Benzinga

España
Italia
대한민국
日本
Français
Benzinga Edge
Benzinga Research
Benzinga Pro

  • Get Benzinga Pro
  • Data & APIs
  • Events
  • Premarket
  • Advertise
Contribute
España
Italia
대한민국
日本
Français

Benzinga

  • Premium Services
  • Financial News
    Latest
    Earnings
    Guidance
    Dividends
    M&A
    Buybacks
    Interviews
    Management
    Offerings
    IPOs
    Insider Trades
    Biotech/FDA
    Politics
    Healthcare
    Small-Cap
  • Markets
    Pre-Market
    After Hours
    Movers
    ETFs
    Options
    Cryptocurrency
    Commodities
    Bonds
    Futures
    Mining
    Real Estate
    Volatility
  • Ratings
    Analyst Color
    Downgrades
    Upgrades
    Initiations
    Price Target
  • Investing Ideas
    Trade Ideas
    Long Ideas
    Short Ideas
    Technicals
    Analyst Ratings
    Analyst Color
    Latest Rumors
    Whisper Index
    Stock of the Day
    Best Stocks & ETFs
    Best Penny Stocks
    Best S&P 500 ETFs
    Best Swing Trade Stocks
    Best Blue Chip Stocks
    Best High-Volume Penny Stocks
    Best Small Cap ETFs
    Best Stocks to Day Trade
    Best REITs
  • Money
    Investing
    Cryptocurrency
    Mortgage
    Insurance
    Yield
    Personal Finance
    Forex
    Startup Investing
    Real Estate Investing
    Prop Trading
    Credit Cards
    Stock Brokers
Research
My Stocks
Tools
Free Benzinga Pro Trial
Calendars
Analyst Ratings Calendar
Conference Call Calendar
Dividend Calendar
Earnings Calendar
Economic Calendar
FDA Calendar
Guidance Calendar
IPO Calendar
M&A Calendar
Unusual Options Activity Calendar
SPAC Calendar
Stock Split Calendar
Trade Ideas
Free Stock Reports
Insider Trades
Trade Idea Feed
Analyst Ratings
Unusual Options Activity
Heatmaps
Free Newsletter
Government Trades
Perfect Stock Portfolio
Easy Income Portfolio
Short Interest
Most Shorted
Largest Increase
Largest Decrease
Calculators
Margin Calculator
Forex Profit Calculator
100x Options Profit Calculator
Screeners
Stock Screener
Top Momentum Stocks
Top Quality Stocks
Top Value Stocks
Top Growth Stocks
Compare Best Stocks
Best Momentum Stocks
Best Quality Stocks
Best Value Stocks
Best Growth Stocks
Connect With Us
facebookinstagramlinkedintwitteryoutubeblueskymastodon
About Benzinga
  • About Us
  • Careers
  • Advertise
  • Contact Us
Market Resources
  • Advanced Stock Screener Tools
  • Options Trading Chain Analysis
  • Comprehensive Earnings Calendar
  • Dividend Investor Calendar and Alerts
  • Economic Calendar and Market Events
  • IPO Calendar and New Listings
  • Market Outlook and Analysis
  • Wall Street Analyst Ratings and Targets
Trading Tools & Education
  • Benzinga Pro Trading Platform
  • Options Trading Strategies and News
  • Stock Market Trading Ideas and Analysis
  • Technical Analysis Charts and Indicators
  • Fundamental Analysis and Valuation
  • Day Trading Guides and Strategies
  • Live Investors Events
  • Pre market Stock Analysis and News
  • Cryptocurrency Market Analysis and News
Ring the Bell

A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.

  • Terms & Conditions
  • Do Not Sell My Personal Data/Privacy Policy
  • Disclaimer
  • Service Status
  • Sitemap
© 2026 Benzinga | All Rights Reserved
doctors and lawyers
April 28, 2025 8:53 PM 3 min read

Dave Ramsey Says Doctors And Lawyers Are Like Actors, Notoriously Bad With Money — 'Just Because You Make A Lot Doesn't Mean You're Winning'

by Jeannine Mancini Benzinga Staff Writer
Follow

Dave Ramsey is once again calling out high-income earners who can't seem to keep their financial house in order — and this time, he's grouping doctors and lawyers with actors and musicians.

"Medical doctors are about as notorious as people in the music business or the acting world for being stupid with money," Ramsey said in a video posted to Facebook recently. "Only they add a level of arrogance to it because they're so freakin smart."

The post's caption spelled it out even further: "Doctors are some of the smartest people out there — and some of the worst with money. I've seen it over and over again."

Don't Miss:

Lawyers and entertainers didn't escape the critique either. "A lot of them let arrogance override common sense," he added. "Just because you make a lot doesn't mean you're winning."

Ramsey's frustration isn't new. In his ongoing crusade to get people to ditch debt and build wealth, he's often pointed to his own data to back it up. 

Trending: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. See which asset class has outpaced the S&P 500 (1995-2024) – and with near-zero correlation.

Instead, the top five professions that produced millionaires were:

  1. Engineers

  2. Accountants

  3. Teachers

  4. Managers

  5. Attorneys

That's right — despite Ramsey's jab at lawyers, they did crack the top five. Doctors didn't.

"The hardest people to convince to use common sense are the smart people," Ramsey said in the video. "Lawyers and doctors — the level of arrogance that comes with that — often it's the hardest group of people I have to talk into it."

"Don't be too smart for your own good," he added. "Humble yourself, learn the basics, and start making your money work for you, not against you."

See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — invest pre-IPO from $0.60 per share now.

Ramsey's not saying doctors and lawyers aren't smart — he's saying they think they're too smart for the basics. And that's the problem. When you're used to being top of your class, it's easy to assume you don't need a budget, a plan, or anyone telling you what to do with your paycheck.

You don't have to be a genius to build wealth. But if you are one, maybe try not to outsmart yourself.

Read Next:

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


Posted In:
Personal Financenews accessPersonal Finance Access
Beat the Market With Our Free Pre-Market Newsletter
Enter your email to get Benzinga's ultimate morning update: The PreMarket Activity Newsletter
  • Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!
  • Are you rich? Here’s what Americans think you need to be considered wealthy.

His National Study of Millionaires, which surveyed 10,000 net-worth millionaires, found that most of them didn't work in flashy or high-paying fields. In fact, "medical doctor didn't even make the top five," Ramsey told comedian Theo Von in an interview last year.

But that's where Ramsey's 7 Baby Steps come in. They're dead simple by design — not because people are dumb, but because smart people overcomplicate everything. Step one? Stack a $1,000 emergency fund. Step two? Pay off all non-mortgage debt, fast. Then save three to six months of expenses, invest 15% of your income, and yeah — knock out the mortgage early. Why? Because wealthy people don't have car payments and a 30-year loan hanging over their heads. 

  • If You're Age 35, 50, or 60: Here’s How Much You Should Have Saved Vs. Invested By Now
  • ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.26/share with a $1000 minimum.
Comments
Loading...