How Much We Earn - David & Donni #408
Social Proof Podcast
Social Proof Network
4.9 • 2K Ratings
🗓️ 2 November 2023
⏱️ 83 minutes
🧾️ Download transcript
Summary
👉🏾 Join the Morning Meetup - http://www.themorningmeetup.com
In the context of debt, David & Donni mentions the importance of selecting specific points to focus on. They believe that leveraging debt without having the means to pay it back is not advisable.
However, the speaker also acknowledges that there are educators who teach how to leverage debt in a healthy way. They mention that high-level millionaires and billionaires have used debt as a tool to generate wealth. This suggests that responsible debt management can lead to financial success.
Donni speaks to the idea of completely avoiding debt, arguing that it can limit opportunities for wealth generation. She states that without leveraging debt, it becomes challenging to become a real estate investor, for example. This implies that debt can be a useful tool when used responsibly and with a clear plan.
They also discuss the popular financial educator, Dave Ramsey, and his approach to debt. While acknowledging the value of his information, the speaker argues that it is incomplete. They highlight the need for continued education and a comprehensive perspective on debt and wealth generation.
*** Grab the Podcast EBOOK👇🏾 **
http://www.podcastebook.com
GO SUBSCRIBE to The Brain Picker Podcast on All Streaming Platforms!!
Apple Podcasts: https://podcasts.apple.com/us/podcast/social-proof-podcast/id1374373035
Spotify: https://open.spotify.com/show/6GT6VgjBy0zviALR8xkRe1?si=82LcP8siQXGVHb2ibg5axA&nd=1
Six Figure EDU:
https://www.sixfigureacceleratoredu.com/home
Actionable CEO:
https://www.actionableceo.com/enroll
Post To Paid:
Text “Post To Paid” to 404-737-2767
Donni on IG : https://www.instagram.com/donniwiggins_/
David on IG : http://www.instagram.com/sleepis4suckers
NOTE: I am a Brand Ambassador and affiliate for certain businesses, products and services that I believe in. I may have referenced these and included links in this video, description or someplace else at this site. I hope you find the resources helpful.
Copyright, Liability Waiver and Disclaimers. All rights reserved.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, except as permitted under the United States Copyright Act, and/or without the prior express written permission of David Shands, LLC, The Real Social Proof, LLC and/or David Shands.
Limit of Liability/Disclaimer of Warranty: While all persons associated directly or indirectly with this site and video use their best efforts in preparing the content, there is no express or implied representations or warranty with respect to the accuracy or completeness of the content of the videos, including any content, links or resources shared, including those by third parties. Furthermore, all parties specifically disclaim any and all express or implied warranties of merchantability or fitness for a particular purpose.
The advice and strategies contained herein may not be suitable for your situation. No legal or investment advice is being given herein. You should consult with a professional where appropriate and before any action is taken on this video. No liability or damages shall take place because of this video and/or content. Furthermore, your use of this site and watching these videos confirms your agreement that Georgia or Delaware law applies to all disputes relating to this site and videos and, venue for all claims and disputes relating to this site and videos shall be in Atlanta, Ga.
The information provided at this web site and all related platforms, services, newsletters, blogs, emails, messages, audios, videos, and all other traditional and digital communications, and social media platforms including, but not limited to Facebook, Twitter, Linkedin, Instagram, Snapchat, Instagram, YouTube, TikTok, Pinterest, blockchain related including cryptocurrency, non-fungible tokens (NFTs), other blockchain projects, synthetic media, and all others, IS NOT LEGAL, FINANCIAL, INVESTMENT OR BUSINESS ADVICE.
#entrepreneur #smallbusiness #podcast #howto
Our Sponsors:
* Check out Cash App and use my code CASHAPP10 for a great deal: https://cash.app
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is not an episode you want to miss being Donnie argue again. |
| 0:04.4 | I think that you went from one extreme to the other. |
| 0:07.3 | I believe that what Dave Ramsey teaches is valuable but incomplete. |
| 0:11.7 | Oh my gosh Dave Ramsey, I don't want to read this. |
| 0:14.8 | I think he's done a marvelous job of zeroing in on an audience and teaching them his philosophy |
| 0:22.5 | and I think his philosophy is right for that particular audience. |
| 0:25.8 | Dave Ramsey has built this cult like community and if you go into his community and you say oh |
| 0:32.2 | no because credit is good they're attacking you credit is not good it's never good you should live |
| 0:36.4 | like a nomad and blah blah blah blah blah how long does it take people to figure out |
| 0:42.0 | that these pieces of plastic all credit cards are not there for you how long does it take to |
| 0:49.8 | figure out that oh here's Bank of America let's do it on air plastic surgery right now we're just |
| 0:55.0 | going to start chopping up cards Bank of America that's two good things to get rid of credit card |
| 0:59.6 | and Bank of America both stupid Dave Ramsey's information is flat out incomplete you get out of |
| 1:05.3 | debt but you're not going to build any wealth with that advice it's a trillion dollars of you buying |
| 1:11.5 | crap you can afford with money you don't have to impress people you don't even really like |
| 1:18.8 | maybe you should stop that you're going to fully understand why Dave Ramsey is not teaching you |
| 1:23.7 | how to build wealth I find it highly offensive that everybody in the room knew who Dave Ramsey was |
| 1:29.6 | nobody knows who John Hope Ryan is he's not teaching how to leverage real estate and exactly what you |
| 1:35.8 | need to do like Robert Kiyosaki is not teaching black people that's for damn sure that's not his target |
| 1:44.1 | audience these educators that you're looking up to with this information for the most part guess |
| 1:50.1 | where they got their information from a book they're like secrets in these books that will lie |
| 1:57.1 | there until you pick up the book the sad part is which is never going to be live in the episode |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Social Proof Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Social Proof Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.