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 Ramsey3 hours ago

Let’s face it. Mortgages can be complicated.

Here's what you need to know...

Carmen Pinkard Buying with no debt and no credit score does that mean a higher interest rate compared to if you had minimal debt and a credit score?
Roger W. Mateer Point #5 How much can you afford? I recommend you base your payments on 67% of your salary, and never include overtime as it is never guaranteed, so that If you end up disabled you wont lose your home. I also recommend that you sign up for LTD with your employer or an individual policy as soon as you can, once again it's cheap insurance so you don't lose your house if you become disabled. Make sure that your spouse gets insurance too. By doing this I made a lot of people mad because they were betting that my family would be homeless within 6 months of going out on disability. That was 10 years ago. I'm happy to say not only did we not become homeless, but, we also paid off our mortgage 18 years early.
Beth Stone I know I've said this before. But, buying a house was the easiest thing we have ever done. But, I did my homework.
Carlos Guerrero Im Still trying to find that mortgage for 25% of my pay in Southern California!!
Lauren L R Mahoney Starting this process in January!!! So exciting, and nerve wrecking!
Victor Dobro How long should you plan on staying in a house in order to not lose money in a pre-planned move?
Chris Robling I missed out on how to buy a car post. This one I'll keep for future reference
Stacy Guthrie Not complicated when you don't have one...thank you Ex!😉
Juanita Cruze BOTTOM LINE... Pay your own mortgage or someone else’s you decide!
Kris Heintz-Byrd Sam Byrd, check this out
Hector Vgs Mtz Mdz Marlene pa que te des una idea.
Stephanie Smith Rockwell Chance
Mandie Marie Mark Anthony Sr.
Kelli Chastain Caleb Chastain
Karen Piedrahita Orr Kevin Orr
Beth Nicole Shayne Vaughan
Jeff Mace Julie Coert
Jennifer Garcia Marco Valencia
Sherry Rogers Rampey Brittany Rogers
Kayleigh Shafer Shayla Coleman
Christina Marie Johnson Jennifer L. Johnson
Brett Vann Bailey Brooke Harris
Mark Wyatt Jr. Ryan Martin
Heather Hartung Nick Eaton
Holly Jaillet-Ryan Meg Tracy
Dave Ramsey
Dave Ramsey6 hours ago

Dave for president?!

If we've heard it once, we've heard it a thousand times. A lot of people have asked if Dave would consider running for president, so here it is...

Dave's ANSWER: https://goo.gl/5gMH1E

Matt Owen We'd all be living on beans and rice for a very long time... until we get this mess cleaned up.
Heather Hill Maybe not president, but chief financial adviser, for sure! Someone needs to teach those guys how to get out of debt!
Aaron Pulford Dave would have a very hard time as President; anyone who is rational and sane; would almost lose their composure everyday in DC; there is no logic, very little planning, sometimes only a room of screaming kids who need a good spanking LOL
John Juhasz If we could pull off a Mike Rowe/Dave Ramsey ticket I’d support repeal of the 22nd amendment
Brandon W. Andrews I'd vote for Dave! In a heartbeat. Then again people in Washington can't stand adults. So Dave would have an uphill battle every minute
John Hnat "And Chris Brown and Rachel Cruze will be our guest Presidents next hour ..." Yeah, probably for the best that he stay away. 😉
Ian Yeoh OMG. He’ll shut down the Treasury bond market and make anyone on the social welfare dole eat rice and beans. He’ll get rid of all new car dealerships and shut down all credit card companies. Lol.
Jon Pulsipher Elected office is for insecure people who crave power and need to their ego stroked. That's why we get the ones we get. And this is not a new phenomenon.
Josh Cooper Congressmen/women would have an EveryDollar mandate... Used car sales would go up 👍 The national deficit would completely reverse👍 (Do it Dave... do it for America!) 🇺🇸👍🇺🇸👍🇺🇸
Kyle Hipp Dave thinks that the federal government should be run like a household or business and since that is not true, he would not make a great president. We need someone who understands the operational realities of our monetary system.
Daniel Brannaka you'd be surprised your following. for paycut: it isn't suppose to be about the money or the power, but about serving our country; forever changing the course of our history.
John Francis Duff II Curious to hear people's opinions on BRRRR investing. Just recently heard about it and although it sounds good in the long run it also, to me, sounds like a dangerous money pit. Any thoughts?
Aaron Cary Dave Ramsey we need us country to balance the budget and pay off 21trillion dollars...we need a huge snowflakes...opps I mean snowball to pay off 21trillion dollars in debt...lol😂😂😂
Kelly Jayne Not a chance he’d get in sadly because he could do amazing things but the people have been brainwashed for far too long
Jennifer Gregory I'd vote for Dave. But he has more Power to help people now. Presidency would tie his hands.
Mike Davidson "Why would you wish that big of a pay cut on me?" Most Dave answer ever.
Randy Dinwiddie Dave is a lot of positive things but he is not tolerant enough to be president
Brad Peirson They'd try to rip him apart even more than Trump.
Scott Hellstrom I know he wouldn't, but if I was President I would bring him in to work on the budget.
Timothy Busby he's too NOT CRAZY to want to be president
Dawn Dugas Theriot Would certainly have MY vote!!! Can he run now? PLEASE??!?!?! Lol
Gary Boyer I feel for Trump gets attacked at every turn . Dave gets upset over trolls tweets against him. Dave would lose his cool
Gary Boyer I vote for Dave to be secretary of treasury
Alan L Waters Ya they hate him foe doing all the right things and sometimes saying the wrong thing
Malachi Meahl I believe Ben Carson is bald, he ran for president.
Dave Ramsey
Dave Ramsey was live.9 hours ago

