David L. Ramsey III (born September 3, 1960) is an American businessman and writer.
Video Dave Ramsey
Biography
Ramsey was born and raised in Antioch, Tennessee. He is a 1982 graduate of the College of Business Administration at the University of Tennessee, Knoxville with degrees in Finance and Real Estate. At the age of 26, through his brokerage firm Ramsey Investments, Inc., he built a real estate lease portfolio worth more than $ 4 million.
His success ended when the 1986 Tax Reform Act began to have a negative impact on the real estate business that forced him to file bankruptcy claims.
After recovering financially, Ramsey begins to counsel the couple in his church. He immediately began attending workshops and seminars on consumer finance issues, and developed a simple set of lessons and materials based partly on his own experience and on works and teachings by Larry Burkett, Ron Blue and Art Williams from A.L. Williams company is now called Primerica. In 1992, after many requests from his clients, he wrote his first book, Peace of Finance .
Ramsey is a devout Christian.
Ramsey has been married to his wife, Sharon, for over 30 years. They have three children, and live in Winchester, Tennessee.
Maps Dave Ramsey
Media
Ramsey's syndicated radio program, The Dave Ramsey Show, was heard on over 500 radio stations across the United States and Canada, in podcast format, on IHeartRadio, iOS Dave Ramsey Show app, live on YouTube, as well as audio and live video on DaveRamsey.com. He has written many books including five bestsellers of the New York Times. Her books and broadcasts advocate fiscal discipline approaches for personal and household finances, including tight debt management, and often display Christian perspectives Ramsey was named the winner of the 2009 Marconi Award for the Personality Network/Syndicate of the Year, and inducted into the National Radio Hall of Fame in 2015.
Ramsey's company, The Lampo Group, Inc., headquartered in Brentwood, Tennessee, oversees six divisions aimed at financial education.
Ramsey has been featured in many media including The Oprah Winfrey Show, <60 Minutes , and The Early Show . He recorded a pilot and six unbroken episodes from The Dave Ramsey Project for CBS. She is the host of The Dave Ramsey Show, which airs on Fox Business Network until June 2010.
The Dave Ramsey Show
Twenty-five years ago, Ramsey started his radio career with co-hosting The Money Game with Roy Matlock of Primerica. Over time, this local event at one of the Nashville radio stations turned into The Dave Ramsey Show. With a combined audience of over 12 million downloads, the event is available on over 575 radio stations and other channels. In 2007, the Fox Business Network launched a television show of the same title, but canceled the show in June 2010.
Related companies
The Lampo Group, Inc.
Ramsey founded his company, The Lampo Group, Inc., in 1992 (Now called Ramsey Solutions), initially helping one-on-one people struggle with financial problems. In 1994, he hired Russ Carroll, Ramsey's chief financial advisor, and together they began teaching the first Financial Peace University classes with an overhead projector. Between 1999 and 2004, The Lampo Group grew from 18 to 105 team members. There are currently over 500 team members.
Financial Peace University
Ramsey is the creator of Financial Peace University, an adult Bible-based training series that integrates video teaching, classroom discussions, and small group activities. The video series lasts 13 weeks until August 2012 when it is relaunched as a 9-week program.
EntreLeadership
He coined the EntreLeadership term to describe the responsibility of the small business owner as an entrepreneur, and use it as the name of the small business conference Ramsey also released a book entitled EntreLeadership in 2011. This book goes up to the New York The York Times almost overnight. EntreLeadership marks the fourth time Ramsey has been listed on the New York Times Bestseller list.
The Legacy Journey
In 2013, Ramsey and Lampo Group launched a follow-up to Financial Peace University, The Legacy Journey. This course is a seven-week-old adult Bible-based series of training that focuses on "what's next?" after getting out of debt
EveryDollar
EveryDollar is a budgeting tool created by Ramsey Solutions, available online, on iOS, and Android. List the users of all revenue sources and they give each dollar a name for the month, based on zero-based budgeting.
Financial suggestions
Ramsey supports the method of snowball debt, where debtors pay off their lowest balance debts first rather than pay off their highest interest rate debts first. Although this approach has been criticized by some, such as NerdWallet.com, other studies such as those conducted by Kellogg School of Management have found that debt snowball methods are generally effective. The article states that a small victory provides the debtor's motivation. A study by 2016 by Harvard Business School also found people who used the snowball method to pay off their smallest account in advance paying more of their debt than those using other methods.
