Does Dave Ramsey Endorse Primerica?

No, Dave Ramsey does not endorse Primerica (source). He further states that the cost of their insurance is high.

If you are on the lookout for suitable insurance, financial services, or investments, you might be considering Primerica, a popular company that sells insurance and numerous financial products. But how much do you know about Primerica, and do financial gurus recommend it? Also, is Primerica a Pyramid Scheme?

Primerica is a company that recruits people to help sell its policies and recommends them to start by selling the policy to friends, family, and co-workers and introducing the work opportunity to them as well. The company’s agents make money depending on the sales made by agents they recruit. Therefore, Primerica obtains revenue from its non-salaried workforce and is a multi-level marketing company.

Read on to find out everything you need to know about Primerica, if Dave Ramsey endorses the company and his opinion on MLM companies.

Dave Ramsey is a popular financial guru with a significant social media presence. Unfortunately, he does not recommend Primerica. In his Tweet, Dave cites their high cost of insurance:

Dave Ramsey does not endorse Primerica.

But what does Dave Ramsey have to say about MLMs?

Dave Ramsey Shares His Thoughts on Multi-Level Marketing

Dave Ramsey digs deeper into Multi-Level Marketing companies and shares his thoughts on the companies. He generally shares the pros and cons of these companies on YouTube, where he explains how these companies have been around for a long time and boast high turnover. Here are the advantages and disadvantages he shared of MLM companies.

Advantages:

You can quickly start your business
Great flexibility
Supportive team
Ability to grow and make money

Disadvantages:

You could lose money
The job involves more recruiting than selling
You will be paying money upfront
You might isolate yourself from family and friends
You could spend more time away from friends and family

While Dave Ramsey does not condone the companies, he neither endorses them. So, you need to make the decision depending on what suits you best.

Are There Alternatives to Primerica And Other MLMs?

Yes, there are always alternatives. You can find numerous things that align with your passion and can help you earn a decent earning without necessarily being involved in an MLM.

For example, you can try freelancing, where you render your services and get paid. You choose a service you are passionate about or good at, set your rate, and work as an independent contractor. You can sign up on freelance websites like Upwork or Fiverr, offer your skills, and get paid.

Another alternative is affiliate marketing. It works somewhat similarly to multi-level marketing since you will be promoting a product and earning a commission for every sale. However, you won’t have to buy the product or recruit people.

Your main task will be to generate referrals through product links to a company’s products. The product links will lead to a landing page of the product where people can make a purchase. For every purchase, you earn a commission.

You are not confined to working for an MLM to make money. Consider the other alternatives which may be best aligned to the business you would like to start and to your entrepreneurial goals. Unlike MLM businesses, where you have numerous people working above you, these other options are ideal for ambitious people who would like to earn and be their boss.