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 Ramsey31 ago

If you're financially ready, flipping a house could be a great investment... as long as you do it with CASH.

Brendan J. Koch Step 1) Get a very large spatula...
Dawn Turner Powers Logan Powers
Ryan Henry Scotty Legerski
Dave Ramsey
Dave Ramsey5 hours ago

Christmas is on its way!

You can wrap up your shopping today because all of our Christmas deals are BACK!

Grace Monis Haines Best Christmas gift to myself ever!
Chuck Luecke If I gave someone this, they would be pissed.
Gary Vaughn Sonya Vaughn we need for 2018 & beyond
Jeanette Cockram Chaffin 😊
Alisha Young Valerie Wimms
Dave Ramsey
Dave Ramsey20 hours ago

Everyone should be on a budget.
Get intentional about your money and you'll see positive results.

Amanda Lee-Mamon Thank you for all of your advice Dave because today I became debt free!
Tom Beaton Budgets are life changing. I just moved into a more expensive place, but by cutting down on a few things and adding that money to my rent category, it hasnt had a negative impact at all. I used to save what was left over at the end of the month, now I save off the top as soon as I get paid. Boom.
JoanneRuss Shook We followed similar steps for two years, with each year having a slightly different goal. We became debt free, saved for a home purchase, had money to socialize and hit garage sales. Fast forward several years later...we haven’t paid one penny of credit card in three years and increased our retirement contributions to an average of 15%. One year at a time, step by step. Our communication regarding money is amazing and stress-free...and credit scores are thru the roof! 👍
Cynthia Schletzbaum Gee This page is for rich people who are enjoying the good life already. For everyone else, it's a CROCK. Allow me to explain: If I made more than $10 an hour at either of my two jobs, we could "get intentional" about our money too but we LIVE EVERY ASPECT OF OUR LIVES according to a strict budget, and we are barely able to keep heating oil in our fuel barrel and pay the bills and the mortgage, and still have enough money for gas to get me to work six days a week at my two part-time jobs. My disabled husband and I live on two and a half acres, and so we are able to raise most of our food (or we wouldn't be eating much but ramen noodles), and after work and on my day off, we garden, care for the cow and the hens, and (in summer) can produce. We have no disposable income to "get intentional" about, and many, many people are in our boat or are even worse off. Welcome to Getting Old in America!
Traci Kukla Lacayo So over having a budget. My husband knows every purchase I make. It's ridiculous, never had one before. Life was just fine
Aryyahu Yahuchanan Slowly but surely I'm getting my financial house in order. Discipline and self control is a must when it comes to budgeting.
Chris Brown Baby step 2. Just paid off our first credit card. A few to go, and two modest cars. This is a good start.
Pienaar Lochner With what percentage should you adjust/increase your monthly expenses every year? Things become more expensive.
Carmen Webster My biggest struggle is my grocery budget.
Jane Mickeriz Really.just do it. Makes a huge difference in living the life you want!
Nate Estlund Most accountants don’t even know anything about personal finance. Everyone needs to be educated in HS so they don’t screw up their lives.
Urmas Kungla It would be awesome if you could make it available outside US and Canada as well (Y)
Laurie A. Santos Steven Kweekel: check out tip number one in particular. Laurie A. Santos: print this post.
Debbie Kelly These are good pointers Michael Kelly, Amy Simmons, Erica Kelly. Be sure to read the link to Baby Steps too. 💕
Marie Lindahl Budgeting is hard work but rewarding. So glad to finally be in charge and not my debt
Fernande Lavigne Thanks for the advise form The East Coast Canada
Cyndi Carver It is interesting that budgeting was never taught in school.
Connie Sanders Shroyer Betty Iben I was telling you about Dave Ramseu.
Dennis Taylor After you've taken out the tithe..
Jennifer Madden Veronica Madden some good tips here
Breski Quatro Chakana Samuel #2 on the list
Traci Shaw Dakota Beard Mila Elise Hodges
Kathy Jordan Deana Thorne
Rick ElChapo Voeller Nicholas R Voeller Justin Voeller
Derek Bremer Taylor Lanee
Dave Ramsey
Dave Ramsey23 hours ago

Do what you can, and let everything else go!

