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His main emphases tend to be paying off debt, saving for emergencies, investing wisely and spending strategically.
And thats to say nothing of his podcast, The Ramsey Show, and his many books.
But the question is this: Have Dave Ramseys money lessons reached other financial experts?
In short, yes.
Heres what they said.
Pay Down and Avoid Debt
Living a debt-free life is one of Dave Ramseys top priorities.
In fact, its the second of his seven Baby Steps to taking control of your finances.
In particular, hes followed the debt snowball method to pay off debts.
Paying off debt as fast as it’s possible for you to is super important.
Daves debt snowball method of paying off the smallest debts first really gets things moving, he said.
Getting rid of bills hanging over your head makes saving and planning for the future way easier.
Beyond paying off debt, Kibbel always follows Ramseys advice to avoid it altogether especially high-interest debts.
Avoiding credit card debtis another lesson that served me well, Kibbel said.
Its easy to put everything on plastic, but those interest rates are killers.
One of the big ones is that every dollar needs a purpose.
Several years later, my husband made what we now call a big, green pile of money mistake.
We had saved afew thousand dollarsand promptly spent it all.
The words, Zero-based budget and every dollar has a job leapt off the page, she continued.
It was only then, that I made the connection in my head.
We had spent the money because it didnt have a specific purpose.
From that moment on, we have managed money with an end goal in mind for every dollar.
The first step is to save $1,000 for a starter fund.
For Kibbel, this lesson is one he takes to heart.
Having an emergency fund is a no-brainer, he said.
Stuff happens sometimes that costs money, like car repairs.
Of all of Ramseys money lessons, this is the other big one thats most impacted the Wares.
My husband and I vowed to save enough additional money to pay cash for our next home.
Our gross income was around $40K a year.
I pinched every penny, Hope said.
Twenty months later, we had saved $30,000.
I did the math and realized that we had savednearly forty percentof our income.
In August of 2012, we paid cash for a larger home in a nice neighborhood.
Weve been in our home for fourteen years now.
We remained debt-free, finished raisingour four sons, and my husband retired.
To this day, I give credit to Dave Ramsey.
Without his advice, none of this may have been possible.
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