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 Ramsey14 hours ago

Most Americans live paycheck to paycheck, so emotions are running high.

Take a deep breath.

Here's everything you need to know.

Government worker. Not getting a paycheck. Have 6 month emergency fund like I learned in Financial Peace University. Not stressed!
Our government needs to get on the Dave Ramsey debt free plan.
To all of you going on about having a back up fund, I am in Houston, many of the people impacted by this used up their emergency fund dealing with the aftermath of hurricane Harvey. I know people who are just now getting back into their homes 1.5 years later. have a little compassion, one day it will be you in a a bad situation and the last thing you will want to hear is that you should have known, or you should have been prepared.
My husband and I started our baby steps during the shut down! We are working our side hustle and selling everything but the kids! All credit cards are SHREDDED!! We are doing this!
Hey folks ... Please remember that especially on this site people should be understanding that we're not all in the same financial spot... And if you are here them most likely YOU were in a bad financial spot at one time too or still are.... And many if you don't realize that there are many Federal employees who CANNOT work outside employment.... And those that can many times need permission or have a limit on how much they can make.... Jason Altenbaugh that might be something you weren't aware of.....
I believe it's so unsympathetic to say well at least they are getting back pay. That back pay doesn't matter when you have bills to pay right now. Especially as this man is digging in his heels and saying we, yes I'm a federal employee, could be out for months. I'm grateful to have secondary income so I'm not as bad off as others. We don't know why they don't have savings but guess what, before Dave Ramsey, we were in their shoes.
Let me get this straight, in recent history your employer shuts down at least a couple times each presidency. You knew this was coming, why weren't you ready?
Those in a sound financial position, please give to local food banks and other organizations that are offering support.
Federal employees are prohibited from seeking outside employment without permission from their employing agency. It’s considered a conflict of interest. ...and federal employees are about to go without their second paycheck so this advice is a little tardy for most. Even if you have an emergency fund it sucks watching your hard earned savings dwindle and not being able to make plans for the future.
This has been a wake-up call for me, i didnt realize how unprepared my family was until the money wasnt there anymore. We havev already started our baby step 2 from Dave Ramsey lessons.
Coast Guard family here and we’re not stressed. Thanks Dave Ramsey for outlining the path to freedom for us!
“It’s important to remember that everyone will receive back pay when the government reopens.” This is not true. Many contractors will not receive back pay. My dream is that everyone would have a fully funded emergency fund, but that’s not a reality.
Thanks Dave, following your program has made this shutdown bearable, even for this one income household.
Buy an extra can of soup a week and set it aside. And have a little extra in ingredients around to have food for these situations. Rotate it, and consume it so you don't try to make bread with 15 year old flour. It's not hoarding, it's being prepared, just a little at a time.
Listening to people I work with who are government workers it is sad to hear how they have no savings. But goes to prove there are really no guaranteed jobs. After farming full time for 12 years and now working in a full time job my wife and I now have 6 months in savings in case I lose my job. Let's hope the public sector workers start to put money in savings after this fiasco is over.
Thank you Dave. As an active duty CG member I’ve been using your plan. This shutdown slows us down (we are both active CG) but having been making higher than the minimum payments on our Jeep made it easy for our bank to push our January payment by a month. All thanks to your system. So again, thank you!
In times like this, imagine the impact Americans could have if we kept emergency funds RATHER than debt. We could say, NP have a nice winter break. 😉
If they aren't following the Dave Ramsey way they are, Very sad! But If you look,they still have the latest IPhone and new car.
I work in social services. Had 3 federal workers come in and apply for SNAP. Even though they're still working, they're unpaid, so they qualify. Most of them are understandably not happy about going from $5k/mo to food stamps, but it's something....
I’m a Coast Guard retiree and looking at not getting my retiree paycheck in Feb. Thanks to FPU we’re in good shape and will make it through this ok. Thanks to FPU we’re in good enough shape where we can donate to our local base food pantry to help those not so fortunate. FPU was taught for years while I was in the USCG which is where I became a follower. For some reason it’s not taught there anymore. Huge loss, I hope they bring it back. Changed our lives...best thing we ever did.
My husband is a government employee, no paycheck right now. We didn't have our emergency fund because it was used already. We are paying only the necessities with my paycheck.... everything else will have to wait. We do have a small side hustle, and blessed with love and care from our church family, family, and friends. We're hanging in there. Like them or not, please pray continually for the leaders of this country and pray for the shutdown end asap.
Lost my job 2 weeks ago and still haven’t found one. If it weren’t for my emergency fund, I’d be a basket case!!
Civil Servant and took FPU many years ago. Our emergency fund is in place, and we also are not stressed. Thanks, Dave, for everything you have taught us.
Coast Guard family of 6 🇺🇸 (our only income) Fully funded emergency fund = no stress and the ability to help others❤️ Thank you, Mr. Ramsey!
This is why no one should rely on the government for income. If there’s no food in the fridge, cut the cable, stop paying high celll phone bills, sell some stuff.
Dave Ramsey
Dave Ramsey shared Chris Hogan's post.1 day ago
Jesse Sanchez
Excellent..!! :-)
Jose Rodriguez
Jd Horvath Alexis Horvath read!
Tyler Brodersen
Dave Ramsey
Dave Ramsey shared a group.2 days ago

Need some extra inspiration on your debt-free journey?

Look no further!

What's baby step number one ?
I am on baby step 6, I am so excited. This program works and makes me feel so proud.
Cassidy Race
Janice Postel
Kyle Isom
Christina
Elizabeth Lord
Sarah Sigler
Matt Hyland
Nikki Lynn
RJ Swain
Thank you
Dave Ramsey
Dave Ramsey2 days ago

So fun. Make plans to watch Rachel Cruze and Dr. Les Parrott's Money & Marriage livestream!

Kristin Dunning Pearson for Maddy!
What if you want to tune in but can’t because you’re working?
Jessica Weeks Ellis
F
Looking forward to this, just got married 3 months ago. All our finances are combined and we both have the same goals of living like weird people.
Awesome!
Lucas Ebersole
Pam Hunter
Kelly Holler
Mili De Parra Jorge Alberto Parra Avella
Oscar
Tim Johnson
💕 This will be our date night with some Rigatony's take out & a bottle of wine 🍷
Jeff Penland whoo hoo! Now we have Valentines plans!
Tracy Turner
Josh Bruce
Date Night?? Jeremy Monaco
Simn Deanova
Lukas McKeever date night?
Christopher Dawley
Can I come too lol
Jesse Sanchez
Jackie Fox
Might there be a discount? 😍🙏 Wish we could attend!
F
Dave Ramsey
Dave Ramsey shared Rachel Cruze's photo.2 days ago

EXACTLY.

So true.......Love the Ramsey way.....Life changing!
Absolutely. Tired of living in the past. Got the Total Money Makeover and workbook and the deluxe wallet and will be starting ASAP. Also committed to learning how to do more things myself instead of paying someone else (like hemming my pants and making repairs to my truck).
True better live with little or no debt at all
That's for darn sure!
Couldn't agree more!
Amen Rachel!
Nicholas Mann
Truth!
Sush Go Osorio Alds Dominic Gencianos