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The Ramsey Show Highlights

Dave Ramsey vs. SoFi

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 22 April 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

brought to you by the every dollar app start budgeting for free today uh so i'm a relatively new

0:08.9

listener um but i've been watching your videos for the past couple weeks now at work and i keep hearing

0:15.1

you like take miniature like jabs at sofi and so as somebody who uses SOFI I was wondering if

0:22.1

there is a reason you don't like the app and if you would recommend an

0:26.8

alternative well SOFI is a bank yeah I know you know that right sorry not

0:33.4

app bank okay they're they're a bank, and they sell debt. They sell debt.

0:39.5

Okay.

0:40.2

That's what they do.

0:41.4

Everything in the app is designed amongst all this cheesy acting like they care about you, bull crap.

0:48.0

But they don't care about you.

0:49.4

They're trying to sell you debt.

0:51.1

They're basically, you know, Bank of America in a millennial clothing. That's all they are.

1:00.5

I mean, they're a bank. They sell credit card debt. They sell student loan debt. They sell mortgage

1:04.9

debt. They sell home equity loan debt. It's where they make all their money. They're a bank.

1:08.8

They sell debt. you know that right yeah

1:13.1

i i was just wondering if uh there was something more to it because like from what i've

1:19.5

listened to in your videos it seems like basically every bank does that so i was wondering if

1:24.9

there was a reason why you usually call out SoFi specifically.

1:30.0

I call out Bank of America, Fifth Third Bank, and Chase pretty regularly too, right? Because they're

1:36.2

large mega banks that don't have a soul and don't care a dad-blame thing about their customer.

1:41.7

They're there to milk you. That's their whole job.

1:44.5

The only difference in SOFI and those other guys is those other guys just tell you.

...

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