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The Ramsey Show Highlights

You Sound Like a Tik-Tok Video, Dude

The Ramsey Show Highlights

Ramsey Network

Business, Education, Investing, Self-improvement

4.5839 Ratings

🗓️ 9 April 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

💵 Sign up for EveryDollar today - Create a free Budget! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 🏦 Take Your 3-Minute Money Assessment - Get a personalized money plan! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership 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 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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