Let’s weigh in on a few of his ideas.
Is permanent life insurance always bad? No. He is wrong on this. Term insurance is best for most people, but not all. Given his audience, he is giving good advice, but should clarify the issue further.
Is Dave Ramsey right on the “buy and hold for the long term” strategy? No. The numbers suggest that this is a poor way to invest. The S&P 500 outperforms around 90% of all mutual funds. The numbers suggest that one must be actively involved and understand cycles in order to make consistent investment gains.
Is Dave Ramsey right on 401(K)s and 403(B)s? Partly. The numbers show that you should contribute only up to the employer matching amount. Outside of this amount, these plans often do not make sense.