He has been a guest on many American television programs, including the Oprah Winfrey Show and 60 Minutes.
Dave Ramsey (born David L. Ramsey III on September 3, 1960) definitely has an interesting financial background. He became a millionaire at the age of 26 through his real estate investment company.
And then, also at the age of 26, he was forced to file for bankruptcy due to a change in the tax code (Tax Reform Act of 1986) that negatively affected his real estate investments.
Not one to stay down, he went back to work rebuilding his finances. He sums up that period in his life on his website:
I also realized that if I could learn to manage the character I shaved with every morning, I would win with money."
This story exemplifies Safe Investing Principle #1: YOU must control your money; no one else can be responsible for your financial future.
If he can go from a millionaire to bankrupt and back again, what are the rest of us waiting for?
Since hitting bottom, Mr. Ramsey has spent much of his time counseling people in money management.
In 1992, he founded the Lampo Group to help people on an individual basis.
Did You Know:
According to Mike Kinosian, Ramsey runs his business completely debt-free!
In addition to the Lampo Group, these are his other financially related endeavors: