tag:blogger.com,1999:blog-7697346868847441407.post-4803402272332837772008-04-09T08:35:00.000-07:002008-04-09T08:35:00.000-07:00Sure, people make lots of money doing this stuff all the time. I won't argue the math at all, and I'm glad your friends are doing this and haven't been hurt.<BR/><BR/>I'll try just one more time to communicate what I'm trying to say. The big thing your math doesn't account for is the cancer diagnosis. Or the spouse killed in a car accident. The job layoff. The rental that suddenly has a bad foundation. A child born with disease. And when two or more of these happen within months of each other, and they do all the time, people find themselves buried, and that good debt suddenly becomes the proverbial straw.<BR/><BR/>I'm not saying we should live in fear, and I'm not trying to be negative. In fact, I'm positive that tragedy and loss will strike most of us. It's just a matter of time. How we live financiall will greatly impact our ability to get through those times.<BR/><BR/>Back to Dave Ramsey. At age 25 he was worth 4 million dollars, living and leveraging just like you suggest. By age 29, bankrupt. Why? Did he do something wrong? Did leverage incorrectly? One thing went south, and then another, and they snowballed, and he lost everything, nearly losing his marriage in the process.<BR/><BR/>That's what I mean about the real world. Ramsey has been counceling people for 20 years since then, so I bow to his experience and wisdom. <BR/><BR/>Maybe life won't happen and you'll end up with millions. I certainly hope so. But if you give Murphy too many unlocked doors, he'll find a way to slip into the house.<BR/><BR/>By the way, Dave teaches people how to invest, too. He just doesn't borrow money to do it.Shaun Farrellhttp://www.blogger.com/profile/14381312097363567986noreply@blogger.com