Why Dave Ramsey’s Signature Advice Is Unbiblical

In episode 227 of “Dollars and Nonsense”, Nate Scott challenges Dave Ramsey's advice on money and retirement. Nate shares his own personal journey and struggles with the pursuit of financial security, highlighting the pitfalls of hoarding money and seeking it as the ultimate source of fulfillment.
By delving into biblical principles, Nate offers listeners a fresh perspective on wealth and security, urging them to build lives they don't have to retire from and to prioritize God's will over serving money.
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Key Takeaways:
Unbiblical Pursuit of Security: Hoarding money and seeking it as a means of security is unbiblical and unfulfilling.
Building a Life You Don't Have to Retire From: Nate advocates for prioritizing lifestyles that don't necessitate retirement, challenging the traditional notion of saving for the future.
Avoiding Rationalizations: Nate warns against justifying the love of money with religious reasoning, emphasizing the importance of discernment in financial matters.
True Fulfillment in Seeking God's Will: Nate underscores the ultimate source of security and fulfillment in aligning one's life with God's will, rather than serving money.
Chapters
00:00 Introduction and Personal Testimony
08:16 Dave Ramsey's Advice and Its Flaws
14:25 The Danger of Storing Up Money
18:09 Building a Life You Don't Have to Retire From
20:15 Avoiding the Love of Money
21:29 Final Thoughts and Exhortation

[@dannydodge1650]

Well said Nate , I know a few people who chased the money to hoard up but lost their family in return. I’d rather retire with my family around then to be rich and alone.

[@user-jr1jp3lx4r]

Many decades ago a very wealthy American man was asked "since you are a very wealthy man how much more will it take to make you happy?, (very poorly phrased by me}. His response was "A dollar more". Nate this was a very good pod cast today and being very poor growing up I admit that I have fallen prey to some of Ramsey's philosophies even though I have never listened to him.

[@maxwere]

Oh, you are in trouble now! Great take! I think the non-Christian problem with Dave's statement is that is presupposes we will consume the majority sum of our life's labors rather than build something eternal/continual through our offspring. Scripture is kingdom/generational/conventionally focused. Generational wealth also includes having offspring and disciplining them. In effect he's saying: you don't need to confess consumer idolatry, just defer your sin.

[@thelivingwealth]

Agreed. It’s easy to put righteous veneers on wrong motives…

[@pratapanurag757]

I landed on your video and it is really good, let me mention, this is not a completely cold comment.. pls don't mind but I saw on your channel, that you posted 200+ videos and you can surely improve your reach by following a healthy structure, are you interested talking about it over a free call?

[@zacharyhagen2307]

Nah, you missed the point. Dave Ramsey does not encourage you to find security in money. He encourages you to be a good steward. You’re not worth watching.

[@matt8578]

Dave Ramsey is a self professed Christian who tries his best to observe the bible, and that is very obvious by anyone who listens to him. Since your comment contains no love, grace or mercy, you are a poor reflection of who God is. As such, your comment is not worth..anything. I don't find Dave's advice useful or worth anything either, but that's ok. Not everybody agrees with Dave.

[@thelivingwealth]

I guess it all depends on your definition of “good steward.” If “good steward” means hoard up money in retirement programs so that one day you can life like no one else, then I’m sure he is spot on. I just don’t know if that’s actually Gods will for believers. But certainly that is better than living on more than you make, spending all your money in frivolous ways, and being deeply in debt and broke all the time. Not all that he encourages is wrong, but I think it tends to produce scarcity mindsets that can actually take people “from Egypt to Babylon” - out of one slavery (over consumption, in debt, and broke) to another form of bondage (primary reason to work is to save and hoard money). Just my thoughts. As I mentioned, it may just be me that struggles and everyone else is doing great keeping money in its proper place of importance in life! 😂