27 Burst results for "Ramsey Solutions"
I Have $50,000 Left Over From College Scholarships
"In the lobby of Ramsey Solutions Jona joins us for the question John Holliman. Ramsey thank you very much for taking my question. Sure what's up? So in a little over week, I'm going to be starting my college experience and I'm in a very fortunate position to where I'm receiving hundred thousand dollars towards my college cost Lloyd ago. Thank you however through a number of merit aid scholarships that four year total is going to be about fifty thousand meaning the residual is kind of up there and that's my question is. In the four years that I'm in college. What should what should I do with that fifty thousand that remains Where you going to school that? Ole Miss Bonus or what are you studying chemical engineering with a potential double major in Mandarin Chinese of course. Goodness. Gracious. Wow smoke. That's fun well. Here's the thing. Joni you. The amount of money you can make investing fifty thousand. Pales. In. Comparison. To What The To to what your degree is worth. In the marketplace, so you are a better investment. than. Mutual Fund is. Now granted. We don't need that fifty thousand and we don't think for you to graduate. Now, without debt but if the merit scholarships dropped for some reason, this fifty thousand sitting there not invested Is or not trapped in something is worth more as an insurance policy on you getting through school without that then than any amount of money would make. So let's say it may ten percent Sharon cry so you'd make five thousand bucks. And you. So you'd make in four years you make twenty grand correct, which isn't spit compared to what you're going to be making absolute. Be My. Hope. I think that's fairly predictable with you. Sir. So the You know what you could make on. That is not as good as making sure you get through debt free. So if you WanNa just park it in a mutual fund or a money market account you can if you wanted to put it in a low risk, low volatility, mutual fund or some kind that's fine but you could still lose some of it. I would not put it into retirement account I would not put it into a super long term thing because then you're going to be tempted if you get squeezed to borrow instead of using that money. And again, you're the magic sauce not investing. Investing long-term become the magic sauce, but it'll come from your income that you're going to create. So pretty incredible situation you got yourself into. This is neat. Your Mom and dad did a great job obviously without much merit scholarships you did a great job. So those are academics a lot of them. Yes yeah. Okay. Very cool. So what is the deal with the Mandarin Chinese you want to go on the mission field or something? No. So That's actually through a federally funded program at Ole Miss this a flagship. Mandarin Program, and so I've studied Chinese since middle school and it just so happens that as I was searching for college that program popped up and I was able to go there, visit them at a really good impression and. It seems as if they had a good impression of me. So but I mean, you didn't have there wasn't like mixing that with the chemical engineering and some way that you had a certain goal. It's just you've enjoyed the language exactly Oh. Okay. All right. That makes that makes sense. I thought maybe the two together we're taking somewhere. I didn't know what you were doing. Okay. Might might be international business of some kind but Wow and what a great language to know in today's world. Absolutely. So very cool. Why Shop Guy Man thanks for coming by.
Google Career Certification Versus College Degree (Who Wins?)
"Article. From INC magazine about Google's recent announced if you missed this, this is really exciting. Google has plans now. To come up with their career certificate program for a while and they recently announced that they're launching it. It's called Google career certificates. It is a collection of courses. That will help those who take courses get qualified in high pain high growth jobs. And they don't have to attend. A college or university. That is significant folks. Not, because it's a brand new idea. This isn't a new idea at all. To offer. Certification Training that don't require a student or participant to darken the door of a college classroom and it gets them qualified this not a novel idea. The reason that this is so significant is because Google is behind it. We're talking about one of the most powerful companies in the universe. Massive brand awareness massive brand credibility. So when Google says, Hey, we're launching a certification program trust me. Parents adults like you who want to make a transition. You aren't doing what you love and the only thing standing in your way is. Stage two of our seven stages which is getting qualified. It's all of a sudden. This is going to be very accessible. Now, here's the deal just a few details. It's a six month program. So all of these certifications are running six months and at a fraction of college costs. No here's how this is going to change the landscape. This is going to threaten higher education. Make mistake about higher education is going to have to pivot. They'RE GONNA have to get more innovative and start off. Education. In the form of Real, life? That allow students to say, Hey, I'm not stuck in college debt and can't get a job I. I'm not dead it's affordable and casual my way through it. And I'm now going to be able to step into something that I. Really. WanNa do. This is what Google is going to do. They're going to change the landscape. Now here's something else that's going to happen. because. It's Google. Other companies. I believe Ramsey solutions will eventually do this. But other large companies will say. What we're going to create our own job training program. We know we're, hiring for character. And a culture fit. And then we can train people. Who have the raw talent we can train them for the skill that they need. To win here, and that's what we need out of people. Companies are going to start to go If Google's doing it, we can do our own training program. That's GonNa Really. Change. Things. Folks. When kids can come right out of high school and get right into the workforce for good companies. Because companies go. We don't really need the degree requirement anymore we're going to step up our hiring game and our interview process. And we're going to hire really quality people's we're looking for character here and good culture fit. Personality fit. PASSION FIT And then we'll train them on the actual skills. And you're GONNA see companies that are hiring. More and more go you know what? We're going to drop the college degree requirement. But you do have to have this certification that's going to be good for you the worker.
"ramsey solutions" Discussed on WHAS 840 AM
"In the lobby of Ramsey Solutions on the debt free stage. They're here, Philip and Lindsay her with a sigh. Guys, How are you? Welcome. Where do you guys live? Lakeland, Florida between Tampa and Orlando. Know right where it is been there several times. Well, good to have you visit Welcome. And here to do a debt free scream. How much have you paid off? $60,000 in 18 months. Good for you. Range of income. During that time I started out just under 90,000. And by the end we were making 150. Nice jump in 18 months like somebody got a job. What happened? Notion? Ah, poor big promotion Right At the very beginning. I went from a copilot work to a captain. And about six months later, I became a check airman, which is the ability to teach at work. So wow, Very cool. Very well Done. Thank job, you guys. So what kind of debt was the 60 K everything but student loans, everything but on a familiar cycle. Um, credit card. My we had to finish the rest of my car payment. Got that knocked out the water machine water purification machine. Right after we got married that we got sucked into your talk about that. Of course. You know they're kind of normal. Pretty much you were married almost years together for nine. Okay, So after a year or so, a marriage, you look up and you go. This sucks. We gotta do some. What happened? What broke? This was about half a year in We make decent money and for us to have negative 17 Cent in our bank account at one point just didn't add up. Right. I upgraded to captain. Actually, we're sitting down doing the math, and it's like this doesn't make sense. Why? You know all the bills were paid, and we had dinner on the table. But there was no money. No money. We owed money. So, um That was kind of a big wake up call for us what you do. Well, I played down bunter notecards got our bills figured out timing of them How much money we had left up and told him we're about, say no for a A little while you suck it up. Let's he grew up in church the same as I did. And so we both had heard of you over the years. But ah, never really applied that to ourselves, and Lindsay just started watching your YouTube channel and was getting some good information from there. I came home one day and said, Look, this is what we're gonna do. So you either get on board or get out. She.
Deep Dive on Dave Ramsey's Investment Advice! (Financial Advisors React)
"Yeah Brian. So this what is going to be kind of interesting? We sort of asked the audience out there. Hey, you know we've talked about Dave's investment advice in the past. Would you be interested if we did a bit of a deeper dive? What are some things that are good where some things that maybe aren't so good what's our take on it and there? Was a resounding yes. From the audits that they wanted to hear it. So here we are to share our thoughts I feel like we need to lay out some ground rules though I mean we do live in Franklin Tennessee and we're kind of in the backyard of the big dog himself Dave Ramsey, and here's the thing you can't live in our parts and not have. Neighbors, people you go to church with you know there's a lot of you know of Ramsey solutions that are all in the community, and by the way if you were here thinking you see a show were Ramsey solutions are Dave Ramsey is trashed. You're in the wrong place. We have tremendous respect for Dave and I think if you even as we poke holes in some things that I think Dave is going to astray on and you can improve upon there is no doubt that Dave has done more good to the financial world than anything else if we just wanted to kind of look at some of this quick accomplishments, he has over fourteen million listeners to his weekly radio show he sold over eleven million bucks. He has this says, this is from the website over eight hundred team members I know that just because some friends whether it's like nine hundred and fifty employees think about like how many lives is impact in this? Is just absolutely remarkable more than five million folks have gone through financial peace. University. So if you do this exercise awhile backbone I can't remember you saw speaker somebody in you named out some big brands you'd come up with one word to describe them, and so if you throw out Ramsey solutions, what's the one word that that comes up in my mind? It's debt. Think Dave there is nobody that gets you out of debt better than Dave Ramsey. So what I'm trying to figure out those we know Dave, does so much good with getting people out of debt he talks about the eighty percent that's behavior that yet twenty percent that's in your head. What does that mean towards investments because is, is there space to know that there may be some additional things that you ought to consider? Yeah. So one of the things that I think is amazing I will have a family members or relatives who I tell them all the time about, hey, here are the things that you want to do to like get a credit card debt or pay this off in no matter what. I say how communicate somehow it doesn't doesn't sit with them but in all of the sudden church offers like financial peace university, go through it and they come tell me how you will believe what I just learn their own far for the concept. I've been telling you this for like months and years but what ends up happening is they kind of get through that interational and they do say okay now I'm ready to. Start Building Wealth, and this is what Dave said about investing, and that's where I always have to kind of say. Oh, well, maybe that's not exactly perfect. So let's I. Want to go a little deeper because Dave does talk about the eighty percent. This behavior twenty percents head space will there's also I think it goes beyond that is that we know that the lion's share of Americans struggle with basic things what I consider. Commonsense