Finance guru Dave Ramsey speaks at Grace Church

Earlier this month, 3,500 people attended an event hosted by national personal finance personality Dave Ramsey at Grace Church in Eden Prairie.

The Nov. 10 “Building Wealth Live” presentation is a stop in the Upper Midwest, described on the Ramsey Solutions website as an event that teaches “how to build wealth and keep it.”

Ramsey’s keynote addressed the topic by citing the National Study of Millionaires. “The typical millionaire puts money into their 401(k) plan and pays off their house,” Ramsey said. “It’s so boring.”

Radio host and author Ramsey punctuated his presentation with personal stories, Bible verses and retellings of “The Three Little Pigs,” in which he likens the Big Bad Wolf to “COVID quarantine, midterm elections, inflation” and more.


Washburn-McReavy's ad

He also did so by acknowledging that “the bad news is that it’s very real. The things we buy are more expensive. The price of labor has gone up.” However, Ramsey also predicted that “in about 36 months, it will level off.”

Also Read :  Short-Term Investments Can Increase Reward and Decrease Risk

Ramsey called the current inflation different than previous decades, citing COVID-related manufacturing shutdowns as the reason. “This inflation is largely caused by the quarantine. Once things get back into the supply chain, it levels off. It’s not about rising rates,” he said.

During the Building Wealth Live event, classes and books from Dave Ramsey and others associated with his firm were sold in the Grace Church lobby. Photo by Joanna Werch

Mental Health, Financial Connections

Jesse Parker of Mitchell, South Dakota, said he came to the event to find inspiration in Ramsay and other followers of his team. Parker, who started listening to Ramsay’s radio show in 2016 during a drive home from Michigan to stay sane, visited Ramsay Solutions’ Nashville headquarters earlier this year to participate in a “Scream Free” “.

“This is something I’ve heard before, but we need to be reminded,” Chaska attendee Annie Mattson said of Ramsey’s discussion of the debt repayment and compound interest example.

Her husband, Bob Mattson, described the couple as “big fans” of Ramsay and said they had previously attended Financial Peace University (FPU), which is where Ramsay Ramsey Solutions’ nine-lesson course on debt repayment and wealth accumulation. Between 30 and 40 percent of the event’s attendees had previously taken the course, according to Ramsey’s statement on stage based on the audience’s raised hands.

Also Read :  Geojit Financial Services memperkenalkan keranjang saham berdasarkan indeks MSCI

The FPU class was one of many Ramsey Solutions books and products sold in the Grace Church lobby during the event, with several notables associated with the company present for book signings and photo opportunities.

Two of Ramsey’s personalities, career coach Ken Coleman and mental health expert Dr. John Delony, moderated a Q&A session ahead of Ramsey’s keynote address. The duo also joined Ramsey, budget expert Rachel Cruze and Ramsey Show co-host George Kamel for a post-keynote panel discussion.

In group discussions and separate interviews, Delony spoke about incorporating a mental health focus into finance-focused teams. Both he and Cruz have suggested a link between high rates of credit card debt and high rates of depression and anxiety.

“The core principles of mental health are safety, community and autonomy,” Delony said. Debt owed to creditors affects the brain’s autonomy and sense of security, he says. “You can’t quit your job if you owe people money. The amygdala knows that Toyota has decided we’re going to work tomorrow,” he said.

Also Read :  What to Look for in a Financial Adviser

“If you owe people money, you’ll never recover from anxiety because the body knows you’re not safe,” Delony said.

was told

Sign up for EPLN’s free email newsletter



Comments are not allowed on our site, but we do offer a number of ways to provide feedback and make your voice heard. If you think there is an error in a story, or would like to get in touch with the author, please contact us. If you would like to reply directly to this article, Letters To the Editor is welcome and encouraged. You can find details on how to submit your letter on our contact page.


Leave a Reply

Your email address will not be published.