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*The ''[[Nashville Scene]]'' has reported that Ramsey occasionally receives e-mails and letters containing the Biblical verse, "Again I tell you, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.'” (Matthew 19:24 [[New International Version|NIV]]) which he sees as a rebuke of his wealth and a call for poverty.<ref name="DaveGospel" />
*The ''[[Nashville Scene]]'' has reported that Ramsey occasionally receives e-mails and letters containing the Biblical verse, "Again I tell you, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.'” (Matthew 19:24 [[New International Version|NIV]]) which he sees as a rebuke of his wealth and a call for poverty.<ref name="DaveGospel" />
*In 2004, Ramsey's column was dropped from ''[[The Tennessean]]'' and four other newspapers owned by [[Gannett Company|Gannett, Co.]] after it was discovered that the identities of those seeking help were falsified in several of his columns. A Lampo executive vice president attributed the duplications to a young former employee who was in charge of selecting and editing the column questions and answers, and said employee had since left the company. Despite claiming to not have made the mistake himself, Ramsey accepted responsibility for the error and offered refunds to the newspapers affected by the error.<ref name="ramsey1">http://www.tennessean.com/business/archives/04/06/53312885.shtml</ref>
*In 2004, Ramsey's column was dropped from ''[[The Tennessean]]'' and four other newspapers owned by [[Gannett Company|Gannett, Co.]] after it was discovered that the identities of those seeking help were falsified in several of his columns. A Lampo executive vice president attributed the duplications to a young former employee who was in charge of selecting and editing the column questions and answers, and said employee had since left the company. Despite claiming to not have made the mistake himself, Ramsey accepted responsibility for the error and offered refunds to the newspapers affected by the error.<ref name="ramsey1">http://www.tennessean.com/business/archives/04/06/53312885.shtml</ref>
*Some consider Dave Ramsey a hypocrite for accepting Visa and Mastercard on his web site to purchase his materials. He states on the page clearly that he takes the [http://www.daveramsey.com/shop/_W26C113.cfm#debitcardpolicy debit card] and is unable to not take the credit versions due to the "Visa and Mastercard virtual monopoly on the debit card industries prohibits merchants from only taking debit cards" and that anyone who goes against the debit card policy is a "shady and dishonest character".<ref>http://www.freemoneyfinance.com/2007/10/i-think-dave-ra.html</ref>


== Publications ==
== Publications ==

Revision as of 04:08, 6 January 2008

David L. Ramsey III (b. September 3, 1960) is an American financial writer, radio and television host.

His syndicated radio program, The Dave Ramsey Show, is promoted with a tagline that it is about "Life and Money," and is heard on over 300 radio stations throughout the United States and Canada, and also on XM and Sirius satellite radio.[1] He has written over 14 books, three of which have been on the New York Times Best Seller list.[2] His books and broadcasts often feature a Christian perspective that reflects Ramsey's own religious beliefs.

Ramsey's current company, The Lampo Group, is headquartered in Brentwood, Tennessee and oversees three divisions geared toward financial counseling.

He has been featured on many media outlets including The Oprah Winfrey Show, 60 Minutes, and The Early Show on CBS. He has also recorded a pilot and six episodes of a reality show named The Dave Ramsey Project.[3] He is the host of The Dave Ramsey Show at 8PM ET on the new Fox Business Network. [4]

Biography

Ramsey was born in Antioch, Tennessee and raised in Nashville, Tennessee. Ramsey received a Bachelor of Science degree with double majors in Finance and Real Estate at the University of Tennessee in 1982[1], shortly thereafter finding a niche market in foreclosure real estate. At the age of 26, through his brokerage firm, Ramsey Investments, Inc., he had built a rental real estate portfolio worth more than $4 million. He became one of Tennessee's youngest brokers to be admitted to the Graduate Realtors Institute.[5]

Ramsey's debt-fueled success soon came to an end as the Tax Reform Act of 1986 began to negatively impact the real estate business. One of Ramsey's largest investors was sold to a larger bank, who began to take a harder look at Ramsey's borrowing habits. The bank demanded he pay $1.2 million worth of short-term notes within 90 days, forcing him to file bankruptcy.[5]

Ramsey vowed to never again borrow money, and after several years of struggle, he eventually recovered his financial footing. After several friends asked for advice with their own financial troubles, Ramsey began counseling couples at his local church. Soon after offering private counseling services, Ramsey began attending every workshop and seminar on consumer financial problems that he could find. He developed a simple set of lessons and materials based partially on his own experience, and after many requests from his clients, in 1992 wrote his first book Financial Peace.[5]

Ramsey has been married to his wife, Sharon, for 25 years, and they have three children, Denise, Rachel, and Daniel. The family resides in Nashville.[5] Ramsey's Protestant Christian beliefs have formed a fundamental influence in his life and a growing presence on his radio show.

