Dave Ramsey Warns: Don't Do These 10 Things With Your Money
Dave Ramsey Warns: Don't Do These 10 Things With Your Money
Sarah Cunnane, MoneyWise November 3, 2020
Dave Ramsey says you have to stop causing your money troubles before you can solve them.
The money management guru has doled out his signature blend of tough-love financial advice and Biblical wisdom since 1992. He learned it all the hard way: In his 20s, Ramsey built a fortune as a house flipper but lost it all when banks started calling in his debts. He had to buckle down to build back up from bankruptcy.
Now his radio show is syndicated on more than 600 stations, and he’s authored several books. He teaches Americans how to avoid wallowing in debt — even during the current financial crisis.
Here are 10 of Dave Ramsey's biggest money "don'ts."
1. Don’t try to tackle your biggest debts first
When you’re deep in debt with multiple loans, freeing yourself can seem impossible. That’s why Ramsey suggests the “debt snowball method.”
Rather than start with the loan with the highest interest rate, Ramsey says to pay off the loan with the lowest balance first, making only minimum payments on the rest. The idea is that each small victory inspires you to tackle bigger challenges.
“It’s more about behavior change than numbers. Once your income is freed up, you can finally use it to make progress toward your savings goals,” Ramsey explained on his website.
The snowball method is one of Ramsey's most common pieces of advice but it's also controversial. If your credit score is hurting, it may be better to use an online service that can help you determine which bills to pay off first to get your score back up.
2. Don’t try to justify frivolous purchases
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Rob Cunningham: Mission Abundance
9-7-2026
MISSION ABUNDANCE
Let’s play a game, shall we?
Let’s consider and then process a hypothetical 8 year scenario.
TNT:
Tishwash: An economist predicts the return of the 50 and 100 dinar denominations with the currency change.
Economic expert Mustafa Hantoush suggested on Sunday that the 50 and 100 dinar denominations would return to circulation if the currency change were to proceed, noting the possibility of issuing new currency denominations with stronger security features .
Hantoush said in a televised interview followed by Al-Sa’a Network that “the Central Bank may issue a new currency with advanced security features, with the possibility of introducing currency denominations less than 250 dinars, such as 100 fils .”
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OVERVIEW
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Labor Day Coffee with MarkZ. 09/07/2026
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
MZ: CBI on Currency changes, Erbil/Baghdad, Gold, a bold claim in Venezuela, the fog of war, and Plenty of bond rumors to start the week.
MZ: For a Monday on a holiday weekend I think we have pretty good news and rumors.
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Iraq’s financial landscape is undergoing a pivotal transition as state institutions work toward comprehensive economic modernization. Market analysts, economists, and international observers have increasingly turned their focus to the Iraqi dinar (IQD) and the broader policy adjustments managed by the Central Bank of Iraq (CBI).
Understanding these developments requires evaluating a combination of legal frameworks, currency circulation metrics, banking sector overhauls, and significant political milestones.
TNT:
Tishwash: Parliamentary Finance Committee: There is an intention to issue banknotes in denominations smaller than 250 dinars.
About the news
The parliamentary finance committee revealed that there is an intention to issue smaller denominations of currency than the 250 dinar note.
This measure comes as a result of what has been described as the currency not having changed for a long time and the occurrence of counterfeiting.
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Good Morning Dinar Recaps,
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KTFA
Sunday Video
FRANK26…9-6-26….CBI OFFICIAL ANNOUNCEMENT
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
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Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, interviews Bob Klein, Founder and Chief Investment Officer of Medici Capital.
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Good Afternoon Dinar Recaps,
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TNT:
Tishwash: Currency exchange offices closed at Baghdad airport; travelers warned of delays.
The Baghdad International Airport administration announced on Saturday that the Central Bank of Iraq has closed a number of exchange companies operating inside the airport, warning travelers of congestion and delays in currency exchange procedures .
The airport administration said in a statement seen by “Al-Sa’a” that “passengers whose travel requires them to complete currency exchange procedures must come to the airport early and well before the flight time.”
KTFA
Monday Night Video
FRANK26…9-7-26…..CURRENCY DEALERS TALK
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#