of they can't get out of debt. They don't have the disciplined understand it, and we've often said there is and you just mentioned it. There will come a graduation or a jump off point where you need to go beyond common. That's right. So I, think that's where we fit in. We are not the eighty percent or the portion of the public that struggles with basic behavioral stuff we know that our audience are maximized. Money Masters we know that if this doesn't hit you, it's just you're not there yet we are focusing on the twenty percent that wants to make sure every dollar in your army of dollars has a purpose and knows what they're doing and you WANNA maximize it. So that's what we're going to focus on, and that's what we're going to look at it through that lens to see how does Dave's investment strategies? How do they fit in what we know is financial advisers about wealth creation. So if we're GONNA talk about areas where possible he misses it a pasta hits at one of the questions you might be asking what is Dave Ramsey's investment advice so we actually went. Out to Ramsey solutions and I think this is on Chris Hogan's website, and he basically lays out how to diversify your portfolio. If you're structuring investment portfolio, Dave likes using mutual funds, he likes using active mutual funds and he thinks that an investment strategy should look something like this twenty, five percent and international twenty, five percent growth and income twenty five percent aggressive growth in twenty-five percent and growth that certainly sounds easy. Doesn't sound like that's a hard thing to put together. Well, it sounds very broad and it sounds very growth oriented but I do like I think this is something that got fine tuned Chris came in as part of Ramsey solutions is he goes a step further. Tells you what are those broad descriptions like aggressive growth growth and income? Is there a large cap mid category international? So what's what's the deeper dive on that? So if you look at the details growth and income, these are the big companies is the ones that have a market cap of ten billion. Well, if you were to ask us the money got show rebound wealth what that is that's really large-cap. Holdings large cap US companies well, then they said there's this growth asset class naturally tends to be companies that are somewhere between two billion to ten billion dollars. Well, we would just call those mid sized or mid cap companies, and then there's this aggressive growth high risk high returns. These are companies that are smaller they're less than two billion. So we just call that small-cap now, all three of these are us. US large cap us mid cap small cap, and then lastly there's this international bucket companies that are outside of the United
Podcast listeners 39% more likely to drive a hybrid
"Co Friendly podcast listeners thirteen nine percent, more likely to be hybrid tribe, US kind where three hundred two billion dollar opportunity for the US auto market, says Nielsen highlighting that ten and a half million podcast listeners was shopping for a new car at the height of the pandemic restrictions in the US. And exclusive APP. Company Maple Media. Which purchased PODCAST APP PLAYER FM on April the thirtieth has bought another android podcast APP podcast. PODCAST has had more than half a million downloads player fan more than five million. We're told a formal announcement is to be made in the coming weeks. Megaphone will now offer attribution standard for ads books through the megaphone targeted marketplace, following an agreement with Hod sites. taught joined a media analyst for Bernstein has decided. It's unlikely spotify will generate much earnings from podcasts and has downgraded his rating on the stock. It's not the first time. He's taught spotify down this year and he's been wrong in the past. Has Launched the third edition the Audience Awards which is open to Spanish speaking podcasts we to the rules, and if you are eligible podcast, Buf- until July twenty six to enter your show. At world says it's the world's largest online advertising advantage scheduled for November the second to the fourth with over fifteen tracks including one on podcasting this year you can get an early bird pass now for just thirty nine dollars, apparently, the final price, two, hundred, nine, thousand nine hundred dollars. Nominations are open for the podcast awards. You can vote for anyone you like. Though you know. This podcast is in the politics and news category. Just saying you've got until July, thirty first to vote dressed to to vote to vote. ANDROID, user someone I've read Hacker News is building an open source android podcast, APP, and they right I was wondering if I can add any specific features to make it more interesting for frequent podcast business. You want to tell them we give you link in our show notes and our newsletter today and Ramsey solutions are looking to grow their team of speakers, writers and broadcasters I'm in the legacy. Stage of my career has Dave Ramsey where I now get to share my success and platform with this next generation of speakers, authors, some thought leaders and helped them be successful.
"ramsey solutions" Discussed on KTAR 92.3FM
"The lobby of Ramsey solutions of the Slavic is here Hey Slavic how are you in grade this number now saying your name wrong now you're you're almost right now I'm scared I don't know his Islamic groups like Islamic verse on my full name because you know it's hard from how I probably would never get there thanks for let me all right I appreciate it all right so where do you live Sir I currently live in Springfield Missouri very cool Erica what is your country of origin a Ukraine Ukraine wonderful area welcome good to have you Sir how much data you paid off twenty five thousand dollars wow how long did that take about a year and a half to one point seven months got it very good and your range of income during the time sure so I started off actually sixty thousand dollars and then ended at sixty six thousand dollars so my will what do you do for a living well currently I am a interpreter for Russian Ukrainian back in Springfield now makes sense yeah I enjoy it but you know after the corona thing it kind of you know drop the decline how are yeah yeah okay so I'm kinda work picking up jobs here and there you know just kinda keep keep Mike I'm going because I was actually gonna be a missionary back to Ukraine yeah after paying off my debt which is why I did it good for you how much data you got I had I had twenty five thousand I have zero no I'm sorry what kind of date was the twenty five oh yeah so it was medical data and student loans but the most amazing part about medical part is that so can I explain how sure sure so I I was going through a really difficult time because I don't know where I was going in life and twenty two thousand eighteen and I was going through a master's program in cyber security and during the middle of it I got into a huge car accident and I dislocated my right hip completely inside to crawl out of the vehicle and you know wait for the ambulance to pick me up and you know I spent three days in the hospital and there was like the most kind of like you know what like changing surreal moment in our life I guess coming from Ukraine was one thing being becoming an American but you know another thing becoming a Christian was another but this is like a really crazy moment and in the hospital I started listening your show I've heard about you for a long time but then I started listening to some reason god really led me to you and after Sir listening to you I was like I gotta pay off my debt you know because I had that from my undergrad and then you know I don't have that for my masters going through it but my undergrad was you know the hefty and then I also had medical loans from being three days in the hospital eighteen thousand dollars but then I got a job in my computer job first off sixty thousand dollars and then right in the middle of it as I was paying off my student loans I was forgiven my medical debt of eighteen thousand dollars because I made less money I was like looking a poor range there's a Catholic hospital so the Galatasaray you know saw the guy I mean you know a certain amount of money less than you know the the poor little or something which is you know just finally care but it was a miracle that I was making some less money so I could pay off my medical that the god could do it and then I could just focus on my student loans wow so the past year and a half two years I spent just paying off my student loans you know through that through to computer jobs while very cool good for you good for you I know if I get sick I'm going to a Catholic so what's the future look like now okay so like I said I I feel like I really told me if I really if I wanted to really serve in full we have to pay off my debt and I was going back to be a missionary for a year in Ukraine back in Ukraine and I couldn't do it until I paid off my debt well I was going to do that in April and I have my plane ticket to go I quit my computer job hall you know and then I look at my ticket and corona thing hit and they just kind of showed every world government down and so I just been kinda in Springfield Missouri you know translating interpreting which I had the job before I paid off my debt which was a blessing you know and so while doing my while working for my computer job I really I I was miserable Dave it wasn't my gifting it wasn't my talents huh and and so during it I discovered you know that I had to make a you tube channel so I start so I started a YouTube channel I can Coleman you know said to do your passion and I found my passion and trying to wake people up to the constitution the bill of rights and you know when to bring Americans back to the founding of the United States and also you know I I I want to help people understand how we are in the end times and we're in the midst of a New World order and that Christians we need to get ready because there's a international conspiracy against the United States against the whole world and so the YouTube channel took off yeah it's a go a well I mean this is still a few subscribers it's called liberty or or death show yeah but I didn't go very cool so what do you tell people the key to getting out of that is I would say just stick to your plan fully I I really did that I I've budgeted my money really well I learned it from you you know I know whenever tell me money not my parents not even within the church people but you know it was through being in the hospitalist into your daily that I learn about money and then I started you know looking at all my dollars I I won on every dollar happened I I said that if you want to talk to him because I taught in prison and then the homeless ministries about your plan well that's all they need to download every dollar and need to get on it because we'll take you three months to get it and that's why it took me three months and then I was going and so that's what got me through it is listening to your show daily and staying on the planet being goal driven so how long have you been a citizen says he doesn't seven okay all right very cool good for you ma'am it's very very well done I love it well congratulations thank you we're proud of you hero well done thank you got a copy of Chris Hogan's book for you every day millionaires as the next chapter in your story for sure thank you you are on the way and on the way the mission field as soon as this world seals off on the phone while you to get over there yeah so can the system sure for yeah I just wanna tell you Dave that you truly you know Jesus change minds of spiritual I my internal but you truly changed my financial life and and truly maybe become into the man that I am today you know just to be really you know to be responsible with money and I don't think you realize this but you got to give you a gift at the right time in the in the city of seventies and eighties because I read your books IRA QS Saki's books and you guys came at the right time for you guys to know each other new intersected and I believe god brought you for that reason so you can wake America up to get out of debt you know so that we don't get you know destroyed by this trillions trillions of dollars at the international bank or is put a cent into this death slavery system yeah and so I you know I don't know if you realize it but you know you don't understand how much of a gift you are to the United States well you're very kind should I think you are and I'm proud of you for I mean we teach a lot of people and not everybody does it.
