Truth Concepts: The True Cost of Paying Cash (3 of 8)

Find out more at www.truthconcep...
What is Truth Concepts™?
Truth Concepts™ is desktop software that analyzes the impact of various financial choices. It includes over 20 multi-faceted functions - a suite of a sixteen calculators additional tools and tables of historical information (such as tax rates.) Truth Concepts™ lets you evaluate the effectiveness of limitless financial options.
Truth Concepts™ CEO and developer Todd Langford has been on the forefront of financial software development and training for over 25 years. Considered by many to be industry expert and "go to guy" for financial software, Todd has trained thousands of professionals to use financial software effectively.
Todd has been "Telling the Truth" and shifting paradigms about all things financial since 1986 when his first financial calculators caused him to have his own paradigm shift. A computer tech at the time, Todd had been hired by Norman Baker, a successful financial advisor, to develop calculators that would prove/disprove the validity of certain financial strategies.
Convinced that advisors were leading clients down the wrong path with certain financial strategies, Todd and Norman set out to prove the truth... with calculators.

[@thekatephillips]

Lol... “He’s going dove hunting!” But so true that it is easier to spend the cash than it is to save it.

[@Smitty107269]

This is a terrible video and a VERY one-sided analysis. You are largely exaggerating to try and prove your point. First of all, Dave Ramsey would never recommend buying a car every 2 years. Secondly, if you are, there is trade value for each of those cars every time you upgrade every two years, which would likely cut your "cumulative auto costs" by 60-70%. Secondly, car insurance increasing by 6% annually compounding for 35 years? That's ridiculous. You think they'll be paying 15K+ per year in car insurance down the road? Um, no. Lastly, what person who is trying to build wealth is going to spend 1.6 million dollars in vehicles over 35 years? Go back and redo this with real numbers and stop trying to pull the wool over peoples eyes. The sad part is that there are probably lots of well intentioned folks who will fall for this. There is an argument to be made here, but please use realistic numbers.

[@TheDwaynewilliams]

Could we all stop putting Dave Ramsey at the same level of God. Using your hard Earning cash to purchase Anything will kill your savings. Find someone who has this calculator and plug it in yourself, numbers never lie but people do( intentionally or not).

[@fromrussiawithlove-inusa4275]

@@TheDwaynewilliams Great idea. They might be a bit too off with numbers. However, you can always plug your own numbers and see your own truth.

[@scottvignere3518]

Typical Ramseyite. You totally missed the whole concept.