Dave Ramsey is the nationally syndicated talk-show host of The Dave Ramsey Show. He is the author of three New York Times Bestsellers, More Than Enough, Financial Peace, and The Total Money Makeover. In addition, he has also authored a financial series for children, espousing the same core principles of Financial Peace, and two other books, Priceless and The Money Answer Book.
Dave's company, The Lampo Group, is based in Brentwood, Tennessee, where he also produces his daily radio program.
Dave Ramsey held real estate worth 4 million dollars by age twenty-six, only to lose it all by age thirty, admittedly, by his "own stupidity" and mismanagement of money. He used the experience of rebuilding his financial life as the foundation for his teachings, which are based on Biblical, common sense financial principles that most everyone knows, but hardly anyone uses.
This difficult learning experience was particularly hard on his wife, Sharon, with whom he credits with helping keep him together through the process. He and Sharon have three children, Denise, Rachel, and Daniel.
Dave has been a regular contributor to various cable TV outlets, including CNN, CNBC, and Fox News Channel. He currently hosts a live television version of The Dave Ramsey Show on Fox Business, which has the same call-in format as his radio show.
Ramsey is a proponent of the "debt-snowball method" of debt reduction.
Under this method, persons who have numerous creditors are encouraged to concentrate on reducing the debts with the smallest balance (as opposed to the smallest interest rate), then when a debt is paid off, to take the money from that debt and apply it to the next smallest debt. The methodology works as much on psychology as on finance; by seeing debts paid off, it provides encouragement to continue the process.