Dave Ramsey Biography
Dave Ramsey is an American radio personality who offers financial advice. He is the host of the widely broadcast radio show, The Ramsey Show. Ramsey is an author with multiple books to his credit, such as the highly acclaimed The Total Money Makeover, which secured a spot on The New York Times bestseller list. Additionally, he had a stint as the host of a television show on Fox Business from 2007 to 2010.
Dave Ramsey Age / Birthday
As of 2023, Ramsey is 63 years old, he was born on September 3, 1960, in Antioch, Tennessee, in the United States of America. He celebrates his birthday on September 3, every year.
Dave Ramsey Height / Measurements
Ramsey is of average body stature and stands at an approximate height of 5 feet 10 inches tall.
Dave Ramsey Partner / Wife
Dave Ramsey’s wife is Sharon Ramsey. They have been married since 1982. Sharon has been a steadfast supporter of Dave throughout his career, playing a critical role in their family and his business. While she typically keeps a lower profile compared to Dave, she’s described as intelligent, warm, and a vital source of stability and happiness for him.
Dave Ramsey Kids / Children
Ramseys has three children: Denise (Ramsey) Whittemore, Rachel (Ramsey) Cruze, and Daniel Ramsey. All three work for Ramsey Solutions. With Ramsey, Cruze co-wrote and published the New York Times No. 1 bestseller Smart Money, Smart Kids in 2014.
Dave Ramsey Daughter
Ramsey’s daughter is Rachel Cruze. She is a well-known personal finance author and speaker, following in her father’s footsteps. Rachel was born in 1988 and grew up in Tennessee. She has two siblings, a brother named Daniel and a sister named Denise. Rachel graduated from the University of Tennessee with a degree in communications.
After college, Rachel worked for her father’s company, Ramsey Solutions. She eventually started her own business, Rachel Cruze Ministries. Rachel is married to Kevin Cruze, and they have two children. Rachel is a New York Times bestselling author. Her books include “Smart Money Smart Kids,” co-authored with her father, and “Love Your Life, Not Theirs.” She also hosts her podcast, “The Rachel Cruze Show,” and has a popular YouTube channel.
Dave Ramsey Family / Relatives
Ramsey is his father’s name, who pursued a career as a Real Estate developer. His mother, Sylvia Ramsey, worked as a realtor. He also has a brother named Scott Ramsey. While there is limited public information about Scott, he was referenced in a personal essay written by Dave, where their adopted sister, Sarah, was discussed.
Dave Ramsey Education
He went to Antioch High School, where he was actively involved in ice hockey. At 18, Ramsey decided to pursue a career in real estate, successfully passing the real estate exam and initiating property sales. Simultaneously, he managed to work his way through college at The University of Tennessee, Knoxville, ultimately obtaining a Bachelor of Science degree in Finance and Real Estate.
Dave Ramsey Career
By 1986, Ramsey had built a portfolio valued at over $4 million. However, the implementation of the Competitive Equality Banking Act of 1987 led to changes in bank ownership. As a result, Ramsey’s $1.2 million in loans and lines of credit were called in due to being over-leveraged. Unable to meet the obligations, Ramsey filed for bankruptcy in 1988.
Following a period of financial recovery, Ramsey started providing financial advice to couples at his local church. In 1988, he established the Lampo Group, a financial counseling service. By 1992, he had authored and self-published his inaugural book, “Financial Peace.” Ramsey also became one of three rotating hosts of The Money Game on WWTN/Nashville in 1992, which later evolved into The Dave Ramsey Show—a three-hour daily call-in financial advice talk show.
In 1994, Ramsey introduced “Financial Peace University,” a nine-lesson, video-based personal finance course. Meanwhile, his financial column, initially carried by the Gannett newspaper group, faced a setback when they discovered that Ramsey had altered the names on the letters he responded to. Despite this, Ramsey offered to reimburse them.
The Dave Ramsey Show aired on the Fox Business Network from 2007 to 2010. In 2014, The Lampo Group, Inc. underwent rebranding as Ramsey Solutions. The company’s headquarters, situated in Franklin, Tennessee, saw the opening of a new 47-acre campus in 2019. Ramsey has authored five books for adults, three of which became New York Times bestsellers, along with six children’s books. He earned induction into the National Radio Hall of Fame in 2015.
Dave Ramsey Net Worth
Through Ramsey’s career as a radio personality, he has been able to accumulate a net worth that ranges between $200 Million and $ 250 Million.
Dave Ramsey Podcast/Show
The Dave Ramsey Show is a popular personal finance podcast hosted by Dave Ramsey, a financial expert who is known for his tough-love approach to money management. The show covers a wide range of topics, including budgeting, debt payoff, investing, and retirement planning. Ramsey is joined by a team of co-hosts who provide additional insights and answer listener questions.
The Dave Ramsey Show is a great resource for anyone who is looking to get their finances in order. Ramsey’s advice is practical and actionable, and he is not afraid to tell it like it is. The show is also entertaining and informative, and it can be a lot of fun to listen to.
Dave Ramsey Lawsuit
Ramsey is indeed facing a $150 million class-action lawsuit over his endorsement of a timeshare exit company called Timeshare Exit Team (now operating as Reed Hein & Associates). The lawsuit claims that Ramsey promoted Timeshare Exit Team despite knowing or having reason to know that the company engaged in deceptive practices and failed to deliver on its promises. The plaintiffs argue that Ramsey’s endorsement of Timeshare Exit Team constituted deceptive advertising and violated state and federal consumer protection laws.
Dave Ramsey Baby Steps
Ramsey’s Baby Steps is a seven-step plan to help you escape debt, save money, and build wealth. The steps are:
- Baby Step 1: Save $1,000 for an emergency fund
- Baby Step 2: Pay off all your debt (except your house) using the debt snowball method
- Baby Step 3: Save 3-6 months of expenses in your emergency fund
- Baby Step 4: Invest 15% of your household income in retirement
- Baby Step 5: Save for your children’s college fund (optional)
- Baby Step 6: Pay off your house early
- Baby Step 7: Build wealth and give
Dave Ramsey Books
Ramsey is a popular personal finance author and radio personality who has helped millions of people get out of debt and build wealth. His books are known for their practical advice and no-nonsense approach to money management.
- The Total Money Makeover: This is Ramsey’s most famous book, and it outlines his seven-step plan for getting out of debt and building wealth. It’s a great starting point for anyone who wants to take control of their finances.
- Baby Steps Millionaires: This book tells the stories of ordinary people who have become millionaires by following Ramsey’s Baby Steps plan. It’s a great motivator for anyone who wants to achieve financial freedom.
- Financial Peace Revisited: This updated edition of Ramsey’s classic book includes new advice on topics like retirement planning and investing. It’s a must-read for anyone who wants to stay up-to-date on Ramsey’s latest thinking.
- Smart Money Smart Kids: This book teaches parents how to talk to their kids about money and raise financially responsible adults. It’s a great resource for anyone who wants to give their children a head start on financial success.
- EntreLeadership: This book is for business owners who want to build successful businesses while also living a good life. It’s packed with practical advice on leadership, management, and delegation.
Dave Ramsey Facebook, Twitter, and Instagram
Ramsey is active on his social media accounts. He has about 6.9 Million followers on his Facebook Page, about 959k followers on his Twitter account, and around 4.1 Million followers on his Instagram account.