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 is live now.2 hours ago

It's time to start beating debt and building wealth! Get all the help you need to start today http://bit.ly/2lDmIQU

Dave Ramsey
Lisa Hurley Erwin Hi Dave
Melissa Schlomer Hi Dave!!
Griz Lara Hi everyone
Gloria Riefer Hi Dave. Need help with budget percentages.
Lisa Hurley Erwin That's crazy!!
Tiresa Poyer Hi Dave!
Casie Prieto Hello from Fort Hood!
Christian Remmowitsch Hello from Germany
Chad Adams Thanks Dave for giving us hope
Randy Sue Nalick I emailed a question about unmarried couple sharing household expenses: Why is it recommended to do a percentage of each person's income rather than splitting 50-50. I'm only talking about shared household expenses (rent, utilities, etc..)
Clayton Bennett Because you should be equal
Judy Blitzstein Ikola Tandy Sue, That's because one person might make more than the other. this puts the money in evenly.
Hayley Alvarez Happy to announce we have started the debt snowball. We have 3 bills paid off. About to tackle #4 in march and only 2 car payments as bills. Soon we will tackle those 2 car payments! This December we will be debt free!
Ryan Lopes So glad to have you on Sirius now, I listen every day while hustling to get baby step 2 out. The show helps remind me why I'm doing it all. Great motivation!
Raymond Linares My wife and I are cranking through the baby steps and thank God I'm set to have a really great month with some freelance work. We'll have paid off our wedding by the end of the month and be working next on her car. After the car starts the climb towards conquering student loan debt. We're gazelle intense and counting down the days to our debt free scream. Thank you to the team at Dave Ramsey Solutions for laying the blueprint towards financial freedom.
Griz Lara Way to go Haley!
Hayley Alvarez Thank you!
Jonathan Morris Nice Haley! I will hopefully be joining you
Cindy Reynolds OConnell If I am out of debt including my home, would it still be a bad idea to take out a mortgage on a home for my 34 year old son to rent? He is high function autism and on disability. He is in involved in a program to have 24/7 supervision and they oversee his rent payments out of his disability check so it would be guaranteed.
Betty Voorhees Garland Dave is on Sirius station?
Ryan Lopes Yes Stephanie on the app anyway he has his own channel
Griz Lara He is also on A.M. Radio
Ryan Lopes Woops Betty lol
Michelle Kezal We have been credit card debt free for going on 4 years now. About to pay off our only car loan in 3 short months. It's nice to finally feel like we are on the other side of the fence.
Michelle Webb Boyle Does he have a podcast?
Dave Ramsey
Dave Ramsey5 hours ago

Leadership isn’t about position, it’s about influence. #DaveDaily

Kyle Hipp Anybody that excells, works hard on their craft however we all have different skills. I could train with the world's best trainers 12 hours a day with the best in the world but I would never be as gifted at Basketball as Michael Jordan because he has more skill. His efforts in training will reap much greater rewards than mine. However one must always live a life of learning. There is so much to learn that you can never run out of topics, even related topics. An education does not end with a piece of paper from a college or university, it is a way of life.
Stephanie de la Cruz I respectfully disagree. People are born leaders or they are not. Good leaders work to develop more effective skills. Bad leaders still lead, they just have destructive results. The basic ability to lead or follow are inborn.
Paul Gerbi That's true, but a lot of people are not cut out to be leaders either. They don't have the right temperament for it among other things. Personally, I dislike being in leadership.
Jorge Gomez This photo and Dave's statement reminds me of the book "The Tipping Point" the power of influence and the three kinds of people (Mavens, Connectors and Salesman) a great read. Thanks Dave for the daily posts
The Law of Attraction/ LOA Dear person reading this I hope your day has been going well, if not, I hope it gets better. You are an amazing person who will inspire others to do great things so keep up the hard work. I know you may feel unimportant or insecure at the moment but know that you are a beautiful human being inside, outside and you are important.
Denise Frazier I disagree. You are either born to lead or a natural born follower. It's not something you learn it's already a gift from God inside you. You can even tell it from childhood w some.
Nick Nighbor Start reading to change your thinking and then start applying what you learn.
Ogwala Yaya It truly is
Keith Gee Its easy to be a shadow but hard to be a leader.
Debbie Stith Martin Amen
Mason Woodall Brandon Ekbatani, just like wealth.
Rosemary Jones Melissa Ellis Amanda Spears Krissy Wheatley Perrine
Craig Duy Kelcey
Angela Keffer Cody Ernest Cody
Brooke Samudio Dylan Bryan
Lauren Barber Mike
Maria Palomino Saenz Marc Saenz
Dave Ramsey
Dave Ramsey20 hours ago

