Dave Ramsey discusses his investments, income, growing a business, and how he spends his real estate empire – Enjoy! Add me on Instagram: GPStephan | Follow Dave Ramsey Here: https://www.youtube.com/c/TheRamseyShow
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Graham this was one of your best. Terrific interview between the two of you.
Dave Ramseys practice of buying things with cash at the expense of losing all his cash reserves is a poor choice. When you deplete all the cash reserves you create bigger risk and cash flow problems. The advantage of taking out loans is leverage to improve cash flow. Also if he properly negotiated rates he could do some debt financing while reducing risk, increasing cash flow, and earning more with his remaining cash. I can’t take him too seriously when he makes major finance mistakes. The argument they make about paying cash for everything is you keep out of debt but they never seem to realize that taking on debt does not forbid you from making accelerated payments. I’d rather have the fixed expense of debt financing with leverage at the right interest rate WITH the option to pay down the debt at any time I’d like to save on interest. It’s really a no brainer. Gawd, maybe I should start a financial advise channel to actually provide good information to people.
The percentage formula is a nice idea, and the cash reserves for emergencies.
Graham Stephan, you’ve inspired me to make my own videos focused around helping people invest and learning about the economy and market from influential leaders!
ALL FOR THE MONEY SO HARD FOR THE MONEY RULES FOR GOLD OR GOLDEN RULE YOUR CALL YOUR FUTURE
Hey Graham, did you see this comment?
Crazy Collab. Loved it
Erik Satie
I rarely comment on good videos but my bro. Your last two videos are just great. Sad to see that YouTube is not showing your videos to my dashboard so I have to go through the search bar and type your name. It seems that after many months and days I will have to smash the like button and subscribe LOL! Which I am almost about to do!!
Is there an update on the best credit cards for this year?
Wow. So amazing! That was a phenomenal watch!
Like others have mentioned, this definitely feels like a huge milestone and I’m so happy that you’ve gotten to this level. To have worked to a point you got Dave Ramsey’s respect in this way, to interview with you is such an accomplishment! Congratulations!
Also….. It feels like this interview went much longer than the ~15mins here in this video, LoL. Lot of content that had to be clipped in order to make this flow the way it did.
Personally, I’m kinda curious what the potential “full version” may have looked like.
Nice job, Graham!
It’s recorded in Dave Ramsey’s studio and will be or was part of his show. Follow his channel.
My father is a CPA and always recommends the exact plan Dave Ramsey did of buying the real estate personally then lease it to your business. You are your best tenant.
Also, you eliminate the ”tenant” issue… The one thing you need to make sure in this scenario = Make Money ! (which is a prerequisite of a business, so it’s win-win, when you do make it). I wonder how the pandemic work from home culture has impacted him but from the pictures.. he seems to have prepared for it by being in the ”middle of a field” so you have community and likely the only employer around, and your business being your tenant you still get the tax-efficiency
@VonB He doesn’t work from home. People who want(ed) to work from home were ‘asked to find a new job where they could work from home’. Dave believes in the synergy and productivity that happens from workers at the office from 9-5. His parking lot is empty at 6PM, because he wants his workers to have family time when they are home.
Wow!! Great video!!! Dave Ramsey is the goat 🐐 !!! I never seen Dave so relaxed and humble in this interview. He seems to have a lot of respect for you Graham. Keep up the amazing work and thank you for all you do as well.
Sorry when did he lose it all like the title of the video says?
He did lose everything back in the 80s. But it wasn’t as much as he has now
Thank you
Graham, this interview was amazing! I’ve watched and listened to a lot of Dave Ramsey content, but have never heard him in an interview quite like this, answering theses kinds of questions before. Keep up the good work!
Great interview!
Awesome 👏
Ayo wtf was that at 15:40 lmaoooooo
Fun, thanks for doing the interview!
Man you got Dave Ramsey on here. I’m very proud of you man! Watching you this far in your journey is very inspiring! I learn alot from you! Keep going and don’t give up!
