Dave's most recent self-serving battle is to denounce the DOL rule requiring that advisors to 401k and individual retirement accounts be fiduciaries. His tweet "This Obama rule will kill the middle class and below's ability to access personal advice". Absolutely shameful, given that the advisers who pay to be a "Dave Ramsey endorsed provider" are commission-based salespeople. It would hurt his sales. Our local "Dave Ramsey advisor" charges 1.75% AUM and also sells products but the junkies don't look beyond the DR "endorsement" (which is a pay-to-play scheme).
Honestly, I do believe Dave had some good ideas and helped a lot of people get out of debt. But I also believe his empire does more harm than good beyond that. He does NOT walk the talk.
Honestly, I do believe Dave had some good ideas and helped a lot of people get out of debt. But I also believe his empire does more harm than good beyond that. He does NOT walk the talk.
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