Dave Ramsey Weighs In On The 2024 Presidential Race With A Surprising Endorsement – Here's Who The Finance Expert Is Supporting

Dave Ramsey, the renowned financial advisor and radio host, has made headlines with his surprising endorsement for the 2024 U.S. Presidential race. Ramsey, known for his straightforward advice on personal finance and money management, announced that he is supporting former President Donald Trump and he’s not mincing words about it.

According to a report from Fox Business, Ramsey explained his reasoning on a recent episode of The Dave Ramsey Show, breaking down the key policies that influenced his choice.

Don't Miss:

• According to Vanguard’s Advisor’s Alpha Study, working with a financial advisor can result in approximately 3% higher net returns annually, here are the benefits of partnering with a financial advisor and how to find the right one near you in minutes.
• Many are using this retirement income calculator to check if they’re on pace — here’s a breakdown on how on what’s behind this formula.

"Where am I most likely to get a tax policy that I like? Where am I most likely to get an immigration policy I like? Where am I most likely to get a foreign policy I like? Where am I most likely to get a gun policy I like? A climate change policy I like? A woke policy I like? That I agree with,” he stated.

“So I’m going to tell you, I’m voting for Donald Trump because I checked those boxes and more of them are on that side than the other.”

Given Ramsey's estimated net worth of $200 million, many people aren’t surprised by this stance. As a high-income earner, Ramsey benefits from policies like the Tax Cuts and Jobs Act (TCJA) of 2017, pushed by the Republican administration. 

He expects future cuts to federal income tax rates across all brackets, with the most significant reductions benefiting wealthy Americans like himself. However, this policy has sparked criticism, as the individual and corporate tax cuts under TCJA are estimated to have added about $1.9 trillion to the federal deficit over 10 years, according to the Congressional Budget Office (CBO). 

See Also: Studies show 50% of consumers think Financial Advisors cost much more than they do — to debunk this, this company provides matching for free and a complimentary first call with the matched advisor.

Critics argue that this burden will affect programs like Social Security and Medicare, two of the largest entitlement programs in the federal budget.

This public declaration was met with mixed reactions from his massive audience. Ramsey's show, which boasts over 18 million weekly listeners on platforms like Sirius XM, iHeartRadio and others, reaches a diverse crowd. 

Some might have been surprised by his endorsement, while others may have seen it coming. Regardless, Ramsey seemed unconcerned about potential backlash. “People have threatened me like, ‘I'm going to cancel you,'” he said with a chuckle. “That's hard to do. I own the show so you're not going to get to cancel me.”

Trending: A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today.

Ramsey's outspoken support for Trump isn’t without context. In a recent interview with Trump titled “Can Trump's Plan Clean Up America's Financial Mess?” The two sat down for nearly 25 minutes to discuss key issues like inflation, U.S. energy independence, real estate and the general state of the economy. 

Ramsey asked how the former president's policies could address America's ongoing economic challenges.

While Ramsey has thrown his weight behind Trump, he's also expressed a willingness to engage with other candidates. A TikTok video indicated he had contacted Vice President Kamala Harris for a similar interview. "I'll do the same thing with Vice President Harris if I get the chance," he wrote in a caption. 

Many financial experts believe Ramsey's endorsement could have an impact, given his influence over a large, financially minded audience. However, not everyone is on board with his choice. Critics argue that some of Trump's economic policies, particularly his tax cuts, disproportionately benefit the wealthy, while others question his approach to trade and foreign relations.

Read Next:

• Can you guess how many retire with a $5,000,000 nest egg? – How does it compare to the average?
• This billion-dollar fund has invested in the next big real estate boom, here's how you can join for $10.