Originally Posted by Ws6
Originally Posted by wallyuwl
I wonder if Dave Ramsey paid cash for that $80k truck, as he said everyone should do for everything (including houses)? It is easy to not use credit when you are loaded, like he is.
Dave Ramsey makes money by telling people things. Not by actually doing them. While I admire his ingenuity in creating this job for himself, and don't wish him anything but the best, I don't look up to people who have "do nothing" jobs. He's like a pastor, basically, in essence. He makes people feel good and they pay him for t hat service. He just worked the deity aspect out of the picture is all.
I wouldn't call his Job a "do nothing" job. He makes a great living helping people get out of debt and get their finances under control. Just because he is a successful author and reaches far more people than a normal financial advisor doesn't mean he hasn't created an important service and role. While I don't 100% agree with his investing advice, his steps to get out of debt has created an incredible amount of net worth millionaires because his plan creates discipline, one of the most important factors in goal setting.
As for the $80k truck paying cash for Dave is like most of us buying a meal at Wendy's.
The link below is the new $70 million dollar Ramsey Solutions building paid for in cash sitting on 47 acres in Franklin, TN which was also bought for $10.8 million in cash. That's over $80 million in cash, totally insane. Google still states his net worth @ $55 million. It's probably closer to 1/2 a Billion as Ramsey Solutions reportedly does about $200 million a year in revenue. I'd be interested to see the profit margins.
Ramsey Solution Headquarters