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 RamseyJanuary 16th, 2017 at 6:44am

You work too hard to get to the end of your life and have nothing to show for it!

Jenn Gedden "The best part about debt is remembering the GRIT it took to get out of it." Stick with it. You'll be SO proud of yourselves!! 💜
Jason Waite Exactly what my mother and I were talking about it. We've decided to rent her house out, let her buy another house as she's transfering to a higher paying job in the city where she wants to live. Also she's starting a part-time business on the side that gives her leverage for extra income that anyone can do. Coupled w/these options she should save ALOT on her taxes, and also give her some extra cashflow if anything was to happen to her. These the same strategies I've been taking. Where there's a will, there's a way.
Brittni Stanphill Started our first class tonight!!! We are determined to make this work for us!!
Donna Baker Really enjoyed hearing you at church today (Thomas Road Baptist)....can't wait to get started on our journey to financial peace
Rosie Carr Will FPU work with your current take- home pay? I work full- time then I am my elderly parents caregiver for the remainder of my non-sleeping hours. I have tons of debt and my pay isn't enough to cover my bills and I need relief. Can FPU help with my situation?
The Law of Attraction/ LOA Hi! Whoever is reading this, I understand how rough things are right now. I just want to let you know that things will get better, I promise. Keep holding on just a little bit longer. I know you feel like nobody really cares. You're wrong, stop denying it. I care, otherwise I wouldn't be writing this. You're not alone, we may be miles away but we're all going through the same things. Please keep holding on.
Marie Joyce It's a shame this isn't available in the U.K. Xx
Lori Ward Barnes Well, you can't take it with you.
Jennifer Ayers Amen! 🙌🏼
Carolyn Risch Darron Can't take it with me anyways!
Jessie M. Middleton I am trying help me.
Arielle Hedrick Bell Jennifer Russo? It is a start.
Melody Darnell Chelsea Crosby, like his page.
Sheryl Bird In wish FPU was offered in Canada
Edgar Rhea Bianca Rhea yup
Leu Gilbert Lia Ann Gilbert
Bernie Fugate Robin Proctor-Martin
Bill-Jane Anne Olson Julie Terrill
Kala Yoder Robin Renee Flatt
Jeremy Young Phil Novotny Erinn Beth Routh
Linda Rivadeneyra Seán De La Cruz
Nicole N. Henney Dedrick Jessica Moyer
Chris Kierra Taylor Andrea
Dave Ramsey
Dave Ramsey with EveryDollar.January 16th, 2017 at 6:44am

We asked people to come up with a word for budgeting that reflected their lives, their answers are pretty astounding!

Jessie Kovach Knott My goal word for the new year is "simplicity". Having a plan and sticking to it is far more simple than flying by the seat of your pants and trying to figure it out mid month. After paying off debt it will become even simpler.
Sue Kennedy I wish you'd bring Everydollar to the UK. Please. Doesn't look like we're going back to pounds and shillings any time soon after Brexit so it'd only need a symbol change.
Dennis Petty If you can't wear it or eat it, you probably don't need it.
Lauren Ault Peace, achievement, success, this-husband-wife-never-fight-about-money-EVER! (That's one word right? Right! Lol) And RETIREMENT! Lol
Judy Pariser Scharf Liberating is the feeling I get knowing that I have an emergency fund and am living below my means.
Charlie McPherson My first word for my first few months of budgetting would be "Doh!"
Vickie Rutledge 19yrs doing it.....a still daunting but necessary task, can't say it's freedom though
Jenny Raye Vermeer I love the "freedom envelopes "
Mark Leighton Emelia, Victoria and Justin - give this app a try and get started! :)
Bernadette Zayas Lorenzo FUN! I am DEBT-FREE!!!
Marge Reed Power of choices
Mye Mye Smith Financial stability
Roberto Crocitti
Christine Johnson Adulting
JohnandCindy Richardson Barnard Less is More!
Linda N Shawn Campbell Safe
Justin Coffman Distribution of money plan.
Jo Maloof VanCurler Determined!
Sisi Loudon Prioritizing!
Kim Pearson Responsible...
Rebecca Stroud Control. I love the feeling of control it gives me.
Tonya L Langhorne Peace
Tina Ward Brehmer Direction
Sheba R Verghese I got a plan for my money
Sherrie Scott Wehrheim New
Dave Ramsey
Dave RamseyJanuary 16th, 2017 at 6:44am

Are you draining your emergency fund for the right reasons?

