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The Daily Motivation

Crush Your Debts & THRIVE in 2024 | Dave Ramsey EP 459

The Daily Motivation

Lewis Howes

Education, Self-improvement

4.8960 Ratings

🗓️ 10 December 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

Finance guru Dave Ramsey shares hard-won wisdom on avoiding financial disasters by living below your means, saving money, and avoiding debt. Drawing from his experience losing everything at age 28 in the 1980s S&L crisis, Ramsey explains how economic panics trip our emotional responses and cloud judgement, but we can choose to learn from wake-up calls. He advocates leaning into fear and anger to gain perspective, straightening out our priorities, and building fiscal responsibility like a brick house to weather every storm. Ramsey inspires listeners by evoking common sense values of frugality and self-control modeled by previous generations. With disciplined money management and a long-term outlook, he promises we can all achieve financial peace of mind.

Transcript

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0:00.0

I am so grateful for you. I'm so grateful that you're here today that you show up every single week to listen to one of our episodes on the School of Greatness. And did you know that this is our 10 year anniversary? That's right, 10 years of greatness.

0:15.0

And this holiday season, I don't want to sell you anything.

0:18.0

Instead, I just want to show appreciation

0:20.0

and I want to do a big giveaway.

0:22.0

That's right. Greatness is giving away $500 a day for 10 straight days to multiple members of our community.

0:31.0

All you have to do is go to Louis Hows.

0:33.4

dot com slash giveaway.

0:35.9

And that's where you'll get all the details about how you can be a winner.

0:39.5

And again, we're choosing winners every single day for 10 straight days.

0:44.6

10 days of greatness is my way of saying thank you for a decade of greatness.

0:49.4

So what are you waiting for?

0:50.7

Head to Louis House.com slash giveaway and enter the giveaway right now.

0:57.0

Hi my name is Lewis House and welcome to the Daily Motivation Show.

1:14.3

What is the worst investment people should be making during this time and what's the best investment they can make. In my life when I have become desperate, right after that's when I become stupid.

1:21.3

When you get scared and you go rushing towards something out of fear,

1:26.4

that sense of desperation, when you do that you're getting ready to screw up.

1:31.4

I mean just count on it. And the other time you do that is if you're greedy if you think you

1:36.0

okay I got this one I can take advantage of this greedy as a lack of virtue

1:41.0

greedy I don't mean greedy in a positive way where I'm being

1:44.2

ambitious okay I mean the negative sides of greed if you're functioning in

1:49.0

desperation or in this no-holds barred I going to just clean up on other people's pain,

1:55.0

that's when you're getting ready to screw up and you're getting ready to make a major mistake.

...

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