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The Ramsey Show Highlights

This Is a Manipulative Move

The Ramsey Show Highlights

Ramsey Network

Investing, Education, Business, Self-improvement

4.5838 Ratings

🗓️ 18 February 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today. Christopher is with us in Dallas, Texas. Hi, Christopher. Welcome to the Ramsey Show.

0:13.0

Dave, I am a fellow believer. So you are brother Dave to me. It is an honor to be on your show today, man.

0:18.1

Oh, we're honored to have you, sir. How can we help? All right.

0:22.2

I'm 28, married with 202. I work for a church, making 43,000 a year take home. We are nearly done

0:28.4

with baby step three, and we have enough for our bills, but things are tight. I have a friend

0:32.9

of mentor twice my age who is a successful businessman. He knows our financial situation and

0:37.3

offered me a business opportunity that he has proved with successful businessman. He knows our financial situation and offered me a

0:37.8

business opportunity that he has proved with someone else. He suggested trying it independently

0:42.3

or taking a $10,000 investment from him for faster growth, of course, a share in profits.

0:48.4

I hesitated because of our close relationships, seeing it as a personal loan and the thought

0:53.1

of trying to work hard and fast

0:54.8

to make back his investment caused me great anxiety.

0:57.4

When I expressed interest in starting the business without taking his money because of

1:01.6

viewing as a personal loan, he got very upset, claiming that it was a weak excuse for not

1:07.3

wanting to admit that I could make more money on my own.

1:15.0

He acted like I was trying to pull one over on him and that he was going to call my bluff,

1:19.8

but my heart truly did prioritize the relationship over potential business gains.

1:23.0

So the question is, was I wrong to view the investment as debt?

1:29.1

Did I miss out on an opportunity or do the right thing following my gut and not adding anxiety in my life?

1:31.8

Is this just a conflict of different ways to use money?

1:33.6

No, this is a butthole.

1:37.7

I mean, what kind of guy is a mentor?

...

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