Dave, How Did You Make Your First Million After Going Broke?

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He also demonstrated that when you have no debt and a lot of money, you can take advantage of misfortune like 2008 housing crash and buy a lot of property cheap.
That’s why being out of debt and have opportunity money is so helpful.

michellemorford
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This man has changed so many lives thx you for help and services over the years

seekingtruth
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I’m about to go broke so I’ll be half way there soon!

kevinanderson
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I would love more videos like this. Yeah it’s fun hearing you give advice about how to get out of debt but so much more interesting to hear your stories

jakeandsarahhealthnuts
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Having listened to so much of the show as well as all the EntreLeadership material, nice to hear one more story! Keep telling them Dave! I use and teach all of what you do.

erikmickelson
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Just wanted to say thanks to Dave for making all these videos. I am 34 years old and my wife and I just paid off our house. Every time I wanted to buy something with a motor I would watch a video and it helped me stay focused.

kirkcaza
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Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals

stansburyclarice
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Been following Dave for over a decade. On baby step 7. Thank you sir, from the bottom of my heart, thank you!

TheDogondone
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If you want to be wealthy follow the baby steps. If you want to get rich start a business that give people tremendous value and accelerate the baby steps. That is what Dave did.

jjawesome
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Dave had not developed the Baby Steps yet. He did start by paying off debt, living like no one else, and stockpiling his earned income, which is the foundation of what later became part of the Baby Steps.

JCtheMusicMan_
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i always was curious how dave rebounded. so glad he shared the story. thank you

bobularbob
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This is a wonderful interview!
Dave’s history is worthy of a movie

stevew
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I really enjoy that Dave talks about his experiences. I find it very insightful and motivating. I hope the other personalities will pick up this trait. Love the show!

acarter
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The first million is the hardest needs to be researched further. I have heard so many stories on how it took 30 years to get to that first million. Then from $1 to $5 million took a decade but by then all the processes and experience is already in place. Notice how Dave has been in real estate forever and even went bankrupt doing real estate but in the 2008 when real estate crashed he said he was able to purchase $100 million in real estate for $15 million. He could only do that because he had the cash available from those previous mistakes and he knew in 2008 with his then income and being able to pay cash for the properties it was a good investment.

jamisonmunn
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Wonderful Flashback!
A learning experience.

leodass
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$1000 dollar emergency fund and six months of saving in case you getting layed off or fired are truly best advice i can give anybody

donaldcomer
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He owns millions of dollars in real estate. Tells you how he did it very vaguely as far as real estate. Earned it off of books, radio, and other forms of media. Awesome guy. Trying to paying off my home now.

johnsikes
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I love this episode. At can see how the man lived it.

crow-vzlx
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Thank you Dave
Your teaching has changed my family’s life. Our house is paid for, we are debt free building a great nest egg for retirement
Now our adult children are working on doing the same thing

peterskowronski
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Thank You David Lawrence Ramsey III for changing my family's life and Mine and the way we view New Vehicles GOD BLESS YOU!

FioNensa