Ramsey states that investors can get an average annual return of 12% and this is the amount he uses in financial analysis. Critics argue that using the average annual rate of return is misleading and that the combined annual growth rate is a better measure when planning the investment. Critics also stated that a 12% return is unrealistically high - the usual planning assumption is 4%. According to Motley Fool, after Ramsey's calculations can cause individuals to be less invested for retirement.
Ramsey recommends investors to withhold all their investments in equity funds, which have been criticized for being more volatile than bonds. He recommends that retirees withdraw 8% of their retirement annually., Contrast with 4% which is generally recommended.
In 2010, Ramsey received criticism on social media sites to build large and luxurious homes. He replied that home costs are paid in cash, representing a very low percentage of his net worth, and have been used to host many fundraising for ministries, charities and causes of society.
Controversy
According to interviews with nearly two dozen current employees and former Nashville-based Ramsey Solutions, Ramsey has been involved in what they describe as an increasingly paranoid campaign to identify and silence some criticisms - mostly former employees - who have appeared on Facebook and Twitter. Strange episodes allegedly involving online spies, gag pretenses, random dismissals, and huge money-prize offerings for information have created a climate of fear within Lampo's headquarters, intensifying the discomfort many employees have felt over the past few years with Ramsey's management.
Bibliography
Personal finance
- Financial Peace: Restoring Financial Hope for You and Your Family (1997) ISBNÃ, 0-670-87361-6
- Financial Peace Planners: A step-by-step guide to restoring your family's financial health (1998) ISBN: 0-14-026468-X
- How to Have More than Enough: A Step-by-Step Guide to Creating Abundance (2000) ISBNÃ, 0-14-028193-2
- More than Enough: Ten Keys to Changing Your Financial Destiny (2002) ISBN: 0-14-200047-7
- Financial Peace Revisited (2002) ISBNÃ, 0-670-03208-5
- Total Money Makeover: Proven Plan For Financial Fitness (2003) ISBN 0-7852-6326-8
- Total Money Makeover Workbook (2004) ISBNÃ, 0-7852-6327-6
- Money Answer Books: Quick Answers to Daily Finance Questions (2005) ISBNÃ, 0-8499-9619-8
- Priceless: Straight-Shooting, No-Frills Financial Wisdom (2006) ISBN: 0-9774895-9-0
- EntreLeadership: 20 Years of Practical Business Wisdom from Trenches (2011) ISBN 978-1-4516-1785-6
- Dave Ramsey's Complete Guide For Money: The University's Peace Finance Handbook (2012) ISBN 978-1-9370-7720-4
- Smart Money Smart Kids: Upgrading the Next Generation to Win With Money (2014) ISBN: 1937077632 (co-written by Ramsey's daughter, Rachel Cruze)
- Legacy Trips: Radical View of Wealth and Biblical Affection (2014) ISBN: 1937077713
Children's books
- Super Red Racer: Junior Finds Work (2003) ISBN 0-9726323-0-1
- Careless At The Carnival: Junior Finding Expenses (2003) ISBN 0-9726323-1-X
- Great Birthday Surprise: Junior Got Giving (2003) ISBN 0-9726323-2-8
- My Fantastic Fieldtrip: Junior Found Saving (2003) ISBN 0-9726323-3-6
- Special Thanks: Junior Finding Integrity (2005) ISBN 0-9769630-0-0
- Job Battle: Junior Finds Debt (2005) ISBN 0-9769630-1-9
Spanish translation
Total Money Makeover , Financial Peace Revisited , and More than Enough have been translated into Spanish.
See also
- Envelope budgeting
- Talk radio
References
Further Reading
- Drury, Susan (May 31, 2007). "Gospel According to Dave". Nashville Scene . Retrieved July 16, 2007 . Ã,
- Olen, Helaine (October 28, 2013). "Prophet". Pacific Standard . Retrieved October 29, 2013 .
External links
- Official website
- Dave Ramsey on CBS ' 60 Minutes (transcript)
- Total Money Makeover
- Total Review of Makeover Money Book
- 2003 profile by This American Life
Source of the article : Wikipedia
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