5 things you need to know about dave ramsey’s controversial new rule that’s dividing his followers
- He just banned credit cards for all his employees, even for business travel—insisting they pay via debit or cash only. This comes after a major internal audit revealed that 70% of his own staff’s expense reports were tied to rewards points, which Ramsey calls a "psychological trap."
- The finance guru is doubling down on his “no debt” stance by launching a new program that forces clients to shred their cards in a live-streamed event. Critics says it’s a publicity stunt, but his die-hard fans are calling it a "debt detox revolution."
- A leaked internal memo shows Ramsey is now requiring all new hires to sign a pledge that they will not open any new lines of credit—including car loans or mortgages—for the first two years of employment. Legal experts are questioning the legality of this.
- He’s retiring his famous "Baby Steps" system for a more aggressive "Speed Run" model that eliminates the emergency fund step for single earners under 30. Financial advisors are alarmed, but Ramsey argues it’s to "stop millennials from hoarding cash."
- This new rule has sparked a massive #DebtFreeWar on social media, with former followers accusing him of "financial gatekeeping" while new converts flood TikTok with videos of them burning their FICO scores.