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The Ramsey Show Highlights

This Is Why You’re Bad With Money

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 8 January 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

Today's episode features Dave Ramsey & Dr. John Delony. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. 💸 Budget for free with EveryDollar: Click Here 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

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0:00.0

Brought to you by the every dollar app.

0:04.3

Start budgeting for free today.

0:06.0

This show has become inordinately successful with 30 million of you so are so out there in a given month on YouTube's, you know, podcast on the various platforms that's 680 radio stations that carry us,

0:26.0

because we understand that personal finance is not math.

0:31.9

The problem with my money is the guy I shave with.

0:40.3

The mathematics of becoming wealthy are somewhere, you learn them somewhere around the sixth grade.

0:48.2

This is not an intellect problem.

0:51.0

This is a behavior problem.

0:52.7

If I can get the moron in my mirror to behave, he can be

0:59.6

skinny and rich, but he's got issues, and he engages in stupid people tricks to the extent that I have dysfunction in my relationships, I'm

1:17.3

going to struggle to build wealth.

1:19.6

To the extent that I have dysfunction in my behaviors, like a lack of work ethic, a lack of integrity, other character issues,

1:31.1

I'm going to struggle to build wealth.

1:36.1

And so there is a tie-in between your emotional well-being, your relational acumen that is more predictive of your ability

1:51.7

to become wealthy than your income.

1:56.5

In other words, it doesn't matter what you make if you're addicted to cocaine.

2:02.6

You're going to lose everything.

2:07.9

100% of addicts, as an example of this discussion, end up broke.

2:09.3

Eventually.

2:11.1

100%. Eventually.

2:13.7

Some in 10 months, some in 10 years.

2:17.0

And they lose everything.

...

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