Dave Ramsey’s name is recognized by many around the US as his financial consultant through his radio show and books. He has made a name for himself as a radio personality and is best known for his amazing finance-related advice. Ramsey is also a bestselling author.
The finance consultant has found much recognition for his work in the world. But apart from his advice, people are also very interested in knowing about Dave’s personal journey. So, here we will look at Ramsey’s family life, career, and relationships.
Where Is Dave Ramsey From?
The popular finance consultant was born David Lawrence Ramsey III in Nashville, Tennessee, on 3rd September 1960. He is the son of real estate developers but besides this, no further information about Dave Ramsey’s parents and family is available in the media. Moreover, he has not opened up much about how and what his childhood was like.
What we do know is that Dave attended Antioch High School and played ice hockey there. Then at the age of 18, he took the real estate exam and started selling properties soon after. Ramsey continued with the trade while also attending The University of Tennessee, Knoxville. He received a Bachelor of Science degree in finance and real estate from there.
How Did Dave Ramsey’s Career As A Finance Consultant Start?
Having been born and brought up in a family of real estate developers resulted in Dave Ramsey himself working in the field. He found immense success and had amassed a portfolio worth over $4 million by 1986. However, Dave’s rise in the real estate world was hindered in 1987 when the Competitive Equality Banking Act took effect.
Following this act, many banks changed ownership and recalled Dave’s $1.2 million loans and credit. Sadly he was unable to pay the sum and this led to Ramsey filing for bankruptcy in 1988. But the Tennessee native picked up the pieces and started his road to financial recovery. He also began offering monetary and financial advice to couples at his local church which paved his path to consultancy. He then founded the company, the Lampo Group, and started providing financial counseling services through it.
Dave self-published his first book titled Financial Peace in 1992 which documented his advice for people. He also started his radio career as an alternate host of the WWTH/Nashville’s The Money Game. This show eventually became the highly popular The Dave Ramsey Show. Dave hosts the three-hour-long call-in financial advice talk show daily to this day.
Furthermore, he also released a video-based personal finance course in 1994 and reportedly sold it for $129.99 per kit.
Dave continued to provide financial consultancy through his company and also had a financial column that was run by the Gannett newspaper group Then in 2014, rebranded the firm as Ramsey Solutions and the headquarter was established in Franklin, Tennessee. Ramsey also hosted The Dave Ramsey Show on the Fox Business Network between 2007 and 2010.
Well, having found fame as a financial consultant has resulted in Dave Ramsey’s net worth being estimated at $200 million. His ventures as a financial consultant, and radio and television host have helped Dave earn a massive sum throughout the years.
Furthermore, he has published 5 books for adults and 6 children’s books, many of which are bestsellers. So, it is evident that book sales have also helped increase Ramsey’s fortune.
Who Is Dave Ramsey Married To?
Talking about his love life, Dave is married to his long-term partner, Sharon Ramsey. The duo tied the knot in 1982 and welcomed three children namely, Denise Ramsey Whittemore, Daniel Ramsey, and Rachel Ramsey Cruze.
While there is no information regarding his two kids, we know that Dave Ramsey’s daughter, Rachel has followed in his footsteps into the financial world. Well, the Ramsey family resides in Nashville, Tennessee, and even had a custom-built home there. Dave reportedly sold the property in 2021 for $10.2 million. However, there are reports that the financial consultant was having another house built in the area.
Well, it is evident that Dave Ramsey has found much fame and fortune from his work. We wish him more success in the coming days.