Dave Ramsey: “100% of us have spending issues” - Here’s the fix!

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#57: Dave Ramsey, a financial expert, radio host of “The Ramsey Show”, and author of The New York Times bestseller The Total Money Makeover, is my guest in this week’s episode.
You will learn:
- Dave’s signature 7 Baby Steps for taking control of your money
- Three things to know about wealth
- Dave’s darkest moment
- How Dave went from bankrupt to a multi millionaire

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Timestamps:
00:00 - Intro
01:47 - A life-changing event that defined Dave's thing about money
08:32 - Analysis of Debt and Its Impact on Personal Life
14:48 - The Motivation behind the 'Dave Ramsey' Method
19:59 - The Importance of Taking Action in Financial Investment
28:57 - The Importance and Steps of Establishing an Emergency Fund
35:15 - Assessing Budget and Income - Tackling Debt
41:51 - Visualizing Debt Freedom & Overcoming Mindset Barriers
54:18 - Achieving Complete Financial Freedom by Paying off All Debts
01:05:59 - Importance of Joint Accounts for Enhancing Communication and Maintaining Transparency in Financial Decision-making within a Marriage
01:18:42 - Dave Taught Me

[yuliskarodriguez]

“It’s not mathematically correct it’s behaviorally correct” LOVED IT!! ❤

[annahopp]

Getting Dave Ramsey in your chair is a huge measure for your success.

[savannahesposito]

This is the kindest I've ever seen Dave be, he seems very human and empathetic even. It's nice to see this side to him. I found Dave Ramsey about 2-3 weeks ago and most of what I've seen has been "tough love" "hard ball" and even at times insensitive approaches/comments. While I understand the no BS/blunt approach, I enjoyed seeing this softer side of Dave on this interview with you Erika.

[anthonymbui]

Someone once said, "Your attitude determines your altitude." I couldn't agree more. It all starts with a strong belief that you can do it, making a plan and taking ACTION. What a great & Informative conversation! Thanks Erika for having Dave on! He's truly the undisputed King of personal finance!

[BlackJackVendetta]

I’ve watched so many Dave Ramsey videos and I think this is the most in-depth, nuanced, and least sensational talk I’ve heard. Thank you!

[PowerfulMoneyHabits]

I love Dave. I’m a dentist and make good money. By using the baby steps during 2020, I did a budget for the first time and paid off debt ( biz and personal including my house) in 18 months! Now I continue with the budget and am on track to FI in 6 years by saving over 50% of my income without stressing about it. It works!

[SimDesigns]

I made a YT playlist of people doing the debt free screams and it definitely motivated me to keep going. I’m so happy to say today I am debt free because of the baby steps. Thanks for this interview!

[ira_herself]

“You don’t look like a victim to the toxic boss”. 😂 Loved it, so true.

[adelaaguilar]

Since I started following his steps is when I started seeing savings in my account. It is about discipline and following through.

[gigiruiz]

Awww papa Dave! I loved that he said you need to be you! You are already so successful and there is room in the sandbox for everyone 🥰 so sweet!

[bratface]

there is a way that I have dismissed Dave Ramsey. I was a know it all and somebody who doesn’t honor peoples choices. I just realize that through the soundbites of his show you don’t get to see the nuance of who he is and I love that he respects your process and autonomy of folks. Your interview made me like him and appreciate him much more! Great job.

[teenaskipper]

I love Dave Ramsey. He helped me get out of debt and I will be forever grateful. Good choice of guest. You are awsome as well Erika I enjoy you guest so much. It is a pleasure to listen to you.

[joseCalderon]

After listening to all the good financial advise from people like Dave, the money guy, your channel etc, I've become more and more minimalist. Good for me, my finances, I spend less, and even good for the environment. Once I retire, I'll cut my expenses even more, so that I can enjoy more the things in life that have no price. Subscribed 👍

[yothiga]

I really like Ramsey’s advice. I stopped consuming his content for a while but this is a great platform for him to say something new.

[annahopp]

My seven day delayed gratification works quite simply:
I can put anything I want in my shopping cart, but I only check out on payday.
Usually I throw at least half of it back out or replace it with something less expensive.

[llr]

A former co-worker took that a step further. Since she was paid biweekly, she had her kids wait 2 weeks before buying them something they asked for. That way, she could actually budget the purchase. A lot of times, they didn’t even want that thing anymore and were on to something else.

[ChristaAwesome]

My husband and I have a joint account for everything (and we also own a business together), but we give ourselves a small monthly allowance towards our individual accounts to spend on whatever. It gives us the balance of both being active in our finances, but still some sense of individuality.

[pepperjonesugoChristian]

An excellent show. You always introduce me to uncharted territory. Your guest, Dave Ramsey, is a great cheerleader. I’m already charting my progress. He spoke to where I am right now. Thank you both.

[firststar]

Omg the part about not putting up with toxic work environments because you don't have a mortgage to pay hit hard.
When I started applying his principles years ago and stayed out of debt and had an emergency fund and live within my means, I was selective about employment choices. The stress relief. Also I could work.or not work

[happpymesss]

Started my finance journey by following Dave. $54k paid of high interest debt, $10k emergency fund and $32k in investments only 3 years later 🎉