Dave Ramsey Biography: Lifestyle, Family & Facts (2023) [UPDATED]
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David Ramsey Biography: David Ramseys one of America’s most trusted sources for financial advice. His radio show, “The Dave Ramsey Show,” is among the top five talk radio shows in the United States.
Today I’m pumped to release our brand new Bounce Mojo Bio of one of our all-time favorite homegrown American finance aficionados – Dave Ramsey Bio.
You’re going to learn all about:
Let’s dive in and find out all the details…
Who Is Dave Ramsey?
Dave Ramsey is an American businessman, motivational speaker, radio host, author, and TV personality from the US whose goal is to reduce people’s debt and spending.
His Christian faith is what drives most of his financial advice.
He has a 13-week video entitled Financial Peace University which is ever popular in Churches.
When his real estate business went into bankruptcy early on in his career, he used that as a springboard to making money from counseling people on their finances.
Dave Ramsey is famous for his radio program The Dave Ramsey Show. It’s aired on more than 600 radio stations throughout Canada and the United States.
He is famously known for his “7 Baby Steps.”
David Lawrence Ramsey III, more famously known as Dave Ramsey, was born on September 3, 1960, in Antioch, Tennessee.
He graduated from the College of Business Administration at the University of Tennessee, Knoxville.
He earned a Bachelor’s degree in Finance and Real Estate.
He applied his knowledge of real estate when he established Ramsey Investments, Inc.
Dave built a rental real estate portfolio amounting to over $4 million by 1986.
However, the bank that financed his company was eventually sold to a much larger bank and demanded that the loans be immediately repaid.
Dave was, unfortunately, unable to pay the loans so he was forced to declare bankruptcy.
After a few years, he was able to begin to recover from his business’ downfall. He then started to counsel couples at his church while also attending financial seminars and workshops on the side.
He developed his own set of learning materials on finance.
Finally, in 1992, he was able to write his book, Financial Peace.
|Expert On: Finance|
|Date of Birth: 03.09.1960|
|Current Occupation: Radio Host|
|Martial Status: Married|
|Weight: 82 kg|
|Eye Colour: Gray|
|Zodiac Sign: Virgo|
|Place Of Birth: Anitoch, Tennessee|
|Famous Friends: Not Known|
|Favorite Color: Noot Known|
|Favorite Food: Not Known|
|Smoking/ Drinking: Within reason|
|Dave Ramsey Net Worth: $55 million|
The Young Dave Ramsey
Dave Ramsey had already been exposed to the need to be financially savvy at the tender age of 12.
The self-proclaimed financial guru recalled the time he asked his father to buy him a popsicle but was told that he’s old enough to earn it.
That conversation sparked his passion for smart financing.
He gives credit to his father for having a strong work ethic that he carried with him as he grew older. You can tell he’s an entrepreneur at heart because he ventured into different businesses which made him realize how important customer service and commitment are in achieving business success.
The profit he earned was used to pay off his college fees.
He went on to start his own real estate business
Dave Ramsey Family & Relationships
Dave Ramsey is married to Sharon Ramsey – they have three children. Not much is known about Dave Ramsey’s past relationships – though he’s been a super steady husband and father.
Dave Ramsey Education
It’d be safe to assume that Dave Ramsey has always had a passion for finance even since he was young.
He’s an alumnus of the University of Tennessee in Knoxville and earned a Bachelor’s degree in Finance and Real Estate.
Dave Ramsey Career
Dave founded The Lambo Group, LLC to provide financial counseling to people who want to “better understand the principles of proper money management.”
After twenty years, his company has more than 800 staff and was voted as among the “Best Places to Work” in Nashville.
Dave rebranded his company Ramsey Solutions in 2014 as part of his plan for longevity and growth.
As a result, Ramsey now owns and runs a multi-million-dollar company which is a nationally recognized brand.
His avid listeners and fans claim to have had their lives changed with Ramsey’s help.
In 2009, he received the National Association of Broadcasters’ Marconi Award. He even became a part of the NAB Broadcasting Hall of Fame in 2013 and the National Radio Hall of Fame in 2015.
He created the Financial Peace University (FPU) which helps people “dump their debt, take control of their money, and learn new behaviors around money that are founded on commitment and accountability”, according to his website.
Dave Ramsey caters to his audiences from different media platforms.
He also has his column – “Dave Says.”
Interesting Facts About Dave Ramsey
The following are some interesting facts about Dave Ramsey:
- There are more than 5 million participants in Financial Peace University.
- Dave has been on air for more than 25 years.
- He began The Dave Ramsey Show in 1992.
- His book Financial Peace became a bestseller in 1997.
