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'''David L. Ramsey III''' (born September 3, 1960) is an ] financial ], ], ], and ]. '''David L. Ramsey III''' (born September 3, 1960) is an ] financial ], ], ], and ].


Ramsey's ] ] program '']'' is promoted with a tagline that "It's about life and money," and it is heard on over 400 radio stations throughout the ] and ], as well as on ] and ].<ref name="Axia Interview: Blake Thompson">{{Cite web|url=http://www.axiaaudio.com/interviews/features/ramsey.htm|title=Axia Interview with Blake Thompson, producer of The Dave Ramsey Show|accessdate=2006-12-03|publisher=www.axiaaudio.com}}</ref> He has written numerous books. His books and broadcasts often feature a ] perspective that reflects Ramsey's own religious beliefs. Ramsey's ] ] program '']'' is promoted with a tagline that "It's about life and money," and it is heard on over 400 radio stations throughout the ] and ], as well as on ] and ].<ref name="Axia Interview: Blake Thompson">{{Cite web|url=http://www.axiaaudio.com/interviews/features/ramsey.htm|title=Axia Interview with Blake Thompson, producer of The Dave Ramsey Show|accessdate=2006-12-03|publisher=www.axiaaudio.com}}</ref> He has written numerous books. His books and broadcasts often feature a ] perspective that reflects Ramsey's own religious beliefs. Ramsey was named the 2009 Marconi Award winner for Network/Syndicated Personality of the Year.<ref name="2009 Marconi Award winners">{{Cite web|url=http://www.nab.org/AM/Template.cfm?Section=Press_Releases1&CONTENTID=14966&TEMPLATE=/CM/ContentDisplay.cfm}}


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

Revision as of 20:14, 25 September 2009

David L. Ramsey III (born September 3, 1960) is an American financial author, radio host, television personality, and motivational speaker.

Ramsey's syndicated radio program The Dave Ramsey Show is promoted with a tagline that "It's about life and money," and it is heard on over 400 radio stations throughout the United States and Canada, as well as on XM and Sirius satellite radio. He has written numerous books. His books and broadcasts often feature a Christian perspective that reflects Ramsey's own religious beliefs. Ramsey was named the 2009 Marconi Award winner for Network/Syndicated Personality of the Year.Cite error: A <ref> tag is missing the closing </ref> (see the help page). for CBS; however, the Network decided not to air the program. He is the host of The Dave Ramsey Show at 8 p.m. ET and repeated weekdays on the Fox Business Network.

Biography

Ramsey was born and raised in Antioch, Tennessee, United States, North America. At the age of 26, through his brokerage firm, Ramsey Investments, Inc., he built a rental real estate portfolio worth more than $4 million and became one of Tennessee's youngest brokers to be admitted to the Graduate Realtors Institute.

Ramsey's success soon came to an end as the Tax Reform Act of 1986 began to have a negative impact on 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 for bankruptcy.

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 on works and teachings by Larry Burkett and Ron Blue. After many requests from his clients, in 1992 wrote his first book Financial Peace.

Ramsey has been married to his wife, Sharon, for 25 years; they have three children: Denise; Rachel; and Daniel. The family resides in Brentwood.

The Dave Ramsey Show

Main article: The Dave Ramsey Show

Ramsey started his radio show, currently known as The Dave Ramsey Show, in 1992 under the title of The Money Game. Originally a locally based show, it is now syndicated across the country. In 2007, the Fox Business Network launched a television show under the same title. Both shows are on air Monday through Friday.

Related companies

The Lampo Group, Inc.

Ramsey founded his company, the Lampo Group in 1991, 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. Between 1999 and 2004, The Lampo Group grew from 18 to 105 team members. There are currently over 200 team members.

Ramsey runs his business completely debt-free, an accomplishment he states was critical to the success of his company.

