Dave Ramsey's Advice: A One-Size-Fits-All Misfit?

February 8, 2024

Hey there, fellow entrepreneurs! Ever find yourself nodding along to Dave Ramsey's advice on financial management? Well, hold onto your calculators because I'm about to drop a bombshell - Dave Ramsey might be giving bad advice! Whoa, did I just say that out loud?

Yes, I did. And before you start throwing your budgeting books at me, let me explain.

Dave Ramsey, in all his wisdom, advocates for a simple strategy - live within your means and only buy what you can afford. Sounds sensible, right? But here's the catch - it might work wonders for W2 employees, but for us business owners, it's like trying to fit a square peg in a round hole.

The Entrepreneur's Dilemma

As modern entrepreneurs, we're not just battling the numbers game. We're navigating the ebbs and flows of business, reinventing careers, and keeping Uncle Sam off our backs. It's a tough job, but hey, someone's gotta do it. And while Dave's philosophy is all about removing risk, being an entrepreneur is about taking calculated risks.

When Dave's Advice Doesn't Add Up

Imagine this - you want to buy a car worth $100,000 but only have $2,000 to put down. Dave Ramsey would call it ridiculous, and I'd agree. But what if you, as a business owner, want to invest in a piece of machinery that could multiply your sales tenfold? That's not just smart, it's genius!

Calculated Moves: Your Ally in Financial Preparedness

At Calculated Moves, we understand that running a business isn't about avoiding risks altogether; it's about strategic planning and financial preparedness. It's about outsourcing timesucking tasks so you can focus on what you love. And most importantly, it's about making great decisions that boost profits and keep Uncle Sam at bay.

The Takeaway

So, while Dave Ramsey's advice might work wonders for the everyday employee, business owners need a different approach. Sometimes, you need to leverage other people's money, knowledge, or assets to grow your business. And when you do, Calculated Moves will be here, charting a course to smooth sailing and tranquil waters.

Ready to embark on this exciting journey? Dive into our full article 'Dave Ramsey Gives Bad Advice' and let's navigate the business rollercoaster together!

Donna Bordeaux, CPA with Calculated Moves

Creativity and CPAs don’t generally go together.  Most people think of CPAs as nerdy accountants who can’t talk with people.  Well, it’s time to break that stereotype.  Lively, friendly, and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna and Chad Bordeaux.  They have over 50 years of combined experience as entrepreneurial CPAs.  They’ve owned businesses and helped business owners exceed their wildest dreams.   They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.