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The Financial Diet

The Cult of Ramsey: Evangelicalism & Personal Finance, Part II

The Financial Diet

TFD

Business

4.3548 Ratings

🗓️ 12 September 2022

⏱️ 41 minutes

🧾️ Download transcript

Summary

Welcome to our all-new podcast series Too Good To Be True, covering financial scams and scam artists. In this two-part premiere, our hosts Ryan Houlihan and Julia Lorenz-Olsen take you on a deep dive through the history of Evangelicalism, politics, and money in the US, culminating in the personal finance giant that is the Dave Ramsey empire. Thanks Avast.com for sponsoring this episode! https://www.avast.com Ryan Houlihan on Instagram: https://www.instagram.com/ryanhoulihan/?hl=en Follow Julia on Two Cents! https://www.youtube.com/c/TwoCentsPBS LISTEN TO PART 1 OF THIS EPISODE HERE: https://thefinancialdiet.podbean.com/e/the-prosperity-gospel-evangelicalism-personal-finance-part-i/

Transcript

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0:00.0

Before we get started, I wanted to thank our friends at Avast for supporting this episode of Too Good to be True.

0:06.4

With a Vast one, you can confidently take control of your online world by helping you stay safe from viruses,

0:12.9

phishing attacks, ransomware, hacking attempts, and other cybercrimes.

0:17.3

Learn more about Avast one at Abast.com.

0:31.9

Welcome to Too Good to Be True, an investigative podcast exposing the scams, schemes, and financial cults trying to separate you from your money.

0:35.5

Well, we're back for part two of our discussion about the evangelical church, the

0:40.1

prosperity gospel, and how Dave Ramsey fits into all of this.

0:43.9

You guys are not ready.

0:45.7

I'm not ready.

0:47.7

So has this thought process started to be laundered and leak into secular culture in ways

0:54.1

that I might know about,

0:55.2

but I don't know that this is where the source of the ideas are coming from.

0:58.9

Oh, absolutely.

1:00.3

Like there's a lot of nuance to this, which I think brings us inevitably to Dave Ramsey.

1:06.8

So what is your exposure to Dave Ramsey and his principles been like?

1:12.5

So I know that he has some pretty wacky ideas about money that and I know they are all

1:18.5

mostly counterintuitive and based on my understanding denial or like a very black and white

1:24.6

thinking about money and that he's very sexist and that he has had

1:29.0

several scandals for his personal behavior.

1:31.4

And I imagine him as like a figure yelling on TV.

1:35.3

I don't really know much about him beyond that.

1:37.7

That's fine.

...

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