I tried them for tax return leads. And yes, they were horrible leads. Many (about half) were an hour's drive away, despite the would-be lead being told they are inputting their information to get set up with an "endorsed LOCAL provider." I was unable to make contact with roughly 75% of them, the phone calls almost always went to a automated voicemail system that only verified the number that I called and asked me to leave a message. I only received one lead that was actually local before I canceled out of the lead program, and that guy was just kicking tires, never heard from him again (I initiated the first call). And you have to know that the leads that are filled out at 2:00 AM are at best drunk, and most likely totally fake. I did better than some, and I actually closed ONE lead, but only because that person had a really messed up situation on his hands, and nobody else wanted to fool with him; that one sale didn't come close to covering all the money I paid for the leads.
Dave Ramsey ELP Leads - Pure Garbage
- Thread starter adamsagency
- Start date
I tried them for tax return leads. And yes, they were horrible leads. Many (about half) were an hour's drive away, despite the would-be lead being told they are inputting their information to get set up with an "endorsed LOCAL provider." I was unable to make contact with roughly 75% of them, the phone calls almost always went to a automated voicemail system that only verified the number that I called and asked me to leave a message. I only received one lead that was actually local before I canceled out of the lead program, and that guy was just kicking tires, never heard from him again (I initiated the first call). And you have to know that the leads that are filled out at 2:00 AM are at best drunk, and most likely totally fake. I did better than some, and I actually closed ONE lead, but only because that person had a really messed up situation on his hands, and nobody else wanted to fool with him; that one sale didn't come close to covering all the money I paid for the leads.
The term life leads were garbage too. I received those too. People thought I was Zander. Just effing god awful.
Wake up dude. The BBB gives its prizes to the highest bidder; bad products and rip-off services don't matter, just as long as the bad actor involved has paid his fees to the BBB. I've seen absolutely rotten outfits with an A or A+ rating, and some pretty decent outfits with low ratings. One of those TV sting programs managed to get Hamas (the Palestinian terror organisation) an A+ rating by paying a $240 fee, and demonstrated how numerous local businesses were extorted with low ratings -- if they paid the fee, the rating instantly went up.
Marko Ramius
New Member
- 8
Dave Ramsey and his ilk operate on "confirmation bias" or telling people what they want to hear. Which is to avoid spending money. Term life is cheap. Hooray!
But if you pivot to Dave recommending DI, you get crickets.
DI costs money.
Also...what happens if, at the end of the term, you're no longer insurable? Dave never bothers to mention that...
Oh, Ramsey has a very simplistic answer for that: At the end of the 20-year term (Ramsey specifically recommends 20-year term), the person will be so filthy rich from investing 15% of his pay in the stock market (using a 401(k) plan, IRA, or just outright investing) that life insurance won't be needed in year 21.
Doesn't everyone invest 15% of their before-tax pay in the stock market? Especially when they are young with kids to feed?
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Plus they ate only rice and beans and beans and rice for those 20 years.
The only time they will see the inside of a restaurant is if they are waiting tables there.
Got to sell their car with the payment and drive an $800 hoopdie.
Work three jobs.
Did I miss anything?
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My parents bought term and invested the difference, and are now incredibly wealthy. It worked for them.
It worked for me too.
But Dave Ramsey listeners can't even afford 20 year term. They are poor, and in debt.