A recent study of worldwide saving habits made a discover we just had to share!

Michael Minnie Twice as much eh? That's probably because those people with larger incomes need financial planning. People with limited means can't afford the fees for a planner. If you can tell me their ROI was twice as much, then I'm all ears.
Don Trachsel The church I am attending is doing an Financial Peace University semester put on by Dave Ramsey that meets every Wensday night for about 9 weeks, I think. But it is already in its 3rd week
Anne Kennedy Proksch We still have our mortgage. However if we paid that off we'd still have property taxes at $400 mo , HOA dues of $120 mo, home owners ins at $100 month . ( plus all the maint that goes with home ownership) I'm almost considering renting an apartment after retirement . What are the thoughts of some of you ?
Donny Mohler So, I've tried the find a Smartvestor thing...but the only person it brings up is a guy in Alabama. I'm in Ohio and would rather meet the person instead of work by phone. Is there really no one closer than Birmingham for me to work with?
Joel Elscott It's not one secret, it's three steps. 1) Simply save 2) Dig into the details 3) Retirement reality #StopClickBait
Beth Thompson Pay off your credit cards and mortgage as soon as possible. Then you can pay yourself, your bank account, every month!
Amina Leah This is the year iam starting baby step 1 fully determined
Abby Chitester Ayers Your heading ("discover") has a mistake....again. If not me, please hire someone who can proofread. About to unfollow...
Levi Allen Discovery.
Teinz Lee If you don't know or understand it, don't do it!
Mary Ella Reavis Douglas James Reavis
Sheana Black Cook Matt Cook
Amanda Pantaleón Ivan Pantaleón
Linda Guiette Savannah Guiette
Jeremy Henry Quisha Childs
Rosalind Edwards Michael Edwards
Mandi Sanders Jake Sanders
Gilda Eunice Edgardo Garrastazu
Gaye Lord Kitenge Lievin Senga
Dave Ramsey
Dave Ramsey23 hours ago

Don't leave your future to chance!

