March 29, 2009

  • That was a difficult venue in which to take photos.

    Tried both the digital camera and the cell phone, but big ol' places seating 10K simply are hard for my cameras to handle.  Still, I tried.  Got there quite early - around 11:10 a.m., twenty minutes before the doors opened and when they said 11:30 a.m. they meant it.  Stayed in my car and ate a pastrami-on-pumpernickel sandwich I'd brought, as there wasn't any food allowed inside, then ten minutes later joined the few hundred people waiting.  Turned out the line I got into was the same one as Jana and Dave, the friends through whom I got my discounted ticket.  Here's Dave waving from the seats they'd bagged:


    As I'd said in a previous post, it was held at The Potter's House, which is T.D. Jakes' establishment.  It's huge, seating 10K!  And only two small restrooms on the upper level where we were (the general admission area).

    Here's a photo of both Dave and Jana.  Dave was one of Don's best friends, and spoke first at his memorial service, with Jana speaking too:


    Tell you what, Dave Ramsey's fans tend to be on the fanatical side!  You'd have thought he was Elvis and Frank Sinatra and the Beatles all rolled into one, based on the uproar when he appeared on stage.  He does give a good program, and I was wishing heartily that the kids were there to hear him.  The man speaks sense.



    Of course, being in the equivalent of the coach section of an airplane, I mostly watched him on the big screens, as he was an itty-bitty figure on the stage.


    There was much hawking of his books and classes, etc. but I didn't purchase anything.  The basic program is really pretty simple:

    1. Save $1000 for an emergency fund.
    2. Pay debt down by the "debt snowball" method, i.e. pay off the smallest loans first, then work on the larger ones as more money's freed up to do so.
    3. Save the equivalent of 3-6 months expenses, aka: fully funded emergency fund.
    4. Put 15% of your income - and when he says 15% he means 15% - into Roth IRA's and pre-tax retirement.
    5. Set up college funds (if applicable).
    6. Pay off mortgage.
    7. Invest in mutual funds and real estate, and practice philanthropy.

    That's it.  Presumably the latter steps can get more involved, but the beginning steps are fairly simple.  You're supposed to hold garage sales, get a second job, whatever is required, to get those first three taken care of.  And those steps are in order.  FIRST work on getting the $1000 set aside and only then move on to the debt snowball.  When an emergency arises so the fund gets dipped into, forego the debt snowball until the $1000 is back in place.  Once all debts except the mortgage are paid off, then work on the fully funded emergency fund. 

    Anyway, it was quite a valuable afternoon.  I learned a lot.  ;^)

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