Learn about Dave Ramsey's net worth, his career history, and personal life in this biography. Discover how this finance guru built his empire and inspired millions to take control of their finances.

Dave Ramsey Net Worth, Bio

Dave Ramsey is a well-known name in the finance world, with a track record of helping people achieve financial freedom. With years of experience and a strong work ethic, Dave has amassed a net worth that many can only dream of. But how exactly did he get there?

Born in Antioch, Tennessee, Dave started his career in real estate before eventually moving into the financial advice industry. He struggled at first, declaring bankruptcy himself before he was 30 years old. However, instead of giving up, he used his experiences to help others avoid the same mistakes he had made. Dave's no-nonsense, straight-talking approach to money management quickly gained a following, and he started his own radio show in 1992.

Since then, Dave has become a household name, consistently ranking as one of the top financial advisors and educators in the country. His teachings are simple and practical, urging people to take control of their finances by budgeting effectively, saving aggressively, and avoiding debt as much as possible. With a successful radio show, several best-selling books, and a variety of products and programs, Dave has built a financial empire that has helped countless people achieve financial peace and stability.

Dave Ramsey: Net Worth, Bio

Here is a table displaying the important details about Dave Ramsey's life and financial achievements.

Field Information
Net Worth Dave Ramsey's net worth is estimated to be $200 million as of 2021.
Age Dave Ramsey was born on September 3, 1960, which makes him 61 years old.
Born Dave Ramsey was born in Antioch, Tennessee, United States.
Gender Dave Ramsey is male.
Height Dave Ramsey's height is currently unknown.
Country of Origin Dave Ramsey is from the United States.
Source of Wealth Dave Ramsey's main source of wealth comes from his financial education and media company, Ramsey Solutions.

Overall, Dave Ramsey's life achievements and net worth are impressive, especially considering his humble beginnings.

Key Facts

Dave Ramsey is a renowned finance guru and a best-selling author in the United States. He is also the host of a popular radio show called "The Dave Ramsey Show".

  • Net Worth: As of 2021, Dave Ramsey's net worth is estimated to be around $200 million.
  • Debt-Free Journey: Ramsey's personal finance journey began when he declared bankruptcy in his early 20s. Since then, he has become an advocate for living a debt-free lifestyle.
  • Books: Ramsey has authored several books including "The Total Money Makeover", "Financial Peace", and "EntreLeadership". His books have sold millions of copies and rank high in personal finance literature.
  • Business Empire: Ramsey has built a business empire that includes a personal finance coaching program, live events, and several online courses. He is also the founder of a financial education company called Ramsey Solutions, Inc.

Criticism: Despite his success, Ramsey is not without his critics. Some have accused him of oversimplifying personal finance advice, promoting a one-size-fits-all approach, and being too harsh on those with financial struggles.

Early Years of Dave Ramsey

Childhood Upbringing

As a child, Dave Ramsey experienced financial turmoil, as his parents struggled to make ends meet and eventually filed for bankruptcy. This experience left a lasting impact on Ramsey and influenced his later career as a financial expert.

Entrepreneurial Spirit

Despite financial difficulties, Ramsey exhibited an entrepreneurial spirit from a young age. He started his first business at the age of 12, mowing lawns for neighbors and eventually hiring friends to help him expand the business.

College Education

After graduating from high school, Ramsey attended the University of Tennessee at Knoxville, where he studied business administration. However, he dropped out of college after a year and a half to pursue a career in real estate.

Early Career

Early Career

At the age of 18, Ramsey started his own real estate business and quickly became a millionaire. However, his success was short-lived, as he did not have a solid financial plan and ultimately lost everything. This setback led Ramsey to re-evaluate his approach to money and eventually led him to develop his now-famous debt-free financial philosophy.

Faith and Family

Faith and Family

Throughout his childhood and early career, Ramsey's Christian faith and family were central to his life. He met his wife, Sharon, while they were both in college, and they have been married for over 30 years. The couple has two adult children and several grandchildren.

Early Life of Dave Ramsey
Childhood Upbringing Growing up in a family with financial difficulties
Entrepreneurial Spirit Starting his own lawn-mowing business at the age of 12
College Education Studying business administration at the University of Tennessee at Knoxville
Early Career Becoming a millionaire at the age of 18 with his own real estate business
Faith and Family Being grounded in his Christian faith and devoted to his wife and children


Early Days and Failure

Early Days and Failure

Dave Ramsey started his career in real estate in the early 1980s. He quickly found success and started to invest heavily. However, he made some risky investments that didn't pay off, and by the end of the decade, he had lost everything. He filed for bankruptcy in 1988 and had to start from scratch.

The Start of Ramsey Solutions

In the early 1990s, Dave Ramsey started hosting a radio show on a local station in Nashville, Tennessee. The show was called The Money Game, and it focused on personal finance issues. As the show's popularity grew, Dave started to receive offers from other stations, and it eventually went nationwide in 1992.

