Core Insights - A Reddit user with a net worth of $20 million critiques Dave Ramsey's financial advice, suggesting it may not lead to significant wealth accumulation in today's economy [1][3][4] - The commenter argues that Ramsey's strategies, while safe, are mathematically flawed and may hinder followers from achieving higher wealth targets, such as $5 million or more [2][3][5] - The discussion highlights a tension between risk-averse financial strategies and the need for leverage to build generational wealth [4][5][6] Group 1 - The commenter acknowledges Ramsey's approach is suitable for risk-averse individuals aiming for modest retirement savings [2][5] - The critique emphasizes that the financial landscape has changed, and $1 million may not provide the same security it once did [2][3] - The user attributes their own financial success to leveraging investments, which contrasts with Ramsey's advice against using leverage [3][4] Group 2 - Ramsey's Baby Steps focus on eliminating debt and building emergency savings, which the commenter believes is too conservative for wealth building [5] - The commenter suggests that following Ramsey's advice may have resulted in missed opportunities for significant growth over the past decade [6]