As one of the most popular radio hosts in America, it’s only natural that Dave Ramsey would receive backlash for some of his opinions or stances on personal finances.
During The Ramsey Show, the Ramsey Solutions founder argued that critics of his don’t understand that he is living proof that the things he teaches about personal wealth management are items he has learned the hard way from his own financial missteps.
“You can’t out-earn your stupidity. I went broke trying that. I’m good at making money. I’ve always been good at making money. What I wasn’t good at was taking care of it once I made it. And that’s how I went broke at 28 years old,” admitted Ramsey.
“And then from then on, I’ve been telling everybody else not to do this. ‘Dave Ramsey just doesn’t understand.’ Dave Ramsey’s, done it. Shut up. I am the story. Shut up. No excuses. Work. Go do it.”
The topic was broached as Ramsey mentioned that an influx of new listeners prompted him to reiterated his seven “baby steps” to handling personal finance issues. George Kamel — a Ramsey Solutions personality — shared he began following the steps when he was 23 years old and held $40,000 in consumer debt. A decade later, Kamel has a million dollar net worth and no debt.
