Dave Ramsey: Buying a $300 Bat for 7 Year Old a Great Investment
NASHVILLE, TN—Many baseball parents are wondering if they should invest $300 in a bat for their Little Leaguer. In a recent interview on fiscal responsibility and investing in children, Dave Ramsey weighed in on this most important question. His advice? Buy that bat.
“Statistically speaking, .6% of all high school baseball players end up playing professional baseball,” explained Ramsey, a renowned financial guru. “Even fewer than that make it to the MLB. With odds like that, I think it’s definitely worth investing a few hundred dollars on a bat for your kid, even as young as 7.”
It’s been scientifically proven that the more expensive bat a kid uses, the better his swing is. Hand-eye coordination has also been linked to more expensive bats. Plus, the more expensive ones look cooler. After combining all of these benefits, chances of making it to make it to the MLB increase significantly to .7%. It appears Ramsey might be on to something.
“The way I see it, MLB players make a minimum of $555,000 per year. If you invest a few thousand dollars a year on baseball equipment every year for the next 10 years, that’s still a great return on investment. I can’t think of a better way to invest your money.”
Ramsey did give one slight caution for parents who are wise enough to take him up on this advice: whatever you do, don’t use a credit card.