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- Part One: Credit Cards from Chaos to Confidence
- Part Two: Credit Cards from Chaos to Confidence
- Part Three: Credit Cards From Chaos to Confidence
- Part Four: Credit Cards From Chaos to Confidence
- Part Five: Credit Cards From Chaos to Confidence
- Part Six: Credit Cards From Chaos to Confidence
- Part Seven: Credit Cards from Chaos to Confidence
- Part Eight: Credit Cards from Chaos to Confidence
- Part Nine: Credit Cards from Chaos to Confidence
- Part Ten: Credit Cards From Chaos to Confidence
- Part Eleven: Credit Cards from Chaos to Confidence
- Part Twelve: Credit Cards from Chaos to Confidence
Gurus Said What? – The Gurus on Credit
Dave Ramsey says debt is dumb. Suze Orman says it’s dangerous. Robert Kiyosaki? He says debt can make you rich. So.. Who’s right?
We Make Money Make Sense
Meet The Gurus
Who are they and where do they stand on debt?
No debt. Ever. His entire system is built around avoiding all consumer debt – including credit cards and car loans.
Cautious. She acknowledges that debt exists and can be manageable – if used intentionally and sparingly.
Strategic. He uses the concept of “good debt” – money borrowed to invest in cash-flowing assets like real estate.
Check out our Gurus Said What!?! YouTube series
THE GURUS’ DEBT PHILOSOPHIES
Dave Ramsey says :
“The borrower is slave to the lender.” – The Total Money Makeover
Suze Orman says:
“If you’re going into debt, you better be crystal clear on how and when you’ll get out of it.”
Robert Kiyosaki says:
“There is good debt and bad debt. Wealthy people use other people’s money to grow wealth.” – Rich Dad Poor Dad
THE MAPS WAY – OUR COMPARISON
M – Mindset
- Ramsey: Emphasizes fear and discipline.
- Orman: Encourages caution and awareness.
- Kiyosaki: Focuses on confidence and control.
- MAPS: Builds confidence through clarity, not extremes.
P – Prioritize
- Ramsey: Prioritizes being debt free above all.
- Orman: Prioritizes security and stability.
- Kiyosaki: Prioritizes cash flow and wealth leverage.
- MAPS: Prioritizes your values – not someone else’s rules.
MAPS doesn’t say “never” or “always”. It asks: what’s your goal, and does this debt move you closer or farther from it?
YOUR TURN
Which mindset have you followed in the past – no debt, cautious debt, or strategic debt?
What worked for you? What didn’t? Share in the comments – we love seeing how real people navigate this journey.
So Now What?
Wondering how to make credit work for you instead of against you?
We’ve got tools to help:
Our FREE eBook Credit Card Confidence will walk you through the whole system – from card selection to repayment.
Our free quiz – Discover Your Credit Card Type and What It Says About You – will help you find the best type of credit card for your goals.
You don’t need a guru. You need a game plan.
Thanks for checking out our Gurus Said What? series – where we compare popular advice with your real life and the MAPS framework to help you make confident, simple money decisions.
Until next time, keep it simple, stay intentional… and follow your MAPS.
Friendly Disclaimer – Just So You Know
Our Gurus Said What? series is meant to educate, not imitate. We’re reviewing public ideas from well-known financial voices and offering commentary through the lens of our MAPS framework.
This use is protected under Fair Use (Section 107, Copyright Act) as it’s transformative, non-commercial, and educational.
We aren’t endorsed by or affiliated with any of the gurus we discuss — just giving credit where it’s due and ideas where they help.
At Economic Simplicity, we share tools and stories to help make money make sense – but it’s not personal financial advice. Always do what’s right for your unique situation, and consider talking with a licensed professional you trust.
