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International Business Times UK
International Business Times UK
Business
Stephanie Cruz

Dave Ramsey Once Went Broke — Reveals The Real Estate Mistake That Taught Him His Biggest Money Lesson

Dave Ramsey Graham Stephan Ramsey Solutions
Ramsey avoids debt, saying it’s risky and makes you a slave to lenders. (Credit: YouTube)

Dave Ramsey was 26 years old, earning $250,000 (£197,000) a year and sitting on a $4 million (£3.15 million) real estate portfolio. Two years later, he was bankrupt.

The personal finance guru, who now hosts The Ramsey Show to more than 20 million weekly listeners, has spoken openly about how that collapse shaped everything he teaches today. In a conversation with Graham Stephan and Jack Selby on The Iced Coffee Hour podcast, Ramsey walked through how his fortune unravelled.

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