Curious as to whether anyone pays Dave Ramsey to be a smart vestor pro? I realize the inherent pros and cons but want to hear from those who have done it over the past 12 months...

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Take that $1,000/month you would spend on this crap for two months and save it and put on one seminar. You will be farrrrr better off.

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Small accounts. Take a lot of time.
Nooooo

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My dad used to be his ELP or Endorsed Local Provider as they called it back some 8+ years ago. Was good when we had it, but then they changed the territory and wanted to add others and then would rotate a lead, but then increase the monthly fee. At that point we dropped them.

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Did it for about a year. Total waste of money

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I was an ELP for about 5 years. It was worth every penny. Once it became Smartvester the program did not work anymore. I would not recommend spending money on it.

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My office has been, must are smaller accounts. A few 7 figure accounts, but it takes time. You have to be the first to call or consistantly calling over a long period of time. If you dont have a secretary, it probably wont be worth it.

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Our firm has been involved successfully for the last 18 months. We net about $3,000 per month in revenue as a direct result of our involvement.

To add some context to our revenue above we’re a fee only firm charging for planning and AUM. If you were to offer insurance, annuities etc that number would be higher so that should be taken into account in your planning as well.

My two cents on the program is that you get to help and interact with a lot of people who need and want the advice. While I appreciate what I believe the Ramsey organization is trying to accomplish I’m not always in alignment with the way he delivers the message.

I’m of the opinion that they are teaching basic principles that offer great guidance however I don’t believe in one size fits all advice. Will the average person be better off following the baby steps? Sure, in the absence of tailored advice the baby steps work however in my experience there are many other approaches that yield greater outcomes for the client from a net impact to the clients balance sheet.

As a result I’m experiencing a bit of cognitive dissonance because aligning with the program is weaving your personal brand and philosophy with his and that is becoming increasingly more challenging to accept.

I hope that helps

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No, but I knew a guy who did when he was starting out because he was awful at marketing himself. It kept him afloat, but 99% were terrible clients long term.

How would you know EJ? I didn’t think DR will affiliate with a captive W2 advisor?

Double wide trailer prospects.

Yes you have to pay. It is according to your market size, based on the radio market. Cost is 750-1200 per month. Average client has about 200k. I was asked to be an investor pro. I passed on the opportunity.

I do it. It’s worth it for me but not for every advisor. All the leads are sent to everyone so you’re competing - so depends on your competition too

I'd only go back to it with a CFP. 2 months in and 1 good lead. Cancellation took 30 days so if you decide to try it, don't drag your feet if the ROI isn't there. I could have purchased a lot more valuable lead lists for the same money.

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