Often times we are asked why the guy that is known for getting people out of debt, Dave Ramsey, is such a focal point of our financial planning and investment management, RIA (registered investment advisory) firm. “He’s good at getting people out of debt but aren’t you guys supposed to help people with investments?” But isn’t that where it all starts? For most of us in America our most powerful wealth building tool is our income. There isn’t a white knight coming to magically bestow you with millions of dollars. Thus, the more of your income that is committed to the bank(s) in the form of payments, the more your ability to build wealth and give, is limited. Therefore, when a client can barely save for retirement because they have a car payment, credit card payment and student loan payment, they better hope the government, which is well known for its ability to handle money (sarcasm noted), will take care of them in retirement. For us, it all starts with Proverbs 22:7, the borrower is slave to the lender.
Beyond that, our heart as advisors is much the same as the entire Ramsey Solutions team, which today stands at 1,000 employees strong. Most advisors, won’t fool with you, if you don’t have a minimum investment size, many for economic reasons, the more money you have to invest the more you can afford to pay your financial advisor and we have raged against that machine since our inception. We have proudly helped families, regardless of size, come to a point of debt freedom and wealth accumulation. Additionally, Dave’s advice around avoiding some of the worst products in our industry such as whole life insurance and most annuity products, provides clients with a level of comfort, knowing our advice is consistent with what they’d hear Dave Ramsey, Chris Hogan, Christy Wright, Rachel Cruze, Anthony ONeal, Ken Coleman or Dr. John Delony discuss on their radio show or live events.
In 2019, one of our lead advisors, John-Mark Young, was invited to join Dave Ramsey on his SmartVestor Pro Advisory Counsel, which is a top group of advisors that Ramsey Solutions uses to provide strategic guidance and advice to their national network of financial advisors across the nation, that similar to the advisors of Whitaker-Myers Wealth Managers, believe and teach the principals that Dave and his team have taught millions of people over the last 25 years. To learn more about Whitaker-Myers Wealth Managers or The Seven Baby Steps, Dave Ramsey and his team have taught people for over 25 years, contact Whitaker-Myers Wealth Managers today.
Author: John-Mark Young
Whitaker-Myers Wealth Managers, LTD is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein.