Dave isn’t afraid to tell someone the tough truth about their financial self-sabotage. America’s consumer addiction is killing our future, and it’s a major reason why people aren’t saving more.Ī bearer of bad news and purveyor of hope and motivator. While we can’t confirm the statement above originated with Ramsey, it’s spot on and painfully true. In Dave’s Total Money Makeover, he writes, “We buy things we don’t need with money we don’t have to impress people we don’t like.” The futility of keeping up with the Joneses is a theme that Ramsey hammers home often, and it’s a point worth making. Here are ways Ramsey truly helps his audience:ĭave is a debt-busting critic of consumer lifestyles. And while we admit there’s plenty to criticize, there’s a lot to appreciate as well. Today, we review the pros and cons of Ramsey and his advice. His recommendations about some products and strategies such as whole life insurance are flat-out flawed.Īnd yet… it’s hard to throw a stone in a crowd without hitting at least one Dave Ramsey fan. Dave’s advice doesn’t always make mathematical sense. If you’ve ever been to a Truth Training with Todd Langford-a 3-day deep dive into using Truth Concepts financial calculators with my husband, who developed the calculators-you might know we’re not big Dave Ramsey fans. And over 5 million people have gone through his Financial Peace University program.Īdvice, however, doesn’t have to be correct to be popular!
His radio program and podcast are heard by 14 million weekly. His Total Money Makeover is one of the best-selling personal finance books of all time. These are people who have been largely neglected and forgotten by a financial industry that isn’t compensated to help them.Įnter Dave Ramsey.
After all-they lack funds to invest and it doesn’t make sense in their case to pay a fee for advice. Many may never meet with a financial professional.
Many people are buried in consumer debt, living paycheck to paycheck. Financial advisors, planners and money managers don’t typically do a good job of serving the working class.
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“Ramsey is the pro bono financial adviser to millions of Americans who otherwise could never afford one.”
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