Who is Dave Ramsey: scandals and achievements of an American businessman
Dave Ramsey is known to a wide audience as the host of The Ramsey Show, but his work is not limited to that. He is involved in personal financial management, has written business-oriented books, and is also involved in educational work as a committed evangelical Christian.
Rumsey was born in 1960 in Tennessee, where he earned a bachelor’s degree in finance and real estate management. At the same time, Dave had been in the real estate business since the age of 18 and continued his activities after graduation.
By 1986, his investment portfolio was about $4 million, but a year later the government introduced a new law that reduced the businessman’s capital. A number of banks refused him loans because of his high leverage, and as a result, Ramsey declared bankruptcy in 1988. The difficulties did not break the businessman and in the same year, he created Lampo Group, which provided financial advisory services. Three years later, Ramsey published a book in which he shared his secrets from the world of money.
Dave’s radio career began in 1992 and eventually evolved into his own show, where the businessman gave financial advice to people who called into the station’s studio. Then came writing classes and a profile column in the newspaper.In 2014, Lampo became Ramsey Solutions, and its areas of expertise expanded. The company now handles the production of Ramsey’s books, his show, and other areas.
As for the businessman’s financial advice, he is an opponent of the use of credit cards. In Ramsey’s opinion, to avoid becoming a debtor, it is better to use cash, allocating income in advance to pay bills, buy food, and other needs. In addition, Ramsey believes that student loans drive people into debt and that it is better to invest in stocks rather than bonds.
Dave’s advice is regularly criticized by experts. The main argument is that Ramsey does not take into account individual cases or the differences in people’s incomes. In addition, stocks are not the most profitable investment tool.
In addition, there are known scandals directly related to the personality of the businessman. For example, in 2014 he was accused of attacking employees. There are also known cases of specialists being fired because of their sexual orientation or social position, which contradicts the Christian narratives of Ramsey himself. In addition, there are reports that the businessman urged employees and listeners of the show not to wear masks during the COVID-19 pandemic, endangering their lives and health.