Dave Ramsey

Posted January 21, 2014

Both state and federal taxes come with ridiculous penalties and interest rates, and the authorities at either level have virtually unlimited power at their disposal to screw with your life if something bad happens.

Posted January 14, 2014

Never, ever put your emergency fund into things where risk and volatility are factors. An emergency fund isn’t an investment. It’s there to help protect things that are investments and your life.

Posted January 07, 2014

I hate to break this to you, but overspending is not an emergency. If you budget a set amount in one category and you go over that amount, you’ve got to have something you reduce or cut out completely to stay within your budget for the month.

Posted December 10, 2013

Many times in life we try to accomplish too many things at once. One problem with this is often it diminishes our ability to focus. When you spend all your time nickel-and-diming everything, the result is that nothing gets done very well.

Posted December 05, 2013

Rule number 1: It’s not an emergency. Christmas is not an emergency, it happens every year. Don’t use this as an excuse to overspend and buy things you can’t afford.

Posted December 03, 2013

So, yeah, savings interest rates right now are aggravating. But you don’t have 3- or 4-percent-home-mortgage world without a 1-percent CD world. They kind of go together. In my mind, an emergency fund isn’t there for the purpose of making money. It needs to just sit safe and sound until it’s needed.

Posted December 02, 2013

The best suggestion I can give is for you to simply make these things irrelevant with your other marketing. Overwhelm potential customers with the quality of your service and experience.

Posted November 12, 2013

Kids are bombarded with messages about how important they are, and how they should always have what they want. It’s okay to have some stuff, but advertising and other marketing messages in today’s culture can make them think it’s all about them.

Posted November 05, 2013

Sometimes the best gift you can give a person is to let them wallow around for a while in the mess they made.

Posted November 01, 2013

Business owners must be passionate about their line of work because they’re going to be involved in each aspect of it every single day. Your vocation needs to be a vacation. Otherwise, it becomes a constant grind, and when that happens you’re in trouble.

Posted October 29, 2013

From a risk management perspective, which would you rather lose in a worst-case scenario: your home or your rental properties? If they’re in the same general range of debt, I’m going to pay off the home first and the rental properties last.

Posted October 15, 2013

I think it’s funny when people run out and upgrade on their $7,000 car to buy a $30,000 Prius to save gas. Think about it. That’s an extra expenditure of $23,000 to save gas. Where are you planning on driving, to the moon?

Posted October 08, 2013

I know a guy who makes $15 million a year, and recently he bought a $400,000 car. Now, I grew up in a small town in Tennessee. I can’t wrap my head around the idea of a $400,000 automobile. But as a ratio, that’s a very small part of his income. It would be like someone who makes $150,000 a year buying a $4000 car.

Posted October 05, 2013

Trying to keep a side business from blossoming into a full-time job can be a good problem to have though. It means people really like what you’re doing.

Posted September 24, 2013

Posted September 18, 2013

Don’t pay for property that isn’t in your name. Land contracts, or contracts for deed, are dangerous for the buyer and just plain stupid!

Posted September 10, 2013

That was a pretty consistent message around the Ramsey household as the kids were growing up. If you’re not working and making your own way, you’ve got nothing.

Posted August 13, 2013

My advice is to make sure you’re debt-free and you have three to six months of expenses set aside in an emergency fund. Once you’ve taken care of those issues, you can pile up a bunch of cash in a money market account toward the purchase of a home.

Posted August 06, 2013

Lots of insurance companies offer these policies because cancer is such a scary thing. It’s a hot-button topic, and many people have lost friends and relatives to cancer.

Posted July 30, 2013

Private mortgage insurance does nothing for you except pay your mortgage company in the event they have to foreclose on you and they lose money. PMI is foreclosure insurance that protects the lender, and you get to pay for it if you don’t make a 20 percent down payment.

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