"ramsey solutions" Discussed on 710 WOR
"There are people in Ramsey solutions surgical site to see human beings it's been happening for several weeks but I never thought I would be just so grateful when being so good to see you out there from all over and all you people out there your damage on the other side so I think we're glad you're here speaking of which on the debt free stage which means they probably are Nick and destiny or where this from Saint Louis Hey guys how are you okay welcome welcome your dad freon yes younger much you pay off of sixty five five thousand dollars and how long did this take to because forty two months all right and your range of income during that time start off at thirty and ended up at eighty thousand what will I jump somebody got a job just great after we first got married I moved up to where he was stationed and I don't have a job at first it was just his income we started the car that was the third yeah now we're both work yeah you're both going okay sure to military yes Sir go which French Air Force cool thanks for your service thank you it's very nature and you guys have been married how long before years next week okay so right after you get married we start the debt snowball we start attacking the death yes absolutely tell me your story what happened yeah so we actually were going to a barbecue to learn more about the area where we were stationed to meet people and they mentioned that their house was paid for and we were like well that's weird and that was really cool to us and they mentioned how do you know Dave Ramsey and I was like well I've heard of them growing up in the church remember financial peace but we didn't really you know pursue anything and they told us about your book the total money makeover and we went home and Nick was really on board I wasn't so much because I don't want to sacrifice at all so he comes out yeah he was really excited about it but that kind of started he read it and then we started listening to podcasts and YouTube like crazy and we just got really fired up okay so what sucks you in he started on board but you took a little while what brought you back around yeah I think it was just the idea that we could have this life that we had wanted I grew up with a lot of debt and my family and I just never thought it could be possible to live without debt so when he really you know told me about everything it brought me around so Nick everybody's always ask me how do you get your spouse on board I don't get my wife on board I don't get my wife from work your professional getting your wife on board how did you do that persistence I know you you realize how much you are exactly you realize how much you have you know when you think about your financial future because personally I wasn't really talk too much about finance is growing up so when whenever I heard about you guys and you know got a hold of your book I was like we we have to do this and of course being persistent she obviously wore down I love it a lotus F. one technique that uses that technique made some effort to do the look like you need to stop talking about this every day Chris I did give you a so what kind of sixty five thousand dollars for the debt was this cash and credit cards we both had a lot coming out of college car loan that bill for a cat furniture and then student loans were the big one okay so you just kind of normal yeah just sneaks up on you and you look up you're sixty five yeah yeah you have that moment radio crap moment right you said it's a vet bill you didn't finance a cabbage when it's not bad allow you to live yes okay while so what was it that made you all say this is enough no we're going to we're going to do this yeah well like I said I didn't really learn about finances too much growing up and then you realize one day you do want to stop working it's kind of hard to do that if you have so much debt at the end of your time working so we both knew that's exactly where we wanted to be that's amazing I saw you all hold a little motivation out there and allows greater I'm sure having kids changes things well I'm towards the tail end but yeah I think I have been realizing a week he's going to go to college one day that definitely was a big motivation I was just got real yeah sure yeah absolutely so how does it feel now that you made it it's unreal honestly weight lifted off our shoulders and yeah you know we just we look to inspire others now to do the same thing so you have people over for a barbecue telling everything's paid for exactly now everything one barbecue changed the whole story and it's amazing what you all can't I want you to continue to talk about it it's not bragging it's factual yes the you'll learn by what we're hearing from someone else it's so you guys share that information with friends let's hope to change this country and you do that when we have time to talk about how hard it is because it is hard right so what do you tell people the key to getting out of that is and while one is the budget and sticking to it and for us that cash system really works well we did envelopes pretty much the whole time oh wow and I think physically like what you talk about seeing the money being spent it really was a mental change for us and then what we wanted to focus on and then also just keeping your why and mine so breast yeah that family plan and thinking about our son and what we wanted for the future and and just not wanting to anybody anything man yeah a man I love it well good for you guys very very well done so the total money makeover booked it at all yes Sir all right very cool we're very proud of you we've got a copy of Chris Hogan's book for you every day millionaires that for sure is the next chapter in your story you just finish one chapter you gotta keep going yeah so because there's many make eighty thousand if you're any payments those people who have money now love three guys are heroes yes your heroes for for.
The Power of Asking for Help
"Hey guys denotes hardy here. I know a lot of you. Listening to this podcast are not necessarily in a leadership role today. That you hope to be. Your hungry to grow and learn and figure out. How at some point, you can have more responsibility to carry the water. Well I'll tell you. My own story I I've been with Ramsey solutions for about sixteen years and I started here not in a leadership role, but it really entry level sales position I done sales before I, enjoyed sales, but kind of always aspired to the leadership thing. But I didn't have a lot of background in that I was really young. I actually had dropped out of school and. Everything that I've learned about leadership really has been the result of mentors and coaches. And other people who were leading giving me advice along the way. In fact, I don't think I'd be in leadership had I not early on developed the habit of asking for help. On talk about the power of asking for help. If you WANNA learn something. You can learn anything you want to learn. And I believe in books and I believe in online courses and all that kind of stuff is really good, but if you really WANNA learn. You've got to find people who are great at the thing you want to be great at. And get their time and get on their radar and ask them to push into you to make you a better leader. That's how this works. If I can look at anything as a habit. That I can point to go if I could reduce it all down to this is the advice I would give to any young spiring leader. It would be the habit of every day every week asking for help. Asking for Hey, can I get lunch with you an interview and ask you some questions and then going back and actually putting that stuff into practice, not just one time, not just one mentor that anybody you can find and let me tell you. Everybody can teach you something even if they're not formally in a leadership roller, even if you wouldn't adopt, every aspect of their life isn't what you aspire to. You can learn something from everybody, and so if you're teachable in, you're hungry and you apply this habit. You'RE GONNA transform. You'RE GONNA. Become a better team member. You're going to become better leader. Here's why this is so powerful. When you ask for help, it communicates that you're hungry. It also shows that you WANNA grow. And in my experience, it's so rare for people to actually say. Hey. Can I get time with you and go to lunch and learn? It's so rare that you're gonNA. Stand out among your peers. So, when an opportunity comes up, you're going to be a little bit more top of mind with the decision. Makers who are thinking about who can help us with this project is somebody that we can hand this ball to. They'll run with it and prove they got what it takes, and that's the stuff that that shows everybody. I think I have this leadership potential thing, and it gives you a playing field to actually run on so. Here's the thing that. I got to give you a little bit of like from my side of the seat today. Because I'm fortunate that been leading for Awhile and now people are asking me on a regular basis. Can I go to lunch? Pick your mind. It's never this profound thing and I don't have all the answers, but but I do get asked a lot and there's very few people that do what are about to tell you that I think is really the secret sauce. There's plenty of people who asked when people say. Can we go to lunch and Envisat and I'm always happy to do that. But the number of people that afterwards. Actually. Follow through on what we talked about. It's actually pretty rare. And if somebody who wants to know that my time is spent doing things that are fruitful and really adding value. The ticket to continuing to get time with somebody you know somebody that you want them to be a mentor of Yours. If you just take him to launch an ask questions, and then don't ever talk to him again or don't let them know that you appreciate the value of what they gave you. Odds are the probably not GonNa Continue to mentor you, but if you want to continue to get their time, it's really simple. He got do afterwards as cinema. Thank you. Let them. Know How much you valued which has talked about? The second thing is go freaking. Apply what you learned. Go put it in practice whatever they told you to do. Go do it. And then here's the key. Two to three months later. And is super rare I've had this happened a few times. Just let me up when I got these notes, but Sinon note saying here's what I've been doing. Over the last two to three months, we had launched the other day. Here's what you told me. Here's what I went back and did. Here's the value at created in my life. I get that from somebody. They're going to get lunch anytime they want. They're going to on my schedule. They're going to be on the list of people that get around the gatekeeper because I know that they're actually going to follow through in their hungry enough to go do what we talked about. So if you want to get ahead in your career, if you want to level up and become a leader and take on more responsibility. Communicate. You're hungry. Show people. You want to grow show. We'll do whatever it takes. Meet them wherever they're at on their schedule. You meet them at their favorite restaurant. You meet them at six in the morning. If that's what's convenient for them, you sacrifice whatever it takes to go out and get in front of them and do it in a way that's convenient for them and then follow through. Let them know that you actually replying the stuff that this mentor. This coach, whoever it is the advice they gave you because they're giving out advice. All the time and a lot of people aren't listening to them, and if you listen to him, he'll show him that you'll listen into You're going to get more of their time more. The time is going to mean more conversations where you get the tools that you need to grow do that. Work your those muscles. You're going to become a leader.
