meta_pixel
Tapesearch Logo
Log in
The EntreLeadership Podcast

Is It Okay to Go Into Debt for This?

The EntreLeadership Podcast

Ramsey Network

Entrepreneurship, Business, Management

4.74.1K Ratings

🗓️ 25 August 2025

⏱️ 39 minutes

🧾️ Download transcript

Summary

Today, we’ll hear about: •             A business owner unsure if it’s the right time to purchase a building •             A father hoping to create a business his kids will want to join •             Dave’s perspective on good versus bad conflict •             A young businessman struggling to find talent 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   Connect With Our Sponsors: ·      💼 Go to Belay Solutions or text ENTRE to 55123 for their free resource! ·      💻 Visit NetSuite today to learn more. ·      🧾 Visit Payority for a free consultation! ·      📈 Grab Sales Gravy's free resource to help you hire and lead better. ·      📝 Use code ENTRE15 to get 15% off your first year of Trainual.   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

Click on a timestamp to play from that location

0:00.0

From the headquarters of Ramsey Solutions, this is the Entree Leadership podcast, where I take calls from leaders like you about what it takes to win at any stage of business and leadership.

0:21.9

I'm Dave Ramsey, your host, with over 30 years of experience leading in the trenches,

0:26.7

just like you.

0:28.1

If you've got a question you want to ask on the show, you can fill out a forum at ontraryleadership.com slash ask,

0:33.9

and we'll make you a caller, or you can just call, leave us a note.

0:36.5

The number's 844-944-1070. That's 844-944-1070. John is with us in Austin, Texas. Hey, John, how are you?

0:51.3

Hey, Dave. I'm doing good, man. I am the owner of a fabrication company based in Austin,

0:57.3

Texas. We have 14 full-time employees, and we did around 3.5 million in revenue last year.

1:03.8

Good for you. Thank you. Thank you. We're consistently running into space limitations in our

1:10.1

current shop, and it's beginning to restrict our ability to take on more work.

1:14.4

My question for you is I'm wondering at what point does it make sense for us to stop leasing and to start considering purchasing a commercial property.

1:25.5

Number one, at the point you can pay cash, which I'm guessing you can't.

1:30.4

We cannot currently pay cash, but we can pay a decent amount right now.

1:36.4

That would be the only way I would do it, number one.

1:39.9

Number two, when you start buying real estate that your business is operating in, you're

1:45.8

now in two businesses, the real estate business and the business that you're in, the fabrication

1:52.1

business.

1:53.1

And so I own the building that we're in, and I owned the last building that we're in, and I

1:58.8

still own it.

1:59.4

It's full of tenants now.

2:03.4

The problem will be when you outgrow the next one. If you go buy something twice as big as you

2:10.2

have now, and you look up in a few years and you're back in the same situation, now your real

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.