Dave Ramsey Research Paper

Dave Ramsey, born and raised in Antioch, Tennessee, is a nationally recognized radio and television personality, motivational speaker and author. Ramsey, a trusted personal money-management voice, is listened to by 8 million people a week. (daveramsey.com) His financial philosophy is biblically based and intended to help those caught in financial turmoil or those wanting to begin the journey to “win with money”. Through his academy I’ve learned valuable lessons about student loans, investments, savings and personal self-control regarding my finances.
In 1982, Dave Ramsey graduated from the University of Tennessee with a degree in Finance and Real Estate. Following those years Mr. Ramsey went from holding a net worth of over a million dollars, to losing his wealth to debt. He paid his “stupid tax” and began the journey of financial security. Ramsey begun to realize that the money trouble he had acquired had began with his own personal impulses and disciplinary disregard for this finances. He preaches that to win with money, you need to have self control and “live like no one else” now, so you can “live like no one else” later. (Ramsey, np) Discipline and having a plan for the future can help you with your finances today. “Put a name to every dollar,” Dave states, talking
For example, his debt-snowball method is something I started using to pay off debt I had accumulated from college class tutition, my recent diversion fines and fees, and money I owed to my insurance company. The debt-snowball method teaches to pay off the smallest debts first. Paying off the smallest debt first works by giving initative to your debt pay-off and freeing up new income to take on the bigger, more expensive debts. A second method I learned from Dave Ramsey’s course was the envelope system. You place money in labeled envelopes for specific expenses. This helps you put a motive to your money and keeps you from