Dave Ramsey Reviews
Dave Ramsey is a well known debt solution expert and financial consultant that's authored fourteen books, hosts a national radio show, and runs a financial consulting firm.
How Does it Work?
The majority of his programs focus on overcoming debt through a variety of debt management solutions.
On the subject of debt Dave Ramsey speaks from experience and shares his own rollercoaster history with money. By age 26 David Ramsey had accumulated a real estate portfolio that was worth millions of dollars.
However, much of his success relied on a cycle of borrowing money, consequently new tax legislation limited his ability to proceed with his business practices; this ultimately forced him into bankruptcy.
After suffering a huge loss, Ramsey began his slow climb back onto his feet. He was providing financial counseling and eventually developed the basis for his debt eradication programs. This led him to create The Lampo Group, his own financial consulting firm.
David Ramsey can be heard offering financial advice through his radio show and at several of his websites. His show has been singled out for several awards due to his unique approach in taking calls. He's known for talking to people in a way that reaches them more than just simple financial advice could.
On the subject of debt and actual financial advise David Ramsey's major point is to avoid debt at all costs. His motto is "you shouldn't buy it if you can't afford it."
He has taken his hatred of debt and credit card companies to an extreme level as he won't accept credit card payments on his websites.
Dave Ramsey is most known for promoting two financial strategies, the "Baby Steps" and his "Debt Snowball". The Baby Steps force you to confront your financial situation and begin the process of eliminating debt, increasing savings, and positioning yourself to make smart investments.
The Debt Snowball is Dave Ramsey's method of paying off debt with the smallest balance first.
This strategy has been criticized because you would technically save more money and pay debts of faster if you started paying the highest interest rate debt first. However, he acknowledges this fact and counters it with a logical explanation.
Ramsey says that the majority of people feed of the positive reinforcement they get by completely eliminating one debt payment.
Thus it may end up costing more in the long run, but if the psychological factor keeps you from straying of your debt elimination plan then it's worth the extra cost.
If you have any experience with Dave Ramsey or his products, please leave your reviews below.
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Dave Ramsey Customer Reviews
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THANK YOU DAVE RAMSEY!!!!
This is my review of the Dave Ramsey FPU. First, I've always wanted to personally order it, but I couldn't afford it; so I prayed about some way to get it. My neighbor was the answer (through the good Lord providing),by giving me his copy that he didn't want anymore. The only difference I have with the program is the Snowball Debt. I have an old fine from the 90s that I need to pay off first, because as long as I "have an outstanding balance" I'm charged, legally by the State's legislation, to automatically get charged an extra $10/month.
So I do side gigs, several of them, and help out my maintenance man around my complex($5/wk). I save up the $5/wk to pay the fine monthly payment. The side gigs I have two separate areas where I don't touch the money, unless needed.: PayPal and a SoFi account. I've also stopped my frivolous spending as much as possible (cut down on sodas, one of two addictions) and I'm in the process of quitting smoking soon (by my birthday in a couple of months).
To be honest, I wouldn't have gotten this far without starting the FPU program. And by the way, with SoFi, since I don't use the direct deposit, I'm only eligible for the 1.20% on both the checking and savings accounts. Also with SoFi, every 7 days you sign in, you get 10¢ by SoFi as a reward. In January this year I got my first int dividend on the checking account.
Long story short, I'm a little bit further discipline wise then I've always have ever been before on my money management.... Thanks to Dave Ramsey and FPU. #THANKYOU #DAVERAMSEY #FPUWORKS #REQUIRESDISCIPLINE
P. S. I also use the free version of #EVERYDAYDOLLAR
Dave Ramsey? NO THANKS!
Dave Ramsey is no magician, and he has not stumbled upon anything novel. He just markets his scheme better than most. He wraps it up in the pages of the Bible and peddles it to hapless Christians.
My wife and I did the Financial Peace "University" at church, and it was mostly USELESS. Other than the section on budgeting there wasn't much there for us.
Dave Ramsey's advice seems tailored mostly to poor and uneducated people. Debt is often a necessity if you want to grow a business. As long as you borrow RESPONSIBLY you will probably be ok.
I would like the Exalted Mr Ramsey to share with us how much he borrowed or currently borrows to finance his business. He seems to want all these clueless chumps to shell out cash to him while he lives like a king.
I am also not crazy about how he quotes common anecdotes as though they are his own. Back in 2004 I chose the route offered by Robert Kiyosaki. I invested in rental property, and I am now semi-retired.
Please, do yourself a favor and read "Rich Dad, Poor Dad." Also, do some research on how Dave Ramsey ACTUALLY became rich.
And, try this FREE advice:
- Know how much you earn
- Know how much you owe
- Consider getting a second job if necessary
- Invest a minimum of 5% each month in an IRA
- Shop at discount stores
- Track ALL your expenses
- Stop buying what you don't need
- Get eight hours of sleep each night
You are the owner of your LIFE, no one else!!
I put a 5 star because I am dealing with a D Ramsey coach currently! I can't really tell what will happen as I'm only three weeks in. I just decided to look up Ramsey to see what was being said!
I've had good reviews from family and friends on the coach I'm dealing with. So far, so good and I am a person with not any huge amount of debt but for my entire life I just winged the financial side of life! Work to get by however my last job was so unsatisfying I quit and went with my heart instead.
The money is unpredictable as I'm mostly self-employed. What's interesting is reading the other reviews of people blaming Ramsey for their perspective on life in general. WE are the sole RESPONSIBLE person for our lives and what we choose Ramsey has a method and is sharing it, take it or leave it but don't blame him for your inability to change your points of view! Interesting.
I will check back once I've had more coaching under my belt and write another review!
Ramsey bait n switch
I work in the financial service industry and I was fine with money (very little debt, large emergency savings) until I was hit with a tsunami of events- major car accident that left me hospitalize, extreme drops in income, major home repair issues, sudden loss both family cars, major family health issues- all events within 4 months of each other.
David Ramsey gave me a sense of direction with his baby steps. I had to swallow my pride as a financial adviser and accept that I need to learn to do things differently. I am very grateful for his insight and the Financial Peace University for restoring a sense of peace into my and my family's life.
My God man, you must be a Democrat and crazy
my son died because of Dave Ramseys brutal ( cult ) BS
You are a great blessing to all of us David!
May God bless you more and more!
Google "Dave Ramsey and Timeshare Exit Team." It is pretty amazing.
I am not sure that it is fair to the kids to go on an extreme cheapskate budget that leaves out vacations and dining out.
You should have something in your budget for enjoying yourself. That is unless you cannot pay your bills. Broke people should not go on vacation in the first place.
Henry I'm interested to see what happened with you!?
My son was brain washed to thinking he had to not only be the sole supporter of his family and get his masters and pay off his house by 39 and get his kids college paid for... My son committed suicide June 29th, 2017. I solely blame Dave Ramsey. My son was not mentally ill. Dave Ramsey Brainwashes our young adults. Dave Ramsey is the only one on the golf course or on his private yacht from his course and books.