Dave Ramsey Net Worth, Career, and Biography

Dave Ramsey is an American financial expert, radio broadcaster, author, and businessman. He co-hosts The Ramsey Show, a nationally syndicated radio program, and is the owner and CEO of Ramsey Solutions. In addition to being an award-winning writer, Ramsey hosted a Fox Business television program from 2007 to 2010.

Ramsey is open and honest about his investment style. Instead of buying individual stocks, he advises his followers to invest in mutual funds with a solid track record of profitability. His stakes in stocks are divided into four mutual fund categories: international, aggressive growth, growth and income, and growth.

Now, you must wonder how much is Dave Ramsey worth. In this article, we’ll discuss Dave Ramsey net worth and the source of his income.

Dave Ramsey Net Worth

Dave Ramsey net worth is estimated to be $200 million. His real estate holdings account for $150 million of his $200 million net worth. He gets paid significantly for his talks at conferences and workshops on financial topics. He gets paid $300,000 every session. Although he makes a living from a variety of sources, the royalties from his books are his primary source of income.

Ramsey has published multiple bestsellers, and his book sales on Amazon have brought in over $4 million only in the past year. He also earns millions from Dave Ramsey radio show. With Spotify, he has landed a three-year deal worth over $20 million.

Dave Ramsey Family and Personal Life

Ramsey wife is Sharon, and they married in 1982. Along with Rachel Cruze, the Ramseys have three children. All three are employed by Ramsey Solutions. Dave Ramsey's daughter, Cruze, contributed to and co-published the 2014 New York Times bestseller Smart Money, Smart Kids with Ramsey.

He identifies as an evangelical Christian and calls himself an extremist in terms of both culture and money. He has stated that presidents should take "as little as possible" action to improve the economy and has held politics responsible for what he views as Americans' reliance on finance.

Early Life

Ramsey was born into a blue-collar family in Antioch, Tennessee, who were mostly involved in construction and building homes. He was an ice hockey player at Antioch High School. After passing the real estate exam at the age of eighteen, he started selling real estate.

He continued to work in real estate sales while attending the University of Tennessee, Knoxville, where he graduated with a Bachelor of Science in finance and real estate.

Ramsey describes how, at the age of 12, he went to his father to request money so that he could buy a popsicle. He claimed that in response to his request, his father stated, "You are old enough to find a job." Money originates from there. That talk with his father gave Ramsey the idea to start his own business.

Professional Career

Ramsey declared bankruptcy in 1988 due to his inability to pay his $1.2 million loans. After years of financial recovery, Ramsey started counselling people at his neighbourhood church about money matters. He established the Lampo Group, a financial counselling service, in 1988. His first book, Financial Peace, was written and self-published by him in 1992.

In 1992, Ramsey started as one of three alternate hosts of The Money Game on WWTN radio station. Eventually, the program evolved into The Dave Ramsey Show, Ramsey's three-hour call-in radio program on which he offers daily investment guidance.

Ramsey is the author of six children's novels and five adult works, three of which were New York Times bestsellers. In 2015, he was admitted to the National Radio Hall of Fame. Ramsey's website features an investment calculator that can give you a sense of your possible earnings.

Dave Ramsey’s Five Rules

1. Start with a written budget. Ramsey suggested creating a written plan first.
2. Pay Off Your Debt.
3. Develop High-Grade Connections.
4. Invest and Save.
5. Show Generosity.

Dave Ramsey Books

Adult Works:

1. Financial Peace Planner
2. Financial Peace Revisited
3. More than Enough
4. Total Money Makeover
5. The Money Answer Book
6. The Total Money Training Plan
7. EntreLeadership

Children’s Novel:

1. Financial Peace Junior
2. The Big Birthday Surprise
3. The Super Red Racer
4. Careless at the Carnival
5. Adventures in Space
6. Battle of the Chores

Real Estates

Dave and Sharon Ramsey had resided in a specially constructed five-acre house in Franklin, Tennessee. At a cost of $1.5 million, they acquired the land in 2008. They paid cash; that is, they did not obtain a mortgage, as per his own recommendation. After a year, they finished building a 13,545-square-foot house.

Before selling her customized 13,000-square-foot estate in 2012 for $4.1 million, singer LeAnn Rimes lived right next door. In February 2021, the Ramseys put their house up for sale, asking $15.45 million. In August 2021, they finally received $10.2 million. Within the same month, they spent $3.75 million on a 7,000-square-foot house in College Grove, Tennessee.

Frequently Asked Questions

Q. Is Dave Ramsey worth a billion dollars?

No. According to recent estimates, Dave Ramsey's net worth is approximately $200 million.

Q. Did Dave Ramsey serve in any armed forces?

Dave Ramsey served in the military for very different lengths of time, but his experiences share many remarkable parallels.

Q. Why is Dave Ramsey so famous?

Dave Ramsey has supported clients in regaining control over their finances and lives. In addition, he is the host of The Ramsey Show, a personal financial expert, and an eight-time national bestseller book.