It is Amazing listening to his Logic/Thought process, thank you.
Graham, what’s your take on investing in real estate in a high interest rate market?
Nothing but respect to Dave but damn he loves a hood humble brag 😆
If you have the income Dave’s advice is good.
If you don’t, part of Dave’s advice is to get the income.
@Am I really THAT grumpy?? , well that’s part of the problem. Dave helps you manage your money but gives very little advice on how to make the money. At least from what I’ve heard on his show.
@John Dyer That’s why he’s got Ken Coleman.
Nice interview. I grew up on Dave Ramsey. I enjoy your videos as well.
I didn’t know that Dave Ramsey was this rich.
According to Dave Ramsey he’s that rich. Others estimate him about $200m
For every like it goes towards buying Graham a new dress shirt that isn’t squeezing his unusually large biceps
The issue is that he can buy things cash because he makes 15 million a year. Most of us use smart good debt to grow.
@William Arrington He pays himself more than that.
@Am I really THAT grumpy?? Then you have inside information not given to the public
@William Arrington Nope. I just don’t believe your $15 million figure was accurate. Where did you get that from, anyway, you must have made it up.
@Am I really THAT grumpy?? Google. It ranged from 10 to 20 million a year so I picked 15m. His company makes 562.4 million a year in revenue. You have to rememeber that his company’s value keeps going up. He has money inside of it for ventures so he only needs to pay himself 10 to 20 million a year. How much moeny does one actually need per year. 20 million is a big spend year after year.
@William Arrington There is no way this figure would be accurately reported on Google. Not a chance.
Salud 🥂
A few things I’ve learned in life are not to tell others how much money you have; another is not to tell others how much you make. If you do, you will be judged concerning this, and if you have alot you will be targeted by some, .besides being noted by the IRS.
I’m done sitting tight for the award advance since i acquire $23,000 every 12 days of my investment.
I’m thinking about investing also, any suggestions?
I went to one of their classes when they were planning to buy this new building. The class I took was in one of the buildings they had in a small shopping center. It’s cool to see the new buildings, I would like to go there again.
No debt and a pile of cash is a pretty peaceful way to live – amen mf dang 🙏🏼
Love to watch you guys together. Thank you for the great content
I love that you’re actually interviewing him. Awesome.
I talked to Dave on his radio show in 1993 in Nashville. I’m certain he doesn’t remember me but I asked for his advice on what to do with $5K I wanted to grow. For weeks a buddy of mine that was working in/on one of Dave’s early workshops kept trying to get me to go meet him to learn more. I was working for American Eagle Airlines, going to college full time, loading trucks at night for Burlington Air Express and serving in the Tennessee Army National Guard. I never made the time to go meet him. I always wonder what could have become of that meeting. Things turned out ok for me but still…
So much heat was given to Dave for using debt to grow his business but his message is priceless. He helps YOU get out of debt FIRST! Then you can scale. Great episode.
Legend
Follow Dave Ramsay’s advice until you are out of debt. After that never watch him again and regularly invest in a total market index fund or ETF. If you have credit card debt or any debt for that matter (except your house) you should not be investing.
Keep watching Dave for motivational quotes and entertainment value.
“JUST *30-years* ago … ?” 😵💫
El dinero es un tema que todo el mundo tiene para una vida mejor y lujosa. la vida era difícil para mí hasta que comencé con Bitcoin y ahora estoy ganando $9500 por semana.
Soy de Denver, Colorado, USC. Me conecté con ella y me ha ayudado mucho. Obtiene muchas ganancias para mí.
¡Cuenta conmigo, estoy colocando mis oficios con la experta Sra. Anna Rackley !
Nunca he visto ni oído que su cliente se queje de pérdida, creo que es demasiado perfecta.