Adam Nafziger I wish this calculator had a field for expected passive income streams. Part of our retirement planning (in addition to saving) is investing in rental properties that we plan to contribute regular income in retirement.
Ben Kucenski If you want to have an idea of where you will end up, a better metric is your net worth. What was your net worth last year, what is it this year, that's the kind of growth you want to continue year over year. It's a calculation I need to add to my own site. I've been tracking my net worth since 2009 so I have the raw data. The real key to this calculator is showing how little it takes to retire with a million in the bank, even starting in your 30's. And since you'll be debt free, that million will go a lot further. It's impossible to know how much you're actually retire with but if you focus on working hard, saving, investing and your net worth and not your wants, it's going to be a ridiculous amount of money. And also, don't invest in mutual funds that have a track record of less than 10%.
Patricia Chan I want to add a point here. Even though the calculator will help you get an idea with your retirement. There is a key component is missing. That is health issue. You have to admit that your health worth a lot to take care of. In this program, you did calculate the EXTRA cost of serious illness like heart surgery or cancer. To me, another investment I am making is to stay healthy. I hope those who have already followed Dave Ramsey for a long time and benefit from him will remember to invest in their health. You don't want your doctor have all your retirement.
Todd Pechtl I like the calculator you used to have. Can you please bring that one back too! :)
John Vines Old one was much better...you could put actual date you stopped investing and actual day you started withdrawing
David Stembridge at my current rate of 15% (12% of my income and my company matches a whopping 3%) i'll have $350,000 by the time I'm 67...
Kenneth Mark Vampran I really hate the new calculator. Not as capable or professional looking as the old one.
Ben Korreck Just remember Divorce without a prenuptial agreement changes your retirement drastically.
Jeffrey Harward I stopped putting in to it because we are still trying to pay off all or debt
Tim List how about a calculator that will tell you your net worth if you have a pension. I know you cannot will a pension, but you can have survivor benefits for your spouse.
Danette Alejandro Elizarraraz It can be done !!
Hunter Gonzales Tatum Gonzales what I've been talking about. And I'm stopped.
Megan Mart The new investing calculator is one step above useless. Can we have an option to switch back to the classic calculator?
Steven Dunn With the proactive how long does it take to receive and how do you connect to your bank account
Samantha Shelley Wow!! This is so fun!!!!
Bill LoCascio David this tool is pretty easy to use.
Christian Myers Courtney Page just small numbers and look
TonyApril Valdez Thanks for all you do Team Dave!
Becky Christensen Pitman Nice calculator.
Leia Dingott Jessica Boswein this might be helpful to you.
Chuck Furr Works
Bryan Neil .
Karabo Kay Bee Mashiloane What about south African,how can i use this calculator
Ben Hickman Olivia Hickman we just talked about this
Allen Hughes III JoRisa Hughes III Kiana Jones
Dave Ramsey
Dave Ramsey1 day ago

Only you have the power to change your future. #DaveDaily

Jenny Breen Today we were trying to figure out how to squeeze in a trip to Vegas in April to meet up with friends we haven't seen in years. We just paid off our debt last month and are building up our savings. We can now see closely on the horizon the day when these spur of the moment trips will be easy peasy, but we aren't there yet. So we said NO! Just keep swimming, just keep swimming. 👍
Robert Noble Almost done with one student loan. One more to go...should be able to call in for the debt free scream in the next 18 months! There's light at the end of this tunnel!
Jenessa Dunlap I FINALLY accomplished Baby Step #1, I made the conscious decision to ear mark the money for it and it happened! Along with some other upcoming expenses the money has been put aside for already! #feelingpumped
Jan Railing Jan Railing I am almost 66 years old. I want to pay off my house, its about 38,000. Should I pay it off or should I invest money at my age. If I pay it off I will only have around 14,000 in my savings. I do have a retirement. I don't make that much money so it would take about three years to get the money back.
Joel E Mason Anyone know where better employment is? A job that will consistently provide steady income for a long period of time? I've been working for 20 and have never seen consistent paychecks at any point in those 2 decades. So where's the decent long term employment at that you can depend on instead of employment where you go to a safety meeting and get laid off?
Beverly F. Ryan Follow the money....GET AN Education! Knowledge is power!
Nikki Cranford Eggers Starting class in about a week. Looking forward to a wonderful story to tell.
Roberta Ryser Bohach Such a mistake to depend on others and things to make your life work.
Liz Dowling I'd like to make some big decisions with some big money.
Andrea Miggins Yes! You are your greatest investment! Use the money to get a college education!
Tanya Hargrove Hold my hand Father and make me wiser in your vineyard. Luke 12:42-46 - Who then is that faithful and wise steward
Gaby Soto Campbell Sophia Rayo this is who I was talking about
Chuck Coats People make bad decisions every day because of a lack of money.
Anthony Nash Makes cents!
Judy Ejampi Suave Precisely!
Stacey Ryan So True
Lani Alex Yep truth
Paul Rothman I agree
Chelsea Forgeron Kyle Forgeron! Dave Ramsey and Chess! :-D
Vickie Ballard Right
Randy Schnickle So true... Dang it!
Tonis Lopez
AskTani.com Love this! You are in control of your money.
Becky Behrmann Jon Behrmann <3
Charlie T Got em Chelsie Tull