The Financial Rockstar Podcast

When I first started listening to Scott Alan Turner and his Financial Rockstar Podcast, I thought, “Here is a guy with an interesting perspective.” He describes himself as someone who used to be “a money moron.” Now, he dishes out advice in a podcast that’s released three times a week. I don’t know how many questions he gets in any given week, but I suspect he records several answers at a time and breaks them up later. Just a theory.

What started off innocently enough has morphed over the last few months into something quite interesting. Mr. Scott tries so very hard NOT to name drop, but anyone familiar with other personalities in the financial world, can very easily tell who he’s talking about (which might be the point).

He’s called out Robert Kiosake and his craziness, but one person he’s talked about and hasn’t named is one Dave Ramsey. I, for one, find it equal parts hilarious and frustrating, because I truly feel like it would be better if Scott just came right out and debated the things he disagrees with. It would be more honest, for one.

I feel like by not calling Dave out directly, he’s walking on eggshells. And it makes his arguments sound a little argumentative at times. It also makes it that much more difficult for his arguments to make sense.

For example, in one episode, he talked about why the almighty credit score is important, and he started off the podcast by quoting three or four nameless folks, who could, no offense to them, be complete airheads. This was an easy conclusion to make because one of the people he quoted said they needed a credit card in case “their car breaks down or something and they need stay in a hotel for the night.” Because, you know, you can’t pay for hotel any other way (#sarcasm), and that also has nothing to do with your credit score. It made no sense in relation to the topic.

Luckily, he got called out on his vagueness, and in a following episode revealed that the people he quoted in the first show were financial planners and advisors like him. Now, if he had been honest from the get-go about his motives and agenda, his original episode on this topic may have not been so weirdly vague. And maybe the stories would have made more sense.

That’s just one example. But there are many. He did an episode about “people” who say the stock market average is 12%. Dave is well known for quoting 12%, even though recent studies revealed that the average return in the stock market is closer to just under 11%. Semantics. 😛

Mr. Scott has also slammed the ELP Program and Churchill Mortgage (things Dave recommends) several times. Mr. Scott says that the Yelp reviews for the mortgage company, that he described in great detail but wouldn’t name, are terrible, but I think Yelp is terrible because it’s very name encourages “yelping” and angry people are hard to trust. He also says that the “people” who promote this company and ELPs are given a lot of money to do so. This is very true, but this is a capitalist society.

Mr. Scott has also done a podcast entitled “Can You Get A Mortgage Without A Credit Score?” Come on, Scott. He did an episode a while back in which he compares the new YNAB with Mint and EveryDollar. He called them ALL out by name, and completely slammed the new YNAB. It was great. Not just because I also tried the new YNAB and came to the same conclusion that it’s a confusing mess, but because dear Scott was HONEST.

I would absolutely love for him to call out the parts of Dave’s teachings that he disagrees with by name, especially since they actually agree on a large number of things. I’m sure Scott has a certain amount of respect for Dave, hence why he walks on eggshells. It would be great for his listeners, however, for him (as someone who has experienced financial distress and learned the hard way) to really unpack the teachings of someone else who experienced financial distress and learned the hard way.

Scott going over what he agrees with and what he disagrees with and why would be a great resource for his listeners in the same way that the budgeting tools episode is a great resource. And it would be much better than this sneaking around that he’s been doing.

As far as I can tell, the biggest thing they disagree on is whether credit scores are pointless or not. Scott also believes student loans are “good debt” though he admittedly went to a too expensive college. I think he needs to talk to some people who are truly shackled by student loan debt. It’s not good debt. Ask anyone who has the student loan monster eating up part of their paycheck every month. And that was disappointing to hear from him. Methinks he forgets what it was like when he was paying off his own debt. I hope I never forget.

Given Dave’s popularity, it really does seem like Scott is on some kind of not-so-incognito campaign to speak on the areas he believes Dave is ignoring. Personally, I think this is great! For people to be the most informed, I think they need both sides. They need to know how poisonous debt products can be, but on the flip side, they also need to know how to use them responsibility if they do choose to use them.

So, if I could talk to Mr. Scott (and I keep saying mister because it’s making me laugh), I would tell him to just please be honest. Stop walking on eggshells. Stop worrying that you’re going to offend someone. You have a voice. Use it. 🙂

Hi ^_^