Barb Heydorn #5 After Christmas sales in our area are not so big. Other than a few Christmas decoratiins etc. People are using gift cards after Christmas, so not as much retail reduction in prices.
Liz Jeffries Zeitler Last year I spent 3 weeks baking and made 54 Christmas baskets. Spent probably 4k. This year I am on strike. Only 6 baskets and 30lbs of pecans. Saved lots
De Peaslee Helped my youngest with a new laptop and my oldest is getting a Dave book (and one for me and my youngest)....thats it.
Kristen Rahm My credit union offers a Christmas Club savings account. I save the money I plan to spend in the account and the day I do my Christmas shopping I take the money, in cash, and get what I need. I leave some in the account and transfer it into my checking account for any online orders I purchase. There is always enough left for me to buy a little something for myself with this method. Best thing is, it forces me to place a limit on how much I can spend per person because when the money's gone shopping is done.
Carolyn Wirtz-Poelstra #6 - Letting people guilt you into buying them gifts. What gives?!
Grace Langevin Brewer Got my beautiful tree last year for 90% off :)
Gayle Wayland Dave, we are not making any of those mistakes, thanks in large part to you!
M Michelle Welch Adventconspiracy.org Best thing that ever happened to ChristmAs at my home.
Rose Owens Great tips
Mark Brown I can think of more than 5
Marilyn Bennett Ppl
Beverly Johnson Pennington Bryan Pennington
Dave Ramsey
Dave Ramsey was live.1 day ago

The Dave Ramsey Show is LIVE Now!

Dave Ramsey
Amber Daigneault Kristin: Dave has a book called total money makeover, I started reading this at 19, Im 29 now and Im very well off. Its a very easy read!
Theresa Pawlowski After each credit card is paid for the husband and I are drinking a bottle of wine and shredding that card. I have a crystal bowl to put each card in as it is shredded up.
Amber Daigneault If you're sitting there unconvinced, Im 29 and on step 6 with Dave, on my current plan my 388K house will be paid by the time Im 49, he gives great advice!
Alan Boxberger If you put that $40/month into a savings account, you should be able to finance your own replacements/repairs if you have an appliance breakdown.
Amber Daigneault I would save cash for a car you want or are looking at. And get it when you have the cash. Dont finance. Both my cars are paid off which frees up a lot of money for me to pay off my mortgage faster.
Joshua Hauser If you pay a credit card to zero balance every month you have zero debt it's that simple I'm on the Dave Ramsey plan but I'll never buy anything online with a debt card that's just stupid
Marie Lindahl I'm budgeting, working on our emergency fund and I am still stressing that we will not have enough. Any tips to try and relax? I have tried to sell things but clothes just aren't selling
Lahassanda Robinson Brown Depending on your bank your card has fraud protection. I have had that happen to me and in 10 days I had all my money back. I use to do the credit card but I wasn't discipline back then.
Lena Kiel Matthew- pay minimums on the student loan until she is out of school. First priority is no more debt, then attack the debt you do have.
Lena Kiel Gwen- we don't specify a percent we just look at when we want to purchase and decide how much that equals per month. It is a short term savings goal.
Walt Bernard “Do not forsake her, and she will preserve you; Love her, and she will keep you. Wisdom is the principal thing; Therefore get wisdom. And in all your getting, get understanding. (Proverbs 4:6-7)
Amber Daigneault Id call and ask Dave, Gwen, Id be curious what he would say since you dont have any debt, I think he would want to know how much the car is your looking into
Gwen Hardy Kennedy We have always paid cash for cars. Our only debt is our mortgage. We drive 2000 and 2016 cars. I give myself a car payment monthly. I was just curious what %.
Susan Evatte They must have changed the rules. Used to be you could not rent a car with a debit card (or, at least, not without additional fees).
Lena Kiel The 10-15% guideline is for gas, maintenance, insurance... if you are specifically saving for a car you may be saving more than that per month.
Jennifer Hines Bardsley can someone please tell me the number to call in, I have put it in my phone I dont know how many times but my brain keeps flipping the numbers! I still cant get it right!
Aimee Watts Gwen if you are still working the baby steps, then just save for a inexpensive car, not your dream car. That will come later
Aimee Watts You can try to refinance and should be able to get a better rate than 8% unless your credit is not so great. I would shop around for refinancing for sure.
Kristin Conville Dean Thank you for the book recommendations. He's a smart kid and hopefully will get a great job after college but worried he will spend it all.
Judy DuPont Is it really possible to get out of debt if you have more debt than income and still be able to dress decent for work and maintain your car?
Lauren Bell Vicki, he’s such a solid guy! Definitely had his head on so straight and everyone could tell! Great guy!
Lahassanda Robinson Brown Some companies won't accept a debt card and if they do some want a large deposit. When that happens I just look for another company.
Amber Daigneault I would look into budgetting grocceries for large families, Dave doesnt specifically talk about this but Ive seen many other families online discuss groccery budgets
Derek Toups If your information I stolen online while using a debit card , you’ll wait to get your money while the bank investigates. With a CC the money is returned immediately
Ben Miller DAVE!!!! My wife and I paid off our final debt this morning!!! We are now consumer debt free and are looking forward to baby step 3! Thank you so much for all you have done to help us! EveryDollar has been the major key!