Dave Ramsey Net Worth is $58 Million dollars and earns an annual income of $8 million dollars. Dave Ramsey is an American businessman, author, radio host, television personality, and motivational speaker. Dave Ramsey recently bought a brand new Cadillac luxury car for $100,000 USD. The Net Worth of Dave Ramsey has seen a hike of 30% over the past few years. While calculating Dave Ramsey Net Worth we have included the data updated as of this Quarter. Check out the Exclusive information on Dave Ramsey Net Worth details such as Yearly Income, House, Car Collection, Investments etc. Also read Net Worth details of Wendy Williams and Jack Canfield.
|Dave Ramsey Net Worth||$58 Million USD|
|Annual Income||$8 Million USD|
|Luxury Cars – 6||$1 Million USD|
|Houses – 2||$17 Million USD|
Dave Ramsey Cars
The Car collection of Dave Ramsey is quite Large. Dave Ramsey owns few of the best luxury cars in the world. The Car brands owned by Dave Ramsey include Range Rover, Mercedes Benz and Cadillac.
Dave Ramsey Biography
Dave Ramsey was born and raised in Antioch, Tennessee. Dave Ramsey was a 1982 graduate of the College of Business Administration at University of Tennessee, Knoxville with a degree in Finance and Real Estate.
At the age of 26, through his brokerage firm Ramsey Investments, Inc., he built a rental real estate portfolio worth more than $4 million and became one of Tennessee’s youngest brokers to be admitted to the Graduate Realtors Institute.
Dave Ramsey’s success soon came to an end as the Tax Reform Act of 1986 began to have a negative impact on the real estate business. One of Dave Ramsey’s largest creditors was sold to a larger bank, which began to take a harder look at Dave Ramsey’s borrowing habits.
The bank demanded he pay $1.2 million worth of short-term notes within 90 days, forcing him to file for bankruptcy relief. Sixty days later another bank demanded nearly $800,000.
After recovering financially, Dave Ramsey began counseling couples at his local church. Soon after offering private counseling services, Ramsey began attending every workshop and seminar on consumer financial problems that he could find.
Dave Ramsey developed a simple set of lessons and materials based partially on his own experience and on works and teachings by Larry Burkett, Ron Blue and Art Williams of A.L. Williams company now called Primerica. In 1992, after many requests from his clients, he wrote his first book, Financial Peace.
Twenty-five years ago, Dave Ramsey started his radio career by co-hosting the show The Money Game with Roy Matlock of Primerica. Over time, that local show on one radio station in Nashville turned into The Dave Ramsey Show.
With a combined listenership of over 12 million weekly, the show is available on more than 575 radio stations, a dedicated YouTube channel, SiriusXM, iHeartRadio, a podcast on iTunes and Google Play, and a video channel on daveramsey.com.
In 2007, the Fox Business Network launched a television show under the same title, but canceled the show in June 2010.
Dave Ramsey is also the creator of Financial Peace University, a biblically based training series for adults that integrates video teaching, class discussions, and small group activities.
The video series lasted for 13 weeks until August 2012 when it was relaunched as a 9-week program. Some topics covered in the series are cash flow planning, investing, saving, credit, retirement, and giving.
In 2013, Dave Ramsey and the Lampo Group launched the followup to Financial Peace University, The Legacy Journey. This course is a biblically based training series for adults lasting seven weeks focused on “what’s next?” after getting out of debt and, like Financial Peace University, integrates video teaching, class discussions, and small group activities.
Some topics covered in this series are a deeper look into investing, basic estate planning, purposeful living, safeguarding your legacy, and discovering the keys to generational wealth and true generosity.
EveryDollar is a budgeting tool that was created by Ramsey Solutions, available online, on iOS, and Android. Users list all sources of income and they give every dollar a name for the month, based on zero-based budgeting.
Dave Ramsey supports the debt snowball method, where debtors pay off their lowest balance debt first instead of paying off their highest interest rate debt first.
While this approach has been criticized by some, such as NerdWallet.com, other research such as that done by the Kellogg School of Management has found that the debt snowball method is generally effective.
The article stated that the small victories give debtors motivation. A 2016 study by Harvard Business School also found people who used the snowball method to pay off their smallest account first paid down more of their debt than those who used other methods.
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Dave Ramsey Net Worth Growth Estimate
The Net Worth and Income of Dave Ramsey is expected to continue to grow at a Medium pace. Over the next few years, Dave Ramsey’s Net worth is likely to grow by around 36%.