Dale Hall My wife and I are retired and debt free. We have an emergency fund but when to use it is just as important as having it to begin with. The transmission on my seven year old truck failed and needed a rebuild. My wife said it was a good thing we had the emergency fund. I made the decision not use the emergency fund since we had another vehicle. By adjusting the budget, I had enough money in sixty days to repair the vehicle. Don't confuse. "Want" with a true emergency! 👌
Alaina Ross Shanahan 👍🏻 We had to use our emergency fund when the Air Force decided to mess with my husbands pay for 4 months. They would pay us days to weeks late and $400 less(each paycheck) than what we should have. To pay our mortgage on time, we had to move our emergency fund over and use it. It took until mid Dec for them to figure everything out and pay us correctly and on time. We moved the money back into our emergency fund and were so grateful for it.
Kim Rowan We finally have our emergency fund! What a stress relief it is ♡
Pam Williams I finally have one! It's been years, but what a great feeling to have that safety cushion. Now I'm building up the savings one.
Johnathon Olavarria Do superbowl tickets count as an emergency?
Pam Olson No! Even when we have an emergency, we don't touch it!
Charlotte Rountree Leasure What emergency fund?
Andy Norris Pretty good criteria
Naomi Melendez Great reminder to plan ahead!
Ashley Meagen This is a great article and reminder Faith Jem Praise!
Don Bowins I "want" to fix my dogs ACL, but is it an emergency?
Chelsea Forgeron Kyle Forgeron a good read!
Idamarie Dibisceglie Eddie
Angelica Doxey Ryan Doxey
Nicky Jones Shanna Jones
Joe Palmerini Danny Poma
Gabe Pipes Jennifer Ann
Nikki Freeman Brad Freeman
Diana Thompson Nathan Derby, Tani Love
Andrea Kapina Bear Kevin Bear
Lisa Chitek James
Jean Tripi Ross Tripi
Susan Bailey Galtelli Sarah Donnelly
Nicole Hall-Huffman Tony Huffman
Kim Price Patricia Eldridge
Dave Ramsey
Dave RamseyJanuary 16th, 2017 at 6:44am

From $120,000 in debt to saying, “At the end of the day, if I lose my job tomorrow, I’ll be ok." This is Michelle's story of hope!