Dave is LIVE now taking your calls about your life and your money! Don't miss a minute.

Dave Ramsey
Tara Hettler Thank you Dave for everything you have taught me :) As a single mother, this has totally changed my life and my daughter's life!!! I will be debt free next week!!! (besides the house) :)
Nancy Benson Lawrence I don't know how many "Debt Free Screams" I've heard, but every one brings tears to my eyes. Well done, beautiful family!
MarcoBarzallo SanySola Hi Dave! Thanks to the Lord and your show, WE ARE DEBT FREEEEEEEEEEE! 😃😃 Now we have $40,000 cash, we are over 55, without house o Retirement. What to do? Invest in a business, house or Retirement?
Brian Vincent Anthony I was laid off from work back in June. When I go to convert my Schwab 401k into a Roth, should I do that with Schwab, or would I be wiser to do a direct transfer using a different services?
Jeanna Aliff They just did a story on a guy that was a doctor and went broke cause he lost his practice, then got a new job and everything worked out! DUHHHHH you're a doctor and make a ton of money!? Lol
Tammie LaShawn Henderson I pay 20% into my 401k to contribute the IRS limit. I also do after-tax savings but no great return. My goal is to pay off my mortgage. Should I reduce my 401k contribution to do so?
Lena Kiel Diana- way to go! I would cut your retirement back to the recommended 15% while saving for a house. After you buy in cash you can put more in.
G.W. Micah Garland I missed part of the dental insurance question... does Dave recommend NOT purchasing dental insurance and instead setting aside cash to pay for dental costs? "Self insure"?
Ashley Elliott Question for anyone who may know...when is rental property for an addt'l "income" acceptable to pursue? After debt is paid or can it be before to help pay down debt?
Ann Hackett Torgler I have 60K in parent plus. I keep hearing advertising how I can reduce the principal or interest rate. Are any of them legit or just reducing by lengthening term?
Kelly Drew Levinson I don't really know but I listen to biggerpockets on YouTube and they have a website that you could ask the questions you have on that subject. Check them out.
Shane Deborah Galloway Gaston I give up. No one answering the open phones. I am a huge DR supporter and wanted to ask a question but if guess it will not happen today.
Elizabeth Massey I had a hubby that wiped me out financially and I’m 69. I take care of our special son and work part-time. How does one recover from something like this?
Lena Kiel You have to look for them. There will be different funds depending which company you use. We have some that are 11% and some that are 18%
Zack Hurst I would keep trying to call... at first mine kept ringing, but then I was able to get through. Now i'm in cue. It took calling 5-6 times.
Denise Sanford Janet- yes, no cable for me. Just local. Haven't had it for years and don't miss it or the payment. Such a waste of money.
Hayley Jorstad I went to a ELP yesterday to transfer a old retirement account to mutual funds and the ELP recommended variable annuities, why?
Tammie LaShawn Henderson Thanks Lena! I make an extra principle payment monthly but want to pay off this mortgage - my only debt. I'm trying!!!
Sridevi Rao is it a good time to sell the property in Bay area ? it is seller's market but scared to sell because it might go up next year . if we sell , the rental is so high . confused ?
Sharita Williams Anthony J DAteno only if you are on the edge of foreclosure because they tax your money if you take it out early
John-Paul Maltes Dahleen, I use the Compound Interest Calculator at http://www.moneychimp.com/calculator/compound_interest_calculator.htm
Sonya Alexander Keith I wish we would have known that. We worked to increase our score. Rather than to get rid of it.
Cindy Hansen I agree. Use your emergency fund as this is an emergency. This type of situation can cause serious damage to your home as well as your health. There's a difference in spending just to spend and a true need.
Joel Thompson My fiancé's ex is planning to go bankrupt to avoid paying for foreclosures on 17 properties he was given in the divorce decree. Problem is, both their names are on the deeds. How do we get her out of his mess?
Diana Gould Hi Dave! My husband both work. We live on his payroll and save mine. I put 20% in a 401K. We plan to pay cash for a house. Are we doing right? Our only bills are utilities and phone bill. Current home is paid for.
Dave Ramsey
Dave Ramsey12 hours ago