"ramsey solutions" Discussed on The EntreLeadership Podcast
"Small business owner to tackle this whole corona virus situation. So here's Daniel Tardy with our chief production officer here at Ramsey Solutions Blake Thompson guys dino tardy in the entreleadership team here at Ramsey solutions. I'm joined by our very own lake. Thomson Hey Blake. What's up? Man perhaps jump in India Blake's our chief production officer and Man Almost twenty five years here at Ramsey solutions. I mean you've seen it all. You basically started this thing with Dave in the early days it was just a radio show back then and now. We're a thousand person company and two hundred million top line eighteen million listeners out there and nationally known brand. I mean you've seen the whole journey and Man The stories you can tell and I've heard you tell some stories that are gut busting funny. I'd love for you to just tell our audience take us back to early on. I mean we're going to jump into like where we're today leading times of chaos Blah Blah Blah. But I think people really want to know like what was it. What was Dave like back? Then what was it like? Getting off the ground It wasn't all just rainbows and sunshine back in the day. Yeah Tell you the truth. We started with Dave I knew of his show but I didn't listen. It was called the money game during that period was nineteen ninety-six and I was in a job. I couldn't stand at the time I'd come out of college a couple years before that newly married wanted to get into broadcasting. But that's not what worked out after I walked the stage. I thought I'd just get the dream job and didn't happen so I had to get into something just provide for my family and grind and he reached out he wanted to take his show syndicated Outta just Nashville. He's doing great Nashville. He's beaten rush limbaugh Nashville and during that time. That was huge. So we knew he knew this message would be good for The entire nation not just Nashville so we wanted to take this show national so he reached out to this little Christian school that I went to Vaca Nazarene College at the time now university bigger than it was then He was so pleased with sales guy had hired that he thought he'd go check their first before. The trades are in the you know the media area and I had stayed in contact intentionally With a professor there. If he ever get that thing you think I'd be good at or perfect for me. And we prayed for for years and she reach out to me on my little pager one day worst day of my pager were say my job look down. West mccollum finally got a break. Had Two guys not show up. I'm running like crazy in this business and called them and they said. Have you ever heard of Dave Ramsey? No well He's a local radio. Show guy if you've heard of the money game and I go. Yes there's this Sports Bar loved to go to and there's an advertisement in the men's bathroom. This guy with a chain around his neck and goes are you bound by debt listened to the money game. I go no. I know exactly who you're talking about. My professor wants short. Said he's looking for a producer to help his show go national and me and my husband listened to him all the time like this is this. Is the job you? This is what you've been praying for this. Been what you been wanting something where you love what you're doing and you're helping people. She knew that was my heart. And I got to meet Dave and back then it was. The interview was me and him. Because zero seven people in the office over in Brentwood and set across from and Dave had three piece suit of looked like the professional baker. Kinda guy that And we had a great conversation and he sold me on the mission And tell you the truth the pay it was a major pay cut for what? I was making in the nineties. Newly married twenty five years old. But he's like. Hey this is what we make do everything by cash But this thing is going to be big and I'm called to do this and he sold me again on that mission and I was like. Hey the money's not a problem I will take the cut if I if I can get on this train with this guy and I did another interview that a spousal like you guys talk about. Entree leadership The spousal was with my wife and Dave and Sharon in His kids Daniel Ramsey now running. Fpu You got Rachel. Who's a personality here there in the booth behind us at the like nine? And maybe six in denise the oldest so it's cool to look back on those days but when far as the early days We would drive round trip forty miles every single day from our office to a little closet studio to do the show. And because that's all we had and they were going to build a studio without cash what you're nineteen ninety-six. Again. He was already established in Nashville. So I came on started. Run the board with him. Being the phone screener reason he hired me is because he had a local board operator by the station. That was like okay. I worked my four hours or my three hours. I go home. It wasn't like someone working in the business with him on content in. How do we get the right calls? And how do we grow this thing? And how do we get syndication? So that was the early days and it was tough. I remember being in a meeting. I've told the story an entree years ago. I was in a meeting with my suit too because Dave had his suit on with ahead of. Wgn radio I mean one of the biggest radio affiliates in the nation Vice Presidents in the room engineer. That's been with a forty something years. It's kind of like the staunched just kind of like you're scared to talk to him. When you have a problem with the little radio show you're doing And Dave Was asked by them when he said the meeting was set up to go. I'm taking the show national You guys can be the mother station. But I'm taking it. National and that engineer looked across the table. And said well how you GonNa pull that off technically. Because we're we got our hands full and Dave pointed to me. I'm twenty five year. Old Kid. My suit he goes. He's going to do it. All these bigwigs in there and I I literally just like I went home that night and told my wife. I think Dave thinks I'm way smarter than I have. No clue what I'm doing but what it did is Dave Smart. Dave threw me in the fire. And he's he's going to he taught me scrappy then. We're GONNA must down a wall. I'm going to work with you on. We're going to do this together. But it made me have to figure out how to do the thing and the first thing was just get a little device that we dialed up our first local radio station. Our first affiliate was Oakridge Tennessee. Small Station and We started there and we thought this thing would just spread like wildfire in weeks. Then it didn't do that. We had to put the leg workout in grind and make that happen so funny. I love that that's inspiring to just here like what you and Dave saw early on and and how you've built it to where this thing is today is just. I mean it's such a testimony to your tenacity your vision use the word scrappy. I want to dive into this a little bit more. Because you know nine hundred ninety six that means you guys went through all the panic around. Y2k and then all of the issues with nine eleven and then everything that happened in two thousand eight and now we are here. We are again two thousand twenty in midst of another big market disruption because of the current virus. And so. This isn't your first Rodeo. You've you've seen this before you talked about being scrappy. I think a lot of times in in peacetime and things are going good. We get sophisticated but when it gets hard we gotta get scrappy. Say More about like what is it about being scrappy. What does that look like? And what did you guys do back? Then that was scrapped Someone asked me today. What's This is new for US. In the production world. This Going home and working and This this virus. Have we ever seen anything like this before? And we really haven't We haven't ever had in our company. It was work from home The the closest thing and you mentioned this I can compare it to is In in the media world was nine eleven and what we did there was We had to do a shift in the way we did things and couldn't be business as usual. We didn't have to go home per se but we had to listen to the market and they didn't want just Business as usual baby steps. They were scared they were like. What's going on Dave became in the show? Became that outlet of that for the nation People like do I pull out of You know the the the stock market What do I mean the big fear? We've never seen before before that hit and so just like today we have to change. What were maybe the messages we have to work? Hold our production team and our megaphones to be available for people to give them education to give them hope in so if anything. This has made this time where we have to get a little more scrappy. Because it's not business as usual. We're not just going in our studios with all our production teams. We're like how do we keep being that for America that platform and that that voice but continue not only are normal episode rhythms? But like with what we're doing here. We need to be doing more of it. We need to be stepping up more. Why everyone else's silent And that's what the beautiful thing is what you're doing with bringing the people in and so what's that look like. Now it's tough. We're in a studio. Yeah but we got a skeleton crew. That's working at home and then coming over here being safe about it knocking it out. I got people doing production in their houses Personalities WITH LITTLE RIGS. We had to make with a phone camera or a Law Mike that hooks to it. You GotTa think out of the box instead of we're going to just go dormant we're GONNA go silent We're going to hope. This just goes away in a week. Now we're going to plan on this going to be around for a while. So what can we do versus leaving in fear or up? We can't do business as usual. So we're GonNa just wait and see what happens a lot. Lot of scratchiness production team last two weeks. I've been inspired by you and your team. I mean literally Maybe not quite duct tape and Baling wire but I mean just whatever it takes to get gear together and continue pushing out hope. You mentioned hope. He mentioned us being called to deliver hope in the marketplace. It seems like anytime. There's a crisis that all the media outlets Goto the fearmongering and the drama and sensationalizing everything. That's going on and what I've always loved about Dave and you know this like he runs the opposite direction right. He goes so far extreme to the other direction of like no. It's going to be fine. The Voice of reason the Voice of hope in the midst of all the fear. How do you experience that you know when everyone else is going that direction and we're going upstream you know Dave has become like my second father. You you think about a Guy. Start at twenty five. Who's almost fifty and mentor him?.
COVID-19: What Employers Need to Know About H.R. 6201
"Hey this is Alex. I think one of the things that were all realizing right now. Is this whole Corona virus situation? It's developing so fast like every single day if not every single hour and so WanNa make sure we're doing our part to give you the most up to date information about how our company is handling this but also how we see small business owners around the country leading through these uncertain times so we're going to be releasing some bonus episodes where senior leaders here within entree leadership and Ramsey solutions address them in the big topics and big questions surrounding the whole corona virus. Issue make sure you subscribe to the Entree Leadership podcast to get these bonus episodes at the top of your feed and here is today's bonus episode guys Daniel Tardy with the entreleadership team here Ramsey solutions. And I'm joined by our Mondo. Lopez Armando is our executive director of. Hr here at Ramsey solutions. And he's a good buddy and I wanted to bring 'em in and Armando Man. What crazy times right now in the world of HR yeah? I don't think we've seen anything like this Certainly in my career man. So let's say in my lifetime. That's probably true. Overlap there I imagine so. You guys know as business owners One of the biggest expenses that every business has is their payroll and entreleadership T- entreleadership. We teach that your biggest asset that you have is your team and so we're always talking about how to build a team and how to grow team and how to how to hire But right now we're just getting a lot of questions from you guys about. If you need to exercise the option of downsizing your team to kind of make it through the storm and man that can feel really scary. And we know that and Sorry that that's so tough for so many of you guys right now. It sucks. It is not a fun thing to be facing but face it with the data. Face it with some good information. We want you to make objective informed decisions. And that's why I brought in Armando to answer Some of the legal ease and things floating around especially about the bill that came out last week the HR sixty two a one There's some implications in that for small business owners so essentially Armanda my understanding is. There's some exemptions for business owners if they if they choose to lay off their team yep absolutely so I think you and Sarah already talked about putting people first and and you've already talked about the Karen concern that we as a company take With our team members yes And so I. I don't need to go back through that but What makes these conversations. These decisions hard is that there are people involved on the other end. It's right so while the bill does address some of financial concerns I. It's still hard conversation with that. Team member And so sick. Hr Sixty two zero one pass last week on Wednesday. It only applies to small businesses so these are businesses with five hundred or less. Okay five hundred or less you members. Okay so if you're under five hundred then you qualify under this bill. Today participate a couple of special provisions for companies with less than fifty so in less than fifty have a couple of nuances. That are a little bit differently but really what? Hr Sixty two zero one says. Is that if you have less than five hundred team members and you've got to lay people off or give them time Because they're sick or they think they're sick because they have a family member impacted by the Corona virus than you have fourteen days that you can take payroll tax credit and now the question always comes up what if my payroll tax is not enough so I don't have enough that I can take a credit right now with the government is saying is that they will actually issue you a check for the surplus of. He will get money back for that. Is that when they file next year or is that I mean when they go pay their Their payroll taxes so for most of our entrepreneurs are online. Right now there would be a quarterly payment quarterly. Okay so there. There's different options when you're thinking about you know. I think a lot of business owners right now are just even calculate the pros and cons of layoffs furlough keeping people on With without as much pay or partial hours and things like that Can you just talk through? Like what kind of what are the pros and cons of? If I'm saying layoff versus furlough for example is so layoff is not enough work for the business. And you truly take off payroll Almost completely if you reinstate them then they get their vacation time in other words you bridge that gap of employment so so if it never happened A furlough is I keep you on benefits. Okay and and now if I'm a that offers benefits and we are then we would pay our employer person portion of those benefits still okay and we could even opt to pay the full mount so furlough if you did that option. You're thinking okay. This is really tough right now. We don't have enough work but in two months we will. We believe we will. And so we're not letting you go. You're actually still a team member and we're just not able to pay you your paycheck right now but you still get to review your benefits having to go do Cobra or things like that where we're helping you get through it at least with the benefit benefits yeah. I don't know how many of our entrepreneurs out there have hourly team team members and so if you've got hourly team members and you just don't have enough hours for them It's hard for them to go right now and file for employment if you haven't separated them so if you have said hey all I'm doing is I don't have enough hours to give them. And so they're not really terminated. But they're not really getting any hours and so they don't have any money coming in for some of those cases. You might be better off going a furlough or a complete severance as the relations. Let's it'd be clear they if they're doing furloughed. They're not eligible for unemployment under a furlough arrangement in some states. They are okay. So have allowed that to qualify for an unemployment. Check with your local state on that When would it makes sense to activate doing pay cut? Maybe we've got half the work that we had And we want everybody to scale back and it's a weird conversation but it's kind of like hey. Do you want to work for half of what you've been working for to do? Maybe more work right now. Actually because it's not necessarily the amount of work but it's not a revenue coming in and if we're having to make cuts as a team to get through it. How do you navigate that? So you know it's funny Dinner you know this. But I'm in all these. Hr publications and like most of you. I'm sourcing in reading and talking to people that are in. Hr that have been friends for for a long time and a lot of states have a required. If you're going to drop someone's pay you have to give them notice in in those notices range from seven days to thirty days and so this is. There's not enough time right now to do some of those things. Some companies are wanting to make this voluntary and there are some states that are kind of lifting some of those restrictions But it is so specific for that stadium and our HR publications are warning against Acting too quickly. Okay against doing some of these things now even though you have a team member that says I'm willing to work for fifty percent less. If there's nothing documented there's nothing that says they're volunteering for this You've dropped someone's pay without any notice given could be recourse later if you didn't have that documentation so if the team is is truly a team and they go. Hey leader whatever it takes if we need to work for fifty percent to get through this. We're with you. We got your back. I would say that documented and and have them right up and sign. I'm choosing to do this and that way. It's not something that might prevent something in the future right We have such great people out there and you have such great employees out there. Some great team members that that are saying hey rather than have anyone get laid off. I'd rather take less money And it is not unprecedented. These kind of economic troubles have happened before. Companies have survived them by the team railing. And saying I'm willing to take a twenty percent pay-cut or I'm willing to take no vacation or burn up vacation now early So that for companies that are accruing vacation that money's already accrued so they can pay out of that vacation fund and and not have to incur. That cost today.
