re: Heard Dave Ramsey's daughter speak at a luncheon a few weeks ago

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From the little I've heard her speak, she isn't like that at all. She is a great speaker, and she still remembers the times (or so she says) when they were little and not well off

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I think one of the reason Dave's thing works is because it's born of experience. He basically was a financial idiot who made a ton of bad decisions and got dealt some bad hands, and he changed his ways and turned it around.

When you are trying to get people to change their ways, the most powerful message has come from people who have changed their ways. It's why the most respected drug counselors are former addicts, why the most respected prison to work program counselors are former prisoners.

His daughter, who may be smart and perhaps remembers watching her dad and mom eat beans and rice, will never, ever have that same backstory that Dave has. That doesn't make her a bad person, of course, but people are going to give her the "she was born with this, she never had to struggle" look.

Unfortunetly, working for your dad and buying an 800K house won't help her case any.

We have this same problem in the CPA profession. A number of CPAs inherited their practice from a parent, so they sit at 30 running their own firm, and act like they don't understand why every CPA doesn't do this. Worse, they are held up as experts by some in the community. Well gee, if I was given a book of business at 28, had no student loan debt, etc, I could build on that as well.