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 Ramsey5 hours ago

It's been a huge help in paying off debt for a LOT of people.

Let's break down the basics and see if it's worth it for you...

I have a hard time getting past the terms of agreement just to join as a host or guest. Basically says you have no rights to complain about anything or have any standards.
May want to call your insurance agent before this or ubering
Your article failed to take into account the high federal tax rates on this kind of income.
We paid off one of our loans by renting out our guest rooms in Hawaii! There was only one guest we didn’t like in the 18 months we did it... I would totally do it again!
We are doing it and it’s awesome on so many levels!
Airbnb has been a huge blessing for us. Helped us pay off our house!
I agree with most things Dave says but sorry I'm not inviting strangers into the home my children also live in this day & age.
Thank you for this information. I’ve been considering this as an option. It’s so nice to have the basics handed to me.
I paid my mortgage for two years
Ryan McNeely
Alex 🤔
Tori Williams...😊
Maliheh Jabbari
Pam Nelson
Jamee Wells Long Mark Long
Dawn Boland
Jordan Manley
Clara L. Scroggins
L Del Toro
Martin
Rebecca Madigan
Sam Ricks
Dave Ramsey
Dave Ramsey8 hours ago

Callie's been reading "The Total Money Makeover" and wants to know how to get her spouse on board with the plan.

Dave's got some great advice on how to approach the subject...

It worked for me. I kept pressing on my husband for 2 YEARS. Our church offered FPU & I asked him to join me. He begrudgingly started to research after I already registered us up for the class. In class it clicked with him & now we are both on board. 👍🏻 We are on Baby step two!
I’ve tried all that and she’d rather stay in the same rut sooo I have to keep pressing on hope she don’t get left behind.
Come join a great facebook community of fellow Dave Ramsey Baby steppers, where we give “dave” advice and support each other through the baby steps. Dave Ramsey Baby Steps: “No ish here”. Its a great place to be. Because “ish” doesn’t work. https://www.facebook.com/groups/601818826852128/
I just did it in February. No permission to write it out, plan it ect. Both work. I do all the financial bill paying. He’s not a big spender. He’s not technically on board but doesn’t mind me doing it.
As with all things work, you have to Tom Sawyer it. You don't need your spouse's permission to sit down and write up where your income is coming from, what your monthly bills are, how much you're spending on variable expenses like food and entertainment, etc. You don't need their permission to look at where your money is going. You don't need their permission to create a vision of what you could have if you just paid more attention to where the money is going better and focused on your net worth more than just short term wants. If you make it sound terrible and focus on taking away the other person's fun, no kidding they're not going to get on board. If you have a "can do" attitude then they'll have a hard time complaining since you aren't. Start by figuring out how you can bring in more money to the household. How you can do more work so your spouse can do more work and increase their earnings. You approach like a fight, it will be a fight.
Babbbeee Alfredo Del Valle
Joseph Toth
Valerie Saldana
Donald-Angel Robert
Brice Otte
Kate Higgins
Clint Posey
Andrew Hix
Maddy Mott
Laura Brase
John Anderson
If you can't get your spouse on board, get rid of them. Id rather be lonely than broke.
Dave Ramsey
Dave Ramsey was live.9 hours ago

The Dave Ramsey Show is LIVE now!