Nearly 1 in 4 millennials report having $100,000 or more in savings
"Is an article from Fox. Business and it is entitled one. Fourth of millennials have a hundred K. And the bank. A fourth of millennials have one hundred K. The bank now. Let's calm down here a little bit and realize it's a fourth okay. And so I'M NOT SAYING. All millennials But a fourth and buy in bank. What they're talking about is it saving for retirement Which is invested is the technical phrase that we would go with. But I like this. And it's got some interesting stats. The numbers are based on the Bank of America's twenty twenty better money habits millennial report and just so. We're clear because I if you're like me act can get confused when people start throwing out millennial Jax Gen Y. element of P. And all the rest of them. I mean there's it's confusing but get this according to this article a millennial can actually fall between ages. Twenty four and forty one. Oh that's probably surprising. Some of you. Yeah so a millennial A lot of times people think. Oh these are all very very young people And don't get me wrong. Forty one his young That's like spring chicken type young but for the sake of this study. That's what it is. So all that to say millennials are not necessarily so young anymore. The report found that millennials will beginning to save for retirement at age twenty four which is a good thing that means the message is getting out there. People are understanding they. GotTa get their own Cape. We're not waiting on the government to try to save the day We're doing stuff and I liked that. That means the message is moving. But get this. If millennials started saving at age twenty four which is around the time people get their first big boy big girl job. That's a good thing but Gen xers started saving it age thirty and get this baby boomers on average started saving eight thirty three so I like this trend. I like the fact that things are trending younger and people are making things happen but again. A quarter of millennials have about one hundred thousand save for retirement And I liked it. They're saving earlier than most other generations. I liked that. They are thinking ahead and they're thinking about their future And and and maybe they've heard me talk about and the trend out there that's been in the news. At Social Security is supposed to be insolvent by twenty thirty four twenty thirty five and so this is a situation where people are going to have to make sure that they're putting aside money for themselves to prepare for the future but it's not all good news. Millennials still have some money troubles according to this article. The survey showed that not including home loans. One in six millennials. Oh fifty thousand or more in debt. Oh okay that's not including home loan so you can go with me here in track where this would be. This is probably student loan. Debt this car loans and credit cards about seventy five percent. This one this one's stuck me about seventy. Five percent of millennials aren't confident about their money situation. Wow now that's hi. We're talking about almost eight out of ten aren't confident that means. They're not really understanding what it is that they're doing or or were there going. The trajectory that they're on millennials are though willing to sacrifice a staggering. Ninety percent of millennials said they will make a sacrifice in order to achieve their goals which is an excellent thing because it is necessary. You can't achieve a goal without being willing to make some sacrifices along the way these sacrifices could range from according to the survey Eating out less or not going on vacations or even being willing to work. That's good. Well here's my thing no matter of your age or your stage. I want you to be confident about your financial future. More importantly I want you to be rock solid in your plan. What's the processor working? Now if you're plugged into me and two things that we do here at Ramsey solutions you know that all begins with the baby steps a clear path for you to understand exactly what steps to take when to take it and how to get there. That's a game changer. It's a recipe for success. And I think when you have a plan and you have clear focus you can begin to have confidence. You can begin to move in the direction and you can know that. Hey this is the path that's GonNa lead me to where I wanna be and that's a positive thing so again. This article so interesting read From Fox business and the title of the articles afford the millennials have one hundred K. And the bank as always we'll put a link to this in the show notes That are watching on YouTube You can just click the link below. It's GonNa get you right over there. Take a read. I think it's really important for us to kind of continue to read. But more importantly let's share this information Share it with ranch. Talk about this. I think money is a thing that we all have to deal with and how effective we are with it really determines our results so I want us to begin to have these conversations and by all means do me a favor if you've got some young people in your life whether you go to church with them there in your neighborhood begin to talk with them about money. I'm amazed a lot of people. Assume that young people learn about it at home? And that's not the case. That's why we have a lot of young people walking around on college campuses signing up and doing things because they didn't know any better or they thought it was a grown-up thing to do. So let's share this information and I think you can help young people to prevent making some of the mistakes that maybe we all made in the past.
"ramsey solutions" Discussed on KXNT NewsRadio 840 AM
"Of Ramsey solutions camera and John for the sake guys how are you doing good Sir welcome welcome where you all live so we're just south of in about an hour south of Savannah but of the hall up to Nashville yes Sir well welcome good to have you and all the way up here to do a debt free scream yes love it and how much should be paid off we paid off a little over a hundred and eight thousand dollars very good and how long did this take thirty months good for you and your range of income during that time so we started out around a hundred and six I had a career change right the middle everything drops down to about eighty and we've brought it up since then back to a hundred and eighty okay cool what do you guys do for a living so run a work with the family pest control business and I'm a program analyst for the TSA okay very good good for you guys very cool what kind of that was the one white it was a little bit of everything most of it was student loans we had two vehicles in there we had several credit cards the T. S. P. long you name it we had it while very good okay so did you sell any of the vehicles we did what you sell sell sell the truck your truck sold the truck so my tractor it hurt ouch ouch and we also sold our home yeah wow yes Sir I had called your radio show we were thinking about buying a family property and I was really uneasy about that because our mortgage is going to go up and you had assured me that what we were doing and you laid out a plan for us and everything is worked out just the way it it we talked around the area wow very good very good she got the family property but got rid of the truck in the tractor yes or yes okay and now you're debt free except the house not yet right and how long have you two been married will be ten years since September have you ever been debt free since you got married no no no not even not even close even before yeah love it okay so what happened thirty months ago that lit the fuse because you guys blew up ma'am yes we did Dave Sir we have a a nephew who is four years old now but at the time he was one and he was in foster care and we cannot afford to fight for him and it's up to me we had to let him go back into this into the system put through this we were able to get him back really yes so Bentley is our our fourth child we are still in a fight for him today oh wow yes okay so you've you've got him back but you don't have adoption yet not yet not yet not yet you physically got name you're taking care of him is part of the family but you're having a finished the legal work exactly okay and he was a nephew yes show of you then then Jonah yes okay Gianna yes John I'm sorry okay good wow Hey that makes it worth it it does that's something a five four that's worth fighting for that that's were shown a tractor tractor truck phone nine hundred percent now and you'll get another tractor truck there's only one Bentley that's right exactly yeah all right very good I'm proud of you guys and that's also a big Y. right there so that gives you a reason to fight scratch and claw and I was on ground on it yes in during the middle of this to everyone of our siblings except for one got married source so we had to cash flow over quite a few weddings yeah but everything worked out in god's timing which is great it's just perfect in that so whenever we got the call to come pick up and leave in the middle of the night we were there yeah we were able to do it now absolutely wow very well done you guys very well done well that's good motivation what do you tell people the key to getting out of that is the the key is to make sure you and your partner on the same page the budget you know you have to follow all the steps as you lay out written but if if one person is I'm going to do this and the other ones not so much is is not gonna work you shall try that not so much part in in the very in the very beginning okay it was it was a little difficult but once we started you know feeling light we could actually do it and things started rolling a little bit he got a lot easier okay without the only by on the bus who is dragging her feet which one of you it I would say in the beginning she wasn't dragging her feet she was just reluctant now I'm not really sure it was okay you're such a smart man Dave we have never done a budget before right we don't even know what that was and so Cameron have found you only need to have brought the idea to me and I was like you know it sounds really good but I found F. B. U. at our church and so then it became idea it was it was your idea was okay okay a budget monster went the other way about six months and can like I am so proud of you I'm glad that you like doing the budget but can't do it every night constant it is you're killing me here here killing me so I love it we ended up you know just doing out a weekly meeting yeah and it was it's been much better yeah while well you may huge progress and for a very very good reason and you did such a noticeable things people around your friends and family had to notice trucks gone the tractors gone jobs are being changed I mean there's so much that's visible what what you did so did you have more cheerleaders or people saying you're crazy I would say I would say nobody really said and you guys are crazy but they you know you can tell that I like it okay that's that's nice I just don't think this is going to work for you but I wouldn't say that anybody told us and you know now you you're doing the wrong thing right everybody seem to be open to it but just Arianna are sack lunches got picked on a lot of work a bit longer but I had some really good friends who were out biggest cheerleaders my three girls at work they are our biggest cheerleaders and soon friends of ours for back home that week coach baseball with okay warehouse yeah the U. group too yes hopefully yeah on a good very good and how about these two guys have they been involved yes yes Sir and their names and ages said this is bury his stand and this is Connor he is eight okay I M. Bentley is how old feelings for them at least for now yeah okay in an apartment when you started this before okay wow wow all right so he was a baby he was one years old when we started one now wow what a journey on a journey and four years old good well we hope we get to see him one day around here saying this is good stuff all right guys we're proud of the way to go very well done your heroes we got a copy of Chris Hogan's every day millionaires book you will be.
