Dave Ramsey Net Worth

What is Dave Ramsey’s Net Worth?

net worth:	$200 million
age:	63
date of birth:	September 3, 1960
gender:	male
high:	1.88 m (6 ft 2 in)
country of origin:	USA
Source of wealth:	entrepreneur
Last updated:	August 7, 2024

introduce

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

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

Ramsey is best known for his 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.

Ramsay’s parents were both property developers, so it was natural for him to get into the industry at an early age.

Ramsey attended Antioch High School and graduated from the University of Tennessee, Knoxville. He holds a Bachelor of Science degree in Finance and Real Estate.

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

This allowed him to start selling properties while attending college.

Profession

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

Ramsay has always been keen to get involved in real estate because of his parents’ background.

real estate

Dave Ramsey initially focused on home renovations early in his career.

During the house renovation stage of his life, he made many mistakes in calculating the renovation costs, the value of time, etc. This caused him to suffer heavy losses many times.

Ramsey later admitted that in those days he often mistakenly believed every foreclosed property was a good deal.

By 1986, as a real estate investor, doing business as Ramsey Investments, Inc., he had built a rental property portfolio valued at over $4 million.

Currently, Ramsey has a personal net worth of approximately $1 million and an annual income of at least $250,000.

Filing for bankruptcy

In order to build a real estate portfolio worth more than $4 million, Ramsay had to borrow a large amount of money from banks.

In particular, one bank loaned Ramsey about $1.2 million.

When the bank was sold to another lender, Ramsay’s situation came under review and the decision was made to call in the loan.

Another bank received word of the situation and decided to demand repayment of the $800,000 that Ramsey owed.

That means Ramsay has to come up with $2 million within the next 120 days and put it all into his real estate portfolio.

In an interview on the Iced Coffee Time podcast, Ramsay explained:

“Over the next two and a half years, we lost all our property, got sued, and went into foreclosure.”

Dave Ramsey officially filed for bankruptcy in September 1988.

Lampo Group

What’s most interesting about Dave’s story is that his initial failure led him to real wealth.

After filing for bankruptcy, Ramsey began to learn more about money and how to manage his finances.

Some of the most important principles he learned during this time were:

Get out of debt
Stay out of debt
Living expenses less than income
Have a budget
Have a plan

After following these principles, even for a short period of time, his condition began to improve; the improvement was so great that it attracted attention.

Friends and family began asking him how to get out of his financial troubles, which led him to offer financial advice to people at his local church.

In 1988, Ramsay founded Lampo Groupa financial advisory services firm, now known as The Ramsey Solution.

The Dave Ramsey Show

Ramsay began his broadcasting career in 1992 as co-host of The Money Game with Primerica’s Roy Matlock.

The radio show was known for its three-hour call-in show format, where the public could call in to explain their financial situation and seek financial advice from Ramsay.

Common scenarios include wealthy people learning how to invest properly and indebted people looking to get out of debt.

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

Ramsay’s syndicated radio show, ‘The Dave Ramsey Show’broadcast as a podcast on more than 500 radio stations in the U.S. and Canada, and as live audio and video on IHeartRadio, The Dave Ramsey Show iOS app, YouTube Live, and DaveRamsey.com.

He has appeared in many media outlets, including The Oprah Winfrey Show, “60 minutes”and The Morning Show.

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

Ramsey claimed that investors could earn an average annual return of 12%, which is the rate he used in his financial analysis.

In 2010, Ramsay was criticized on the social media site for building a large, luxurious house.

Youtube

The Ramsey Show’s YouTube channel was created in 2013 and it’s the perfect platform to upload highlights from the show.

The channel currently has over 2.3 million subscribers and has been renamed “The Ramsay Show – Highlights”.

The full show is now available to watch on a separate channel called ‘The Ramsay Show’.

Today, people tend to prefer shorter content to three-hour shows; taking clips from a single show and posting them as separate 10-minute videos has helped Ramsey’s YouTube channel reach nearly 1 billion views.

Estimated Net Worth

Dave Ramsey’s net worth is $200 million.

emphasize

Here are some highlights from Dave Ramsey’s career:

Ramsey Solution (1988)
The Dave Ramsey Show (radio show, 1992-)
Primerica’s Roy Matlock’s Money Game (1992)
YouTube users: 2.3 million (2023)

Summary

Dave Ramsey is a popular radio host who built his fortune by writing financial books, giving seminars, and hosting his radio show, The Dave Ramsey Show, which is marketed as “about your life and your money.”