Does your collection have a salary cap?

[Doug]

Originally Posted by Section103

Bizarre advice from Ramsey given that he's tying a cumulative balance (your collection) to an annual amount. It's a bit woeful for people who: a) have been collecting for a very long time or b) have lots of wealth, but smaller income.

I'm guessing he's trying to say you shouldn't have more than 10% of a year's take home pay tied up in a hobby because otherwise you might end up with someone that makes $30k a year with a $100k baseball card collection that they have accumulated over the years when he would suggest that you limit the collection to $3k and it would be better to put the other $97k toward retirement, mutual funds, putting the kids through college, paying off the house, etc. I would tend to agree with you that everyone's situation is different and it's their money so they can do whatever they want with it.