Dave Ramsey Biography
Dave Ramsey is a personal finance expert, radio show host, author, and businessman from the United States. He is an evangelical Christian who broadcasts The Ramsey Show, a widely syndicated radio show.
How old is Dave Ramsey? – Age
He is 61 years old as of 3 September 2021. He was born in 1960 in Antioch, Nashville, Tennessee, United States. His real name is David Lawrence Ramsey III.
What degrees does Dave Ramsey? – Family
Ramsey was born into a family of real estate investors. He was a member of the ice hockey team at Antioch High School. Ramsey completed the real estate exam at the age of 18 and began selling property while attending The University of Tennessee, Knoxville, where he obtained a Bachelor of Science in Finance and Real Estate.
Who is Dave Ramsey’s Wife? – Marriage
Ramsey and his wife Sharon Ramsey have been married since 1982. They have three children: a son Daniel Ramsey, and two daughters; Denise (Ramsey) Whittemore, and Rachel (Ramsey) Cruze. Cruze is employed at Ramsey Solutions.
Who is Dave Ramsey’s Daughter?
His daughter Rachel Cruze, born on 4 April 1988 is a personal finance author that specializes in the area. In 2014, her book Smart Money Smart Kids, which she co-wrote with her father, Dave Ramsey, hit number one on The New York Times Best Seller List.
Is Dave Ramsey a Billionaire? – Net Worth
He has an estimated net worth of $200 Million. Ramsey was earning a quarter of a million dollars a year and had a $4 million real estate portfolio when he was 26 years old. Ramsey has a rental property portfolio in addition to mutual funds. His real estate investing concept is to purchase properties without using loan finance. Ramsey has come a long way since declaring bankruptcy in his adolescence. He’s living proof that anyone can recover from a difficult financial condition, with a net worth of $200 million.2
Ramsey amassed his first million, lost it, and then rebuilt an even larger fortune in a short amount of time. His initial success was fleeting, and he filed for personal bankruptcy at the age of 28 in 1988, owing to the acquisition of his largest lender—to whom he owed $1.2 million—by a larger bank. Ramsey was given 90 days to pay off the total amount by the bank. Another bank called his $800,000 worth of notes shortly after he received his first demand notice. Ramsey was able to pay off the most of the debt, but $378,000 remained.
What are the 7 baby steps of Dave Ramsey?
Ramsey’s 7 baby steps are; Save $1,000 for Your Starter Emergency Fund; Pay Off All Debt (Except the House) Using the Debt Snowball; Save 3 to 6 Months of Expenses in a Fully Funded Emergency Fund; Invest 15% of Your Household Income in Retirement; Save for Your Children’s College Fund; Pay Off Your Home Early and Build Wealth and Give.
How much does Dave Ramsey Earn? – Salary
He earns an annual salary of $15 Million.
Dave Ramsey COVID-19
A complaint was made in December 2020 saying that caterers for the Ramsey Solutions Christmas party at its corporate offices were told not to wear masks or gloves while serving. Ramsey Solutions has rejected all charges, claiming that the lawsuit is “totally untrue.” Ramsey allegedly violated a former employee’s religious freedom by terminating him after he implemented scientifically recommended COVID-19 safeguards.
Dave Ramsey Books
Ramsey has published six children’s novels and five adult books, three of which were New York Times bestsellers. In 2015, he was honored by the National Radio Hall of Fame.
Dave Ramsey Career
Ramsey went through a period of financial recovery and started giving financial advise to couples at his church. He created the Lampo Group, a financial consulting firm, in 1988, and his first book, Financial Peace, was self-published in 1992. Ramsey began hosting The Money Game on radio station WWTN/Nashville in 1992 as one of three alternating hosts. The Dave Ramsey Show, Ramsey’s daily three-hour call-in financial advice talk show, evolved from the show.
Ramsey’s nine-lesson, $129.99 video-based personal finance course, Financial Peace University, began in 1994. Ramsey’s financial column was published by the Gannett newspaper group, but it was discontinued after it was discovered that Ramsey had changed the names on the letters he was responding to. He offered to reimburse them for their money.
From 2007 through 2010, The Dave Ramsey Show aired on Fox Business Network. Ramsey Solutions was renamed The Lampo Group, Inc. in 2014. The company’s headquarters are in Franklin, Tennessee, and it just constructed a new 47-acre site there. Ramsey recommends listeners to start paying off debt by adopting the debt snowball strategy, which involves paying off the smallest bills first.
Ramsey is adamant about not using credit cards. He occasionally pulls out his wallet during live performances to reveal the “only four pieces of plastic” he carries: a company debit card, a personal debit card, a driver’s license, and a concealed-carry permit. Ramsey urges families to use cash and recommends that they employ an envelope system, which involves putting a cash allocation for each month’s food, entertainment, and other expenses in separate envelopes and then spending just what is in the envelope. He advises against taking on student loan debt and dismisses the notion that student loans are essential for college as a “fiction.”