What's Next for Dave Ramsey?
With the addition of 180 employees in the upcoming year, Dave Ramsey’s Ramsey Solutions is growing fast. Ramsey’s company pulled in $100M in revenue for the first time last year and will soon be closing on a Williamson County property that will be the site of a 47-acre campus. Ramsey—a five-time New York Times best-selling author, weekly radio host (with more than 8.5 million listeners) and a leading figure in personal finance—will finance the purchase in cash.
Ramsey confidently and frankly states that he doesn’t borrow money and that he should have the cash readily available as the buildings are completed one after another. The initial plan is to build one 200k SF office building, quickly followed by two buildings of equal size and then a 50k SF conference center. Ramsey expects the campus to be used for the next 20 years. Currently, Ramsey and his company are spread among multiple office spaces, but Ramsey believes there is tremendous economic and productive value in keeping the whole company in one space.
Ramsey Solutions has a new 401(k) educational program for companies and employees and EveryDollar, an online budgeting tool and mobile app. Ramsey believes that going digital is the only way to survive and prosper in the upcoming decade. But, not everything is peachy for Ramsey. Last year, the DailyBeast wrote a biting article based on the stories of former employees, and Ramsey did little to deny the piece, but insists that the culture will get better in the future. So Ramsey and his company will be growing in more ways than one. [NBJ]
