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The School of Greatness

938 Dave Ramsey: Master Your Money In a Time Of Uncertainty

The School of Greatness

Lewis Howes

Mindset, Relationships, Entrepreneurship, Mental Health, Education, Greatness, Fitness, Celebrity, Health, Inspiration, Success, Health & Fitness, Self-improvement, Business, Money, Self Care, Celebrity Interview

4.822K Ratings

🗓️ 8 April 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

“You don’t die from fear.” QUESTIONS Why is right now in these financially hard times the best time to make money? (1:20) What lessons have you learned from the recessions you have endured? (6:30) What do you tell people that have not been financially responsible? (13:21) What’s the worst investment and best investment someone could be making right now? (21:29) What was the greatest lesson that your father taught you? (31:41) What’s the wisdom you’ve learned from your partner? (33:40) YOU WILL LEARN Why losing your job is an opportunity (2:00) What a recession is (4:11) How many jobs are being lost per case of coronavirus (5:12) Why now is the time to invest (9:42) What pressure is good for (17:01) How desperation and greed can poorly affect your investment (21:10) The purpose of repentance (28:21) How listening to your partner can help (36:18) If you enjoyed this episode, show notes and more at http://www.lewishowes.com/938 and follow at instagram.com/lewishowes

Transcript

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0:00.0

This is episode number 938 with New York Times bestselling author and radio icon Dave Ramsey.

0:09.6

Welcome to the School of Greatness. My name is Louis Howe's former pro athlete

0:15.0

turned lifestyle entrepreneur. In each week we bring you an inspiring person or message

0:20.5

to help you discover how to unlock your inner greatness. Thanks for spending some time with me today.

0:26.4

Now let the class begin.

0:30.2

I want to start this interview with a quote from Dave Ramsey. He said, you must gain control

0:40.6

of your money with a lack of it. Well, forever control you. Welcome to this special episode

0:47.6

where I am so excited to bring you Dave Ramsey in a time of financial crisis, uncertainty,

0:56.2

fear, worry and anxiety around many things and money. Also more than money our health

1:02.9

our environment everything but people keep coming back to money with me saying, Louis, I am struggling.

1:09.6

I just lost my job. I just went through this uncertain time where I'm not sure about my money,

1:16.0

my money, my money situation. I've still got debt. I've still got bills. I've still got all

1:20.8

these challenges and yet here we are with coronavirus and these uncertain times. I've got money in the

1:27.1

stock market. That's going down. You know, my 401k everything is going down. What do I do?

1:34.6

And I have some insights from my personal experience from 2008 to 2010 of what it was like

1:42.7

being broke, getting out of that situation in a dark economical time. But I don't have all the

1:49.2

answers. And that's why I bring on great people like Dave Ramsey to share the answers. And let

1:54.9

me tell you this Dave blew me away in this episode. He was like a preacher motivational speaker.

2:01.9

He was a money master. All these things he brought all of it. And I'm so excited that you get to

2:07.4

learn from him. And if you don't know who Dave Ramsey is, he's a personal money management expert

2:12.4

and extremely popular national radio personality. He's got seven best selling books. He's sold

2:18.6

more than 11 million copies combined. This guy is a machine by age 26. He had established a

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