Evolving Personal Finance » Entries tagged with "Ric Edelman"

Budgeting Is a Waste of Time

Budgeting Is a Waste of Time

On a recent episode of The Truth about Money, Ric Edelman mentioned that one of the key principles of their financial advising practice is that “budgeting is a waste of time.”  I really respect the financial advice I’ve heard on his radio show and read in his books, particularly their argument to keep your mortgage forever.  Therefore, it was a little surprising to me to hear them say that such a bedrock principle of my … Read entire article »

Filed under: budgeting

Budgeting, Tracking, or Neither?

Budgeting, Tracking, or Neither?

I’ve added a new podcast to my rotation – Ric Edelman’s The Truth About Money.  I don’t know how well-known RE is nationally, but he works in the area where my parents live so I’ve heard of him a few times.  He has a totally different money philosophy than Dave Ramsey (low-interest debt is great!) so I started listening to it to safeguard against becoming brainwashed by DR.   During last week’s show the hosts were discussing … Read entire article »

Filed under: budgeting, goals, podcasts