Posted by
Message
anc
Member since Nov 2012
15976 posts

My experience Interviewing for Dave Ramsey

I am in a sense, a recovering Dave-a-holic. Right after college, I married into several thousand dollars in credit card debt, and happily added several thousand more in the infancy of my marriage.

This was in the early 2000s, the beginning of Dave Ramsey being mainstream in a sense. I joined his website, posted on the forums, listened to his show daily. In fairness, his method for getting out of debt works. But once you are out of debt, it just isn't the best method.

The one thing that I could never completely get was the no car loan deal. My mind would always go to the math. I'm paying 0.9% interest- I can make more than that in an online savings account. I also put everything on an AMEX every month, and paid it off, earning a bunch of points that enabled me to do a few extra things in life.

My wife got a job at Vanderbilt, and the opportunity to get a master's degree. I wasn't making enough money for this to even be a thought - so we moved to Nashville and I started interviewing for jobs. Dave's company headquarters are in Franklin (Cool Springs area) and his company was booming. They had a couple of opportunities that I qualified for, so I sent in my application.

We were set to move to Nashville in a week when the phone rang on a Tuesday They immediately wanted to do a 45 minute phone interview in the middle of my work day with no appointment. I thought it was strange, but I closed my office door and did it. Nothing out of the ordinary.

They followed up with an email a couple hours later, asking if I would be willing to come to Nashville on Thursday. I simply said that we were planning to make the move that weekend, and it would be better for me to push it back to the Monday.

The guy literally said. "We like you, but thats not a good attitude to have. We have other candidates that could be here in 20 minutes if we called them." I relented and said I would be there Thursday at 1. Drive 6 hours there, interview. Drive 6 hours back, while my wife got everything ready for the move.

Got up there and met with my would be supervisor. Had a degree in mechanical engineering from an unaccredited college (Pensacola Christian) and was working in marketing for Dave Ramsey. He wanted to take me to lunch. We went to Moe's Southwest Grill that was right around the corner. He small talked me then took a cell phone call for 30 minutes. Came back in and asked if I was ready to go back - thinking I would be continuing the interview.

That was the interview. I asked a few questions in the lobby about benefits and the like (There are none. No health insurance. A 401k but no match. Just $200 in free Dave Ramsey swag every Xmas to give as gifts). He also told me that should I be offered the job (which he thought I would be), that they would run a credit report and I would ceremoniously cut up my credit cards in front of the entire staff on day one. If I had a car loan, I had 60 days to pay it off or sell it and buy something with cash.

We ended up making the move that weekend. I had no idea what to think. I wasn't comfortable with the whole thing. I ended up getting a good job somewhere else, and about three months later, got the call with the offer. It was almost a third of what we talked about. Said I needed $60k, they offered $25k, which was laughable. They tried to sell me on the benefits of working for Dave Ramsey again. Told them I couldn't take that little of money. Immediately made the offer $45k. I declined again, and they called me back with a 60k offer.

It was really strange. I ended up meeting some people who had worked for him in the past and they told me horror stories of "he considers talking to you in the hallway as a benefit." and that if someone ever leaves the company, they are shunned. Current employees are not allowed to speak to former employees under threat of job loss. People were fired for minor things. It was like a prison, someone told me.

This post was edited on 11/17 at 4:40 pm


TheChosenOne
VCU Fan
Member since Dec 2005
17779 posts

quote:

they told me horror stories of "he considers talking to you in the hallway as a benefit."


Shit, so I'm like Dave Ramsay? I tell my employees that getting to me talk to me everyday is a job perk.


Thanks for sharing. It doesn't surprise me that their environment is cult-ish.


Replies (0)
Replies (0)
60
bayoubengals88
Wisconsin Fan
LA
Member since Sep 2007
16970 posts

So it's true...what a joke/fraud if so.


Replies (0)
Replies (0)
10
LSUFanHouston
LSU Fan
NOLA
Member since Jul 2009
30254 posts

quote:

In fairness, his method for getting out of debt works. But once you are out of debt, it just isn't the best method.


I don't have any hard facts to back this up, but i would say, just based on personal estimation, that at least 95 percent of his listeners/followers are in Baby Step Two (or One). I mean, completing Baby Step Two is treated as a HUGE celebration on his show.

And my goodness it's great to be debt free but for the house, but there are actually 5 other steps (4 really, I don't count the 7th as a step) that are also pretty hard. But so few people make it past Step Two, that very little effort is put into helping people deal with steps 3-6. So it makes total sense that doesn't work for people after you are out of debt.

DR and Joel Osteen are very similar. Both are good preachers. Both are selling hope to people who need it. Both discuss simple ways to get there, no shortcuts, etc. Both have a touch of religion in their message. Both give this impression that they do what they do for the greater good, but in reality, they do it to make as much money as they can.

I have a number of accounting/finance related friends and professional associates in Nashville, and your story about interviewing and company culture is very, very, very similar to other stories I have been told. They work very hard for little money with a religious cult fever, and like most cult leaders, DR is nice to the group but a complete prick to individuals.


Paul Allen
California Fan
Montauk, NY
Member since Nov 2007
70843 posts
 Online 

I cannot stand his contemptuous tone he uses with his callers. He's a jerk.


Replies (0)
Replies (0)
112
autodd03
USA Fan
Clown world
Member since Dec 2013
2532 posts

Good post. I can't say I'm surprised by any of that.


Replies (0)
Replies (0)
20
anc
Member since Nov 2012
15976 posts

Here's an article about the culture.

LINK

That experience was in 2004. It completely changed my worldview.

Martin Luther had a quote - "The Christian shoemaker does not show that he is a Christian by sewing little crosses into his shoes. He shows he is a Christian by making good shoes."