Dave Ramsey
Not sure what we will have at retirement, just kinda throwing money at it right now. We plan to sit down with our financial advisor and do a full review of our plan and then maybe have a better idea.
OK... spoiler alert... I guess some will consider this an "ish" question, but I have to ask... Why is it that Dave equates "playing kissy face with the bank" with using credit smartly?
I definitely think in your situation it would be good to keep a credit card or two and payoff balance every month to maintain credit. I’ll tell you we do the same thing.
That's why I said I dont get his view on 0 credit scores. For someone that makes a lot and can get a mortgage, maybe. But I think it's far too risky.
My wife has a 6% match so she contributes that amount and our extra goes to my 401k and other investing in mutual funds and now saving for buying rentals in cash
I'm also in NYC. We missed out on an apartment because our scores weren't over 720. Unless I want to live in the hood, I have to have a good score.
I don't get his view on credit score. I live in NYC. I need a good credit score to get jobs and to rent apartments. Without it, I'm screwed.
Rebecca S Allen, like using a credit card for a hotel stay, for example, and then paying off any balance in full every single month.
Trish. We still a credit card when we travel overseas. And pay it off. But many times we can use debit cash with no fees.
When I drive, I often put your show on. I always learn something and I always come away inspired. Thank you for your service!
Wife and I are starting our debt snowball in July when we are done going to make a trip to Tennessee to scream I’m debt free on Dave Ramsey show
Where we live we only have to have good references from phone company, utilities, and job references to get an apartment.
I don't carry balances forward, but I don't consider myself to be "playing kissy face with the banks."
**** Dave your thoughts on the children being Separated from their parents **** people look to you for direction **
I earn 500$p.m. with a tonne load of debt that even tithing is a problem. Am stuck on a cycle how can l get out
We paid our mortgage off 2 weeks ago and our score dropped 84 points.but I would rather have a low score than a mortgage.
Bankruptcy is not an excuse for irresponsible and reckless spending.
Mantanna, it will be available later via Podcast
And I have been to 40 countries and all over the U.S., so yes, a card comes in very handy then. :)
700 and above is the standard for many apartments because they can be selective.
Having 0 would likely remove me from decent apartments and good jobs.
That's RIGHT you can't mess with the Feds they don't play around!!
What do you think he would say? All for it? Not hardly.
Tim List I cannot wait for Step 7!
Bridgette Everhart Hardin girl congratulations!!! That's so exciting!!! <3
Dave Ramsey
Dave Ramsey was live.11 hours ago

The Dave Ramsey Show is LIVE now!

Dave Ramsey
I have always wanted to ask: I just retired with about $260K in my IRA. I have been wondering when I should tackle final expenses? I don’t want to leave this for my children to do.
Josette, I had to be intentional and have a monthly goal of how much I wanted to pay off- this is what gave me momentum. I dug deep and lived bare minimum to have them paid off.
Dave is fired up, and so am I! So much negativity around me, and I am focused on the Prize-Being Debt Free! Be focused my Brothers and Sisters!
Rose Ann Wall listen to this guy these people eventually become debt FREE so although it is hard and it may take years it is possible.
Hi Dave Ramsey! was wondering would you pay off promotional interest free balances before experiation dates? or stay focused on highest interest?
Richard I live in NJ so I understand. If you start with this Godly program you will be delightful pleased!!
I've only been a little hungry. That's my problem. I need to find the real reason I want to get hungry.....
Increase income and decrease spending. Live on less than you make. Stick to a budget and the steps.
i love the debt free screams so much! can’t wait to do one. may be years from now but we will get there
I would like to ask a few questions about ownership of a small telecommunications business. Been in business for 3 years 1st year was great and the last 2 have been very challenging and has put us in 500k in debit.
A friend is letting me eat leftovers with her so I can save money... I'm grateful
Thanks Dave for not kicking him again instead you got to the root of the problem "pain".
Go Alabama!! My family hails from there!
I'm hoping the dame thing. Done by next yr.
Kenall, you can practice. I'm listening!
Mary. When your friend turns 60 she should be able to get widows benefits from SS
Louise find an ELP financial advisor in your area through Daves website.
yeah.. guess im done watching for today.. is this live on sirius/xm or anything
Richard check out dave Ramsey baby steps no ish here on Facebook. Hopefully we can help you there 😊
I refreshed my page, it's back to normal now
Jeremy, I did for a couple months, was way more expensive than just going into Lowes
SINGLES on their debt free journey can join us on face book at Budget Buddies, - singles living a debt free journey
First we listened and learned from Larry Burkett, then some Ron Blue, now it’s Dave Ramsey.
For retirement. We took you class can’t remember what you said
What are the best investments for retirement
Dave Ramsey
Dave Ramsey15 hours ago

DO NOT GIVE UP.

Freedom is worth it!!!

