Winning With Money Is 80% Behavior

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 9 January 2024

⏱️ 118 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & George Kamel answer your questions and discuss: "How can we best bless our kids?" "Should we sell our home when we move?" "How should we handle estate planning?" "How do I prepare to buy a house?" "Covering medical bills while paying off debt," The difference between gross and net income, "Can we afford to buy a house?" "How much should we be spending?" "What tax deductions should I look for?" "How do we clean up our financial mess?" "How can I sell my car?" "What should we do with extra money?" "How should we use a life insurance payout?" "Sell our house and move to pay off debt?" "How can I best help my mom?" Why you should ride the investing rollercoaster. Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Support Our Sponsors: USCCA Zander Insurance The Chosen Churchill Mortgage Neighborly Have more money and less stress with George Kamel's NEW book, Breaking Free From Broke! Find a Ramsey Trusted Real Estate Agent: Click Here Want a plan for your money? Find out where to start: Click Here Listen to all The Ramsey Network podcasts: Click Here Interested in advertising on The Ramsey Show? Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	The Oh, no. Live from the headquarters of Ramsey Solutions. It's the Ramsey Show where we help people build wealth, do work, that they love and create
0:38.9	actual amazing relationships.
0:42.4	George Camel Ramsey personality,
0:44.5	soon to be a number one best-selling author of the book.
0:47.6	Breaking Free from Broke is my co-host today.
0:50.9	Open phones at Triple 8, 825, 5225. Dave starts this hour in Madison,
0:57.8	Wisconsin. Hi Dave, welcome to the Ramsey Show. Good afternoon. Hey, what's up?
1:05.0	My question is, my wife and I are on Baby Step 7 and we want to be able to help out our kids we have grown adult kids
1:13.8	uh... one of them just got married and the other one is a grad student in college
1:17.8	and
1:18.8	we want to be able to help them in such a way that you know whether it's paying you know helping pay for a
1:24.0	down payment on a house or something like that we we want to help them and have it be
1:28.2	a blessing but not make them feel entitled or not you know kind of make them feel like they're just waiting on us to
1:35.3	to provide.
1:37.3	Mm-hmm. Are they waiting on you're just
1:45.0	just waiting on you're just worried that handing them $30,000 might create more
1:48.4	entitlement right I mean they you, we like throughout the course of them growing up, you know, we paid for their state college, you know, they we basically provided them, you know, when they graduated from undergrad, you know, we got them a nice reliable used car and kind of set them on the path and said, all right, you're, you know, you're never going to borrow money to buy stuff like that you know
2:14.2	you're the next car you buy you're going to save up and pay cash for it you know you're
2:19.4	not going to have any student loans and are they doing are they doing all of those things? Yeah. Okay. Well here's the thing. I don't think the gift causes the entitlement. I mean you could give one person a dollar and they would be entitled and you could give
2:37.8	another person a hundred million dollars and they wouldn't feel entitled. So entitlement is an arrogance.
2:46.0	Entitled is I am due that I'm on third base.
2:51.0	I was born on third base walking around acting like I hit a triple, you know,
	...

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