The Lampo Group, Inc.

Ramsey founded his company, the Lampo Group in 1991[6], initially helping people one-on-one who were struggling with financial issues. In 1994 he hired Russ Carroll, Ramsey's lead financial counselor, and together they began teaching the first Financial Peace University classes on overhead projectors.[6] Between 1999 and 2004, The Lampo Group grew from 18 to 105 team members.

Ramsey claims to run his business completely debt-free, an accomplishment he states was critical to the success of his company.[7]

Financial Peace University

Ramsey is also the creator of Financial Peace University, a 13-week video training series, and a companion series targeted at teenagers that has been offered in more than 1,200 schools in 46 states.[8]

The Dave Ramsey Show (Radio)

The Dave Ramsey Show
GenreFinancial talk
Running time3 hours per episode
Country of originUnited States United States
Home station99.7 WWTN
StarringDave Ramsey
Created byDave Ramsey
Executive producer(s)Blake Thompson
Original release1992 –
present
Opening theme"Baker Street" by Gerry Rafferty
Websitehttp://daveramsey.com/radio

The Dave Ramsey Show is a three-hour, self-syndicated radio program and podcast that airs Monday through Friday from 2-5 EST. It is primarily broadcast from Brentwood, Tennessee, though often during the summer it is broadcast via remote from Ramsey's lake house.[1]

Ramsey takes numerous live calls on the theme of finance and, occasionally, money-related Christian philosophy as it pertains to tithing, etc. During the show, Ramsey discusses various life and money-related issues with callers. One notable difference between his and other financial shows was that Ramsey attempts to go beyond the mathematical mechanics and reach his callers through an emotional and spiritual level.[9]

The program began in 1992 when Ramsey, while selling copies of Financial Peace out of the trunk of his car, was a guest on 99.7 WWTN.[6] The station had recently filed Chapter Eleven bankruptcy and one of its hosts had quit after not getting paid, leaving the station scrambling to fill the hole in its lineup. Ramsey offered to do a one-hour show for free for one month, not entirely expecting to be successful. The Money Game went on the air with Ramsey co-hosting, along with a friend of his[10], presumably either Hal Wilson[11], or Roy Matlock[12]. The program was quite popular in Nashville. Reportedly, when WWTN asked Ramsey who would be syndicating his show, Ramsey simply pointed to Blake Thompson, who continues as executive producer of the show to this day. As Bill Hampton, Vice President of The Lampo Group stated, "they learned syndication from the ground up."[7]

The Money Game changed its name to The Dave Ramsey Show in mid 1996.[5] As of 2006 , the show is heard in over 300 markets.[13] In 2006, the show received two nominations for the 2006 Radio & Records News/Talk Industry Achievement Awards. It is the fifth year in a row for Dave Ramsey in the "Syndicated Personality of the Year" category, and the second year in a row for Bill Hampton in the "Executive of the Year" category.[13]

On the success of the show, Bill Hampton has stated that the show did $2.5 million in network sales in 2005, while MyTMMO.com did $1.2 million. He also stated the show would bring in an estimated $3.7 million from advertisers.[7] The show is now also available on podcast via iTunes.

Ramsey's show is one of very few national radio shows to be self-syndicated. The program is not connected to any national network or programming service, and is distributed directly to local stations.

The Dave Ramsey Show (Television)

The Dave Ramsey Show airs live on Fox Business Network weeknights at 8PM ET.

Other Ramsey Programs

Live events

Dave Ramsey also hosts live events which are largely based on the Total Money Makeover series; incorporating humor with financial advice. [14] Beginning in 2007 a prerecorded video stream of a live event was also offered online at Ramsey's website.