No more feeling von Trapped
My husband and I just completed baby step 6! 🙌🏼🙌🏼 It still hasn’t sunk in yet!
Paid off my 30 year mortgage in 15 years last week.
I have not had a mortgage in 5 years!!!! Selling my house and Getting ready to buy another house for retirement. No mortgage on the new one
I'm free from debt!! It feels Super!! No credit cards 😅 My home is paid off. No load on my shoulders. God did this!!! He's my helper, He's watching out for me.
Getting closer by the month..We bought this beauty on a 15 year 2.625% interest rate. We pay extra towards the principal every month with pay off goal of July 2020.
You never own your home anyway. Stop paying the taxes and see what happens. Per Dave “100% of foreclosures occur on homes with a mortgage”..... I’ve also seen HOAs foreclose on properties before. I figured it up and even if my mortgage was paid in full, I would still be paying 400 a month in taxes/insurance. It’s not bad to pay off your mortgage certainly, but it doesn’t necessarily mean you are “stupid” or “dumb” or “playing with fire” or other hyperbole if you don’t eat pinto beans and work dominoes to pay off your mortgage a few years early.
Bought our fixer upper with cash after my husband got home from deployment. We were both 26 years old. Not the nicest house on the planet but its a 3/1, central heat/air and has a good roof over our heads, thats all we really need. Best decision of our life.
I noticed the morning after we'd paid off the house that the place looked and felt different. Craziest feeling, but I absolutely loved it.
My husband and I just completed baby step 6! It still hasn’t sunk in yet as I still stick to a very tight budget and now what we would have paid for the monthly mortgage goes back into savings. Yes we still have HOA and property taxes but the main debt is gone, gone, gone! Living in Hawaii is very expensive so paying off our mortgage is like climbing up Diamond Head...we finally reached the top. Tired but we made it. Whew!
3 paid off cars is a good start. Dad always told me "Any car thats paid off and running is worth keeping and fixing." The accord had a $240 payment, im saving $2,700 every year. I can use that same money to repair and customize them all.
My wife and I bought and paid off our first house in 7 yrs, with God's help our second house will be paid off in 5 months. We use them both as rentals. NO we are not big time $$$ makers I am a photographer and my wife works part time at our church. We both live below our means, save for rainy days, use cash most the time and pay off our credit card monthly No debt = FREEEEEEEEEEEDOM !!!
One of my sons did Ramsey's program.They had school debts and others.They no longer have debts ,purchased a home and are able to rent their town house out.We are so proud.Persistance pays off.
6 more months my house will be pay off. No car payment no house and the best thing no student loan payment I can’t wait until December.
I am in the “2 steps back” of what seems to be a “3 steps forward, 2 steps back” dance! Luckily we had our $1000 emergency fund! Replenishing that and then back to the snowball! My brother has been debt free since October 2017! ~just keep swimming, just keep swimming~
Dave, that is true the only problem we had was our family said "So what, big deal." I guess they were bitten by the debt bug and believe to be a success you must live in DEBT
Then realize that you still have to pay the equivalent in rent when you live in NY, in taxes and freedom is an illusion.
My next payment will be my last! On my husband's birthday, our 15 year mortgage paid off in exactly 10 years! Woooooot! 🎂
Jesus has freed me from sin, but as I'm disabled and covered in more debt than I even know I'm pretty sure I can hang up the whole debt free thing. Nice dream though. Just glad they don't have debtors prison here. Lol Doing good work though Dave
I did this last night. I bought Total money makeover in October 2017 and was able to finally say or should I say scream I’M DEBT FREE!!! I’m still in shock! I’m 32 and have a lot to look forward to. Now onto step 7!
We are sooooo close now I just want to write a check and call it PAID! Wife loves having a fat checking/savings account. So I guess technically we are debt free.
On track to pay off 30 year mortgage in less than 11 years...only 50 more months to go.
We’ve been trying to do step one for a few years now...and, we just watched the Sound of Music yesterday 😉
Unless you have dogs.....not walking barefoot in my backyard, but I do love being Debt Free!
It’s easy for Dave Ramsey to be debt free when everyone is buying his product/ educational materials