I am skeptical of businesses and individuals that make the Christian aspect of business the main selling point. Not talking about places like Chick-fil-A and In-n-Out, Im talking about people that are in your face about it.
This post was edited on 11/17 at 7:30 pm


southernelite
McNeese State Fan
Dallas
Member since Sep 2009
52713 posts

It seems any business, Christian centered or not, that focuses on their culture is cult-like.


I interviewed for a homebuilder in Houston once that my friend works at. I spent more time taking personality tests and seeing if I'd fit in with their culture than if I had the skills necessary to do the job.

They also made a comment about me wearing a suit. "We don't see people in suits here very often."

It made sense that my friend works there, as he and I have different views about the workplace, but it was extremely off-putting to me.

Additionally, the "culture" places pay like shite.


anc
Member since Nov 2012
15976 posts

quote:

Additionally, the "culture" places pay like shite.



They had a lot of young, uneducated employees. They sold them on the "This is the best job you'll ever have." And they would go to church, tell people they worked for Dave Ramsey, and be treated differently. So they believed it.

As far as pay goes - they knew what the market was. They went up $20k on my offer immediately - they were just seeing how cheap they could get me. My working theory is that I was the desired employee from the get go, but with the offer coming three months after I "interviewed," they hired someone that didn't work out, but was cheaper.

I was told that in one year, they had 70 employees come and go. They had around 75 total employees at one time. The article I linked above is very telling, and there is a blog of a former employee that really emphasized the cultish atmosphere.

Like I said - theres nothing wrong with his get out of debt plan. He's made millions selling common sense. I'm glad that I dodged a bullet on the job, but I still cringe when I run across someone that is passionate about his stuff.



GFunk
LSU Fan
Denham Springs
Member since Feb 2011
14726 posts

Fascinating thread...


meeple
USA Fan
Carcassonne
Member since May 2011
7775 posts

quote:

Fascinating thread...


I used to drink the kool-aid. My wife and I participated in the "Financial Peace University" course offered through a local church. After going through that, listening to his show, seeing his HQ, reading this board and seeing this thread... I can definitely see flaws in the back half of his plan.
This post was edited on 11/17 at 11:39 pm


matthew25
Ole Miss Fan
Member since Jun 2012
9425 posts

I took the course with the sole hope of finding out the names of his 4 mutual funds.


Janky
USA Fan
Team Primo
Member since Jun 2011
35957 posts

They are all called growth stock mutual funds and they do double digit returns. You're welcome.


anc
Member since Nov 2012
15976 posts

Like I said, for 95% of the public, his advice is solid. Don't buy crap you can't pay for and pay your high interest debt off ASAP.

The thing that strikes me is the ego and the paranoia. I guess they go together. I was also told later that he has a habit of promoting without pay raises. You could go from entry level to director within a year, and have the same salary with 10 times the responsibility.

They had weird titles for their jobs. The job I interviewed for was a Marketing and PR mid-level position. Normal companies would call it "Specialist" or even "Assistant Director." The title of the job was "Marketing Champion."

Every day at 9:13 am, everyone would get together in the lobby for a pep rally. All part of the cultish behavior. I was told that there were numerous firings that occurred if people didn't appear excited enough. No matter how stressed you were, no matter what was going on your life, if you didn't clap and high five during "We will Rock You" someone would notice and you'd be in a meeting that afternoon.



GeauxPack81
California Fan
Member since Dec 2009
10203 posts

quote:

They immediately wanted to do a 45 minute phone interview in the middle of my work day with no appointment.

quote:

The guy literally said. "We like you, but thats not a good attitude to have. We have other candidates that could be here in 20 minutes if we called them."
quote:

He small talked me then took a cell phone call for 30 minutes.


What a shitty interview process


Replies (0)
Replies (0)
10
CHiPs25
Atlanta Falcons Fan
ATL
Member since Apr 2014
2633 posts

This is very disheartening to hear. I am an avid Dave Ramsey fan and listen to his show everyday. I am currently on baby step 2 and plan on following his steps. I'm fortunate that i'm not in $30k or more debt like some of his followers, mine is a manageable $15k that I can pay off hopefully in 6 months.

Disappointed to hear that what Ramsey portray's is in a sense, smoke and mirrors. He probably hates doing the debt free screams.


Golfer
LSU Fan
Member since Nov 2005
75052 posts

quote:

They are all called growth stock mutual funds and they do double digit returns. You're welcome.


Yeah, I solicited help from one of his ELP's to rollover some old 401k's into an IRA. Her plan was laughable and I decided to just do it on my own into a fidelity account.


CHiPs25
Atlanta Falcons Fan
ATL
Member since Apr 2014
2633 posts

So are the ELP's crap? I have recently started talking to one just to make sure that my gameplan is solid.


Golfer
LSU Fan
Member since Nov 2005
75052 posts

I wouldn't say crap. They are clearly licensed investment professionals and have the requisite knowledge. I also know that I'm young and my investment strategy is going to be rather simplistic, but if I'm going to be paying them a brokerage fee, I'd like a little more personalization.


Replies (0)
Replies (0)
01
Iosh
Texas A&M Fan
Bureau of Interstellar Immigration
Member since Dec 2012
18941 posts

quote:

I simply said that we were planning to make the move that weekend, and it would be better for me to push it back to the Monday.

The guy literally said. "We like you, but thats not a good attitude to have. We have other candidates that could be here in 20 minutes if we called them."
Damn, I would've told them to piss off right here. What an arse


Replies (0)
Replies (0)
30
Page 1 2 3 4 5 6
Jump to page
first pageprev pagePage 1 of 6next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram