Posted on 06/02/2023 2:33:15 PM PDT by dware
Dave Ramsey, the finance guru radio host who offered millions of people advice for managing their debts, is now being sued for $150 million dollars by some of those same listeners.
(Excerpt) Read more at westernslopenow.com ...
More details pls.
If you’re stupid enought to buy a timeshare, you get what you deserve.
Ramsey should disclose when he’s being paid by a service he recommends to callers, BUT I’m skeptical that anyone in the world has ever been damaged by getting *out* of a timeshare.
That's pretty much my take on it.
Can I sue the guy in the other room who listens to Dave Ramsey while I’m trying to work?
The debt strategy is great.
I hope he has whole life insurance (that he bashes) or wins the case.... his whole life cash value would be all the court can’t assail.
Well in that case I’m taking his stapler.
Careful, he might burn the building down.
I thought most people who offer free financial advice to the public would repeat some quote before the show started, saying “preferred results to any financial plan cannot be guaranteed, and any investor takes a chance of losing a portion of their investment”.
I would think someone doing this for years like Dave Ramsey or like Larry Kudlow, another trusted name, would find a method to offer investment opinions that protect them personally from direct litigation.
The 17 unnamed plaintiffs in the lawsuit are seeking damages in excess of $150 million.
For every sponsor...
“I want you to call my good friends at (fill in the blank for whatever company paid for his “sincere” endorsement)”
Getting out of a debt lifestyle is the preferred way of living but Dave just got too full of himself.
Stopped listening about 2008 when I heard him screaming at a caller...”Tell your freakin pastor to read the freakin Bible”
Why use the euphemism?!
well here’s a question...is a whole life policy bad for people that are older?....could it be a way to pass on some money to the youngins?
Suing someone else for your own stupidity. Makes sense. To a liberal
Ramsey can be a bit too preachy for me....IMO both him and Rich Dad suffered financial losses until they started selling advice and that’s when they got rich...not from the advice they throw out there....
If someone is going to pay you $5M a year to endorse something you might want to know where the money comes from because slapping your name on something could ruin you reputation.
I have high regard for DR, but for a guy who promotes financial prudence, this might have been less a prudent move on his part.
Ramsey said on his show that he’s paid for the endorsement.
Here’s video of Ramsey talking about it 2 years ago: https://www.youtube.com/watch?v=3f7xhDOu_dk
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