Chances are, you’ve probably at least heard of Dave Ramsey. The name might sound familiar to you, or you might know exactly who he is. If you don’t already know, he is the man you see online and on television who is always giving financial advice to the rest of the world. He is a devout Christian, so he does a lot of different programs that have been adapted by churches around the country, all in hopes of teaching parishioners what to do and what not to do when it comes to their finances. He also mentions this fairly frequently when he’s on television or doing one of his online presentations, often linking the need to be financially responsible, and hence, free, with being a good Christian.
Recently, it was announced that he has a net worth of more than fifty-five million dollars. That is a great deal of money, to say the least. You might be wondering how he achieved such a net worth. After all, that is a tremendous amount of money, and it’s not exactly an amount that most people can realistically expect to see, no matter how many hours they work throughout their lifetime.
In order to get a better understanding, you might want to know a little more about his background. He attended college and got a degree in finance. After college, he started a business of his own, in the real estate industry. All things considered, he was doing fairly well, but then the housing market went south and when it did, he was left with a mountain of debt that he couldn’t pay back. Eventually, he ended up filing for bankruptcy. He was then left to build his finances back up and get his life back on track, something that took some time to accomplish.
Once he had recovered financially, he made the decision that he had figure a few things out along the way. Furthermore, he decided to share that knowledge with others, for a fee of course. It seems that a lot of people were interested in what he had to say and they kept coming back for more. As interest in his classes grew, he started becoming more and more popular. It didn’t take all that long for him to end up on television, and as time progressed, he also started doing videos online. He’s also written a number of books, done podcasts, and developed a number of additional courses that he sells to groups of people, mostly churches, in order to get the word out about his view of financial freedom.
He made plenty of money off his television spots, even landing a regular radio show at one point to go along with his other gigs. However, he really found a niche when he started selling his financial advice to churches, largely because so many large groups were ready to purchase his courses. Being a devout Christian, he kept telling prospective customers that his programs would show them how to spend their money as responsible Christians, and church groups started lining up to purchase he programs.
There’s no doubt that some people disagree with his methods, but he stands by the information that he presents to others. Furthermore, his critics have in no way stopped others from buying his programs or listening to his advice. Over the years, he has used all of the methods listed above to generate a great deal of money in his bank account. That’s precisely why some of his critics have been so vocal. They point out that it’s easy to give advice about how others should be spending their money when you’re already making enough to do virtually anything you want. He counters that because he was once forced to file bankruptcy, he knows what it’s like to be in financial trouble and what it takes to get to a better financial state. Other people feel that he has found a way to profit from the struggles of others, often people that really can’t afford to purchase his programs in the first place.
Whatever your personal thoughts may be, the fact is that he is just as popular today as he ever was, and he has used all of these methods to make money, often in conjunction with each other. That is exactly how he has managed to make so much money, and he continues to bring in more revenue with each passing day.
Written by Garrett Parker
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