"ramsey solutions" Discussed on 710 WOR
"Art of the Ramsey solutions group here's the personality of getting a buzz here and also I wanted to look at some some people in the lobby that have been over Baker Street cafe eating cookies that I've made for them Melissa will somebody does good is that it may come as coffee if you're in the area come by and see us live we would love to see your smiling face shake your hand to take a photo and you can come watch the show yes yeah we have a new headquarters here outside of in Franklin Tennessee outside Nashville and we have people from all over their arms up high into their debt free scream racial you have been very excited about an article because you've I'm ready to talk about this thing for a few minutes what did you find okay well this article came out on Inc dot com okay and it just got me because the headline for at ninety four percent of millennials say that this is their number one live call so I was like okay what is their number one life goal is it for filling relationships nope is a building a career of their dreams nope is it starting a family nope experiences no number one okay top life goal is to be debt free really yes a thousand millennials are surveyed and that was the number one it's a ninety four percent of them said to be debt free so millennials their behinds basically economically financially speaking so they've invested at last in the four oh one K. plans them both Gen X. and boomers their age they spend twenty three hundred dollars more than Gen x.'ers and boomers mostly on credit cards when it says which while my millennials we do better than that the other number one life goal is to be debt free and I think about it like yeah I mean it makes it makes a lot of sense because out of all the generations specifically with student loans I mean debt that has been normalized we've seen some studies where they kind of have a backlash because their boomer parents went through the Great Recession and like all that but it is still such a normal normal part of life but as you can see normal is not good like it's stressing them out I mean they were saying sixty seven percent of them they have it it affects their ability to focus on work twenty three percent said they have physical if financial stress caused him physical pain like be become physically ill on a weekly basis sixty eight percent said they have a negative impact on the relationships because of stress like friends and colleagues so my dad is not it's not a mathematical thing always no no one talks about the emotional side of debt and how much it takes for me to quote you again I quoted you last segment how can I coach all the time sure you said that that is a thief yeah it is true because it just doesn't just steal your income it steals your peace of mind centerfielder sleep at night when you owe someone something things change and so this article just proves it to me I'm like listen obviously what we're doing millennials is not working right well I'm I'm proud of you a that you're quoting me I think because I'm here with you typically you kind of make them sound as if it's yours so you steal a great deal never but here's the thing I look at that article I think a couple things I'm surprised that if they want to be debt free and I feel like it's from a couple of reasons you're right the emotional strain and stress but that they have the awareness of the threat of death yeah you know and so I think you're right to student loans we've got a one point six trillion dollars situation with student loans yep and so for these young people I want them to know you can't pay this debt off you know it can feel like it's this solid weight around you that stealing your joy in affecting your sleep but if you will just get plugged into financial peace university we will show you how to walk to systematically and do it now I also have to defend my millennials there or listening and and to that Chris Hogan show because I'm talking to young people Rachel that are twenty one twenty two that have paid off student loan debt or gone to school debt free and they're at their intentional about it and so one couple that I've talked to their twenty eight twenty seven they paid off two hundred thousand dollars in student loan debt and what they did was as they lived off one person's income for a solid two years the other person's income went straight toward debt and so thinking like that we can clean this up we just need a plan absolutely I'm invited to be seen adversity is that plan for sure it's a good average Z. dot com or call us at triple eight two two piece to get your membership started today because it is it it is a guided plan and it shows you what to do so those of you that are struggling with student loans on average your caring thirty five thousand dollars it can seem so overwhelming but do not lose hope I could have next is Courtney from Ohio Hey Courtney welcome to the show eight X. technical absolutely how can we help yes so I should be debt free here very soon and I'm planning on buying a house cash until we get a mortgage something about possibly buying like a mobile home just I don't have a right I mean it replied more store closings for the house and is one eight your life on the best way to go about buying their account a house cash well I'm gonna tell you this I like the idea of the true on this path Courtney how much debt do you have left right now nine thousand five hundred okay and is that all one debtors at multiple there's multiple okay what is a break it down for me what do you owe on it so it is eight thousand dollars in credit card and sixteen hundred student loans okay is the eight thousand on one credit card you got multiple moldable words okay and what's your household income right now my friend forty four thousand okay so I like the mindset that you wanted to get out of debt I think it's imperative that you do that before you even think about trying to buy a home as you know we listed that solve all approach someone attack its smallest to biggest but on the home that you're talking about I love that you want to buy it for cash the thing about a mobile home there's a couple things number one that's a vin title type of thing which means you're going to need to find land in which to put that on and most of them need to be attached to a permanent fix foundation so you're going to have there's a difference between mobile versus manufactured so I would say do your homework but I want you to get out of debt then build up a fully funded emergency fund of three to six months expenses then you'd save up to pay cash for the for the home that makes sense yeah I don't do it don't do it out of order and if you pay off these debts shut him down my friend now you have to call them and that that's going to be it you know you don't have to work hard to get them to close them out but close them out so you don't use them anymore that we keep you on pace to live your life on your terms not necessarily worrying about what the mortgage company or the bank to say according I would also say to look into something because mobile homes are always present they don't so I would say to to really look at your options it's okay maybe if I. rants for maybe two years save up on the side maybe I'll have a good down payment or maybe enough to go buy something maybe a very small one bedroom home maybe not the best part of town but you get less expensive that way right to go the whole cash route that's what you wanna do but I would definitely look at your other options besides just fixating on mobile you know what I had a friend that bought some land he bought five acres he paid cash for mobile home Kate brought it out got it a fixed on the property and then he saved up over three years to build his other home he was able to sell the mobile home or he I think it was like my first mother in law or something like that but don't don't quote me on that love it UP next is Christopher from Ohio Hey Christopher Walken to the show for technical absolutely how can we help I'm so grateful for situation are just out of the military in November and I am twenty eight thousand dollars in credit card debt and I just bought a new car on Monday hello thirty five thousand under right how much are you are you working right now hello I'm currently waiting for disability to return from the VA okay what made you gotta get a new car my wife is gonna start working on we wanted to have two vehicles K. you mentioned your disability what happened Christopher yes I'm gonna back injury was diagnosed with depression and anxiety yeah and I'm sorry to hear that I appreciate your service to the country but but what you've done is you've tried to medicate your injury what stuff and it didn't work out because at the end of the day your back is still going to be entered until you get there be in the treatment and that stuff's gonna keep piling up brother that twenty thousand credit card appreciate you calling in because if you hadn't you to blink and you've been at forty eight thousand and that and so you've got to stop look trying to cap stuff fix this I would reach out to go talk to someone you need to talk to a counselor.
"ramsey solutions" Discussed on KTAR 92.3FM
"In the lobby of Ramsey solutions to ride on the three stages fell and the gale our weather's welcome guys how are you I don't want to have you guys were the live along the Missouri also welcome to Nashville and all the way here to do a debt free screen yes Sir cool and I how much have you paid off hundred thirty nine thousand six hundred and fifteen dollars seventy cents I love it along with the state two years eleven months okay good and your range of income during that time I would say fifty four thousand now on we're at about one fifty wow thank you John yep okay cool what I'll do for a living I help out with middle I'm sorry miss middle school administration my official title is homeschool communicator okay and Gail I work for a hospital patient accounting department great okay we had a sizeable jump in income in the last three years we got married well okay all right what kind of that was the hundred forty thousand I would say primarily student loans and taxes hello but taxes okay who's who had the most right here okay all right go all right you guys got after this I mean that's amazing that you paid how long did you get married two years eleven months ago at two years she's a lot two years and two months actually okay so you started right before you got married then yes finish it up after well it kind of goes back a little further actually when I met cell if we had not on Christian mingle and one of those profiles was that you had to be in a place that you wanted to be emotionally physically financially spiritually healthy moving towards that okay Dave Ramsey was all across the profile all my gosh okay I had not heard much about you I've had a few people from work mention you and so when I'm not well I was kind of a place where I was a single mom I own a home that really was too much house for me and so I was at a place that I needed to get out from underneath that house and so thought walked along beside me and helped that happened so he gets paid off before me about seventy five thousand dollars after you close the business and so I trusted him to help me walk through the process so that's really how we met that's fine yes very cool well look at you guys all grown up part of that original doubt that we in addition of that in addition to that so I was down three before we officially got married yeah fun very cool so what do you tell people the secret to getting out of that if you had a fabulous experience here for me I I I I I start off by saying is temporary read this one year read this ten years is temporary you have to be willing to take a step down to take a step up in terms of Christ I feel as though if we do our part Chrysler do his part and two more things you have to be willing to retrain yourself in terms of how to manage money and the last thing he is listening to the show was a big part of it and what I mean by that is it was it was like free therapy to meet every morning first thing in the morning I would either listen to the Dave Ramsey show or I will listen to a a church sermon so that that that's what motivated me and they offered for you for me it was making sure that everything that we did with strategic we thought long term not just short term solutions so everything from whenever we were dating and we knew that we were getting married I stopped taking PTO time at work because I knew I'd be paid out to be able to use that money whenever we got married every single stop other iced step down into an apartment on purpose take a look at a town house had more space but it was every single thing that added to us being able to get her quicker seven five thousand cuts definitely definitely do it all at once temporarily that we move forward for future and David documents in a few more things arm for me and I I some kind of emotional when I say this after awhile guilty the process I actually went home and I picked up a total of five job the one full time and for part time job yeah so I was working probably a hundred and four hours per week over the side jobs mentoring intramurals you name it I did it okay helping people move you name it I I did it all okay but the other thing after walking deal through the process I went home and within six months I stole all my furniture except for my bit **** said and I actually movie in which to college students so for two years I live what college do goodness yeah yeah so at the age of forty five I was living with twenty five year old yeah you wanted out bad yes Sir there's no I mean you went all the way wow that's crazy I love it that's amazing good for you now that you're there you went through all of this to get there was it worth it absolutely yes Sir absolutely how's it feel great amazing race I tell people all the time and I don't say this to brag basically all we do now is put checks in the bay yeah because arm outside of our normal expenses I mean we don't have any debt I mean we don't have anything to spend the money on it so seven for house yes I when you're on the go that's right so you're actually have your control of your money it's your money absolutely yeah well done you guys so well done very proud of you who are your biggest cheerleaders for me once I move to Columbia at J. and Stacy Bryant one they were huge part of my life to work for the pharmacy that I came from Columbia and worked at any chance but I had to do overtime they're allowing me to do it anything that I could do and then as well as in our form church family for me I would have to say Christ my beautiful wife right here I have to tell the world I mean she's definitely a proverbs thirty first one and I would have to say my good friend Todd Robinson might principle on Bernard sodomy good friend George Clarke and also Cathy Robison very cool yes our good job you guys very well done very well done we got a copy of Chris Hogan's book for you every day millionaires that is your next chapter in your story you're on your way become continue to live like no one else so later you can live and give over like no one else put yourself in a position to do that very proud of you great job you too thank you thanks cell and Gail Columbia Missouri a hundred and forty thousand dollars paid off in two years eleven months making fifty four to one fifty counted down let's hear a debt free screen three two one thank you Jesus we're.
