You Sound Like a Tik-Tok Video, Dude
The Ramsey Show Highlights
Ramsey Network
4.5 • 839 Ratings
🗓️ 9 April 2024
⏱️ 10 minutes
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| 0:00.0 | brought to you by the every dollar app start budgeting for free today today's question of the |
| 0:07.2 | days from adam in florida i'm a new listener and i've got a burning question is there any way to |
| 0:11.1 | leverage debt and stay aligned with your methods no we tell people not to borrow money i mean you |
| 0:19.4 | don't listen to show but about 30 seconds to figure that one out, dude. |
| 0:22.8 | It seems to me as a WT employee that the only way to attain outsized financial freedom would |
| 0:26.9 | be to reach C-level suite, corporate America, oh, brother, or become wildly successful |
| 0:31.4 | salespeople, salesperson, oh, brother. |
| 0:33.7 | I recognize that there is much more to life than acquiring wealth, but if there was ever a time to take a shot at entrepreneurship through acquisition or buying short-term, long-term rental properties, that be now. |
| 0:43.6 | You sound like a TikTok ad, dude. |
| 0:46.9 | I would also prefer to be my own boss than an officer of a large company. |
| 0:50.6 | Okay. |
| 0:51.2 | So you don't want to work for a large company. And, but, but here's the thing. |
| 0:55.0 | You have created a world in your mind that says that the only way to become wealthy is go borrow |
| 1:00.7 | a bunch of money and buy real estate other than do things that you don't want to do, which is be a |
| 1:06.9 | C-suite or whatever. The truth is that C-sweeters don't become that wealthy that often anyway. |
| 1:12.4 | So that's a misnomer. |
| 1:15.7 | A high percentage of small business owners build wealth if they survive in business. |
| 1:25.3 | The number of people that borrow money to buy real estate and 10 years later are not bankrupt is almost zero. |
| 1:34.8 | So I'll give you an example, Adam. |
| 1:36.5 | When I was in my 20s, I did this. |
| 1:39.4 | You obviously have not heard the story. |
| 1:41.8 | So I got a degree in real estate. I grew up in a real estate household. |
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