Radio Personality and Author
#3 in Radio Hosts today
Dave Ramsey’s net worth stands at $280 million USD as of 2024. He rakes in $30 million each year from his book royalties and investments.
Ramsey is also a financial advisor and consultant for many celebrities. For example, he makes millions from Mila Kunis and Al Pacino by providing them investment advices in real estate and stocks.
Earnings
Dave Ramsey receives a substantial payment for his presentations at financial workshops and gatherings, amounting to $300,000 for each talk.
While he has multiple income streams, his primary earnings come from the royalties of his books, according to Forbes.
Ramsey has written several best-sellers, and in the last year alone, he has made over $4 million from his book sales on Amazon.
Ramsey additionally makes millions from his radio podcasts. He has secured a 3-year contract with Spotify valued at more than $20 million.
Car Collection
Recently, Dave Ramsey purchased a new Range Rover Sport for $210,000 USD. He also possesses an Aston Martin DBX valued at $390,000 USD. Additionally, Dave Ramsey has several other vehicles in his collection as listed below.
- Lincoln Corsair
- Volvo XC90
- Rolls Royce Ghost
- McLaren GT
- Ferrari Roma
- Audi Q2
Dave Ramsey Net Worth 2024 (Forbes)
Net Worth | $280 Million |
Annual Income | $30 Million |
Books Income | $12 Million |
Spotify Earnings | $7 Million |
Cash in Bank | $56 Million |
Baby Steps
Dave Ramsey’s Baby Steps financial plan is a seven-step plan for getting out of debt and building wealth. Anyone can improve their net worth and wealth following these advices. The steps are as follows:
- Save $1,000 for an emergency fund. This money will be used to cover unexpected expenses, such as a job loss or medical emergency.
- Pay off all debt except for your mortgage. Ramsey recommends starting with the smallest debt and working your way up to the largest debt.
- Save 3-6 months of living expenses in an emergency fund. This money will be used to cover unexpected expenses, such as a job loss or medical emergency.
- Invest 15% of your household income for retirement. Ramsey recommends investing in a diversified portfolio of stocks, bonds, and real estate.
- Save for your children’s college education. Ramsey recommends saving for college in a 529 plan.
- Pay off your mortgage. Ramsey recommends paying off your mortgage early to save money on interest.
- Build wealth and give back. Ramsey recommends investing for the future and giving back to your community.
Books and Audiobooks
Dave Ramsey has written several books about personal finance, including:
- The Total Money Makeover
- Financial Peace University
- The Dave Ramsey Show Guide to Work, Money, and Life
- More Than Enough
- Baby Steps Millionaires
Dave Ramsey’s books and audiobooks have been translated into over 25 languages and have sold over 10 million copies worldwide and has been one of the biggest contributor of his net worth.
Ramsey Solutions
Dave Ramsey’s company, Ramsey Solutions, is a financial services company that provides financial education and counseling to individuals and families.
Ramsey Solutions also offers a variety of financial products and services, such as debt snowball calculators and investment advice.
FAQs
Dave Ramsey earns $30 million annually through his books and investments.
Dave Ramsey made his money through his various ventures, including his radio show, book sales, speaking engagements, and his financial education company, Ramsey Solutions.
$280 million.
Dave Ramsey became a millionaire through his success in real estate investing during the 1980s.