4 Dave Ramsey Tips You Should Stop Following in 2023

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Dave Ramsey is a well-known financial expert and he's given some great advice, including his suggestions on which retirement account to invest in and why you should steer clear of borrowing for a new car.

But, Ramsey has also given some very bad advice. And if you're considering how to manage your finances during the upcoming year, here are four Ramsey suggestions you should absolutely stop listening to ASAP.

1. Don't worry about your credit score

Ramsey has repeatedly said you shouldn't care about your credit score. Essentially, he believes that only people who have a lot of debt have good credit and that you're better off just steering clear of borrowing.

There's a few problems with this advice. First, you're probably going to have to borrow money some time -- such as to buy a house. And while Ramsey said lenders will do "traditional underwriting" and look beyond your credit, this isn't always the case.

Your credit score also matters for other things, like renting an apartment or getting affordable insurance. You need to care about it, and if you're listening to Ramsey and not paying attention to whether your credit score is good or not, you should stop following this advice right now and start working on earning a score that opens doors for you.