Dave Ramsey says doctors and lawyers are like actors, and as we all know, money is bad – “Just because you do a lot of things, it doesn't mean you win”
Dave Ramsey Calling up high earners again, who seem unable to be organized, this time, he grouped doctors and lawyers with actors and musicians.
“Doctors are as infamous as the music industry or the world of performance,” Ramsey said in a video posted on Facebook recently. “Only they add a certain amount of arrogance to it because they are so smart.” ”
The title of the post further clarifies this: “The doctor is the smartest person out there and some of the worst money. I've seen it over and over again.”
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Lawyers and artists did not escape criticism either. “Many of them let arrogance go beyond common sense,” he added. “Just because you do a lot, it doesn’t mean you’re winning.”
Ramsey's frustration is not new. He often pointed out his data to support it when his ongoing crusades caused people to abandon debt and build wealth.
He conducted a nationwide study of millionaires, surveying 10,000 million people with net worth, and found that most of them did not work in glitz or high-paying fields. In fact, “The doctors didn’t even make the top five,” Ramsey told the comedian Theo von In an interview last year.
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Instead, the first five occupations that produce millionaires are:
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engineer
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Accountant
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teacher
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manager
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lawyer
That's right – despite Ramsey's poke at the lawyers, they did beat the top five. The doctor did not.
“The hardest person who convinces the use of common sense is the smart one,” Ramsey said in the video. “The lawyers and doctors – the level of arrogance that comes with it – are usually the hardest people I have to talk about.”
“Don't be too smart to be in your own good,” he added. “Humat yourself, learn the basics, and start making your money work for you, not against you.”
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Ramsey is not saying that doctors and lawyers aren't smart, he says they think they're too smart about the basics. This is the problem. When you get used to being the top of your class, it's easy to assume that you don't need a budget, a plan, or anyone telling you how to handle your salary.