- Dave’s More Than Enough was published and became a bestseller in 1999.
- His “Dave Says” column was launched in newspaper publications in 2002.
Among Dave Ramsey’s books is The Total Money Makeover, Smart Money Smart Kids (co-authored with his daughter, Rachel Cruze), The Legacy Journey, EntreLeadership, The Money Answer Book, Financial Peace: Restoring Financial Hope to You and Your Family, The Financial Peace Planner: A Step-by-Step Guide to Restoring Your Family’s Financial Health, The Great Misunderstanding, and More Than Enough: The Ten Keys to Changing Your Financial Destiny.
Dave Ramsey’s Personal Interests
Dave Ramsey, a self-proclaimed financial guru as he is, is also a home cook too.
As passionate as he is about finance, so too is he passionate about cooking and food – which is how he came up with the idea of eMeals.
He advocates for budget meals that range from clean eating – to Keto – to family-inspired meals – to weight management meals.
Check that out here.
Dave Ramsey’s Business Interests
Anyone who knows Dave Ramsey can attest to the fact that he’s passionate about finance.
He’s spearheaded his brand based on it.
In 1986, he established a real estate business that he named Ramsey Investments, Inc. and built a rental real estate portfolio amounting to over $4 million but as previously mentioned, the bank demanded he repay all his loans immediately.
The incident taught him many financial and life lessons that he’s since been so keen to share.
He started with counseling sessions for couples at his local church.
To further strengthen his knowledge of finance…
…he attended a myriad of seminars and workshops on consumer financial problems and eventually developed lesson materials based on his actual experiences involving financial problems.
Most of his financial advice was inspired by the teachings of Ron Blue, Larry Burkett, and Art Williams.
Dave Ramsey Lifetime Achievements
Dave was honored as a National Association of Broadcaster’s Marconi Award winner in 2009. He was also inducted into the NAB Broadcasting Hall of Fame in 2013 and the National Radio Hall of Fame in 2015.
Well, well, well…
He’s a finance guru, a Christian, a home cook, and an outstanding broadcaster.
What a feat!
Top 3 Quotes From Dave Ramsey
“We buy things we don’t need with money we don’t have to impress people we don’t like.”
“If you will live like no one else, later you can live like no one else.”
“You must gain control over your money or the lack of it will forever control you.”
Top 3 Memes – Dave Ramsey
5 Lessons From Dave Ramsey
- “Pay the minimum on all of your debt until you can save $1,000 in an emergency fund.” As someone who goes against unnecessary expenses, it wouldn’t come as a surprise to his fans that he would want them to pay off all their debt. Of course, a thousand-dollar will never be achievable unless you pay off your debts.
- “Save 15% of income in a retirement account.” This comes as an SOP to everyone. If you’re someone who spends every waking hour working and hustling, then your retirement plan should never be forgotten.
- “Start saving for your children’s college education.” Every smart – and able – parent always puts his/her children’s welfare first. And investing in their education is one way of doing it. While the present time is important, so too is the future.
- “Keep away from negative people.” One way of staying in a positive light and being as optimistic and at peace as possible is to “stick to positive influences in your life.” You can never go wrong with just letting in people that truly influence you for the better. If you’re an anxious person, then you might as well let solution-driven people into your life. If you’re suffering from mental illness, then pick those people who know how to listen.
- “Visualize achieving your goal.” Now, this might seem a bit cliche, but it always helps to plan out your goals and even go to the extent of envisioning them on a paper. You may even reach the point of drawing your dream home, for instance.
Frequently Asked Questions (with Dave Ramsey)
Q: How much does Dave Ramsey say you should spend on a car?
A: As a general rule, the total value of your vehicles (anything with a motor in it) should not be more than half your annual household income. Dave doesn’t recommend buying a new car—ever—until your net worth exceeds $1 million.
Q: Did Dave Ramsey pay cash for his house?
A: So according to his real estate professional Dave Ramsey’s home had no mortgage documents recorded, meaning it’s highly likely that Ramsey paid cash for the land and house! … Of course, as Dave Ramsey has an estimated net worth of $55 million, it’s well within his budget – haha.
Q: Where does Dave Ramsey keep an emergency fund?
A: You should put it in a money market account. You should never put your emergency fund in something that can go down in value or in something that charges you a penalty for taking it out early.
Summary: Dave Ramsey Biography
There you have it!
We’ve laid out all there is to know about renowned financial guru Dave Ramsey.
We hope there are a few takeaways for you here – from his uber-successful life.
I particularly enjoyed learning about how he came back from bankruptcy to forge a huge financial life.
Why not check out his BounceMojo Net Worth, Memes, Quotes, and Jokes – we also have an article on ELP for you.