meta_pixel
Tapesearch Logo
Log in
The Ramsey Show Highlights

Pastor Asks Dave Why Some Debt Is Okay

The Ramsey Show Highlights

Ramsey Network

Business, Investing, Education, Self-improvement

4.5839 Ratings

🗓️ 15 April 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

💵 Sign up for EveryDollar today - Create a free Budget! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 🏦 Take Your 3-Minute Money Assessment - Get a personalized money plan! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices 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

Brought to you by the Every Dollar app. Start budgeting for free today. Well, I had a question for you.

0:08.2

I'm actually a pastor over here at a small town church, and I just want to say I very much appreciate all that you do.

0:14.5

Thank you.

0:14.9

But one question that's come up for me is I often hear you use the phrase, the borrower is slave to the lender. And I definitely

0:23.4

agree with that principle in many ways. But then on the other end, I noticed that when it comes to a

0:29.1

mortgage, you are okay borrowing in that instance, which seems almost to betray that principle a

0:36.6

little bit. And I guess I was just curious on your reasoning as to why you think it's okay to borrow in that instance.

0:43.5

But then when it comes to something like a car, especially for someone like me,

0:48.4

I live a little bit in the country where I'm at.

0:51.2

So it's a little bit more difficult.

0:53.2

A car is almost a requirement.

0:55.1

Pastor, that is a wonderful question. Yeah. It's a really good question. Of course, you're

1:00.6

quoting the scriptures, Proverbs 22, 7, the rituals over the poor and the borrower is slave to the

1:06.5

lender. And this is a biblical principle that we're violating when we say it's okay to take out a mortgage

1:13.7

and that's your point and you're you're correct completely on that or when we tell people it's

1:19.0

okay to do that so are you 26 I'm actually like 31 31 I'd think about that for a second

1:26.1

okay that's okay you lose count around 30.

1:28.3

It happens.

1:29.4

So, yeah, I'm on the 34th anniversary of my 30th birthday.

1:34.2

But the, all right.

1:36.3

The, so the answer to your question is it is the only hypocritical advice we give on this show. It's the only thing that was hypocritical

1:50.3

we give on this show. It's the only thing we tell people it's okay to do that I never do.

...

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 2026.