Dave Ramsey Show

The Dave Ramsey Show

 

I have an unusual way of looking at the world. My wife, Sharon, says I’m weird, and truthfully I am weird. But there’s a reason. Starting from nothing, by the time I was 26 I had a net worth of a little over a million dollars. I was making $250,000 a year. That’s more than $20,000 a month net taxable income. I was really having fun. But 98 percent truth is a lie. That two percent can cause big problems, especially with $4 million in real estate. I had a lot of debt — a lot of short-term debt — and I’mthe idiot who signed up for the trip.

The short version of the story is that debt caused us, over the course of two and a half years of fighting it, to lose everything. We didn’t tell anyone what was going on, but if we had to do it again, we would learn from the wisdom of others who have been through it. We soon learned that we were not the only ones at the bottom. Barbie and Ken (you know, the couple who appearto be perfect—perfect clothes, perfect car, perfect house) are broke, and I don’t take financial advice from broke people anymore.

After losing everything, I went on a quest to find out how money really works, how I could get control of it and how I could have confidence in handling it. I read everything I could get my hands on. I interviewed older rich people, people who made money and kept it. That quest led me to a really, really uncomfortable place: my mirror. I came to realize that my money problems, worries and shortages largely began and ended with the person in my mirror. I also realized that if I could learn to manage the character I shaved with every morning, I would win with money.

I went back to my first love, real estate, to eat and to get out of debt. Along the way, I began another path—the path of helping others, literally millions of others, take the same quest to the mirror.

I formed The Lampo Group in 1992 to counsel folks hurting from the results of financial stress. I’ve paid the “stupid tax” (mistakes with dollar signs on the end) so hopefully some of you won’t have to. I wrote the book, Financial Peace, based on all that Sharon and I had learned, and I began selling it out of my car. With a friend of mine, I started a local radio call-in show called The Money Game, now nationally syndicated as The Dave Ramsey Show.

Our company history is full of landmarks including 6 best-sellers on the New York Times, Wall Street Journal and Publishers Weekly lists —and we’re not slowing down. The Lampo Group now has more than 400 team members and a variety of products and services to help you reach your financial goals.

Many companies define success based on the dollars coming in, but at The Lampo Group we define our success by the number of lives changed: listeners getting out of debt, readers taking their first Baby Step and saving $1,000, FPU graduates investing for their future. We learned early on that if we help enough people, the money will come. Our mission statement isn’t just lip service—it’s our mantra:

“The Lampo Group provides biblically based, common-sense education and empowerment that gives HOPE to everyone in every walk of life.”

Thank you for visiting our website! Wherever you are in the process — making the quest to your mirror, struggling to get your budget to work, paying off that last debt or debt-free and looking for places to give — let us know how we can help you take that next step in your money makeover. That’s what we’re here for!

Dave Ramsey
Dave Ramsey shared Chris Hogan's post.11 hours ago

Chris Hogan and our team studied 10,000 millionaires to see what they all have in common...

Hint: It's NOT a rich uncle or a lottery win.

their "research" has interviewer bias. He definitely coaxes the interviewees into telling him what he wants to hear
The Millionaire Next Door 2018?
Start early, don't spend more than you make, save and invest wisely.
I so want this book
Sounds interesting
Hmm link doesn't work properly
I ordered it!
Can't wait for this book! 💵💵💵💵
Danielle Jones 👇 lol
Nate Lightner
Tammy O'Reilly
Dave Ramsey
Dave Ramsey14 hours ago

WOW. Awesome couple and a great example of stories we hear all the time from Financial Peace University graduates!

Join the debt-free revolution: https://goo.gl/9WTeYh

"WE'RE DEBT FREE!!!! It's been an exciting and exhausting road these past couple years as Ellen and I committed to the Financial Peace University program. Our mantra through this journey has been, "we want to make decisions in our lives based on our passions, not payments." Before all of this, we had no focus or goals in our financial life until we were encouraged to go through FPU...