Pam Broviak I am with Debra below - what is her income? The story, the concept, the rewards are all great but unless you have a great six figure income this amount in this timeframe is not realistic? In order to pay off $120,000 in debt in 27 months you would need to on the average, have $4444.44 income per month to put towards your debt, and that's after you've already paid mortgage or rent, utilities, groceries, vehicle and gas expenses.
Owen Wengerd This stuff works. We paid off 55k in debt on abt a 60k income a few yrs ago we're still debt free. And now we actually have some $.
Bethany Goodin "At the end of the day, If I lose my job tomorrow, I'll be ok". The only way to live. Why would you want to live any other way? Love Dave Ramsey! I wish everyone would take his class to find financial peace. He has helped give my husband and I great tips and motivation to "Live like no one else now, so you can LIVE LIKE NO ONE ELSE LATER" Shane Goodin
Melissa Tatiana I live a modest lifestyle. My debt is due to my past mistakes. I hope I can find peace one day and be debt free so I can also share the journey.
Lynn Cook Russell My spouse and i have had a rough year.he lost his job of 28 years. Insurance etc gone.i was able to get insurance thro my job so basically now i work for insurance.he is 57 and its not easy finding full time work .when a bunch of 20 somethings are out there looking. Our bring home now is under 1200 a month. I scrimp and rob peter to psy paul every month.cant afford bills we have let alone spending money on anything else.we are not rich. So speak to us in the midfle lower class please dave.
Todd James You have to look at it differently. Assume the negative thinkers are right, and DR really doesn't work like he say. But what if it did? If things aren't going the way you want, give it a chance. I did and it is so worth the effort.
Katie Moon Bodily This is our story as well. My husband went to flight school and we paid off $112,000 in 7 years. He got laid off this past October and we decided to wait until after the holidays before applying for another job so we could just enjoy having him home for the holidays. We haven't applied for unemployment yet and don't qualify for food stamps because we have too much money in the bank. We've just been living on his severance pay and savings and had a lovely holiday and booked a Disney cruise for February. To get out of that much debt, he made $60,000-$80,000 for the majority of that time. We lived in modest 2 bdrm apartments then with family. We drove very modest cars (only had one for a time) that we paid off as soon as possible. We didn't have any vacations. We didn't buy name brand clothes. I didn't get my hair done. We didn't have smart phones. We delayed having our second child so I could work a little. I used a zero-based budget and put every possible penny away for the monthly loan payment. My goal was $2,000 a month. Living with family for 3 years put a huge dent in his loan. (It ruined our relationship with them, unfortunately.) Then he got a huge raise at work (six figures) and we could really pay down the loan. But the first 6 years (and the years before that we had to defer the loan because we couldn't even make the base payment because we were living paycheck to paycheck ) were terrifying. The future looked bleak, that we would be in debt forever and never be free. How much you make doesn't matter as much as how dedicated you are to staying the course and making it happen. And when you do, you will be SO proud of what you accomplished! It's hard and requires a lot of sacrifice (while watching everyone else go on fun vacations) but so worth it!
Melinda Jones Kinney It's great to hear some single people killing it. I am trying but as a single mom with two kids I keep getting knocked off the wagon, but I keep getting up. Hopefully I will be debt free soon.
Pg Gibson About 10 yrs ago we heard Dave on the radio talking about snowballing debt. We started doing just that one thing and now we have 100K+ home paid for in 14yrs, a huge credit card paid off, several hospital bills and some small loans. We are both teachers. It can be done! My husband just retired and I will in the next several years. Couldn't do it if we weren't out of debt. Thanks so much!
Donna Axner Yachimiak Please post a story of how a single middle class parent got out of bad debt.
Debra Marble Poling I am curious on what her annual income was when she paid that debt off?
Peaches Robbins guess what if you're a 6 figure incoming person with horrible money habits it doesn't matter how much you make cause you will always be broke. if you're earning 30,000 a year and have learned how to be a good steward with your money then you will most likely live more than comfortably. it's not that these people have a lot of of money...it's that they learned how to manage it. if you have less debt than she does consider your self blessed and get to work.
Bonnie Alvarez I LOVE Dave Ramsey. I am a devoted follower going back 20-years. His philosophy is live below your means & pay in cash. Cash is King.
Megan Thurston I love seeing and hearing a single woman's story. I get so frustrated when I realize someone's story is actually two working people getting out of debt. Let's have more stories of singles' successes.
Paul Havrilka Take Financial Peace University. It works, Dave teaches you how. Since taking this we've sold my motorcycle, a car, property already paying off $250,000, And three credit cards totaling close to $5000. Our goal for 2016 17 is to become debt-free using information taught by Dave Ramsey and financial peace University. It's just how bad you want it and how you want to change your future
Evelyn Ejoh D'Haene I'm a millionaire. Power of positive affirmation. I am debt free and I see millions in assets. I love her story.
Diya Miller Ford I've done it 3 times before with MORE debt than we have now. I can surely do it this LAST TIME.
Cindy Salley It is doable if you sell off a high ticket car, land or home and downsize. She sold something as Dave suggests.
Kim Bell I am very curious what was her income? she never stated her income. She would have to pay in 27 months $4,444 Per months. To pay off 120,000.
Joe Justice I won't be ok if I lost my job, I'd be at the mercy of Obamacare, so I live in fear and I'm getting better at taking crap from everybody at work to hang on to that job.
John Matthew Lash You wonder how it's possible yet it is and how do I know because one can pay off half a million in 5 years
Shannon Isaacs Hearing these stories NEVER get old AND they help keep ME on track! Keep your eye on the prize right? DEBT FREE IS THE PRIZE!
Cara Monette She has a large income but didn't know how to handle the money. A lot different than someone who has debt but is disabled.
Tania Stachyra Unrealistic. If you have that kind of money, paying off the debt is not a great accomplishment.
Gary Meador We started the program one week ago. We have our first baby step complete and have one of our debts already paid off.
Dave Ramsey
Dave RamseyJanuary 16th, 2017 at 6:44am

Everything you need to make 2017 the year you finally WIN with money.

Fuego Gracia I revamped my whole budget. My 2017 New Years Resolution was to make an annual budget for the year of 2017. It took me 2 days to create. It's now near the end of January 2017 and my "2017 Debt Snow Ball Budget" IS FREAKING AWESOME AND WORKING!! Thanks Dave! I can't wait to see where I am financially when December 2017 arrives. I'm so excited!!!
Steve Skarie 68% of people don't budget? It's not that hard... lazy... plus they have to then face up to how they blow their money
LaTasha Rose Kimberly Smith here is his Facebook page. If you have time find the audio book Total Money Makeover.
Debbie Martin I know where my money went in 2016. It went with my job. 2017 is going to be so much better!!!!!! Time to regroup.
Jo Maloof VanCurler We budgeted and are now debt free. We researched our foods and are now nongmo and all organic! 2017 is research to find fair trade nongmo clothing!
Lissa Porter Riley Porter here is something to read.
Aaron Baer How much does this cost?
Natasha Rodriguez .
Emma Odogu http://dollarjob.online/?ref=55712
Kim Ward Sydney Sydney Ward
Ladonna Harrison Cutchens Sarah Cutchens
Nancy Johnston Joshua Johnston
BobnChelle Howey Mark Cunningham