"ramsey solutions" Discussed on WWL
"In the lobby of Ramsey solutions on the stage Matt and failure with this Hey guys how are you great all right welcome welcome what do you guys live when a Georgia fun welcome to Nashville and up here to do a debt free screen yes Sir I love it how much have you paid off hundred forty seven thousand dollars awesomeness and how long did this take for years and one month were years and one month and your range of income during those four years one hundred to one hundred seventy awesome nice jump what you guys do for a living I make a communications and I'm in healthcare supply chain excellent very cool both great careers good for you guys well done what kind of that was the one hundred and forty seven thousand all our mortgage wow you paid off you're gonna we're it's crazy how old are you guys thirty to thirty one paid for how soon it will she what is this house worth about two ninety what fine dean dean well done you guys excellent man that's S. three paid off houses in a row on our debt free screams today all by youngsters all by people thirty seven under wow I'm so impressed very very cool so tell me the story how did you know to do this decide to do this what happened well your name has been like a household name for me with my parents and also my grandparents have been really kind of doing your plan before there was Dave Ramsey plan they told me when I was younger that you know they both worked but basically just went off my grandfather grandfather's income and just you know save my grandmother so they've always been you know women blow their main so I took that to heart from early age yeah no very cool so you were kind of group of financial beach may be a little bit all right and so what happened how long you been married seven years seven years yes and I definitely did not grow up with a few in the house or heard of Dave Ramsey before hearing this guy and the first couple years are for marriage we weren't really on the same page financially and have never had any budget meetings anytime I would spend money at target he would say what is this for you know why you're sending thirty dollars here fifty dollars there and so we decided it was about time to buy a house that we looked into your program more seriously or I did and that really found that it was going to be a successful for us and I it's just so helpful every month meeting and being on the same page and I did and really knowing where every dollar goes no new changes a communication especially young marriage absolutely in every marriage but especially when you're brand new to get things kicked off okay so wow very cool you too pay off your house where do you feel feels amazing I mean it's just when those things are going to talk about on that you just have a you know feeling that like those that since that of your being tensing your shoulders feels like it's it's gone and it's just it's onyx or explainable answers rebel feeling now there's a piece and I know when you guys can work together in accomplishing the goal to that tells you a lot I give you confidence to face whatever's coming in the future so very very well done well you're highly successful in working the get out of that plan early thirties with paid for house went when one of your friends goes and they're kind of like half sarcastic but also have one no no how did you do that you know what do you tell I mean if we take that sacrifice you know and just focus I'm I kind of say that it's a short term pain for long term gain yeah you really gonna just you know bite the bullet and do it and then you know it you just feel like you said just that relief off your shoulders and amazing and it is you know people can't believe that we do when we tell them we paid off our house I think it's a mess you know they have to live their mortgage for ever and in the you know some people are our age you and I hope to encourage them indefinitely leave and lead them in your direction and tell them they can do it they just have to have focusing communication and you know it's it's possible so focused communication the whole processing and sacrifice act act and those are the keys what else I mean nothing for us in the beginning since we weren't on the same page and that was something that as we move closer and obviously you know followed a few that was something I think was like our biggest turning point was just being on the same page in communicating because before you know I would just you know which is much I just got drawn every little thing and I was by way too controlling and no not you yeah I'm I'm your honor so that you know what comes out on trouble keep on Tuesday that's many so I have heard my wife to make sure that we have some fun that's very well and I'm here to make sure we don't eat dogs in retirement so there you go a man what's a good balancing act it's working for you guys probably you guys very well and who were your biggest cheerleaders I well we actually got Bailey sister here she's wrangling to kids and not him down to support us and my parents have been very supportive and my parents as well yeah our whole immediate family really it's just been such a blessing okay very cool very cool well congratulations we are very very proud of you very well done thank you now you want to try to the kids are somewhat Rangel do you want to put him in the picture yeah see if we can get him and what are their names and ages we have that Natalie over here is is to you in a half moon and then that we have Emelia over there and she will be one on Saturday you have an email yeah we have in a million yeah yeah the liver that's awesome they're beautiful thank you very very cool malice and practicing for awhile she does I love it well I'm sure Madeline's ready all right very well done you guys all right a hundred and all we got a copy Chris opens book for you everyday millionaires next chapter in your store he rose here you go I love it all right a hundred and forty seven thousand dollars paid off in four years and one month make and one to one seventy counted down Madeline let's hear a debt free screen one to three three well done you guys very well done it's not lost on me I hope it's not lost on you guys as you're listening that I take a call from a twenty three year old who has two years left in college is just got merry's watch making one twenty and we can't afford a piece of real estate he's not ready to buy a house and the next thing that happens on the show is a thirty one and thirty two year old step up on the stage make in one seventy between there making sure his bank here that's a lot of money they paid off their house in Atlanta Georgia in four years going from we live in an area we can afford to live all the way to and lands on cheap city I mean it's no Silicon Valley but it's not cheap city and I've got a paid for house in their early thirties with two little babies I mean if you will do a little bit of math on that you will realize that I'm it's very important where they are today but where this can take them when when you have a little baby that that low baby's life is changed forever because if you just invest a house payment from thirty five to sixty five that's gonna be ten million dollars typical house pineland us two thousand Bucks a month you do the math you put.
"ramsey solutions" Discussed on AM 1590 WCGO
"In the lobby of Ramsey solutions on the each year with the state welcome welcome what do you guys live when a Georgia welcome to Nashville and up here to do a debt free scoring yes Sir how much have you paid off hundred forty seven thousand dollars awesomeness and how long did this take for years and one month for years and one month and year ranger income during those four years one hundred to one hundred seventy awesome nice jump what you guys do for a living I mean correct me cations and then healthcare supply chain excellent very cool both great careers good for you guys well done what kind of that was the one hundred and forty seven thousand it was all our mortgage wow you paid off you're going to we're it's crazy how old are you guys a thirty two thirty one paid for housing she what is this house worth about two ninety how dean dean well done you guys excellent man SS three paid off houses in a row on our debt free screech today all by youngsters all the people thirty seven under wow I'm so impressed very very cool so tell me the story how did you know to do this decide to do this what happened well your name is been like a household name for me with my parents and also my grandparents have been really kind of doing your plan before there was Dave Ramsey plan a lot of it told me when I was younger that you know they both work but basically just went off my grandfather grandfather's income and just see save my grandmother so they've always been you know women blow their name so I took that to heart era from the early age yeah soon very cool so you were kind of group of financial beach may be a little bit all right and so what happened how long you been married seven years seven years yes and I definitely did not grow up with a few in the house or heard of Dave Ramsey before hearing this guy and the first couple years are for marriage we weren't really on the same page financially and have never had any budget meetings anytime I would spend money at target he would say what is this for you know why you're sending thirty dollars here fifty dollars there and so we decided it was about time to buy a house so we looked into your program more seriously or I did and that really found that it was going to be a successful for us and it's just so helpful every month meeting and being on the same page and I did and really knowing where every dollar goes no new changes a communication especially young marriage absolutely in every marriage but especially when you're brand new to getting things kicked off okay so wow very cool hutan you pay off your house where do you feel feels amazing images when those things are going to talk about that you said that you know feeling that like those at times that of you have been tensing your shoulders almost feels like it's it's gone and it's just it's on X. or explainable answers herbal feeling now there's a piece and I know when you guys can work together in accomplishing that goal to that tells you a lot I give you confidence to face whatever's coming in the future so very very well done well you're highly successful in working the get out of that plan our early thirties with paid for house when when when your friends goes and they're kind of like half sarcastic but also have one no no how did you do that you know what do you tell I mean if we take that sacrifice I get and death okay I kind of say that it's a short term pain for long term gain yeah really gonna just you know bite the bullet and do it and then you know it you just feel like you said just that relief off your shoulders and the meaning and it is you know people can't believe that we do when we tell them you paid off our house I think it's a mess you know they have to live their mortgage for and you know some people are our age you and I hope to encourage them indefinitely leave and leave them in your direction and tell them they can do it they just have to have focusing communication and you know it's it's awful so focused communication the whole process and and and and sacrifice act and those are the keys what else I mean nothing for us in the beginning since we weren't on the same page and not something that as we move closer and also you know followed a few that was something I think was like our biggest turning point was just being on the same page in communicating because before you know I would just you know it's just a judge's gap on every little thing and I was by way too controlling and no not you yeah I'm I'm never understood that you know what comes out on trouble keep on Tuesday that's many so I have heard my wife to make sure that we have some fun that's the measure very well and I'm here to make sure we don't eat doctrine retirement so there you go a man what's a good balancing act it's working for you guys probably you guys very well then who were your biggest cheerleaders well we actually got Bailey sister here she's wrangling the kids about him down to support us and my parents have been very supportive and my parents as well yeah our whole media family really it's just been such a blessing okay very cool very cool well congradulations we're very very proud of you very well done and thank you now you want to try to the kids are somewhat Rangel do you want to put him in the picture yeah so if we can get him and what are their names and ages we have that Natalie over here is two and a half and then that we have Emelia over there and she will be one on Saturday you have an email yeah we haven't yeah yeah yeah the liver that's awesome they're beautiful very cool malice impacted things while she does I love it well I'm sure Madeline's ready are I very well then you guys all right a hundred and all we got a copy of Chris Hogan's book for you everyday millionaires next chapter in your story rose here you go I love it all right a hundred and forty seven thousand dollars paid off in four years and one month make in one to one seventy counted down Madeline let's hear a debt free screen one two.
