Dave Ramsey vs Robert Kiyosaki

Who is better?

There are lots of people out there looking for new ways to create wealth these days. I have run acrossed the names of Dave Ramsey and Robert Kiyosaki as the more influential of the bunch. These two men both have great principles but are very different in their approach when it comes to getting wealthy.  I often get asked ” Who should I listen to?” The answer to that question isn’t as cut and dry as saying one is better than the other. It really depends on what exactly you are looking to do with your life. Lets compare the two.

Dave Ramsey

Dave is a strong Christian man who believes all debt is bad and cash is king. He teaches people to get out of debt and how to get out of it as fast as possible. Once out of debt he advises to save 6-12 months of expenses and put money away for retirement via an IRA. Then begin to give back to people without worrying about getting repaid. These are all great principles when it comes to getting out of debt and staying out of debt. I truly believe we all should give more once we have got to a point that we are able to do so. Dave’s principles are great for people not interested in building a business for themselves and still want to create money freedom.

Robert Kiyosaki

Robert is the ultimate entrepreneur that has gone broke numerous times but has always found a way to make back his fortune. He advises that your need to be in control of your own future and there are such things as good debt and bad debt. Bad debt being credit cards, car loans and basically all debt that doesn’t pay you to have it. Good debt means things like real estate property or owning your own business. These things pay you to have them and begin to create residual or passive income. That means money you make even after you do the work and it continues to pay you over and over. Robert says that this isn’t for everyone and is not at all easy, but it can pay off so much more than just saving your money over the years. He wrote a best-selling book called Rich Dad Poor Dad that talks about how he learned different financial principles from his real dad (Poor Dad) and his friend’s father (Rich Dad). Anyone with an entrepreneurial attitude needs to read this book!

As you can see they both are great teachers in their own styles but it is up to you what one to follow depending on your situation. Either way you can mold your financial futures with both of their teachings. Just make a conscious effort to make it happen!

If you liked this post I would love to hear from you. Please leave me your comments.

Dedicated to Your Success,

Matt Welch

matt.welch28@hotmail.com

P.S. Deciding to make a change in your financial future can be a hard thing to start. For a FREE one on one coaching call with me CLICK HERE and fill in your information.

2 Responses

  1. I read them both and I believe Dave Ramsey has a more step-to-step approach to financial success. Kiyosaki is more about repeating “get a financial education” so that you sign up for his financial education products. Dave Ramsey also has upsells, but they also seem more practical than Kiyosaki’s products.

    • It really depends on your approach to wealth building. Both have awesome principles but it is a matter of finding out which works best for you.
      Thanks for the reply.

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