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The Ramsey Show

Don't Chase Money, Chase Freedom

04 Mar 2025

Description

πŸ“ˆΒ Are you on track with the Baby Steps? Get a Free Personalized Plan Dave Ramsey & George Kamel answer your questions and discuss: "What should I do after winning $3m?" "I feel pressured to buy a house" "Should I accept a financial gift from my mom?" "Is the time cost worth working two jobs?" "Should I sell my home to pay off debt?". Support Our Sponsors: 🌱 Get 10% off your first month of BetterHelp πŸ₯ Learn more about Christian Healthcare Ministries 🏑 Get started today with Churchill Mortgage πŸ”’ Get 20% off when you join DeleteMe 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! πŸ₯— Save 15% on your first Field of Greens order with code RAMSEY ⛨ Find top Health Insurance Plans at Health Trust Financial πŸ’Έ To find out more about student loan refinancing, check out Laurel Road πŸ’» Visit NetSuite today to learn more πŸ—‚οΈ Use promo code RAMSEY for 18% off at The Nokbox πŸ’΅ Learn more about Timothy Plan πŸ› Get started with YRefy or call 844-2-RAMSEY πŸ” Visit Zander Insurance for your free instant quote today! Next Steps πŸ“±Β Watch the full episode for free in the Ramsey Network app. πŸ“ž Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! πŸ’΅ Start your free budget today. Download the EveryDollar app! πŸ“ˆ Get tickets to Investing Essentials and learn to invest with confidence. πŸ“– Preorder Build a business You Love today. πŸ–οΈ For help with investing, get connected with a SmartVestor Pro.Β  🎟️ Get Tickets to the Money & Relationships Tour Listen to more from Ramsey Network πŸŽ™οΈ The Ramsey Show Β  🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour πŸ’‘ The Rachel Cruze Show πŸ’Έ The Ramsey Show Highlights πŸ’° George Kamel πŸͺ‘ Front Row Seat with Ken Coleman πŸ“ˆ EntreLeadership Learn more about your ad choices.Β https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Audio
Transcription

Full Episode

14.528 - 38.382 Dave Ramsey

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 actual amazing relationships. I'm Dave Ramsey, your host. George Campbell, Ramsey personality. Number one best-selling author is my co-host today. You jump in. We'll talk about your life and your money.

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38.582 - 57.197 Dave Ramsey

The call is free, and some say the advice is worth exactly what you pay for it. Yeah, jump in. 888-825-5225. We'd love to talk to you. Tonight, for those of you listening live through one methodology or another, we're on about 83 different platforms online. of different kinds with this show.

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57.698 - 82.957 Dave Ramsey

But if you're able to listen on Tuesday for whatever, Tuesday evening, we will be doing the Investing Essentials workshop tonight. George and I just came out of a rehearsal. This is about a two-hour event this evening and tomorrow evening. Tuesday and Wednesday night. If you buy a VIP ticket, you have 30 days worth of replay. You can watch it over and over and over for 30 days.

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83.518 - 104.482 Dave Ramsey

So no rush, no problem, whatever. But you do need to get your ticket if you want to watch this evening live. He and I will be doing investing tonight. Tomorrow night we'll be doing investing in real estate. And George is loving this, bringing out your – I know you look very GQ on the surface, but underneath we know you're a true nerd.

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104.622 - 115.286 George Kamel

I love it. Just watching Dave unpack a formula, I don't know, that's my new hobby, I guess. But it really is. It's stuff we've never talked about on this show, mostly because you thought it was too dry and boring.

115.326 - 116.007 Dave Ramsey

It's too nerdy.

116.727 - 127.309 George Kamel

But then people went, no, no, no, Dave, we actually want to know, how do you select a mutual fund out of all the investment options? We're going to cover that. It's too nerdy. How do you calculate the cash-on-cash return to know if the investment property is worth it?

127.569 - 152.423 Dave Ramsey

How do you do an internal rate of return on a piece of real estate? It's too nerdy. But I do it all because I also am a super nerd. So a couple super nerds tagging up tonight, Investing Essentials virtual event. My pastor used to say, a man with an experience – is not at the mercy of a man with an opinion. I own about $600 million worth of real estate. I'm 64 years old.

153.103 - 168.874 Dave Ramsey

I've got a lot of money in other investments as well. This is not something I wish I knew something about. I can't fix your car, but I can tell you how to do this. Because I have done this a lot.

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