GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you could read more about oureditorial guidelinesand our products and servicesreview methodology.
Here are themajor areas where Dave Ramsey and Suze Orman find common ground.
Avoid New Car Purchases
Both experts strongly warn against buying new vehicles.
As Ramsey noted, Most millionaires dont drive flashy cars.
When people dont waste money to look wealthy, they have money to actually become wealthy.
Orman agrees, stating, Your goal should be to buy the least expensive car.
That should steer you to a used car rather than a new car.
They agree this money should be strictly for emergencies and not used for planned purchases or down payments.
So, once you put thatmoneyin there, do not touch it unless its a real emergency.
And then, you must replenish it afterward.
Theyre relatively safe and a smart choice for any investor.
The two have also built their careers helping people get out of debt situations.
The key is finding which of their shared principles works best for your specific situation.
More From GOBankingRates
Share This Article:
