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 with EveryDollar.11 hours ago

Small but powerful changes--with big benefits!

Antoine Allen Sr. I'm on baby step 2, making good progress, looking forward to getting out of debt. But also always looking for ways to increase my income every single year. Trying to make that 1st mill... hopefully sooner that later but patient...🏃🐆🐆🐆🐆🐆
Scott Valentine Saving money is great but I think most people need to focus on increasing their earnings. If you can maintain your current spending level and increase your earnings 30-100% you are truly on your way to accumulating wealth. :)
Jacky Jordan Had $120 at Christmas from throwing change into the piggy banks. Found a bank that would actually take it. Bought the Christmas tree and Christmas dinner.
LonnieandJessica McKitrick We canceled our one and only credit card with a zero balance and the credit card company tried to talk us into keeping it and I told my husband you should have said because Dave Ramsey told us to lol
Judy Fugett-Gaines My Mother in law, who was an R.N. use to put $2.00 in her dresser drawer every payday....so when one of her newlywed kids, lol might need some money she'd have cash ready....it was a,axing how much cash she accumulated! Those days I could buy a lot of groceries for $12.00..we were married in '69.
Alyssa Thompson Stay dates? Lol, I have no dates- even better for keeping the money in the pocket!
Lori Koperek Love all the advice.I already got rid of credit cards and paying them off.I am almost there!
Chris Baker Make some changes save enough to avoid bank fees Benjamin Ledesma here are some easy ways to save.
Dian Williams Love Amazon and haven't had satellite t.v. for a long time-don't miss it.
Drew Koerick My wife and I (before we found Dave) took a vacation with mour change with 2 sons. For 2 years I pit every pennie nickel dime and quarter in a jar from my leftover gas change. Was a real nice vacation. ....for us.
Pamela Salinas
Jo-Ann MacNeill Doing all these already
Victor Velasquez Sonic usually has happy hour after 8PM half price desserts! 👍🏼
Barry Allen Put it on your credit card!!....lol
Sherry Beasley Good tips.
Gina Santillan Hello
Nancy Trabue O'Donnell *
Javier N Liz Garcia @ Jonathan Garcia
Keely Roznowski Nicole Betterly Karlye Betterly
Cameron Holmes Katie McDaniel
Chad Hughes Renee Hughes
Raymond Fong Tina Fong
Karen Huval Heidi Rainey
Alek Sullivan Anne-Marie Weidner
Gabriel Rojo Andromeda Rojo
Dave Ramsey
Dave Ramsey14 hours ago

Because the late-filing penalty can be 10 times more than the late-payment penalty.

Ben Kucenski Pay as much as you can on the actual due date and then you'll start getting monthly bills as you work off the remaining balance. https://www.irs.gov/uac/extensions-and-payment-options Additional time to pay - You may request a short additional time to pay your tax in full using the Online Payment Agreement application on www.irs.gov. Taxpayers who request and are granted an additional 120 days to pay the tax in full generally will pay less in penalties and interest than if the debt were repaid through an installment agreement over a greater period of time. There is no fee for this short extension of time to pay.
Lo Lanickell I will file as early as possible going forward and suggest others doing the same. My Fed return was filed by an identity thief. Same thing happened to my coworker. Apparently extremely common and credit monitoring services don't typically detect. If you e-file as early as possible, you will have a chance to put a halt to the fraudulent return going to an unnamed person with a Green Dot prepaid Visa card.
Jen McNeely If you have an income below 54,000, you can have your taxes done in person for free with the VITA program. With an irs certified volunteer. The VITA rejection rate is Lower across the board than a typical preparer with less mistakes. And its FREE!
Martha Stone Ed Stone
Kyle Loftis Dixie Bryant
Lisa Weyers Read Sylvia McCowan
Caleb Schmicker Maureen Knaus
Dave Ramsey
Dave Ramsey was live.17 hours ago

Your most powerful wealth building tool is your income. Don't surrender it it to debt. Debt is the acid that eats your wealth. Learn what you need to build wealth today http://bit.ly/2nrDtgS

Dave Ramsey Get tickets to Christy Wright's Business Boutique events and buy her new book https://www.businessboutique.com/?ectid=10.26.10877
Tammi Johnson Hi Dave, we listen to your radio show in Cincinnati. Your words have been inspiring and yet difficult to hear at times. We are making the baby steps to a better future. Thank you for your words.
Missy Becker My daughter has about 1000$ in EE savings bonds ( face value). She is going to be a senior in college. Should she cash these out to help pay for her last semester in college?
Tiffany Necole Stallworth Bobbie I would just stay in the house that is paid for and save the money that you pay in rent. Yes your gas bill will be higher but you don't have to worry about a house payment.
Ashley Beth by November we will be debt free other than a lease (stupid, we know) and our home.....do we look at a buy out or ride out the lease and save money for a cash purchase on a car at the end of our lease?
Frank Baker Bobbie Pizzo I would not rent and move back into the house I own. Your gonna spend less on gas then on rent. Good luck to you.
Sergio Cuevas If you were listening to the radio you would get commercials too, these are just different. More ways for them to get money.
Bobbie Pizzo We have a house we own in a small town 60 miles from my job. We are renting a home 20 miles from my job we are in financial trouble. Should we move back to the home we own and drive back and forth to work?
Zelan Banks Hi Dave, when do you think a family can afford private school K thru 8th grade? We will have no debt except for a mortgage.
Rose Bishop Ashley you can call your dealer and ask for your option. But most likely they will want you to pay the rest of the contact to get out. 😕 since our lease will be done in Dec. this year we are saving to buy it out.
Trevor Davison Heidi - yes dave says $1000. However if you want to bump it up slightly for comfort then that's okay too. Just don't go crazy on your efund until after baby step 2
Lena Kiel Ask the bank for sure. I'm almost positive that when we cashed ours out we just had to claim the interest earned at tax time.
Tam N Lou Dagne So glad to be debt free. Thank you for your good guidance.
Cheryl Carroll Missy, no she wouldn't. Also you said the face value of the bonds was $1000 depending on when the bonds were bought and the interest rate they may.
Trevor Davison I'm in fpu now. I would say yes and no. Its more so a group setting. Gives you motivation if that's something you may lack. Lets you see your not alone and other ppl in your community are going through the same thing
Jesse Good Became DEBT FREE last month!! Thanks for your teaching
Sheena Clark Working on becoming debt free..... paid off all student loans and credit cards....
Debby Hilliard Thank you ! that helps a great deal. Oh, and just for fun - we are debt free, including the house !
Lara Shore Dierker Yes Brienne but it's also highly motivational and puts you in a group of people with the same goal
Suzy Hernandez I want to start paying off my son's student loans. Where do i begin? He's a junior.
Missy Becker Cheryl. I've checked them on line and some are face value or more. Some are less.
Rosalind Ratcliff This is why I love your show! Straight and to the point!
Grace Abounds Hey Dave . what information can you give on a father of behind on childsupport, have on my income goes to cildsupport...also im homeless
Lara Shore Dierker Kathryn that's great! I give little amounts when I can.
Leslie Ruehmann Webster Heidi- first save $1,000 its your baby emergency fund. Then pay off your car and any other debt you have.
Dave Ramsey
Dave Ramsey20 hours ago

It’s not if the rain will come, but when. #DaveDaily

Ben Rigel This is so true! My $1000 emergency fund just saved me when my car critically broke down last week! Paying in cash got me a huge discount too. Now I'm working on building back up my fund. Thank you Dave Ramsey!
Amanda Williams Having an emergency fund makes an emergency go from "Oh my gosh what do we do..PANIC!" to "Well that stinks, but at least we can pay for it." Having that money changes everything!
Nadine John Isabell Our 16 year old son did the Dave Ramsey homeschool curriculum. Yesterday he told me he has his $1000 emergency fund done. He's only been working part-time for 9 months.
Tish Hill Our 6 month emergency fund was critical in a family emergency. My dad was on a vacation overseas and had a heart attack. I had to fly to Japan and pay his entire bill in order to get him back to the states for surgery. It completely wiped out our 6-month emergency fund, but dad is still alive and kicking! :) His insurance reimbursed me 90 days later (minus his deductible), thank goodness.
Janna Spain For us, it was literally when the rain came! My husband and I weren't even really doing Dave Ramsey's program yet (though we were just starting the envelope system), but we did already have our emergency fund fully funded to our goal (6 months of bills/rent). Then, the Memorial Day 2015 floods came in Houston, and both of our cars were flooded out. We were so thankful to have that emergency fund fully funded. It made buying a car a little easier on our pockets! It was our literal rainy day fund. It's definitely insurance!
Theresa McClure After 2yrs of struggling while my Husband went from temp job to temp job trying to help us make ends meet and we wiped out the emergency fund. So thankful to God that today i was able to put $400 towards starting that fund all over again! And i'll be able to do that every month until we get it back to where it needs to be.
Matthew DeJesus I had an interesting cinario, my business was going down due to the demand in the technology. To me that is an emergency. I used my E fund to invest into my company, and so far after one month we trippled our numbers from the previous month. Now its time to keep working hard to replenish the 6 months of expenses. This is the second time in our lives that following Daves plan has kept us in business and not out on the street. Thank you Dave and the FPU team and my cousin Mia Higgins.
Bailey Jewel Schurr If you have your house paid off and 3-6 month of expenses saved should you still have comp and collision on you car and home owners insurance? Or should you put the premiums you would be paying in on top of emergency fund?
Kasey Warhurst And it comes in handy. We actually try to keep it above 1000 and we try to have enough to cover a months worth of bills just in case. Once it's at that level it's easy to maintain for now. We are now on step 2 that beautiful snowball!
Amber Weeks Angel Nash this is what I overheard your dad telling you the other day 😉. A life lesson that's gotten me a few times. And check your oil in your car lol!
Destiny Huber Hornstein We had our 6 month EF fully funded when our well....dried up...while it certainly SUCKED to write that $11,000 check it was nice to know we had it and it wasn't a stress. I remember thinking "what would someone do if they didn't have this?" Thank you Dave Ramsey
Chris Baker Actually you are wrong your emergeny fund is an investment you save $8 a month in bank fees that is $96 a year. Plus it saves you over draft fees of $35 each. Saving enough to avoid bank fees a $1000 or $2000 can save you $5,000 to $10,000 over the next 50 years.
Mysti Williams My husband and I feel so much less stress since we got our $1,000 emergency fund established. It also feels amazing to have a plan and know where our money goes instead of wondering where it went.
Holly Wolf It is the BEST insurance against unexpected expenses that throw your budget and goals off target. This is the best way to stay on track--don't let unexpected expenses derail you.
Danni Hellm Salbert Since listening to Dave for the last year and a half, my emergency fund has saved us at least 6 times from having to borrow for emergencies, between my car trouble and vet bills. Thank God for Financial Peace!
Wendy Veronica Guitian We just had to use our emergency fund and unfortunately our tax return to get a new vehicle because my husband was in a car accident which totalled our only vehicle! Blessing in disguise, now our car is almost paid off and we paid for the replacement in cash! Now we just have to build our fund back up before the next emergency! 😂 Thanks Dave Ramsey!
Nancy Scofield And it just came in very handy yesterday. So glad I had that to help my sister in an emergency. Now to rebuild it.
Jeffrey Smith This little bit of insurance has save me credit card debt more than once!! So thankful
Courtney Gambini Just had to dip into ours for a plumbing issue, saved $25 by paying cash though!
Nick Nighbor When you have a sizable emergency fund it's pretty cool how those emergencies are no longer emergencies.
Christina Barker Mine saved me one time so far. Felt good to be able to pay cash and not freak out about how I was going to cover it.
Doug Thurman I can't get caught up on my bills enough to even consider an emergency fund
Craig Beam My problem is using that money even tho it's an emergency like I've worked really hard to save that koney
Marjorie Diephouse Or when the hail will come!!! Did it, got it, no worries!!
Jamie Beth Dylan Hauer do you do the Dave Ramsey program?
Dave Ramsey
Dave Ramsey22 hours ago

Set them up to win with money!

David Ketzenberger I have a problem paying for chores. Adults don't get paid for chores. They get paid for doing a job. SCHOOL is a kid's job. Pay for grades and EXPECT chores to be done.
Allison Crawford Haha well we skipped a few steps my son already has his own bank account at 10 months old. With that being said he does not get full ownership of it till he 16 so hopefully by then we have taught him well and is money smart
Jasmine Ford Mucker We did the bank account step in the elementary phase instead of teen. Right now it is for deposits only and mom and dad do some matching. Use will evolve over time. Couple of things that kids love: 1) the coin counting machines 2) our bank has a treasure chest where kids can pick a toy with each deposit! Bank statements also arrive in her name and we review them together so she can "see" how her account is growing over time and how interest works better For you than against you.
Kelsie Petersen We give our kids an allowance (we don't call it that, though...) which they divide into 5 categories. They are expected to help out with family things...I will pay for extra over that...but I also charge $1/regular chore if they chose not to do it and I "have" to do it for them. We decided to teach them to manage money, starting small, and then to work because they are part of the family. As they grow, so will their opportunities to earn money at home...and they will already know just what to do with it. I tried paying commissions for awhile, but they were too young, I think, and really not making the connection between the work and the money, especially since we live in a really rural area and they don't get to spend their money very often....it took away the tangible reward of earning the money.
Justin Blanchard I've learned to sell on eBay and Amazon pretty well. So instead of paying my kids for their chores that they do, if they do their chores for the week and their homework they get to give me a $1. I will buy something for them at a yard sale or thrift store that will get a return of about $15-20 on it. But once that item sells they get half the money. The other half goes into their savings account. We haven't had many problems doing chores at all. And I never have to pay them out of my pocket.
Pete Marck My now 5yo daughter has been earning $$ since she could stand on the dishwasher door to hand me the dishes..... I use to give her 35 cents for every chore she could do... hand me the dishes, dump the dog food in the bowl, etc. Now she gets $0.50 - $1 for her chores... brining me the bathroom trash cans when I empty the big trash barrels, putting dishes away, etc. She puts it in her piggy bank and some in her purse, then around her birthday, we take it to the "big bank" and put it into her savings account. Her first year, she banked $65.00! I also take her to the Dollar Store every once in a while and hand her 10 $1.00 (play) bills and tell her she can buy whatever she wants but every time she puts something in the cart, she has to give me a $1 and she has to keep some to pay the tax... well, I say 'pay the democrats'! Now when we go anywhere and she wants something, I ask her if she brought her purse, if she says, 'no', then she doesn't get whatever it is (sometimes I do cave), but for the most part, she makes sure she brings her purse with her when we go somewhere.
Daniel Tyler Williams I personally learned how to handle money as a young person by selling marijuana. But alas, those days are behind me, but I still use what I learned from it everyday in managing my personal finances.
Melanie Blair Johnson Whew!!! I taught my son from an early age. He had his own savings account and he would take the money to the clerk and hand it to her for deposit. He saved lots money then turned 18 and "knows it all" and acts like he hasn't been taught the first thing about saving or finances and managing money. Drives me nuts to say the least! And what's worse is that he can tell everyone else how to do it but he doesn't follow his/my advice. He says he knows what to do he just chooses not too. That's just sad when he lives at home and could have a nice start to his future.
Shona Goodwin I'm struggling to teach my 2 year old about money as we have a thief living with us so I Darent keep money at home. I'm winning though as he saves/spends/gives away already. He can't split it evenly but he puts pounds in his money box, spends his silver coins and his bronze coins he bought a drink for a homeless gentleman a few weeks ago because he looked cold. I do love his outlook on life at such a young age xx
Sangone Jung Dave Ramsey, I have a question for you. For my generation (the millennial generation), what would be the God's mission for us when it comes to finance or for that matter in life?
Nick Nighbor Get your money right first. Then teach your kids. Your example is more powerful than a lecture.
Law of Attraction - Thoughts become things. Don’t start your day with the broken pieces of yesterday. Every day is a fresh start. Each day is a new beginning. Every morning we wake up is the first day of our new life.
Jessica Medina Juan Jessi Fierro good example for us to show our son to save money we should try this
Patricia Sabella You can lead a horse to water, but can't make him drink. I tried????
Christy Huisjen Erickson Sandra Scott Petznick, just saw your post. Maybe this would help?
Randy Zimmerman Wish we would have learned this when our kids were younger.
Ginger Goehring Good idea
Armida DeFelix I love #5 earn commission instead of allowance
Carrie Autumn We will have to try the clear jar !
Steve Saltzgiver This is good stuff
Joey Perez AnaBell Perez we are on the right track.
Maria Martinez Excellent
The Law Of Attraction - What you seek is seeking you People who shine from within don't need the spotlight.
Kelli Baker Libby | never too young! | ;-)
Stacey Crutcher Done. : )