Gracias chicos por sus recomendaciones, realmente busco tener su información, he estado buscando su información por mucho tiempo.
ohhh gracias realmente aprecio 🙏🙏
Bro looks like Heisenberg
My highschool had an economics class that used Dave as a source a lot. Watched a bunch of his videos.
Stock market Triple Witching day is September 16th sell now!!!! lower than the June bottom
I’ve enjoyed watching your TikTok clips & YouTube videos with Dave, Graham! I really respect you & Dave and your relentless pursuit to grow & improve daily! Keep it up buddy!
dude so many damn commercials
start investing in your subscribers ill give you 20% of what ever i make
Such a great interview. This caught my attention due to it just being slightly different content than I have usually seen and I really liked it! Felt like I gleaned a lot of amazing information from this. You interviewed him really well and asked some awesome questions and he gave some really insightful answers.
Keep up the great work!
Was never a big Dave Ramsey fan, I often thought of him as the Judge Judy of finance. This interview definitely has me looking more positivitly at him.
This was great
“You can’t put enough in your 410k to be a billionaire”
What is a 410k?
Life isn’t fair. Wealth disparity is real. Inflation is up, wages are stagnant, recession is likely. But, complaining won’t help you. Cut costs and spending choices. Build your skills and earn more. Learn how to invest and grow. Take control of your life.
And love other people? I’m assuming that’s what you are doing by writing that response and I’m hoping that’s what I’m doing by responding. Otherwise what has motivated the advice?
We all are interdependent to varying degrees and often significantly so. Retirees trade their stored time with the next generation for food, water, shelter, transportation, energy, etc. What does the next generation need to be successful? Is the determination of stored time fair? Is tough love and encouragement needed? Personally, going back to church and religion has been helpful for leadership – instead of spending time building a desk it’s easier to foresee the need for a table. Perhaps the next generation can invest in retirees leadership.
Do you have God’s will to run a triathlon today or not? I’m not so sure it’s entirely in one person’s control, but we are not ever victims when connected with the Infinite for sure.
Th1s sh1ts not real yo.
he doesnt believe in debt so that means he excpects people to pay 100% downpayment for their house?
I remember him saying the only acceptable debt that you should take out is a 15-year mortgage. Everything else Ramsey thinks should be paid in cash. Personally, I would not even take a 15-year mortgage because what if the property value crashes? Condos multiply in value just as much as houses and they are CHEAPER (less risk of bankruptcy).
Amazing video! I actually went to check out his channel as well. In one of his videos he talks with one lady about 529 plan. Then he said he’d open ESA for his grandchildren.
Not sure about your future plans but from your perspective, if young parents would like to save for college for their kids in future (not really knowing what the future would look like btw..), what would be your choice? Shares? Bitcoin would pay it all? Sell one of the properties when it’s time?
Thank you.
persevering through an amazing amount of pain!
I Think the neighbourhood DR came from is probably right really. The ratio is irrelevant really a £200k car when most people are struggling to get by is Greed and that is why his neighbourhood frown upon it. DR wealth is crazy and would be considered greed in any biblical sense in relation to most people. It’s a difficult one because human nature is so messed up. People struggle but more often than not you help someone they just abuse your help and take it for granted. I really think it is hard to sort that out in society, I do feel the rich need to be more charitable in the sense of supporting people to own something and making something for their communities, rather than just aimlessly giving to various charities where the money tends to disappear
Ramsay is a snake
Chinas economy still going lmao lair
Good to hear that we need to persevere and that it’s gonna take a lot of time because some people in my environment still believe I should be successful in no time… Too bad those people will never watch interesting videos like this one 😅
Thank you for this, it’s nice to hear people who know the real deal of life!
This is my favorite video you’ve done. Just sayin, cause I love Dave Ramsey.
Good advice but we are living in uncertain times there is no room for a mistake. Sure if you can afford it, go for it.
Great seeing old school vs new school. Both are great ways to live depending on the person.
Great interview! I’ve been following Dave since 2003 and that was the most personable one-on-one discussion I’ve ever seen him give.
