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A Closer Look into Sharon Ramsey, Dave Ramsey’s Better Half

Unveiling the Important Role of Sharon Ramsey, Dave Ramsey's Wife, in His Journey to Financial Success and Her Influence on Their Family Life.
by Robyn Kerkhof | Sep 13 2023
Credits: Marriedwiki

Dave Ramsey, a well-known American financial guru, author, and radio host, has significantly impacted thousands of lives through his financial advice. However, his success story would be incomplete without mentioning the significant role played by his wife.

This piece takes a close and insightful look at Dave Ramsey’s wife, bringing to light fascinating details about this otherwise obscure yet vital figure in Dave’s life and success.
 

Meet Sharon Ramsey: Devoted Wife of Dave Ramsey 

Sharon Ramsey, Dave’s devoted wife, has been a constant source of support and strength for the financial expert. She is a successful woman in her own right, with a knack for maintaining their home, raising their children, and supporting her husband’s business from behind the scenes.

Her ability to provide emotional and mental support to her spouse during challenging times has allowed for the continued growth of the Ramsey family brand.
 

40 Years of Marriage and Counting 

Dave Ramsey and Sharon Ramsey celebrated their 40th wedding anniversary in 2023. The longevity of their marriage speaks volumes about their mutual commitment and resilience, having weathered financial calamity, rebounded, and together built a robust business empire.
 

Dave and Sharon Ramsey’s Talented Children 

Dave and Sharon Ramsey are proud parents of three adult children – Denise, Rachel, and Daniel. Following in their parents’ footsteps, the Ramsey kids are involved in the family business.

Rachel, for instance, is a financial speaker and author, carrying forward her father’s legacy in her unique way. With Ramsey, Cruze co-wrote and published the New York Times No. 1 bestseller Smart Money, Smart Kids in 2014. Rachel Cruze is also a regular contributor to the Dave Ramsay show. 

 

Dave Ramsey’s Humble Beginnings 

Dave Ramsey comes from a simple background. David Lawrence Ramsey III, born on September 3, 1960 in Antioch, Tennessee, comes from a family of real estate developers.

His father, a real estate developer, and his mother, realtor Sylvia Ramsey, weren’t people of huge wealth. As for his siblings, Dave has a brother named Scott Ramsey. Dave’s rise in life is quite the rags-to-riches story, stemming from his sheer determination and passion.

At the age of 18, Ramsey decided to take the real estate exam and started selling properties while studying at The University of Tennessee, Knoxville.
 

How Dave Ramsey Built His Fortune

By 1986, Ramsey had accumulated a portfolio worth more than $4 million. However, due to the implementation of the Competitive Equality Banking Act in 1987, several banks changed ownership.

They demanded repayment of his $1.2 million in loans and lines of credit due to his excessive debt. Unable to pay off these debts, Ramsey filed for bankruptcy in 1988.

Following a period of financial recovery, he began offering financial advice to couples at his local church. He went on to establish the Lampo Group in 1988, a financial counseling service, and self-published his first book, Financial Peace, in 1992.

Ramsey started his career as one of three rotating hosts of The Money Game on WWTN/Nashville radio station in 1992. The show later evolved into The Dave Ramsey Show, a three-hour call-in talk show focusing on financial advice. In 1994, he introduced Financial Peace University, a comprehensive personal finance course presented through videos.

Ramsey’s financial column was published by the Gannett newspaper group, but it was discontinued after they discovered that he had altered the names on the letters he responded to. He offered to reimburse them for the fees paid to him. The Dave Ramsey Show was broadcasted on the Fox Business Network from 2007 to 2010.

In 2014, Ramsey Solutions (formerly known as The Lampo Group, Inc.) underwent rebranding. The company is headquartered in Franklin, Tennessee, and in 2019, they opened a new 47-acre campus at that location.
 

Dave Ramsey’s $200 Net Worth 

Dave Ramsey’s net worth is estimated at $200 million. However, contrary to many assumptions, Dave did not inherit his wealth.

In fact, he made ill-advised decisions early in life that led him to file for bankruptcy at 26. After battling this financial setback, he developed a unique approach to personal finance, leading to his current success and rich status.

With his multi-faceted approach to financial education, Dave Ramsey has built a substantial empire. Ramsey makes an estimated $30 million annually from his various endeavors, which include his radio show, his Financial Peace University courses, and book sales.

The main source of Ramsey’s income is The Dave Ramsey Show, which garners over 14 million listeners weekly. This platform gives him the opportunity to sell his course, the Financial Peace University, which is taken by a staggering one in 50 American households yearly and generates a significant proportion of his income.

Ramsey’s books also contribute significantly to his earnings, with his best-selling book “The Total Money Makeover” selling over 5 million copies. His other books, “Smart Money Smart Kids” and “Complete Guide to Money,” have also enjoyed success, further solidifying his foothold in the financial advisory space.

To learn more about Dave Ramsey’s financial insights, visit his comprehensive guide to money, “The Total Money Makeover.” If reading is your passion, you should also check out the collection of his book recommendations on the Blinkist app.

Blinkist is an outstanding app offering summaries of top nonfiction books, condensing them into manageable 15-minute reads or listens. From Dave Ramsey’s suggestions to countless other authors, you’ll have an endless list to choose from.

Remember, Blinkist offers a free 7-day trial for new members, so don’t miss this golden opportunity to explore a world of knowledge right at your fingertips. Dig deeper, read more, and discover a wealth of wisdom today!

Start your free 7-day trial

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