Financial Peace University

Ramsey is also the creator of Financial Peace University, a Biblically based 13-week video training series for adults, and a companion series targeted at teenagers that has been offered in schools across the nation. Some topics covered in the series are cash flow planning, investing, saving, credit, retirement, and giving.

Share It!

"Share It!" is a foundation created by Dave and Sharon Ramsey for the purpose of working with other non-profit organizations such as housing initiatives, work to success projects, domestic violence shelters, drug and alcohol recovery programs, crisis pregnancy centers, youth outreaches, and high schools to help others become financially literate.

Criticism

Ramsey has been criticized in financial circles for offering overly simplistic solutions to financial issues.

The Nashville Scene has reported that Ramsey occasionally receives e-mails and letters containing the Biblical verse: "And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God." (Matthew 19:24 KJV) Ramsey interprets such communications to be a rebuke of his own wealth and a call for poverty.

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 the employee has since left the company. Despite claiming to not have made the mistake himself, Ramsey accepted overall responsibility, offering refunds to the newspapers affected by the error.

Wall Street Journal best-selling author and nationally syndicated columnist Eric Tyson criticizes Ramsey for referring listeners to endorsed, commission-based brokers (who pay fees back to Ramsey) instead of fee-based advisors; and for advocating portfolios containing only stocks instead of portfolios balanced with bonds. Tyson also cites Ramsey's exaggeration of expected stock market returns, his focus on high-risk growth funds instead of safer index and life-cycle funds, and his failure to state the importance of investment expenses.

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 (1997) ISBN 0-67-087361-6
  • The Financial Peace Planner: A step-by step guide to restoring your family's financial health (1998) ISBN 0-14-026468-X
  • How to Have More than Enough: A Step-by-Step Guide to Creating Abundance (2000) ISBN 0-14-028193-2
  • More than Enough: The Ten Keys to Changing Your Financial Destiny (2002) ISBN 0-14-200047-7
  • Financial Peace Revisited (2002) ISBN 0-670-03208-5
  • The Total Money Makeover: A Proven Plan For Financial Fitness (2003) ISBN 0-7852-6326-8
  • Total Money Makeover Workbook (2004) ISBN 0-7852-6327-6
  • The Money Answer Book: Quick Answers to Everyday Financial Questions (2005) ISBN 0-8499-9619-8
  • Priceless: Straight-Shooting, No-Frills Financial Wisdom (2006) ISBN 0-9774895-9-0

Kids' books

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

Contributions

  • 48 Days To The Work You Love by Dan Miller, Foreword by Dave Ramsey (2005) ISBN 0-8054-3188-8

See also

References

  1. "Axia Interview with Blake Thompson, producer of The Dave Ramsey Show". www.axiaaudio.com. Retrieved 2006-12-03.
  2. Fox Business Network Names Radio Show Personality Dave Ramsey As Primetime Host
  3. ^ 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).
  4. Focus on the Family (Dr. James Dobson) - Broadcast Archives
  5. ^ Dave Ramsey (2006). "Our Company History". daveramsey.com. Retrieved 2006-12-03.
  6. Mike Kinosian (2005). "The Inside Story with Mike Kinosian: Behind The Dave Ramsey Show" (PDF). InsideRadio.com. Retrieved 2006-12-03.
  7. Beth Tallent (2007). "THOUSANDS OF STUDENTS ACROSS THE COUNTRY LEARN LIFES FINANCIAL LESSONS FROM DAVE RAMSEY". DaveRamsey.com. Retrieved 2007-03-21.
  8. "About Us". shareittoday.org. Retrieved 2006-12-03.
  9. Ramsey, Dave (2003). The Total Money Makeover: A Proven Plan for Financial Fitness. Nashville, Tennessee: Thomas Nelson, Inc. p. 5. 0-7852-6326-8.
  10. Cite error: The named reference DaveGospel was invoked but never defined (see the help page).
  11. http://www.tennessean.com/business/archives/04/06/53312885.shtml
  12. http://www.erictyson.com/articles/20090313

External links

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