Delayed Gratification Is a Key Ingredient to Building Wealth

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 16 December 2024

⏱️ 86 minutes

🔗️ Recording | iTunes | RSS

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Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan 📱Watch the full episode for free in the Ramsey Network app. Dave Ramsey & Ken Coleman answer your questions and discuss: "Should I buy a $250K supercar?" "I borrowed from my parents to start a business," "How do we steer our daughter's career choice?" "Should I be involved in my husband's business?" "I'm unsuccessfully tried to settle my debts," "How do I budget my starting salary?" Support Our Sponsors: 🌱 Get 10% off your first month of BetterHelp ◎ Get 10% off Byrna product bundles and more! 🏥 Learn more about Christian Healthcare Ministries 🏡 Get started today with Churchill Mortgage 🔒 Get 20% off when you join DeleteMe 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! 🥗 Save 15% on your first Field of Greens order with code RAMSEY 💤 Visit Helix Sleep for special offers! 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for 18% off at The Nokbox 💵 Learn more about Timothy Plan 🏛 Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 💵 Start your free budget today. Download the EveryDollar app! 🎟️ See Dave and John LIVE in a city near you! 🎄You could win $5,000 in the Ramsey Christmas Cash Giveaway! 🎁 Our 50 days of Christmas deals are ending soon! Get 30% off meaningful gifts. Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Live from the headquarters of Ramsey Solutions. It's the Ramsey Show. We help people build wealth, do work that they love, and create actual amazing relationships.
0:30.2	Ken Coleman Ramsey Personality, number one bestselling author of the book, Paycheck to Purpose, is my co-host today.
0:37.4	Open phones at AAA-825-5-2-2-25.
0:42.6	Leon is with us in San Francisco. Hi, Leon. How are you? Hi, Dave. How's it going?
0:48.2	Better than I deserve. What's up? So, I've been fortunate enough to mass some money over the years through just working and
0:56.6	some very nicely timed company acquisitions.
1:01.8	And now I would like to make one of my childhood dreams come true.
1:06.7	I like to buy a supercar that's worth about $250,000.
1:12.2	Cool.
1:12.9	Which car?
1:14.9	Specifically the Lamborghini Huracan, a used one.
1:18.7	That's a beast.
1:20.1	Yeah, usually, you're right.
1:22.4	News what, $450,000?
1:25.0	I think so, yeah.
1:26.2	Yeah, okay.
1:29.5	Cool. So what your model would that be?
1:38.5	Well, looking on some of these websites, anywhere from a 2015 to 2017, 2018.
1:42.5	Okay. So a 10-year-old has lost 200,000 in value. Yeah.
1:45.0	Yes. That's about right. Okay.
1:46.0	Yeah.
1:47.0	And what's your net worth?
	...

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