There’s a nice little snippet from JLP at All Financial Matters that’s been quite the comment-magnet:
I wholeheartedly agree with JLP on this. I appreciate most of what Dave Ramsey espouses, but Dave and chunks of his website do have the occasional infomercial feel to them, and I could do just fine without that. But he’s doing what he’s doing because it makes him money — and folks could find lots of worse things to spend their cash on, I imagine.
I’ve purchased three of Dave’s books (Total Money Makeover in audiobook and hardback, and Financial Peace), and I’ve attended a Dave Ramsey Live Event. So I’ve given my share of change to Dave. But Dave’s writing, ideas, and energy helped me get to where I am today, financially, which is to say that he played a significant role in making my life better. What money I’ve spent has, in my opinion, been well spent.
Now, for those who might not be so well versed in Dave Ramsey Financial Paraphernalia, it’s worth pointing out that Dave also sells “Counselor Certification.” The price tag? A mere
$3,750 $3,950 $2,950 as of this writing [Source]. (You can add your spouse to the class for another $1,500.)
Why do I know these figures? Because I’ve strongly considered plunking down the cash (and the time) for the training.
You’re kidding, right?
Look: I love personal finance, and I’m all about most of what Dave has to say. I love helping people, and seeing people grow and improve their lives. Financial counseling of this sort is right up my alley. What I’ve done of it so far, I’ve enjoyed tremendously.
However, while I’ve gotten a ton of value from Dave’s stuff, I just can’t see $2,950 worth of substance in re-learning what I (mostly) already know. And I don’t know that a link from daveramsey.com, or referrals from his group, is worth that kind of coin.
For comparison’s sake, I could take the six CFP-prep courses at Florida State University (I’ve done the Intro to Financial Planning one already) and be out less than $2,950 with books and all. And I’d practically guarantee that I’d learn tons more useful-to-me stuff from FSU than from Dave Ramsey U.
So you won’t do Dave Training, right?
I dunno. Maybe.
I just love this stuff that much.
Admittedly, attaching a 3.9-dime price tag to his counselor-training gig is a fine way for Dave to screen out the riff-raff. And the multi-day session can’t be a blow-off thing, as it can earn CPA attendees just over 34 CPE credits. Not bad … I think. (Although, for all I know, you might be able to earn 2 or 3 CPE credits just for punching yourself through a self-serve checkout at Wal-Mart. )
In the end, Dave’s in this to make money, and that much is obvious. He’s constantly finding new angles by which to sell his schtick, at price tags that range from $5 all the way to $2,950. This is a businessman in action, folks. And a successful one, at that. I don’t know that it’s good … or bad.
It just is.