last week’s show the hosts were discussing … Read entire article »
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