Dave Ramsey is a popular financial guru and author who hosts a nationally syndicated radio show and has a sizable following of listeners and readers. Ramsey is especially popular among Christians because many of his financial principles are rooted in Christian values and biblical teachings. Ramsey has been open about his volatile business career prior to becoming a finance pundit, which included building a $4 million real estate portfolio and then losing it all to bankruptcy before age 30.
Since then, Ramsey has been a financial success in his personal life and now has an estimated net worth in the $200 million range. He encourages his followers to emulate his techniques, which include avoiding any individual stocks and instead buying top-performing mutual funds. Ramsey’s critics say that some of his financial advice is questionable, however, and building wealth using Ramsey’s techniques may be more difficult or risky than it seems.
Here’s a look at Ramsey’s investing philosophy and how it compares to common financial advice:
Dave Ramsey’s career as an entrepreneur began when he was 12 years old and started a lawn care business in his hometown….
