There are a lot of financial gurus and talking heads out there.

Financial Gurus Who Have Gone Broke – There are a lot of financial gurus and talking heads out there. It sure would be easier to interpret their advice if there were a running banner along the bottom of the screen showing their own investments, their past investment performance, and their net worth. It’d be even more interesting if they had to reveal past crimes, schemes, scams, complaints, and bankruptcies. It certainly would make us all a lot more skeptical of their advice.

A surprisingly high number of financial gurus, particularly in the real estate space, have gone bankrupt at some point or another. Sometimes it is a business bankruptcy and sometimes it is a personal bankruptcy, but I find it amazing how many of them wear it as a badge of honor. Personally, I’m far more proud that I haven’t gone bankrupt, and I actually prefer taking advice from others who have also not gone bankrupt. That’s not to say you can’t learn from someone who has gone bankrupt, but it does make me a little more skeptical about their advice, especially if they advocate for a lot of leverage.

Today, we’re going to discuss some of the more well-known gurus out there and their experiences with bankruptcy and other legal troubles.
Dave Ramsey
Dave Ramsey is not shy about discussing his bankruptcy and what he learned from it (he’s certainly swung from being a big fan of leverage to being one of the most anti-debt folks on the planet). If anything, maybe he learned his lesson a little too well.

Financial Gurus Who Have Gone Broke Continued

By 1986, Dave Ramsey was 26 years old, and he had amassed a $4 million real estate portfolio, no small sum at that time. However, he had seven figures of debt—which was recalled after some banks changed ownership—and by 1988, he had declared bankruptcy.

Learn More…

7¢ Skip Tracing – Guaranteed lowest price on the market for the best quality data.

Don’t just take our word for it. Try us out by running a small list first to see the tier 1 data for yourself!

🔥Pay wholesale price for quality data

🔥Receive the TOP 3 Phone Numbers

🔥Discover which phone numbers are best

🔥Learn the BEST Time to reach a contact

🔥We can take your old list, grade it and come up with the

🔥BEST NUMBERS to contact


🔥Increase ROI and TEAM MORALE

Get Started

We have current deals and promotions you can’t miss! Limited time so act now!

Have Questions? Reach out to us, we’re here to help.

Call us at: 866-962-8190

About Skip Force LLC.: Skip Force is a SaaS company based in Austin, TX. Founded in August of 2019, Skip Force has developed solutions, for real estate investors and resellers, to streamline the skip tracing process to effectively close leads.

Related News

Skip Tracing for Real Estate
Skip Tracing for Real Estate

“Skip tracing” is the process of locating a person’s whereabouts. If you’re in real estate, skip tracing allows you to find motivated sellers for great deals. By skip tracing you’ll be able to get listing, wholesale, or investments faster. How Does Skip Tracing Help In Real Estate? Let’s say you have a list of foreclosures. […]

Drilling One
Skip Force Drilling One

Skip Force Drilling One Skip Force Drilling One – Interesting people are interested. Why did he say that? Because people tend to always talk about themselves. Right. What? You want to listen to someone who keeps bragging about himself? No. Right. You want to brag about yourself, too. So mirroring actually is the way is […]

SFA Launched
SF Pricing Explained

SF Pricing Explained SF Pricing Explained – We have multiple options with our skip tracing and property data services. I’m going to break it down for you so you can make the best decision for your business. For skip tracing, there’s member pricing and nonmember pricing. Now you’re going to get the same data for […]