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iilluminaughtii

The Man Who Believes Your Latte is Why You're Broke (Dave Ramsey) | Corporate Casket

iilluminaughtii

Blair Zoń

Documentary, Education, Business, Society & Culture

4.4961 Ratings

🗓️ 5 January 2023

⏱️ 28 minutes

🧾️ Download transcript

Summary

Go to http://everyplate.com/podcast and enter code casket139 to get started with EveryPlate for just $1.39 per meal. Go to http://joinhoney.com/casket to get Honey for free! Welcome to the Corporate Casket, a semiweekly series where bad businesses go to die. We will discuss any and everything from bad charities, terrible CEOs, and businesses that have a lot to hide. Dave Ramsey. The financial guru has been spreading his advice across the United States for as long as many of us can remember. His key focus: paying off debt, which he says you should do at any cost. Don’t buy that coffee! Pay off your student loans! He has been upheld as one of the utmost experts on all things money, but how good is his advice, really? With people starting to question the validity of his preaching, there are other things going on that are raising a few eyebrows. His reaction to the Covid-19 pandemic was, well, concerning, and the “religious” values he places on all who work for him have brought up a few concerns. What’s really going on with Dave Ramsey? Connect with me: https://linktr.ee/iilluminaughtii Sources: https://justpaste.it/at8wo Writers/Researchers/Helpers: Jess Hubbert Album cover art created by: Betsy Primes Intro Song Credits: Last to Fall- Will Van De Crommert Outro Song Credits: Sacred and Profane- Nicholas Rowe Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Canning is with us in Washington, D.C.

0:03.0

Hi, Channing, welcome to the Dave Ramsey Show.

0:05.0

Hi Dave, thank you for having me.

0:08.0

Sure, what's up?

0:10.0

So I live in D.C. I just recently got married.

0:14.1

Dave Ramsey has been a pivotal figure

0:16.3

in the financial consultant world

0:17.8

for as long as most people remember.

0:20.0

His podcast, books, and constant stream of articles reach out to people from all walks of life,

0:25.2

as he tries to teach the world how to live a financially peaceful and even prosperous life by

0:30.4

expelling their debts. Day after day Dave graces the world with his

0:35.0

financial advice that primarily revolves around one concept. You shouldn't have any

0:39.6

debt. By none, he means none. No credit cards, no student loans, no nothing.

0:45.6

Debt is the epitome of evil and the killer of your financial dreams.

0:49.8

Of course, the advice on how you can live your life debt-free has the tendency of going just a little too far.

0:57.0

Sometimes it reeks of the same entitled Know-It-All advice given to you by your grandfather sitting at the holiday table.

1:04.0

Stop going out to eat, no more going to movies for date night, and definitely no impulse spending

1:08.6

at any time ever.

1:11.4

Everything should be broken down into a precise and exact budget with no straying off course.

1:16.0

And it all sounds great in theory, but fails to account for the fact that the world is an unpredictable place with unpredictable circumstances.

1:23.5

And sometimes it's perfectly okay to splurge

1:25.7

even if you have credit card bills calling your name.

...

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