Dave Ramsey is a personal money management expert, popular national radio personality and the author of three New York Times bestsellers – The Total Money Makeover, Financial Peace Revisited and More Than Enough. In them, Dave Ramsey exemplifies his life’s work of teaching others how to be financially responsible, so they can acquire enough wealth to take care of loved ones, live prosperously into old age, and give generously to others.
Dave Ramsey knows first-hand what financial peace means in his own life, having lived living a true rags-to-riches to rags-to-riches story. By age 26 he had established a $4,000,000 real estate portfolio, only to lose it by age 30. Dave Ramsey has since rebuilt his financial life and now devotes himself full-time to helping ordinary people understand the forces behind their financial distress and how to set things right - financially, emotionally and spiritually.
Dave Ramsey offers life-changing financial advice as host of a nationally syndicated radio program, "The Dave Ramsey Show," which is heard by three million listeners each week on more than 300 radio stations throughout the United States. Dave Ramsey's syndicated column, “Dave Says” currently has a circulation of more than 5,000,000 in publications worldwide.
Dave Ramsey is the creator of Financial Peace University (FPU), a 13-week program that helps people dump debt, get control of their money and learn new behaviors with money that are founded on commitment and accountability. More than 260,000 families have attended FPU classes at their workplace, church, military base, nonprofit organization or community group. The average family pays off $5,300 in debt and saves $2,700 in the first 91 days after beginning FPU and is completely our of debt – except for their mortgage – in just 18 to 24 months.
Dave Ramsey created a group of products in an effort to teach children about money before they have a chance to make mistakes. Financial Peace for the Next Generation is an all-inclusive school curriculum that is currently in more than 1,500 schools across the country. Financial Peace Jr. is an instructional kit designed to help parents teach their young children about working, saving and giving their money. Through Dave Ramsey's entertaining children's book series, The Super Red Racer, Careless at the Carnival, The Big Birthday Surprise, My Fantastic Fieldtrip, A Special Thank You and Battle of the Chores, children learn about working, saving, giving and spending money.
Dave Ramsey earned his Bachelor of Science degree in Finance and Real Estate from the University of Tennessee. A frequent speaker around the country at large-scale live events, Dave Ramsey is a passionate and inspiring presenter who is at ease on both sides of the mic. More than 500,000 people have attended Dave Ramsey's live events.
Dave Ramsey resides with his wife, Sharon, and their three children, Denise, Rachel, and Daniel, in Nashville, Tennessee.
Dear Dave, Where should you save for large expenditures when youre doing the Baby Steps?
Dear Dave, Im currently a senior in college. Im completely debt-free right now, and I am wondering what I should do to stay this way after graduation. Cary
Dear Dave, My wife and I are in our twenties. We have no debt and $50,000 in the bank. Our income is $90,000 a year, and were cautious to live on less than we make. Still, we cant seem to get motivated to make a budget. How can we get inspired to do this?
Dear Dave, Were debt-free including our home. My husband is a man of faith, but a bit of a dreamer. He has written several inspirational books that havent sold, but he feels this and public speaking are his calling. He wants us to sell the house, and live on the proceeds for a year, while he pursues this dream. What do you think of the idea?
Ive been in my current job for five years. Ive also had a second job for three of those years, but now Id like to make a change.
Dear Dave, I recently applied for life insurance for the first time with a child rider. The insurance company denied my request for the rider portion because my son has hemophilia. Do you have any suggestions or advice?
Dear Dave, I have a question about budgeting. I give myself and my husband $150 a month each for blow money to be used on whatever we want. Im upset because he spends all his eating out, then he buys other things he wants that he has no money for. Am I being too stingy?
Dear Dave, My husband and I have been following your plan. We just paid cash for our new home after selling the old one, so were out of the Baby Steps. But weve still got about $50,000 in student loan debt hanging over our heads. We make over $100,000 a year combined, so how would you suggest handling this?
Having a positive attitude is great, and dreaming about the future is essential. But you cant stop with just dreaming. Neither one of these will get you where you want to go, unless you roll up your sleeves and map out a step-by-step plan.
Dear Dave, Ive been following your plan, and I have my emergency fund in place and am investing in mutual funds. Recently, a financial planner recommended bonds to me. What is your opinion on this?
I was recently notified that I am one of the beneficiaries of a class action lawsuit against a previous employer. The amount I can receive is just $200, but I dont feel like this past employer wronged me in any way.
Dear Dave, My wife and I are on Baby Step 3 of your plan. Were also saving up to buy a car with cash. Were about $3,000 away from our goal, but now my wife wants to go ahead and finance the rest.
My husband and I are 28 years old. Were completely debt-free, and we each have great jobs. We dont talk a lot about this kind of stuff, because weve found it causes other people to treat us differently. We realize how incredibly blessed we have been, so we always try to give God the credit, save, tithe and give regularly, and not brag about these things. How would you recommend handling a situation like ours?
Dear Dave, We have two girls in competitive gymnastics, and its costing $12,000 to $15,000 a year at a professional gym to do all this. My wife and I both work, and we make about $115,000 a year, but virtually all of her income goes toward paying the gymnastics bill.
Running a business can be scary. You put your heart and soul into your company and cant imagine doing anything else.
You want your kids to associate work with money. I still meet people my age and older who havent made that connection.
When I made the decision to get intentional with my money, I just used cash. Its hard to spend it when you dont have any on you.
Events like this make you realize the need for proper planning, but dont ever prepay for them.
We've heard a lot about how far behind Americans are in saving for retirement, but we don't often hear many solutions that the average family can actually afford.
Technically, the government would call it passive income. But they dont have anything to do with reality.