Dave's not so smart. Actually he's dumb when there's money on the line
Dave Ramsey lawsuit
- Thread starter Newby
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I don't think anything he said here is dumb.
I know that you hate mlms but there are people who crush it in that space.
- 10,806
Dave does not give out earth shattering advice. Its common sense. Get out of debt, save for retirement, get insurance, dont spend money on stupid stuff if you dont have it to spare.
Yeah, its financial wisdom.... but at a very basic elementary level.
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I never really watched him, but from the clips Ive seen, he comes off rude af to me, especially if he is questioned.
I guess a certain segment of the population enjoys seeing him be a bully.
Yeah, its financial wisdom.... but at a very basic elementary level.
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I never really watched him, but from the clips Ive seen, he comes off rude af to me, especially if he is questioned.
I guess a certain segment of the population enjoys seeing him be a bully.
What Dave alludes to in a convoluted way is that those "crushing it" in MLM don't do so by sales or overrides, but rather from hosting "Power Builder Summits", conferences, seminars or selling training books and dvds TO THEIR OWN PEOPLE, or via corporate appearance fees for speaking on stage at large events. People recruited to MLMs are the seat fillers. Sale's commissions barely cover their overheads of the top earners. 99.7% pursuing MLM dreams lose money when all costs are figured in, annually. Cumulatively, over a 5-10 yr period, that number shrinks to less than 1 in 1000. Dave's only answer should have been "avoid MLM at all costs". Full stop.
Dave suggests living modestly. Meanwhile, on Contradiction Avenue.....
- 4,990
So no one should ever become an insurance agent because don't make it? Most insurance agents work within a quasi mlm pyramid with someone getting a cut of the compensation between carrier & agent. Traditional agency system has layers getting overrides, IMO/FMO is getting a cut, most independent systems have owners with producers getting a fraction of pay, PC aggregators have layers between carrier & producer.
I don't believe the insurance system is as bad as some mlm, but it does have some similarities in terms of the levels "pyramid" aspect, except for those that are direct agent to carrier with no upline, etc. But that is a mere fraction of total sales nationally across all lines of insurance
- 10,806
His response to the timeshare exit company said all anyone needs to know about Dave...
(clip starts at Dave's reply to a reporters question about promoting them)
"Im sitting in a $300M paid for building.... neck deep in cash you jerks..."
(clip starts at Dave's reply to a reporters question about promoting them)
"Im sitting in a $300M paid for building.... neck deep in cash you jerks..."
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Chez MLM is the steak restaurant that serves crackers, and always has. In fact, they don't even carry steak, and never have. But no problem, as the majority of people who dine at Chez MLM are the employees anyways, who also pay the rent and overheads, and for training.
lol...that's pretty funny.
- 10,806
Yep. And crazy that he is saying that to his audience.... the very people he duped into being scammed by that company.
Im still here, I got mine, go f*ck yourself if you got scammed out of $15k because of me.... Im neck deep in cash...
AND THEY EAT UP EVERY LINE BECAUSE HE IS BEING A BULLY ABOUT IT AND THEY ENJOY HEARING HIM INSULT PEOPLE
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