dave ramsey – Fraud Files Forensic Accounting Blog

Dave Ramsey Officially Sucks

15 April 201315 April 2013 by Tracy Coenen

I have always been a big Dave Ramsey fan, and believed that his financial advice for consumers is first rate. But today Dave Ramsey got it wrong in a big way. On his blog, he published an article about making money in multi-level marketing.

The article failed to acknowledge the fact that over and over again, it has been proven that 99% of people involved in MLMs lose money. Front and center in the article was this lie:

Truthfully, if you have a go-getter personality, and you can follow some basic business and personal etiquette, you can make a lot of money in an MLM. The trick is to avoid all the potential pitfalls along the way.

Truthfully? No, there is no truth in what was said.

What Does Another Expert Say About Mortgage Acceleration Programs Like United First Financial?

15 August 201123 August 2008 by Tracy Coenen

Don’t just take it from me and from Dave Ramsey. We think the mortgage accelerator program sold by United First Financial for $3,500 is a waste of money. We’re pretty smart, but are there other smart people who agree with us? YES!

Jack M. Guttentag is Professor of Finance Emeritus and former Jacob Safra Professor of International Banking at the Wharton School of the University of Pennsylvania (one of the world’s best graduate finance programs). He is the former Chief of the Domestic Research Division of the Federal Reserve Bank of New York and formerly on the senior staff of the National Bureau of Economic Research. Jack says:

$3,500 Wasted With United First Financial, Per Dave Ramsey

15 August 201110 July 2008 by Tracy Coenen

I’ve had lots of comments on my thread here about United First Financial and Dave Ramsey. Dave is an absolute expert on credit issues, and he hates UFF. He says it’s a complete waste of money. (Of course, I agree.)

As usual, he’s accused of not knowing what he’s talking about because he hasn’t been to one of the UFF cult meetings. The fact is that he’s very savvy about this.

Debunking United First Financial Myths and Deceptions

2 January 201230 May 2008 by Tracy Coenen

“The UFF program is the ONLY program on the market with these exact features and benefits.”

Of course it is. If it could be compared to anything else, consumers would quickly see that it’s not all it’s cracked up to be. It needs to be some secret, special, super-duper, can’t get it anywhere else program or no one will pay the outrageous fee of $3,500 for it.

“We have a 97.6% retention rate.”

What Does Dave Ramsey Think About United First Financial

15 August 201116 May 2008 by Tracy Coenen

In my book, Dave Ramsey is hands down one of the best and most credible experts on getting out of debt. While I disagree with him on a few technicalities, we’re on the same page for most of what he preaches. The guy talks sense.

So when United First Financial representatives scammers began emailing me, calling me ignorant, stupid, and uneducated because I don’t believe in their product, I decided to research what my beloved Dave Ramsey has to say.

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Tracy Coenen on The Pyramid Scheme Aspect of Primerica Financial ServicesOh, Primerica very much endorses the deception that goes on in the recruiting process. They rely on it for their...

Tracy Coenen on The Pyramid Scheme Aspect of Primerica Financial ServicesGuess what? People DO get to "decide for themselves." And they can do it with the help of information I...

Trinity1 on The Pyramid Scheme Aspect of Primerica Financial ServicesIn addition, all of the negative comments on this thread are about people, not Primerica. If you were a...

Trinity on The Pyramid Scheme Aspect of Primerica Financial ServicesHere's a novel idea. Let people decide for themselves what they do. Most people recruited to Primerica have...

OttoAuto on Shark Tank’s Barbara Corcoran $400k Fraud VictimYet, it's a good cautionary story, as many have fallen for basically the same type of scam, but were NOT...