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Home » Robert Kiyosaki vs Dave Ramsay: Who Is The Better Financial Guru?

Robert Kiyosaki vs Dave Ramsay: Who Is The Better Financial Guru?

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Two people stand out in the world of personal finance gurus: Robert Kiyosaki and Dave Ramsey. 

The Robert Kiyosaki vs Dave Ramsay debate compares two different strategies to achieve financial freedom. This guide will compare both methods and determine which is more beneficial. 

So with all that said, let’s start.

Robert Kiyosaki’s Strategy to Achieve Financial Freedom

The author of “Rich Dad Poor Dad” advocates for financial freedom through financial education. Most of Kiyosaki’s teachings come from his Rich Dad Poor Dad lessons, which argue the case for achieving financial freedom primarily through passive income. 

In addition, Kiyosaki’s financial freedom strategy revolves around investing and entrepreneurship. Kiyosaki explains the need for individuals to take control of their finances and make sound decisions regarding finances. 

Therefore, Kiyosaki is passionate about being an active investor. Robert Kiyosaki is one of the most famous personal finance experts, and his book has sold dozens of millions of copies worldwide.

Dave Ramsay’s Strategy to Achieve Financial Freedom

On the other hand, Dave Ramsay is an expert finance counselor, radio personality, and author of dozens of books. His most famous books include “The Total Money Makeover,” “The Money Answer Book,” “Smart Money Smart Kids,” and “Financial Peace.” 

But Ramsay is most famously known for his 7 Baby Steps approach to personal finance. Therefore, we can examine Dave Ramsay’s strategy for achieving financial freedom through these 7 Baby Steps. 

At the core of Ramsay’s strategy are saving and budgeting. Ramsay argues that individuals can achieve financial freedom through several steps. Those are:

  • Saving $1,000 as an emergency fund
  • Paying off debt using the debt snowball technique (excluding mortgage)
  • Creating a fully-funded emergency fund that contains between three and six months’ worth of expenses 
  • Investing 15% of your income into a retirement fund
  • Saving enough money to put your kids through college
  • Paying off your mortgage completely
  • Building wealth and giving backing

These seven steps outline Dave Ramsay’s financial freedom strategy. Unlike Robert Kiyosaki, Ramsay advocates for saving, paying off debt, and investing. These three primary methods help individuals achieve a debt-free lifestyle. 


The Robert Kiyosaki vs Dave Ramsay financial freedom strategy debate includes different ideas, methods, and teachings from two of the world’s most famous financial experts.

Both Kiyosaki and Ramsey offer valuable personal finance insight through their books. However, their approach to personal finance significantly differs. 

While Kiyosaki emphasizes entrepreneurship and investing, Ramsay emphasizes saving, investing, and paying off debt. Depending on your situation, one of these strategies might be more suited to you than the other. 

Kiyosaki’s approach is more suited for individuals with some capital to start their first business and invest. On the other hand, Ramsay’s approach is more flexible, as it’s easier to save your first $1,000 compared to launching a business.

Ultimately, you must examine your personal finance goals and financial power to figure out which strategy is right for you. In addition, risk tolerance is a factor you must consider. 

Lastly, it’s important to hear both sides of the Robert Kiyosaki vs Dave Ramsa debate to make an informed decision about your own financial future and road to financial freedom. 

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