Dave Ramsey Just Shared His Top 10 Money Traps To Avoid — and You’ve Probably Fallen for Most of...

I feel that a couple of his items are accurate for people that have no financial discipline and buy beyond their means but not if you fiscally responsible.

Agree/Disagree on his take with Debt Consolidation Loans - I think it's a great step for someone to get a handle on their debts, wipe off the balance on high-interest credit cards, etc. But, he's absolutely right regarding the attitude of the individual. If you're just going to continue with the behavior that got you in large amounts of debt in the first place, then all it's going to do is enable you to take on more of it.

Regarding credit cards, agree with the sentiment, but not if you have some rigor. I pay for almost all of my purchases on a credit card - but then pay the balance off at the end of the month. if you have no financial discipline, the you need to cut those things up so you're not tempted until you get your pocketbook in order. If you DO pay off the balance, then there are many advantages - extended warranties, cash back, points for whatever, etc. - depends on the bank and the card.

Other than those two, completely agree on the rest of the advice.

I keep a credit card. I use it to gain points for airline travel buying th8ngs I would have bought anyway and pay it off each month while gaining travel perks. Recently a round trip to AZ cost about $12. Thank you to whoever was flying.

LTC Eugene Chu thanks for the share.