Didnt need the class, read the book and listened on audio. 3 months in and 4 debts down and I dont think I've taken a day off or worked less than 12 hours any one day lol but I got news that my canceled service plan was credited as payments so no car payment for 5 months which means another debt gone while still being on track with my payments. Harder you work the more "luck" you have.
I know them!!! Ellen Hutchinson!!!! Can’t wait till my husband and I are done with our debt from dental school loans! We’re super team Dave Ramsey!!! Congrats!
Must be nice to live somewhere where all that debt including a house is under $150k
Yes I made Mars go through this while we dated. We came together with no debt and now built our house with a big lump sum down... and hoping to pay it off in 15 years if not sooner... Finances can be a headache so to have this out of the way, is a blessing. Congrats Ellen Hutchinson
Dave Ramsey is AWESOME! Because I faithfully utilized the principles of FPU I am totally debt free! (Includes two houses, three cars and a boat). Paying cash for cars is such a hoot (never brand new, usually two or three years old.......another practicing rule of FPU). I encourage everyone attend FPU. It's not easy, but with ACTION, SELF DISCIPLINE, DETERMINATION the end results are AMAZING!
Congratulations!!! So happy for both of you. We just paid off all our loans and credit cards. Next is our mortgage!!!!!!
The class has sound money management principles. Common sense ideas. You just need the discipline to succeed. My new financial advisor is astonished I have no credit card debt!
We just started the 9 week class....so excited and committed!
Congrats!!! 😁😁😁🎉🎉🎉There are so many haters, which is sad. Be happy for others and their successes!
Awesome!! We are on track for payoff next August! Woot woot!
Dare to be different than the masses......give all the teachings of FPU a try.
$150k in 3 years. Kristen, we can do it, too!
Praise the Lord! You guys are awesome !!
How is that even possible? Do they both make 60-100k a year and no kids?
Yay, Rick and Ellen!! I’m so proud of you guys!! Way to get it done!!
Dude should take a landscaping class
Kore Deaville you guys will be next!
Quit paying your property taxes and see who really Owns your home
Joshua something for us to look into
Awesome!
Abel Dan LeBatard is debt free.
Love this!!
Congratulations!
Congrats! What an accomplishment!
So good. Thanks for sharing 😊
Dave Ramsey
Dave Ramsey was live.17 hours ago

The Dave Ramsey Show is LIVE now with guest host Chris Hogan, joined in the first hour by Anthony ONeal!

Take CONTROL of your future with Financial Peace University: https://goo.gl/YUBT7E

Dave Ramsey
I took the FPU class through our church years ago. I was blessed with great parents who taught me how to manage finances. I only had a mortgage, but I highly recommend this program!
My husband has a pension and automatically has 7% of his income put into that. Does that 7% count as part of the total 15% toward retirement or do we need to invest 15% outside of that?
What does a person do when they have only the amount of money each month to pay the bill, buy minimal food and not able to fix the house or car?
I can't seem to forget about that water jug...I have read that 8 cups is recommended, but that converts to 1/2 a gallon...what's another 1/2 gallon :)
Donna, I would scroll up on this conversation, as I believe that has been discussed. You may get the info you are looking for.
If you are trying get out of debt you will be 1500.00 in payments. My wife is nurse and we got to the point where we were paying over 1500.00 a month. Gazelle intensity
I saw that yall are encouraging financial coaches to step forward. What exactly is requested of a Financial Coach?
movie theater hack- take a quart size baggies (1 for each person)buy a large popcorn, these usually come with a refill. Split the popcorn and get a refill.
Also who are these guys? Im used to seeing Dave himself? Did Dave sell his business or part of his business? Havent tuned in, in a while.
SINGLES can join us on face book at Budget Buddies, singles living their debt free journey. Closed group. Answer the questions to get approved to get in
Think this? Whats the possiblity of losing your job and income in these 15 years? Is it secure or is there a big turnover rate?
I've noticed Chris is a great listener he picks up on small details on the first take.
We’ve paid off SOOOO SOOOO much in such a short time!! Thanks Dave Ramsey!!
I love Dave Ramsey! Saving my future and my marriage. Wish I knew him when I was in my 20s!!!
Can save a ton of money by paying off highest interest rates first
When I read his book, it's in his voice lol
omg he makes me nervous by driving and being distracted with speaking.
I wish I could win 5500 and pay our car down more.
I love it when Chris Hogan hosts!!!
Millennials eat tie pods and they're lazy.
Dave has such a good nucleus of teamplayers! Love it!
"I'm focused, not finished" Love this Chris Hogan!
Shouldn't you attack bill with highest interest first?
This is the first time I've stumbled onto your live show! This is awesome!
I think y'all are great at giving advice on financial issues. Y'all you just as good as Dave.
Dave Ramsey
Dave Ramsey20 hours ago

Plan it out instead of stressing out.

