Financial guru Dave Ramsey is known for doling out budgeting advice to his adoring fans through his books and YouTube show. And while many of his followers hang on his every word, often tweaking their saving and spending habits in response to what the 65-year-old says, Ramsey's latest advice is garnering some backlash.
That's because people are calling Ramsey out for his comments about the "human spirit" and our insatiable need to gather more things. But, instead of agreeing with the sentiment, many of Ramsey's followers are calling him out for doing the exact opposite of what he advises others to do. Here's what people are saying.
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The notoriously money-minded Ramsey took to Facebook on April 2 to share his thoughts on modern consumerism with his followers. "The human spirit was not created to attain peace, contentment, or fulfillment by gathering more stuff," he wrote in the post.
Ramsey has been a very vocal critic of how many Americans use their money, chiding them for spending more than they save and pointing out that it's next to impossible to get ahead financially without being intentional about their finances. While this post aligns with Ramsey's typical insights on spending, many of his followers were frustrated by what he had to say.
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People Call Dave Ramsey Out Over Hypocritical Facebook Post
People were quick to share their thoughts about Ramsey's insights, with one person asking for an example of what would happen when we stopped the chase, writing, "So if more stuff doesn’t bring real peace…why do we keep chasing it like it will? What’s one thing you stopped buying that actually made you feel freer?"
Then there were others who questioned Ramsey's own pursuit of "stuff," asking how he could make those comments when he himself is guilty of the same bad choices he chided others for. "Says the man who had gathered a lot of stuff," one person wrote.
"Says the guy with a car collection," another joked.
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Some People Agree With Dave Ramsey's Latest Thoughts
Of course, there are those who are totally on board with Ramsey's post and say that they already follow this philosophy. "Live small so you can give back large," one person wrote.
"Totally agree, got rid of all the stuff that wasn't essential, currently traveling the country in my truck and camper, and couldn't be happier," another follower added. "My kids will be happy I don't have a house full of unwanted collectibles and unnecessary things when I pass. If and when I choose to settle in one place, I won't have anything but what is necessary to live."
While it's clear that there are many different schools of thought on this, Ramsey isn't wrong. According to a 2023 report on Yahoo! Finance, Americans were spending around $18,000 a year on nonessentials. A lot of it is likely that "stuff" that Ramsey was talking about in his post. And for a man whose insights often include making your excess money work for you by putting it into high-yield savings or setting it aside to build an emergency fund, this likely seems like a massive waste of what could be a life-changing investment into your future.
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