Debt-Free to $1.5 Million in Debt (Now What?)

EntreLeadership

Ramsey Network

Management, Entrepreneurship, Business

4.7 • 4.4K Ratings

🗓️ 11 February 2026

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, we’ll hear about: A business owner who added $1.5 million in debt and doesn’t know what to do next Why leaders must stop doing the work to grow the business Why Dave Ramsey recommends starting your own business versus purchasing an existing one How debt increases risk even when growth looks successful Next Steps: 📞 Have a question for the show? Call 844-944-1070 or send us a message: https://ter.li/ask-us 📚 Learn about the EntreLeadership System™: https://ter.li/system-p 💻 Get EntreLeadership Elite™ for your business: https://ter.li/elite-p ✉️ Sign up to receive tactical tools, advice and resources in your inbox every week: https://ter.li/enl 🏢 Attend EntreLeadership Summit: https://ter.li/summit 🎤 Attend EntreLeadership Master Series: https://ter.li/masterseries 📖 Order Dave’s new book, Build a Business You Love: https://ter.li/b4kru2 🔎 Explore business coaching options: https://ter.li/wveycm 🚢 Set Sail with Dave Ramsey! Book your cabin today: https://ter.li/s8xnyo Connect With Our Sponsors: 💼 Go to Belay Solutions or text ENTRE to 55123 for their free resource! 💻 Visit NetSuite today to learn more. 📈 Grab Sales Gravy’s free resource to help you hire and lead better. Listen to More From Ramsey Network: 🪑 Front Row Seat with Ken Coleman 🎙️ The Ramsey Show 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	From the headquarters of Ramsey Solutions, this is Andre Leadership, where I take calls from leaders like you about what it takes to win at any stage of business and leadership.
0:20.0	I'm Dave Ramsey, your host,
0:21.6	with over 30 years of experience leading in the trenches right alongside you. If you've got a
0:27.3	question you want to ask on the show, fill out the form on entrell leadership.com slash ask
0:32.7	or call and leave a voicemail at 844-944-1070. I am Dave Ramsey and I'm glad you're here.
0:42.0	Thank you for joining us, guys. We appreciate you. Again, the phone number if you want to be part of this
0:46.3	is 844-944-1070. Henry is with us in Madison, Wisconsin.
0:54.8	Hi, Henry.
0:55.3	How are you?
0:56.8	Hi there.
0:57.6	I'm great.
0:58.2	How are you?
0:58.8	Thanks for taking my call.
0:59.8	Sure, man.
1:00.4	How can I help?
1:02.3	Hey, so I'm the owner of two companies since 2017, and one is a construction, one is a roofing company, started the second one in 2019,
1:14.6	actually, and grew exponentially over the years, and finally last year started the construction
1:23.0	of a brand new facility and warehouse, which has always been my dream.
1:29.3	However, we went way over budget because it's in town and just a lot of unknowns at that time.
1:37.0	So right now, we're sitting at, we're in the building, and it's fantastic, it's amazing.
1:42.9	However, I have been a follower view for a while,
1:46.5	and two years ago, I was debt-free as a company and personally, but today, because of a new
	...

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