These may be forgotten expenses - but how is an annual check up a monthly expense? (A few others were once a year costs)
Higher Thinking Youniversity We are NOT taught to budget properly at all. Creating a proper budget is way more difficult and involved than most people think - but when done properly it works wonders! 💥
Liza Juliette DeCamp Good article for y’all!
Great read!! We forget these things all the time!!
Yep....Kelly DeJager
Cindy Stillman
Stace Ecats
Randy Presa
Dennis Hoy
Dave Ramsey
Dave Ramsey1 day ago

“I owe nothing to anyone!" - Kristy

I’ll never be debt free I owe everything to Jesus
We paid off $28k in 2.5 yrs and we’re debt free including our mobile home that we lived in. But I really, really wanted a true house. 4 months after we got debt free, my 31 yr old husband had a heart attack at work. Over the 4 days he was hospitalized, they put a stent in & told us he was diabetic, plus had high blood pressure, cholesterol & had thyroid disease. Our whole way of life changed after that. It was super scary, but I had the peace of mind knowing that no matter what the outcome, I wouldn’t be homeless & the utility bills could be paid on my earnings alone. He lived & got back to work fairly quickly. Within a year we bought a real house & sold the mobile home. If you’d have told me back then that we’d have this house totally paid off in only 13 yrs, I’d have laughed hysterically. But last December I walked into our bank, paid the balance off & in the banks parking lot I finally could put our Dave Ramsey bumper sticker on that reads “Debt Free & Loving It”! I wish everyone could feel the freedom & for those of you who are struggling, please don’t give up hope. Stay focused & you’ll make it, I promise!
I paid cash for mine at 26 years old, so its not that crazy. Most people want some extravagant home they pay 30 years for, which is INSANE. Lower your standards and live a better life.
In all honesty, I am not trying to play the negative nellie here. I am asking genuinely. How does even a single person eat and pay basic/required utilities on $3600 a year! ? Even if you didn't eat out at all. I wish they would have given a breakdown more specifics to share. I know many ways I could cut down and save on expenses, however this seems mathematically stretched to impossible. Regardless, I am proud of her hard work!!
Home paid off but don’t pay those property taxes and you will see who actually owns the house!
Buy a mobile home and add a metal roof. 28x40 Doublewide. Pay it off with land in 2 years. American dram is a farce. Trick is to have no debt and pay cash for everything
Easy to do if you're single with no kids! The house was $48,000
She owes a good few grand in property tax every year
Knew a person who did this and right after their house was paid off they had a heart attack and became a quadriplegic. There is something to be said about living in the moment.
Unless you live in Illinois, and then you still owe a 2nd mortgage in property taxes.
That is one cheap house. Props to her for it. I've started putting down extra on my mortgage too but my mental health is just as important
The nice thing is once your debt free. You can work where u like. Money is not as important. But yes I'm still paying property taxes also after house paid off. So you really are never 100% free.
Good for her. If I read correct her house cost $48,000. Don't know where she lives or what type of neighborhood. Most of houses in my area cost 200+ k. It all depends on where you want to live I guess.
I was recently told when someone pays their house off, they owe more in federal income tax since there is a tax write off for a home mortgage. Does anyone know the details about what i was told and if it’s true?
Nowhere in this story does it say her house is worth 48k. Maybe she made normal mortgage payments for 10 years then went gazelle and pd the remaining in 33 months
Lived on $3600 a year? I would like to understand how that works, what that looks like.
I would love to be able to do what all these people do all the time, but as a single parent (not by choice) with 2 kids and I work full time with a decent wage and also have a part time second job, and I don't even have enough money to pay extra on things. We don't have anything extra even, no cable, no Internet, no home phone, cheapest cell phone plan I could find just to have a phone. Kudos to them for doing it, but I don't see it ever becoming reality here.
We have $6000 in medics clay each year just for the insulin to keep my wife alive. So to live off of 3600 a year is not possible for people who are married and have kids. Dream big work hard and play harder.
She set a goal, put in the work and handled the business. I pity anyone who has an issue with what this woman’s accomplished.
Dave is Kristy single?? Would you or Kristy please contact me. She is really pretty. Dave Ramsey would you please start an online singles dating site. You are the man!!!!!!!!!!!!!!!!!!!!!!
I’m single with no kids; Also I am trying to pay off mortgage early as possible. *thumbs up*
I would love to be able to do this, but living on just $3600 a year? We have been doing DR since January, still on step 2. Cancer really put a crimp in our plans this year
It's been 3 years since my dad and I bought our house and we have only paid down 8 months. Better than nothing but I need to step up my game big time!
I would love to see an example of her budget.
I cant believe how many people are negative about this instead of using it as inspiration to strive to be debt free in what ever amount of home you choose to live in. We are debt free and it feels great! Try it you will like it!