My hubby and I recently completed Dave Ramsey’s course Financial Peace University. Many personal finance bloggers agree with many of Dave’s money principles, such as getting out of debt, saving an emergency fund, and investing as soon as possible. The one area where many PF bloggers seem to disagree with Dave is on the issue of credit.
“Don’t take financial advice from broke people. Do what rich people are doing.” – Dave Ramsey
Many millennials don’t know much about personal finance. High schools and colleges often don’t teach finance, and many millennials instead rely on the advice their parents give them. That may be valuable if your parents are rich and skilled at managing their money, but many parents aren’t.