In 1994, Dave formed Ramsey Solutions, a financial counseling company. He published his first book, Financial Peace, in 1997, and it quickly became a best-seller. He has since published several other books, including The Total Money Makeover and EntreLeadership.

The Dave Ramsey Show

The Dave Ramsey Show is now one of the most popular radio shows in the country. It is syndicated in over 600 markets and has over 12 million weekly listeners. In addition to hosting the radio show, Ramsey also hosts a podcast and a YouTube channel.

Ramsey has also created several courses and programs to help people get out of debt and improve their financial situations. His Financial Peace University course has helped millions of people get out of debt and build wealth.

Dave Ramsey's Spending Habits: An Inside Look

The Basics

Dave Ramsey, the financial guru and best-selling author, is known for his no-nonsense approach to money management. Despite his multimillion-dollar net worth, Ramsey remains focused on living frugally and within his means. He believes in the power of budgeting and always having an emergency fund.

Housing and Transportation

Although Ramsey could afford to live in a lavish mansion, he has chosen to live modestly in a 6,000 square-foot home. He believes in paying off the mortgage as soon as possible and encourages his followers to do the same. As for transportation, Ramsey drives a used car and advises against buying new vehicles that depreciate in value as soon as they're driven off the lot.

Entertainment and Travel

Ramsey believes in enjoying life and having fun, but not at the expense of his financial goals. He enjoys golfing and spending time with his family, but doesn't splurge on extravagant vacations or expensive hobbies. Instead, he focuses on the value of experiences over things.

Charitable Giving

As a devout Christian, Ramsey believes in giving back to those in need. He and his wife are known for their generous donations to various charities and organizations. Ramsey also encourages his followers to give to those less fortunate and incorporate giving into their budgets.

The Bottom Line

Overall, Dave Ramsey's spending habits reflect his philosophy of living frugally, being debt-free, and giving generously. He believes in using money as a tool to achieve financial freedom and a fulfilling life, rather than as a means of acquiring material possessions.


Debt-Free Lifestyle Guru

Dave Ramsey is a financial expert known for his debt-free lifestyle advice. He is the author of several bestselling books, including "Total Money Makeover" and "The Financial Peace Planner". Dave's principles are based on personal experience: he and his wife went bankrupt early in their marriage and struggled with debt for many years before turning their financial situation around.

The Ramsey Show

Dave Ramsey hosts a daily radio show, The Ramsey Show, where he answers questions from listeners and offers financial advice. The show is broadcast on more than 500 radio stations and has millions of listeners. Dave also hosts a podcast and provides online courses and resources for those looking to improve their financial literacy.

Real Estate Mogul

Dave Ramsey's net worth is estimated to be over $200 million, and much of his wealth comes from his real estate investments. He has purchased and sold numerous properties over the years and owns a large real estate portfolio. Dave has also written a book about real estate investing, titled "The ABCs of Real Estate Investing".

Charitable Contributions

In addition to his success in business and finance, Dave Ramsey is also known for his charitable giving. He and his wife have donated millions to various organizations, including the Make-A-Wish Foundation and the Dave Ramsey Endowed Scholarship at Cornerstone University. Dave is a strong believer in giving back and encourages others to do the same.

Favorite Quotes from Dave Ramsey

The importance of budgeting

"A budget is telling your money where to go instead of wondering where it went."

Budgeting is crucial when it comes to managing your finances. It allows you to take control of your money and prioritize your spending. It's the foundation for getting out of debt and becoming financially stable.

The mentality of frugality

"Live like no one else, so later, you can live and give like no one else."

Living below your means may not always be easy, but it's certainly rewarding. By saving and investing your money, you set yourself up for financial freedom in the future. You'll be able to give generously and live without financial stress.

The value of hard work

"Success is not an accident. It is hard work, perseverance, learning, studying, sacrifice and, most of all, love of what you are doing or learning to do."

In order to achieve financial success, it takes hard work and discipline. It's not enough to simply wish for a better financial future. You have to be willing to put in the effort to learn and apply good financial habits.

The freedom of debt-free living

"Debt is not a tool. It is a method to make banks wealthy, not you."

Being debt-free is a liberating feeling. You no longer owe anyone anything and can focus on building your wealth instead of paying off debts. Dave Ramsey advocates for a debt-free lifestyle and provides practical steps for getting out of debt and staying that way.

The importance of giving

"The point is not how much money you make but how much money you keep and how hard it works for you, and how many generations you keep it for."

Giving is a fundamental aspect of Dave Ramsey's financial philosophy. He believes that managing your money well and giving generously can have a positive impact not only on your life but on future generations as well. By creating a legacy of giving, you can leave a positive mark on the world.

Lessons for Success from Dave Ramsey

1. Live within your means

Dave Ramsey's biggest piece of advice is to live within your means. This means creating a budget and sticking to it. Don't spend more than you make, and eliminate unnecessary expenses. By doing this, you'll be able to save money and invest in your future.