Take it in stride... it's a sign you're going in the right direction!
Later they'll probably want your advice on how you did it.

Dave Ramsey
Dawn Martin I don't get made fun of, but I do get told "live your life now", "Don't worry about your student loans, they'll always be there"... UH YEAH.. NO!!!!!! Gettin' those SOBs G O N E!!!!!!!!!!!!!!!!!!!!
Gabriela Chavez Gallegos Made fun of I don't know but I am constantly being told, "oh I know you have money" when I say "no thank you". It's actually empowering now to say "NO" and not feel guilty.
Maranda Ortego Truth ! People like to joke about how you can afford something and wonder why you don't have it. Its a choice you make. Wealth doesn't equal stuff.. We having fun n livin' life stress free. Only way to be
Patrick Sherwood My mom told me " you'll always have debt and a car payment ". My Dad ( they're divorced ) told me " pay cash for everything you can. If the engine goes out in your car have another put in ". My Dad is a multimillionaire now.
Patrick Sherwood My wife and I are living in a paid for 2001 camper because we're tired of debt. Been a year now and we've paid off 7 credit cards, have $2000 in savings another $1000 as a buffer in checking. Earlier this year we actually had enough for a short trip to Disney world of which we paid cash. Last year were barely able to pay the bills and had $100 to our names. At one point we had 49 cents in savings. Debt truly sucks.
Gary Meador As Andy Andrews said when people told him that what he was doing wasn't normal: "I must be on to something."
Mandy Ruiz People make fun of my husband’s car and my money clips all the time. We are debt free and I know we are on the right track when people make fun of us. FPU changed our life and Dave has been a huge blessing. Thank you 🙏😀!
Tom Beaton Not everyone who criticizes you is jealous of you, but its an uncomfortable truth that a lot people you're close to want you to be on the same level as them.
Sherri ONeal Having a dilemma. I know Dave is not for credit card debt but our house just got issued a bill for a $14,000 septic re-do. I do not have any money saved. How am I going to pay for this if I don't put it on a credit card? BTW, this is something that cannot wait much longer as the tank fills with daily use of the shower and laundry for a family of four in the house and when the tank fills, it backs up in my basement. So, I can't run with any sort of answer of "work to save up the money."
Michael Hackney My local church never header of FPU, but would like to attend a church that hosts the program. Any recommendations of churches in Brooklyn, NY. Would like guidance with my finances.
Miriam Van Scott People who say "you'll always have a car payment and other debt" always WILL --- don't be one of them!
Brian Davis That’s right. People always watching your success! Key is commit to your own success the right people will be your own team who cares about haters their jealous
Holly Wolf I think people are uncomfortable that we choose to live debt free.
Lori Stoffers Ironic as I’m trying to limp 2 older cars along and had to buy a battery! 🙄 Paid cash though!
Richard Becraft Don't share your personal business with the world and it won't matter what any one else thinks.
Sean Patrick Flanagan What is your take on using Credit Cards for air miles but always paying them off before the end of the month?
Patty Braagothammn I love when my friends say why are you always broke because we don't go out .
Ann Mint When we told our family we were debt free, they said yea, big deal
Vonni Talamantes People are judging me because I don't buy nicer things and they feel I could afford it.
Frank Harvey props to the gif person for including the entire quote in the gif
Phaedra Codinha Thanks Dave! Glad, I'm in great company!
Ian Yeoh 😂
Jed Lawrence That TN helmet is embarrassing Dave Ramsey
Mark Reagan I like it Dave
Eboni Clark LoL
Dave Ramsey
Dave Ramsey1 day ago

