Dave Ramsey; Can He Really Get You Out of Debt?
Posted on | October 25, 2009 | 1 Comment
As many of you may know, Dave Ramsey has greatly gained in popularity as the recession continues to hit Americans hard when it comes to personal finance. Mr. Ramsey has written several books on getting out of debt and has a syndicated radio show that is heard across the nation. The show is also broadcast on FoxNews and FoxBusiness. Rasmey is known for his Christian background and straightforwardness when it comes to getting out of debt.
Why should you listen to Dave Rasmey? Ramsey built a rental real estate portfolio worth over $4 million by the age of 26. With the Tax Reform Act of 1986 Ramsey lost one of his largest investors due to the fact that the investor did some research on Ramsey’s borrowing habits. At this point the bank demanded that Ramsey pay $1.2 million worth of short-term notes in 90 days. This, in turn, forced him to file bankruptcy.
By living through a personal bankruptcy and going from rich to broke Dave Ramsey has lived through it all financially. After filing bankruptcy Ramsey started to advise couples at his church. He then made it a point to attend every workshop available on personal finance and the problems Americans have. He developed a set of rules through his own experience as well as the teachings of others including Larry Burkett and Ron Blue. After counseling many couples Rasmey wrote his first book Financial Peace.
Today you can watch the Dave Ramsey Show on FoxNews and FoxBusiness or you can listen to his syndicated radio show on XM or Sirius Satellite Radio. He has many great tactics to get out of debt and if you are at a standstill when it comes to climbing the mountain of debt he might be a great resource to use.
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Author: Jesse Wojdylo
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One Response to “Dave Ramsey; Can He Really Get You Out of Debt?”
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October 26th, 2009 @ 5:11 am
Jesse, this article is full of misspellings and errors in grammar. This carelessness erodes your credibility and is not a good reflection on the topic at hand, in this case Dave Ramsey. Please proof it and resubmit.