Dave Ramsey is an accomplished American author, businessman, and popular on-air personality who has impacted countless lives both directly and indirectly. He saw both sides of life and was still able to scale the heights of his career despite losing almost everything he had at once.
A young man of 26, Dave earned around a quarter of a million dollars a year and had a real estate portfolio of $4 million to his credit. Two years later, he lost everything as if he had never had them. Today, this experience and many others he has had have helped him become the man he is.
Learn more about him, his family, his net worth, and other interesting facts we’ve collected about this man who is determined to help people live debt-free.
Meet Dave Ramsey
He was born on September 3, 1960 in Antioch, Tennessee. There is no record of his high school education, but we do know that Dave earned a degree in finance and real estate from the College of Business Administration at the University of Tennessee in Knoxville in 1982. He then became a real estate investor. with a portfolio of over $4 million. Tragedy struck, however, when his financier collapsed into a larger financial institution that demanded he repay his loans. Dave couldn’t repay those loans, and that taught him a bitter lesson in money management. He filed for bankruptcy because he lost everything, he was down – but not outside.
During his recovery, Ramsey developed a set of financial principles from his experience and the teachings of Larry Burkett, Ron Blue and Art Williams. His first book titled “Financial Peace” was written during this phase of his life in 1992.
Seeing and fearing that many Americans and even most people who are ignorant of financial principles will likely make the mistake he made with his multi-million dollar real estate portfolio. Dave Ramsey sought to offer financial advice through The Lampo Group, LLC, which he founded in 1992.
Following the success of The Lampo Group Inc. which is now called Ramsey Solution, he went on to found other companies such as Financial Peace University, EntreLeadership and Every Dollar. He also started a weekly radio show called The Dave Ramsey Show. Dave has also written more books like ‘Dave Ramsey’s Complete Guide to Money’, ‘The Total Makeover’, ‘More Than Necessary’ and ‘Undertaking’ which are best selling with over 10 million copies sold jointly.
What is his net worth?
Dave Ramsey has indeed been a blessing to many He is invaluable at best as the seeds of financial wisdom he sowed in the lives of many peoples made them financially healthy and saw them build empires multi-million dollar business. The finance guru himself has a net worth of around $55 million.
Family: wife, children
He has been married to Sharon for over three decades with whom he shares three children. His children are Rachel Cruze (daughter), Denise Ramsey (daughter) and Daniel Ramsey (son). The family resides in Franklin, Tennessee, and has been an exemplary union for many married people.
On the family side, Dave is credited with writing a number of books for children, including “The Big Red Pilot: Junior Discovers Work” (2003), “A Special Thank You: Junior Discovers Integrity” (2005) and a few others.
The eldest of her three children, Rachel went on to establish herself as an American author specializing in finance. One of her books, “Smart Money Smart Kids,” which she co-wrote with her father, was named a New York Times bestseller in 2014.
Other facts to know
- More than 4.5 million people have attended its training sessions.
- The Dave Ramsey Show has over 13 million listeners weekly and is broadcast on over 600 radio stations in the United States and Canada.
- In 2010 he was harshly criticized for building a large and lavish house, but in response Dave said the house was actually paid for in cash and that was a small part of his net worth.
- Dave has been involved in the business world for a very long time. He ran a lawn care business and sold leather bracelets when he was a student.