In fact, TikToker Brian Luebben was very critical of Ramsey in a new post that quickly went viral, explaining how Ramsey's methods can keep you poor. Honestly, he's definitely onto something with this theory, even if some of the people in the comments weren't happy with what he had to say.
@brian_luebben
Dave ramsey is best in the world at fixing debt, not building wealth
♬ original sound - brianluebbenThat's because Luebben says that once people are out of debt, Ramsey's advice keeps them from building wealth, since Ramsey says that you shouldn't purchase anything unless you can pay cash for it. The TikToker used the purchase of a home as an example, saying he would not be able to pay cash for the entire deal and would instead put down only 20 percent, financing the remaining 80 percent with a mortgage.
He made the same complaint about buying a business as well, saying if he were to want to invest in a plumbing company, he would only be able to put so much money down. Luebben says that it's unrealistic to expand your wealth without leveraging your money in this way. "The focus on debt payoff, while essential, might leave some viewers looking for more nuanced guidance on investing, passive income generation, and long-term wealth diversification," he wrote in part of his caption of the video.
People Had Mixed Thoughts About the Post
Related: Dave Ramsey Wants Tennessee Couple to Sell Their Newly Built $660k Dream Multigenerational Home
"I don’t think you guys have actually bothered to listen to Dave Ramsey," yet another person chimed in.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
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