Endorsed Local Providers (ELP)

ELPs are financial professionals who are essentially fans of The Dave Ramsey Show, and for the endorsement of his program help local area Ramsey listeners with advice on investing, accounting, health insurance, and real estate. Part of the requirements of becoming an ELP is that the advisor "have the heart of a teacher," in that the advisor is willing to explain products and how they work as opposed to selling products that simply make the most profit.[14]

Share It!

"Share It!" is a foundation created by Dave and Sharon Ramsey for the purpose of working with other nonprofit organizations such as housing initiatives, welfare-to-work projects, domestic violence shelters, drug and alcohol recovery programs, crisis pregnancy centers, youth outreaches, and high schools to help others become financially literate.[15] One of products sold on Dave Ramsey's website for which proceeds go entirely to this charity is the "Freedom" wristband.[2]

Criticism

  • Ramsey has been criticized in financial circles for offering simplistic solutions to "complex" financial issues. [16]
  • Ramsey has occasionally been criticized for perceived arrogance, right-wing political views or perceived inaccurate financial advice.[3]
  • The Nashville Scene has reported that Ramsey occasionally receives e-mails and letters containing the Biblical verse, "Again I tell you, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.'” (Matthew 19:24 NIV) which he sees as a rebuke of his wealth and a call for poverty.[3]
  • In 2004, Ramsey's column was dropped from The Tennessean and four other newspapers owned by Gannett, Co. after it was discovered that the identities of those seeking help were falsified in several of his columns. A Lampo executive vice president attributed the duplications to a young former employee who was in charge of selecting and editing the column questions and answers, and said employee had since left the company. Despite claiming to not have made the mistake himself, Ramsey accepted responsibility for the error and offered refunds to the newspapers affected by the error.[17]
  • Some consider Dave Ramsey a hypocrite for accepting Visa and Mastercard on his web site to purchase his materials. He states on the page clearly that he takes the debit card and is unable to not take the credit versions due to the "Visa and Mastercard virtual monopoly on the debit card industries prohibits merchants from only taking debit cards" and that anyone who goes against the debit card policy is a "shady and dishonest character".[18]

Publications

Additionally, The Total Money Makeover, Financial Peace Revisited, and More than Enough are available in Spanish.

Financial advice

  • Financial Peace: Restoring Financial Hope to You and Your Family
Hardcover: 270 pages
Publisher: Viking Adult (January 1, 1997)
ISBN 0-67-087361-6
  • The Financial Peace Planner: A step-by step guide to restoring your family's financial health
Paperback: 288 pages
Publisher: Penguin (Non-Classics) (January 1, 1998)
ISBN 0-14-026468-X
  • How to Have More than Enough: A Step-by-Step Guide to Creating Abundance
Paperback: 336 pages
Publisher: Penguin (Non-Classics) (April 1, 2000)
ISBN 0-14-028193-2
  • More than Enough: The Ten Keys to Changing Your Financial Destiny
Paperback: 352 pages
Publisher: Penguin (Non-Classics); 1st edition (February 15, 2002)
ISBN 0-14-200047-7
  • Financial Peace Revisited
Hardcover: 352 pages
Publisher: Viking Adult (December 30, 2002)
ISBN 0-670-03208-5
  • The Total Money Makeover: A Proven Plan For Financial Fitness
Hardcover: 224 pages
Publisher: Nelson Books (September 11, 2003)
ISBN 0-7852-6326-8
  • Total Money Makeover Workbook
Paperback: 240 pages
Publisher: Nelson Impact (January 21, 2004)
ISBN 0-7852-6327-6
  • The Money Answer Book: Quick Answers to Everyday Financial Questions
Paperback: 160 pages
Publisher: Nelson Books (January 17, 2005)
ISBN 0-8499-9619-8
  • Priceless: Straight-Shooting, No-Frills Financial Wisdom
Hardcover: 135 pages
Publisher: Lampo Press (August 2006)
ISBN 0-9774895-9-0

