My work had us take classes from Dave Ramsey (i work for a non-profit) and I think you misrepresent his position, at least from the classes we took. He was not selling us on his investments, as much as selling us on the dangers of debt and spending above and beyond. His budgets have room for going out to eat, getting cable and taking vacations. But he is leery about spending money you do not have unless it is on something that increases in value over time like house and even that he encourages a large down payment if possible to save on interest in the long run. We talked through risk/reward investment and talked about how a lot of how much risk you should take was based on your stage of life (time to accumulate wealth), your desired amount to live on, and your comfort level with taking risks financially. He talked about having safer more "sure thing" investments, but for people who were able to he talked about risk. Yes a lot of what he says is common sense, but after talking to many people his common sense about debt and spending could have saved a lot of people from the struggle they are in. Postponing having everything you want for a little while, so that you can be more free to have what you want in a few years is wise for a lot of people. Maybe you have talked to different people, but everyone (and I mean that) has used his principles to get out of debt has come out the other side very happy and in a very good place financially. Now there are probably stories of people who it did not work for, but it has worked for the many i have talked to. And you said cult personalities like Ramsey do not say anything new, well neither do the financial people I have talked to who advocate different philosophies on spending, debt, saving, etc. It mostly all stuff that has been out there. Some is just better than others. Like anyone you need to test what people say, so I do not follow everything Ramsey says, or any other financial person.