This sit-down explains why the Ramsey show push the return to the office agenda so much. Eye opening. Lol
Was hoping for a bit of a debt vs no debt fight between you two but this was great either way. Love the content you both put out. Great job GS!
very good one thx wish it was longer
Old money talking here. It still can get you by.
Papa Dave!
looks like a lovely father and son chat
Greatstuff!
I have been waiting on this forever!!
The best time to start a business is anytime. Don’t worry about things not under your control aka the overall economy. Just start, push, grind and don’t stop. Sure, there WILL be major setbacks, but in the long run, very long run, you can succeed. Ramsey with no debt and all cash is a good way to go even if you need to start off super small.
Graham looked so nervous!
Thank you so much for this interview, pls don’t think about doing books reviews
Boss moves
“No debt and a pile of cash is a real peaceful way to live life”. Dave Ramsey 2022
Sound easier than done
@L S it starts with no debt and a little bit of cash. Live on less than you make, so your money will grow. When you invest consistently, it might turn into a pile. Don’t follow hypes and keep the course.
I can seat and watch your videos all day.
Will love to see the minority mind set and you guys in a collaboration.
Story of my life but without the happy ending at least for now and of course, a lesser amount. I now have this phobia for investing.
@Marlena Jarnagin wow I know this little lady. Once attended a fundraiser she was also in attendance in Vancouver,, Great speaker with a funny accent,, She’s American though, I doubt she works with foreigners,,,
@Marlena Jarnagin Thank you…
@Kaitlin Mel This right here is the second time I am coming across this name in a week. Came to my school for a program and it was lit and yes, she has a really cute southern accent.
@Kaitlin Mel Guess she does. I am neither from there nor do I stay there hahaha.
@mason roberts 👍
You can love him, you can hate him, but you got to have respect for papa Dave.
Although I can appreciate Dave’s advice, I think it’s disingenuous. He didn’t build his wealth in the stock market. He built it through real estate and building a business. He doesn’t talk about that. I think he should.
Congratulations Graham! I know you enjoyed that interview!
If I was to distil what I think most people’s beef with Ramsey is, I’d say that they’re not interested in investing or managing anything. They want to simply earn a living through working and want to have a reasonable level of comfort. Ramsey’s idea only seem to work if your end goal is aggressive investment in something like real estate. However, not everyone can do that. But they seem doomed to live in the worst places and struggle even to the point of living paycheck to paycheck despite earning what their parents might consider a “decent chunk of change”.
This was a great interview. Fantastic video!
Ramsey is the get-out-of-debt goat. Not so much the building wealth or taking high risk investments.
Taking high-risk investments is inherently stupid.
@Am I really THAT grumpy?? It’s not stupid. It’s risky. It’s worth seeing aside some money for higher risk investments, but it’s stupid to put everything into it
@Ben Schnose It’s not worth it at all.
My father ruined me
loved this, super refreshing to hear dave speak to you
So what exactly did he lose? Click bait
Not really – he did lose everything in the 80s.
Even with the economic fluctuation, I am very excited to have earned $25,000 on my $5,000 every 10 days
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for me I would say investing in Bitcoin was the best decision, I and my wife ever took because at some point we were running down and didn’t know what to do anymore, thanks to my colleagues at work who introduced me to Mrs Mabel Downey
@Emily Avery Thank you for dropping her tel,I just wrote Ms mabel and she responded nicely
I would have loved to see you at the campus, I live five minutes from there. awesome!
POTUS Ronald told a joke about a Rep. candidate giving a speech from a democratic platform while standing n a pile of manure in a village, 😂😂😂
Great interview, thanks for that.
“smash the what button?”
Real estate is a sh.t business right now . Save your money for crash
Google says his net worth is $200M. Why the huge difference?
awesome video Gram!
how to get rich = sell books on how to get rich
Dave doesn’t use credit cards….his assets are paid off. He could easily triple his net worth if he used leverage.