Dave Ramsey? Suze Orman? Jim Cramer? Who Cares.

Ok listen up humans! Even though I'm a cute cuddly doggy, I know a lot more than you might think about money/doggy treats. I've managed my doggy treats in such a way that now I have over $6,500,000 doggy treats. That's enough to last a little pup like me the rest of my life (or at least 20 minutes if I get REALLY hungry!)
The advice I will dispense will be full of only CRITICAL and VALUABLE information-- unlike a lot of popular financial counselors these days (hint-- see above title). Why do I disagree with those that so many people put their trust in? Well, for a couple simple reasons...

Dave Ramsey - If you listen to his show, you will find he is really a great human. It honestly sounds like he is trying to help people and I really respect him for MOST of his advice. However, there are several holes in his theories. The first of which is that someone should pay off their debts (credit card...etc) BEFORE they create a 6 month emergency fund. This just doesn't make any sense. Whether Dave agrees or not, it doesn't change the fact that credit cards are useful in stressful situations-- but credit card companies can drop you at anytime. While an emergency fund is cash! Cash! WOOF! CASH! Cash is KING! No one can take cash away from you in an emergency! If you spend all your time paying off debt, and then lose your job, what will you do? Will you turn to more credit cards (because you have no money you will default on payments and your credit cards will be eliminated). Then what will you do? You will have NO money to fall back on.
Also, he doesn't specify how big a person's emergency fund should be. Listen, everyone's emergency fund should vary based off of their job stability, status, and selection. This will be explained in future blog posts, but think about it... do you think it is easier to find a job at mcdonalds? or as an investment banker? Obviously the person working at McDonalds could probably get by with a 6 month emergency fund-- or possibly even less! However, the investment banker will have a VERY tough time trying to find a similar job if he was to lose his (as there are more jobs flipping burgers than managing investments). He might be out of work for over 12 months-- or worse-- more! The recent recession proved to us the importance of emergency funds. And it is IMPORTANT to tailor your emergency fund to your current situation!

Suze Orman - Don't even get me started on this woman. Her advice is so simplistic that anyone could dispense it. It doesn't take a rocket scientist to tell people who spend too much money how to get their spending under control (HINT-- SPEND LESS MONEY! *Slaps tail against head*). Not only does she give idiotic basic advice, but she touts her financial prowess to the world. This is just a fairy tale. She got a degree in sociology for gosh sake. Babysitters make more money than sociology majors. Give me a break. Even I make more doggy treats then her, and I spend most of my time in my pin playing with my chew toys.

Jim Cramer - Oh please, please, I am begging don't listen to this buffoon. There is an actual stock fund that shorts his investment recommendations. Almost every stock he talks about on his show goes down in value (maybe after the initial bump). I'm not even sure if he looks at fundamentals as often times his recommendations seem to be based on "feelings" alone. Would you take advice from a stock analyst who made all his predictions using a crystal ball? Woof! No! Then why listen to this guy? Please watch his show for AMUSEMENT ONLY.

And that's the doggy facts for today. Time for a walk! Woof!