Kids' books

  • The Super Red Racer: Junior Discovers Work
Hardcover: 32 pages
Publisher: Lampo Press (January 2003)
ISBN 0-9726323-0-1
  • Careless At The Carnival: Junior Discovers Spending
Hardcover: 26 pages
Publisher: Lampo Press (October 2003)
ISBN 0-9726323-1-X
  • The Big Birthday Surprise: Junior Discovers Giving
Hardcover: 26 pages
Publisher: Lampo Press (October 2003)
ISBN 0-9726323-2-8
  • My Fantastic Fieldtrip: Junior Discovers Saving
Hardcover: 26 pages
Publisher: Lampo Press (October 2003)
ISBN 0-9726323-3-6
  • A Special Thank You: Junior Discovers Integrity
Hardcover: 32 pages
Publisher: Lampo Press (August 2005)
ISBN 0-9769630-0-0
  • Battle of the Chores: Junior Discovers Debt
Hardcover: 32 pages
Publisher: Lampo Press (August 2005)
ISBN 0-9769630-1-9

Contributions

  • 48 Days To The Work You Love by Dan Miller, Foreword by Dave Ramsey
Hardcover: 224 pages
Publisher: B&H Publishing Group (January 2005)
ISBN 0-8054-3188-8

See also

References

  1. ^ a b "Axia Interview with Blake Thompson, producer of The Dave Ramsey Show". www.axiaaudio.com. Retrieved 2006-12-03.
  2. ^ "New York Times Bestseller list as of October 15, 2006". New York Times Best-Seller List. Poor Richard Web Press. Retrieved 2006-12-03.
  3. ^ a b c Drury, Susan (2007-05-31). "The Gospel According to Dave". Nashville Scene. Retrieved 2007-07-16. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  4. ^ http://www.daveramsey.com/etc/cms/dave_fox_business_network_7703.htmlc
  5. ^ a b c d e Ramsey, Dave (2003). Financial Peace Revisited. Harmondsworth, Middlesex, England: Viking Penguin. p. 325. 0-670-03208-5. {{cite book}}: Unknown parameter |coauthors= ignored (|author= suggested) (help) Cite error: The named reference "GRI" was defined multiple times with different content (see the help page).
  6. ^ a b c Dave Ramsey (2006). "Our Company History". daveramsey.com. Retrieved 2006-12-03.
  7. ^ a b c Mike Kinosian (2005). "The Inside Story with Mike Kinosian: Behind The Dave Ramsey Show" (PDF). InsideRadio.com. Retrieved 2006-12-03.
  8. ^ Beth Tallent (2007). "THOUSANDS OF STUDENTS ACROSS THE COUNTRY LEARN LIFE'S FINANCIAL LESSONS FROM DAVE RAMSEY". DaveRamsey.com. Retrieved 2007-3-21. {{cite web}}: Check date values in: |accessdate= (help)
  9. ^ Joe Howard, Editor-In-Chief (2006). "Dave Ramsey: Money in the Bank (10/02/06)". Radio Ink. Retrieved 2006-12-03. {{cite web}}: |author= has generic name (help)
  10. ^ Dave Ramsey (2006). "About us". daveramsey.com. Retrieved 2006-12-03.
  11. ^ Hal Wilson. "The Wilson Group Real Estate". Wilson Group Real Estate. Retrieved 2006-12-03.
  12. ^ Jan Duke. "The Money Game". About Nashville, TN. Retrieved 2006-12-03.
  13. ^ a b Beth Tallent (2006). ""THE DAVE RAMSEY SHOW" ADDS 300TH STATION". daveramsey.com. Retrieved 2007-03-21. Cite error: The named reference "Ramsey Media Relations" was defined multiple times with different content (see the help page).
  14. ^ a b Beth Tallent. "The Product We Sell is Hope!". daveramsey.com. Retrieved 2006-12-03.
  15. ^ "About Us". shareittoday.org. Retrieved 2006-12-03.
  16. ^ Ramsey, Dave (2003). The Total Money Makeover: A Proven Plan for Financial Fitness. Nashville, Tennessee: Thomas Nelson, Inc. p. 5. 0-7852-6326-8.
  17. ^ http://www.tennessean.com/business/archives/04/06/53312885.shtml
  18. ^ http://www.freemoneyfinance.com/2007/10/i-think-dave-ra.html

Further reading

  • Dave Ramsey, The Total Money Makeover ISBN 0-7852-6326-8
  • Dave Ramsey, Financial Peace, Revisited ISBN 0-670-03208-5
  • Dave Ramsey, More Than Enough ISBN 0-14-200047-7
  • Dave Ramsey, The Money Answer Book ISBN 0-8499-9619-8
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