In a culture that increasingly valorizes start-ups and social entrepreneurship, and an economy that keeps ordinary people always on the lookout for the next gig, it makes sense that multi-level marketing firms have found a warm reception. But how different are they from their predecessors—and how are they the same?
Financial literacy promotion may sound perfectly sensible—who wouldn’t want to teach children and adults the secrets of managing money?—but in the face of recent research it looks increasingly like a faith-based initiative.
Meet Dave Ramsey, the most important personal finance guru in America. Millions of people follow his biblically inspired advice. It goes like this: 1. Purge yourself of debt; 2. Live on cash; 3. Pretend economic trends don't affect you; 4. Blame yourself when they do.