I disagree completely. Dave Ramsey isn't a hack for the credit card company. Suzie Orman is. She's got a deal with FICO.
Dave's advice: sell your new car, buy a clunker while you are in school. Live on rice and beans. Rent, don't own for now. I don't think you've ever listened to Dave because he regularly refers to collection agency as " scum "
Dave's advice is watch what rich people do. The average millionaire drives a car that's 2-3 years old. Warren Buffett is rich. He does not advise penny stocks. go ahead and buy a penny stock and not only do you risk watching it decrease in value, but drop off the trading board completely.
Warren buffet recommends simple index funds. I've got my money tied up in some CD right now and I could kick myself for it. They're paying about 2.5 % in the next six months and many people are predicting the Index will increase up to 30% in the recovery period.
Try watching the movie " Maxed Out " Cut your debt. Suze is in bed with FICO ( and that's probably the only man she's ever come close to being in bed with in her entire life if you know what I mean)
Index funds with Vanguard. Their expense ratio's are low.
Also, I don't know what your health insurance is going to be like in school, but health savings accounts aren't bad either. they're a nice tax break and the proceeds are not taxable.
check out
www.hsabank.com You can get a debit card with it, then pay for birth control pills with it while in school, because I sure as hell don't recommend starting or adding to a family until you've been in this business 5 years.
You've probably seen by now, most poor people bred themselves into poverty.