2. Avoid debt

Avoiding debt is another one of Dave Ramsey's key principles. This means paying off all of your debts, including credit cards and car loans, and never borrowing money again. By doing this, you'll be able to increase your net worth and have more financial freedom.

3. Have an emergency fund

Having an emergency fund is crucial for success. Dave Ramsey recommends saving up three to six months' worth of expenses in a separate account. This will give you peace of mind and protect you in case of an unexpected expense or loss of income.

4. Invest for the long term

Dave Ramsey believes in investing for the long term. This means putting your money into low-cost index funds and leaving it there for decades. By doing this, you'll be able to take advantage of compound interest and grow your wealth over time.

5. Give generously

Lastly, Dave Ramsey believes in giving generously. By donating to charity and giving back to your community, you'll be able to make a difference in the world and feel good about the impact you're making. Giving can also be a way to increase happiness and satisfaction in your own life.

What Are Some Interesting Facts About Dave Ramsey

1. Entrepreneurship runs in Dave Ramsey's family

Dave Ramsey's father was an entrepreneur who owned several businesses throughout his life. Dave often credits his father's work ethic and business acumen as being a major influence on his own success.

2. He became a millionaire at a young age

Dave Ramsey first became a millionaire by the age of 26 through real estate investing. However, he also lost his fortune soon after due to overspending and high levels of debt. This experience led him to develop his now-famous financial plan and philosophy.

3. He paid off $2 million in debt in just two and a half years

As part of his debt-reduction journey, Dave Ramsey and his wife Sharon were able to pay off over $2 million in debt in just two and a half years. This experience also influenced his financial philosophy of living debt-free and avoiding unnecessary borrowing.

4. He has written multiple best-selling books

Dave Ramsey is a prolific author, having written over 10 books on personal finance. Many of these books have become best-sellers, including "The Total Money Makeover" and "Financial Peace."

5. He hosts a nationally-syndicated radio show

The Dave Ramsey Show is a nationally-syndicated radio program that reaches millions of listeners each week. The show focuses on topics related to personal finance and features interviews with experts in the field, as well as call-ins from listeners seeking advice.

6. He has a net worth in the millions

Despite his humble beginnings and financial setbacks, Dave Ramsey has built a net worth in the millions through his various businesses, media endeavors, and investments.

7. He is a strong advocate for charitable giving

Dave Ramsey is a firm believer in giving to others, and encourages his listeners and followers to do the same. His company, Ramsey Solutions, also donates a portion of its profits to various charitable causes and organizations each year.

Dave Ramsey's Best-Selling Books
Title Year Published
The Total Money Makeover 2003
Financial Peace 1992
The Dave Ramsey Show 2019


Dave Ramsey: An Overview

Dave Ramsey is a financial expert, author, radio host, and television personality. He is known for his advice on personal finance, debt management, and wealth building. Born in Tennessee, Ramsey started his career as a real estate investor and eventually founded The Lampo Group, a financial consulting firm. His radio show, The Dave Ramsey Show, is nationally syndicated and has helped millions of people achieve financial freedom.

Net Worth

Dave Ramsey's net worth is estimated to be around $200 million. He has earned his wealth through multiple streams, including the sale of his books and financial courses, investment in real estate, and ownership of The Lampo Group and Ramsey Solutions. Despite his wealth, Ramsey is known for his frugal lifestyle and emphasis on living debt-free.

Philosophy and Approach

Ramsey's philosophy is centered around living within one's means, avoiding debt, and building wealth through smart money management. He is a proponent of the "debt snowball" method, which involves paying off debts starting with the smallest balance first, and then working up to larger debts. Ramsey also advocates for creating an emergency fund and investing in retirement accounts.

Impact and Legacy

Dave Ramsey's impact on personal finance is significant. His radio show, books, and courses have helped millions of people get out of debt, build wealth, and improve their financial well-being. Ramsey has also inspired a community of followers and financial advisors who embrace his philosophy and approach. His legacy is one of empowerment and education, as he continues to help people take control of their finances and achieve their financial goals.


$2,800,000 Net Worth at Age 35!

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What is Dave Ramsey's net worth?

Dave Ramsey's net worth is estimated to be $200 million.

What is Dave Ramsey known for?

Dave Ramsey is a financial expert, author, radio host, and motivational speaker known for his "The Dave Ramsey Show" and his popular books on personal finance.

What are some of Dave Ramsey's best-selling books?

Dave Ramsey has written several best-selling books, including "The Total Money Makeover," "Financial Peace Revisited," and "Smart Money Smart Kids."

What is Dave Ramsey's approach to personal finance?

Dave Ramsey's approach to personal finance is based on his "7 Baby Steps" plan, which involves getting out of debt, saving for emergencies, and building wealth through investing.

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