How to Get Rich (Full Interview with Dave Ramsey) - Sept. ‘23 | Ep 683

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 11 March 2024

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Watch the YouTube video of the episode HERE

“Put money in stuff you love and you understand.” Today, Alex (@AlexHormozi) interviews Dave Ramsey, founder and CEO of the company Ramsey Solutions, as he discusses key strategies for business growth, investment wisdom, and the importance of avoiding business debt. The episode delves into the operations of Ramsey Solutions, and the success of initiatives like the 'Every Dollar' app and 'Financial Peace University.' Highlighting the role of strategic decision-making, brand associations, and effective content strategies, this comprehensive discussion offers invaluable lessons for aspiring entrepreneurs and those interested in media experimentation.

Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.

Timestamps:

(0:52) - The power of appreciation and dealing with critics

(2:13) - The importance of financial education for business owners

(6:56) - The importance of trust in business

(10:37) - The growth and challenges of Ramsey Solutions

(14:09) - The role of trust in branding and business growth

(18:46) - The future of Ramsey Solutions: digital expansion

(35:29) - Understanding Ramsey Trusted and its revenue contribution

(38:41) - The impact of personalized investment advice

(40:29) - The importance of investing in what you understand

(48:11) - The role of debt in business and investment

(58:52) - The power of incremental progress in business

(1:01:05) - Navigating different platforms for business growth

(1:05:48) - Final thoughts and advice for business owners

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Transcript

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0:00.0	you think that everybody that has money is sophisticated about their investing and what I figured out was almost no one else.
0:08.6	They're very primitive and so I just learned that. Put money and stuff you love and you
0:13.5	understand. Don't put money and stuff because it sounds sophisticated because
0:17.6	you're getting ready to lose your butt because you're trusting some guy who
0:19.6	doesn't have any money who's trying to sell you something.
0:30.0	Welcome to the game where we talk about how to sell more stuff to more people in more ways and build businesses worth owning. I'm trying to build a billion dollar thing with acquisition.com always wish Basos, Musk, and Buffett had documented their journey,
0:35.6	so I'm doing it for the rest of us.
0:37.0	Please share and enjoy.
0:40.4	I am super thrilled to be here today because Dave's a legend and I'm gonna I'm gonna give a little bit of an intro from my perspective of you
0:50.0	This is a little scary and I actually wanted to take the first like a few minutes to actually just kind of like hype Dave.
0:58.0	And I think it's because like in the marketplace of attention right now I actually still think you're underpriced.
1:02.0	I still think that you're underpriced. I still think
1:04.4	that you are underappreciated for the amount of value that you provide to the
1:07.6	audience at large and flattery will get you everywhere.
1:10.6	Got me here.
1:14.0	But one of the things I wanted to hit on was like I see and I'm sure you do or your team does.
1:19.0	Like there are a lot of people who take, you know, I'll use the term fake gurus, but a lot of people who haven't achieved a
1:25.5	100th of the level of success that you have that take a lot of shots at you and a lot,
1:31.0	specifically around your view zone debt debt but sometimes just in general and you know we have a big belief at
1:37.4	at acquisition.com that the only people ever hate you are never ahead of you and I feel like that's been extremely true and it's been tough for people
1:44.6	to be ahead of you in general. But I just want to give context for my audience that, number one, you've been doing this for three decades yeah a little over yeah
1:57.0	three decades and your overnight three decade success. For real.
	...

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