You get to choose what you listen to. Thanks for choosing The Dave Ramsey Show!

What station do you listen on? Not sure? Use our station finder: http://bit.ly/RamseyShowStationFinder

Dave Ramsey
Holly Ferguson My 20 year old grandson loves Dave. Austin is debt free, drives a beater truck. Has 10,000 already in retirement account. Reads Dave's book over and over. Has an emergency fund and I can't imagine how much is has in his savings account !!! Thank you Dave !!!
Tracie Riester My hub and I went thru FPU, once we were at a furniture store looking at couches then went over to flooring (still not debt free) and over the PA system Dave's theme song came on! And we took it as God telling us to get out of there! Him knowing if we heard that song we would understand. We left. We had been looking at flooring and furniture, would have been expensive! I lost my job a few months later to it closing, thankful we didn't buy that purchase! <3
Sharon Full Sarah Elizabeth 💜 🤓. "Live like no one else today, so that you can live like no one else tomorrow." You have so many opportunities in your twenties that lessen as you get older. Spend wisely my love 😍...🐦
Patti Coffee Fox Too bad you aren't on a station in Lubbock, TX. We are kinda flat out here and signals don't travel real well. But I listen to 550 AM, as long as I'm NOT close to a lot of electrical lines.
Tim Stumbo Thanks Dave for letting me have the opportunity to listen to I am almost debt free after I got my back broke at work with compensation I was able to pay off everything but about twenty thousand but know I have disability I could be out of debt but don’t want to loose my nest egg right know what should I do and I can’t get my wife on board any suggestions and thanks for what you do
Brenda Gerber I listen on your app and LOVE IT! My co-workers and husband poke fun at me for listening 24/7. I'm just getting motivated to stick to our budget! The debt free screams are so inspiring.
Mike Castleberry 1240 am in zanesville . dave i would like to hear more stuff about retiring and taxes i may have to pay . also annuities most of these talk shows say they are bad . i think it would would be good to have a end of life annuity unless they rip you off like they say on other talk shows.
Brandon Bunch Love your show as a loyal blind listener! I listen to you in College Station, Texas on Christian family radio 1510 AM KAGC!
Sarah Hutzel That was a great rendition of that song! Great video, great voice and playing guitar! I liked the old F-150 too!
Christine Lickert I watch live via Facebook. I think I find him two days a week (?). Thursdays and Fridays if I'm correct.
Ross Grahmann That's a sweet older F150. I hope that truck really does belong to George or one of the crew.
JC Alvarado Fun song! Good job, good voice! We listen to him on Youtube and Facebook!
Jim Smyer I listened all right, and became dept free. Thank you Lord and Dave.
Suzy Johnson Podcast because the AM radio station it's on here in Seattle has terrible reception
Sissie May listen to the pod cast. Also listen to it on youtube.
Cindy Kelley BOTT Radio Network app, based out of Kansas City
Brad Peirson I don't have a local, so it's either iheart or the podcast.
Kathy Hayman Love this!!! And Dave Ramsey 💙💛 I listen everyday, all afternoon, inDetroit on FB live!
Justin Sullivan also available on SXM or iHeartRadio
Chelsea Forgeron Podcast! My husband Kyle and i listen everyday on our way to work!
Terri Davison I listen via podcast every day.
Elizabeth Wiesemann Iheartradio has been promoting some very controversial viewpoints on their facebook page.
Regina Tess Stay away from Wells Fargo. They will mislead you. Poison!
Michelle Ourso Wiggins 107.3 fm Louisiana...love your show
Nikki Sherman Podcast but out of Graham Washington!