Finance guru Dave Ramsey gives harsh truth on whether Trump or Harris will be better for your finances
Voters are wondering whether their finances will be better off if Donald Trump or Kamala Harris win the election.
A quarter of Americans base their vote entirely on which candidate will increase their bank balance, according to a GoBankingRates poll.
But money guru Dave Ramsey – worth around $150 million – claims the election outcome will have no significant impact on personal finances.
Appears on Cavuto coast to coast on FoxRamsey said he wasn’t a fan of any of their policies – and told listeners to take responsibility for their money instead of relying on politicians.
He said, ‘Neither [them] are fiscally responsible people.
One in four Americans casts their vote solely based on the candidate they think will improve their finances. But Dave Ramsey said neither Trump nor Harris are better for Americans’ personal finances when he appeared on Fox
“Neither of us assumes we’re going to reverse this deficit.
“They’re both thinking of different ways they’re going to spend our money and take us further over the cliff.”
He referred to experts who say the two candidates have big spending plans that will push the US further into debt.
Some say this could also lead to more inflation. But despite these concerns, Ramsey assured Americans they had nothing to worry about.
He said: ‘That’s just part of politics. It’s the way it goes. And the good news is that that rhetoric has been around since I was a boy, and I’m an old man, so I think we’ll be fine. We’ll get through that.’
But despite not saying either will help Americans, Ramsey said last month he is voting for Trump.
He explained on his own podcast that he reviewed both Trump and Kamala Harris’ policies on taxes, immigration, guns, foreign affairs and climate change.
Ramsey urged Americans to make changes to improve their finances – for example, cutting back on spending, refinancing their home for a cheaper deal,
“The trick is for people to realize that none of these people are going to be your savior,” he said.
‘You’re going to have to look in the mirror and change your life. What happens in your home is much more important than what happens in the White House.”
But despite not saying either will help Americans, Ramsey said last month he is voting for Trump.
He explained on his own podcast that he reviewed both Trump and Kamala Harris’ policies on taxes, immigration, guns, foreign affairs and climate change.
Ramsey is known for his candor. In August he has tore into one Missouri couple after the man revealed they were $240,500 in debt, but at the same time refused to give up the family car.
Financial guru Dave Ramsey attacks a Missouri couple after the husband reveals they are $250,000 in debt but won’t give up the family car. “You’ve been spending money like you’re in Congress,” he said. “You’ve never paid a debt you didn’t like.”
John from St. Louis called into Ramsey’s show to ask for help getting his and his wife’s “monster debt” under control, but the guru had no time for his antics after telling him he refused to take the family car away to do that stuck them with $28,000.
“John, I don’t really care if it’s the family car,” he said.
“You’re broke, you’re starving and you make $150,000 a year. You can’t say it’s the family car, you can say everything is on the table, we sell so much stuff that the kids think they’re next.
“You guys spent money like you were in Congress for what, 10 [years]?’
The St. Louis couple, who make $151,600 a year, have only been married for four years, shocking Ramsey and his guest host Jade.