Dave Ramsey Net Worth

How much is Dave Ramsey’s net worth?

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net worth:	$200 million
age:	63
Birth:	September 3, 1960
gender:	Male
Height:	1.88 m (6 ft 2 in)
country of origin:	United States of america
Sources of funds:	entrepreneur
Last Updated:	August 7, 2024

Introduction

Dave Ramsey’s net worth is approximately $200 million.

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Dave Ramsey is an American radio show host and businessman from Tennessee.

Ramsey is best known for the syndicated radio program The Dave Ramsey Show.

He has written numerous books, including five New York Times bestsellers.

early life

David Lawrence Ramsey III was born on September 3, 1960, in Antioch, Tennessee.

Both of Ramsey’s parents were real estate developers, so naturally, he was drawn to the industry from an early age.

Ramsey graduated from Antioch High School and the University of Tennessee, Knoxville. His Bachelor of Science degree was in Finance and Real Estate.

After graduating from high school in 1978, Ramsey took the real estate licensing exam at the age of just 18.

This allowed him to start selling property alongside his studies at university.

Livelihood

Ramsey’s career began in 1978, while he was still attending college.

Given his parents’ background, Ramsey was always interested in joining the real estate industry.

real estate

Dave Ramsey focused on house flipping early in his career.

There were many times during the house-flipping phase of his life when he made several mistakes with regards to calculating renovation costs, the value of his time, etc. Due to which, he faced huge losses many times.

Ramsey admits that in those days, he often made the mistake of thinking every foreclosed property was a good deal.

By 1986, as a real estate investor, doing business under the name Ramsey Investments, Inc., he had built a rental real estate portfolio worth over $4 million.

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At this time, Ramsey’s personal net worth is approximately $1 million and he was earning at least $250,000 a year.

Applying for Bankruptcy

In order to build a real estate portfolio worth over $4 million, Ramsey had to borrow a lot of money from banks.

One bank in particular lent Ramsey approximately $1.2 million.

When the bank was sold to another bank, Ramsey’s position was reviewed, and it was decided that the loan would be called back.

Another bank found out about the situation, and decided to ask Ramsey for the $800,000 he owed them back.

This meant that Ramsey would have to raise $2 million within the next 120 days, which he would invest entirely in his real estate portfolio.

In an interview on the Iced Coffee Hour podcast, Ramsey explains:

“We spent the next two and a half years losing everything, we were sued and our property was seized.”

Dave Ramsey officially filed for bankruptcy in September 1988.

Lampo Group, Inc

The most interesting thing about Dave’s story is that his initial downfall helped him achieve true wealth.

After filing for bankruptcy, Ramsey began learning more about money and how he should manage his finances.

Some of the biggest principles he learned during this time were:

get out of debt
Stay away from debt
live on less than you earn
Keep a budget
have a plan

After following these principles for even a short time, his condition began to improve; so much so that people even noticed it.

Friends and family began asking him how he got out of their financial troubles, and he began giving financial advice to people at his local church.

In 1988, Ramsey founded the ‘The Lampo Group, Inc.’a financial consulting service now known as ‘Ramsey Solutions’,

The Dave Ramsey Show

In 1992, Ramsey began his radio career by co-hosting The Money Game with Primerica’s Roy Matlock.

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The radio show is known for its 3-hour call-in format, where ordinary people can explain their financial situation and ask Ramsey for financial advice.

Common situations included people who had money and were learning how to invest it properly, and people who were in debt and wanted to get out.

Over time, this local show on a radio station in Nashville morphed into The Dave Ramsey Show.

Ramsey’s syndicated radio program, ‘The Dave Ramsey Show’The Dave Ramsey Show is heard on over 500 radio stations in the United States and Canada, in podcast format, on iHeartRadio, as an iOS application, live on YouTube, as well as live audio and video at DaveRamsey.com.

She has been featured on several media outlets including ‘The Oprah Winfrey Show’, ’60 minutes’And ‘The Early Show’,

He recorded a pilot and six unaired episodes of The Dave Ramsey Project for CBS.

Ramsey claims that investors can achieve an average annual return of 12%, which is the rate he uses in his financial analysis.

In 2010, Ramsey faced criticism on social media sites for building a large and lavish home.

YouTube

The Ramsey Show YouTube channel was created in 2013, and it was the perfect platform to upload highlight videos of the show.

This channel now has over 2.3 million subscribers and has been renamed to ‘The Ramsey Show – Highlights’,

The full-length shows can now be watched on a separate channel called ‘The Ramsey Show’,

People these days often prefer short-format content rather than watching a 3-hour show; taking multiple clips from the same show and publishing them as separate 10-minute videos has led to Ramsey’s YouTube channel garnering nearly 1 billion views.

estimated net worth

Dave Ramsey’s net worth is $200 million.

Highlights

Here are some of the best highlights of Dave Ramsay’s career:

Ramsey Solutions (1988)
The Dave Ramsey Show (radio program, 1992-)
The Money Game (1992) with Roy Matlock of Primerica
2.3 million YouTube subscribers (2023)

Summary

Dave Ramsey is a popular radio host who has earned his net worth through his financial books, seminars, and radio show “The Dave Ramsey Show.” The show is promoted with the tagline “It’s about your life and your money.”