564
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 12 Apr 2024
564 points (94.9% liked)
Not The Onion
12543 readers
1171 users here now
Welcome
We're not The Onion! Not affiliated with them in any way! Not operated by them in any way! All the news here is real!
The Rules
Posts must be:
- Links to news stories from...
- ...credible sources, with...
- ...their original headlines, that...
- ...would make people who see the headline think, “That has got to be a story from The Onion, America’s Finest News Source.”
Comments must abide by the server rules for Lemmy.world and generally abstain from trollish, bigoted, or otherwise disruptive behavior that makes this community less fun for everyone.
And that’s basically it!
founded 2 years ago
MODERATORS
Set him up with a whiteboard and feed him actual, real figures and watch him fail to explain how it would be possible to do what he’s claiming.
No financial gifts or inheritances from parents to use as a deposit, no magical income that comes from starting a business, no magical windfalls from putting house deposit savings into the stock market, just regular old income and student debt.
If he can’t do this, he should be ignored by the financial media.
Here’s a little graph I whipped up. Dave Ramsay was born in Nashville, in 1960. So he would have been a little too young to buy in 1975, but you get the general idea.
Add to that, house prices have doubled since 2015. That's a decade old at this point.
He's just going to say invest in stocks to amplify your income.