How to Recession-Proof Your Business
"As of July the United States economy has experienced the longest period of sustained economic growth in nations history folks that's a big deal we should celebrate that but as a result you only have to turn on the news or the radio for five minutes to hear some talking head eight business owners around the country are all too often taking part in the panic parade from the Rainsy Network this is the entree leadership podcast where we business leaders grow themselves their teams and their profits I'm your host Alex Judd in here at Ramsey solutions we wanna make something very very clear it's not a matter of if a recession will occur it's a matter of win and you know what you can't control that but as a business owner there are several things you can control and that's why today we wanted to introduce you to mark Floyd you see mark is the CFO that Dave Ramsey hired destroyed the finances of our two hundred million dollar organization and as such he believes that responding to an even thriving through the next recession has very little to do with risk and chance and everything to do with preparation diligence and common sense this is the longest second expansion in the history of the United States so we're at a hundred and twenty something months now I think the longest before that was in the nineties so it's been a long time since a lot of business owners have been and through a recession if you will so there's probably a lot that have never even encountered that so that might be why there's a little freak out going on because they haven't experienced that up and down before those that are kind of the season vats probably know that there's just as many difficulties that are coming there's probably just as many opportunities and so I think you've gotta look at it you know it depend on what type this year in might it affect you negatively but there's a lot of businesses out there they can take advantage of recession to some extent clearly we don't WanNa great recession like we had back in Oh wait seven Oh eight so I wouldn't let it freak you out and the better that you understand what's going on in your business the less you should be freaked out and the more you are asking questions of finding out what's going on in your world reading about things talking to other business owners what they've seen before maybe you've only been in business for five years and not for fifteen years and you haven't experienced this before go find somebody that has and talk through with them to find out you know what did you do last time what what did you see what signs did you see what how did you start preparing so let's just kind of and the the broad umbrella some action that you ought to take but clearly the better that you are prepared stepping into recession the better your are equipped to handle that I and I spoke earlier when I said advantages if you're sitting on a pile of cash what better time to jump in and maybe acquire something or do something if a competitor of yours or a different line of business that you were looking and going into if they are all sudden are struggling because they didn't see this coming and they didn't prepare for it or they were ill-equipped or they had too much eh too much risk all of a sudden you've got an opportunity in front of you that you can take advantage of so you can get freaked out or you can kind of get pumped up about it sounds sick and the question that's how you could approach it but I think just in hearing you talk about that it's almost like if this recession is going to happen it will happen eventually so it's a win and when it does happen are you ready right I mean it's it's a win it's not an F. we're not going to have a one hundred year long economic expansion ah some point in time this ends they've been saying that for probably four or five years now because this has been going on and we keep having you know good employment report and all that sort of stuff but it's coming and so don't put your head in the sand don't think this is always how it's going to be get prepared and so how you get prepared is probably approach it two different ways if I'm a new business I probably if I went into business having these best case plans well maybe I need to be thinking what was my middle case plan maybe not worst case but what's my middle case and so how would I manage towards those numbers if I thought maybe I'm not going to have ten thousand cells month I'm going to have eight thousand because of something going on again maybe if you're in a Jimmy John's franchise Y- you may sell more sandwiches during during that time but if you're in a high end restaurant business then that's probably not going to be okay so it's going to be individual business it just likes going to affect individuals differently as well but just you know getting prepared for that and knowing what's coming for your particular industry is important and I think that that's kind of at the rated this place both for how we teach people to manage their personal finances but then also how Dave and our company teaches businesses to be aware of manage their finance as you hear the phrase all the time know your numbers your numbers know your numbers in my time working with business owners they know that it's important to know their numbers but so often they don't know what it means to know their numbers so I'd love you to just kind of walk us through when you is the CFO Ramsey solutions sit down with a small business owner the things that you want them to know in order to feel confident about them being aware of the financial state of their business sure I get that opportunity in a couple of times a year when we bring in folks for our entree master series or at Entree Summit and so I immediately want to know what's their what's their knowledge level in this area their business and so I mean simple simple questions like you know what your top line and they look at me like a deer in the headlight then I go no in we need to start with even even more basic stuff what you sell and how much each day but if they were talkline revenues for the year and they can go hey last year we did five hundred thousand and we're on our way to seven hundred thousand this year that I go okay they understand what the past was and they there it's enough so that they know what they're kind of run rate is where they're headed into the future so I you know if they don't know the revenue than what we've got problems right that's right okay so just for the that are listening to this I would recommend as a great time to pull out a notepad if you're driving don't pull out a note pad but go back and listen to this the first one you said was annual top line revenue essentially just a weird Nisa where that lands year to year where it has been in the past and where it looks like things are going right now because if I'm a new business and I started off with one thousand and sales but I'm doing ten thousand and sales this month then my run rate is more like a hundred and twenty thousand annual because it's not twenty thousand total for the whole year it's I'm now operating at a hundred two thousand level well what does that mean what does that mean I can do can I hire somebody now cannot afford to do that. Hey that recession might becoming do I want to do that were what would be a target that I would said were then I can go if I get the two hundred thousand then I could afford somebody you'd be adjusting your business plan all along going here's does coming but I know my numbers I know I know what's going on my business to be able to make good decisions knowing that something like that could be coming and so we talked annual top line and then obviously that kind of feeds into understanding it knowing where you're leaning bottom line based on your expenses and revenue right that's where it gets a little trickier right with a small businesses in particular because if they understand their top line okay so then what do you make and and then it all depends are they taking a salary out of the business or a large bonus at the end of the year but I generally just say remove that from the equation what would it make it if you weren't paying yourself anything what is this business make oh it makes two hundred thousand and you put one hundred thousand dollars salary out so it has a net income of one hundred thousand that's great but what is really make you as a small business owner are making two hundred thousand dollars out of that business so I want to understand I wanNA make sure they understand the difference between what they're what they're counting says that they make attended the on their tax earned versus what their true profit is coming out of that business and these are kind of the fundamental things that really every business owner weathered numbers are a strength for them or not they should have visibility and awareness of is that correct I don't know how you would operate of business otherwise why you're even in business if I I mean I know you probably went into it with a passion to do something to serve somebody or to do something that where you're calling is but you better understand your numbers or you're going to be in that business for very long you're going to wait up and you the mismanage your business and you may have mismanaged with your team members and you may have let people down the path they can add a great spot to work and Lo and behold I'm going business and that's the last thing that any of these business owners wanted to do and I think that that kind of hits home the idea that yes there's tremendous opportunity and knowing your numbers but especially for the basic things talking about right now it's not just an opportunity it's kind of a responsibility exactly exactly the next one is really focusing on monthly run rate and I believe that's really focused I'm on how much it cost to stay in business month over month is that correct right and when I was talking about their run rate on the revenue emmy really got three run rates that we could talk about I was talking about the revenues sure but you also might want to know what your burn rate is if you're losing money you know going into business and I've set aside a couple of hundred thousand dollars and I know it's GonNa take a while before we turn a profit how much am I burning each month so that's your run rate on your expenses while you're trying to build up your revenues and then also on maybe what am I making each month what's my monthly profit tend to be and that's kind of a run rate on that as well so you kind of breakdown that PNL profit and loss statement three different areas revenues and expenses and that ultimately your Prophet so we're looking at monthly cash flow cash in cash out of the business yeah so I'm a CPA and we tend to like to talk in kind of sophisticated turn been here long enough talked with enough small business owners that I know I need to take it out of the you know the classroom and take it into practical
"ramsey solutions" Discussed on 710 WOR
"Of Ramsey solutions to him and where this Hey guys how good it is welcome welcome good to have you where do you live we are from fed vill North Carolina how run it just over the ridge yes good to have you over guys welcome and how much did you pay it off ninety six thousand three hundred and sixty three dollars love it how long did that take thirty six months good in your range of income during that time ninety five thousand okay what you guys do for a living I'm a piano teacher and I'm a high school band director all right very cool good for you guys what kind of that was the ninety six thousand it was some are as a truck that I had purchased a grand piano that she wanted which is more than the truck yes yes as a student loans forget about that one okay some credit and some credit because you guys were normal except for the grand piano yes yes very nice good so did you sell anything big nothing bag we sold it everything we had an owned on the yard sale Facebook groups I went from a three bedroom house the piano when you can yes yes everything yep item off yeah so basically you did about thirty two thousand dollars a year for three years yeah making ninety five that's pretty strong yes yes yes your budgeting tight yes isn't everything you're on a watch what you're doing this very cool so what happened three years ago that put you on this journey I was at a public school teacher and I went to teaching privately which is an independent contractor and I wasn't prepared with iris and we got that big bill in or that my parents are Dave Ramsey people so they said you needed a rams into my gorgeous teachers we can't do Dave Ramsey then we got scared to death with the tax bill.
Mattis throws support behind new space-focused military command
"Out there humidity at seventy percent now eighty six degrees. In uptown Charlotte suspect accused of attacking several drivers in a series of carjackings and attempted carjackings. In two counties yesterday's in custody tonight Gordon to channel nine Wilson Dir reportedly was. Found sleeping and the town and. Country that he eventually was able to steal allegedly during. His crime spree yesterday and Lincoln aghast and. Counties none of vehicle owners targeted for those incidents was injured President Trump's former fixer Michael Colin is under federal investigation for tax fraud and possibly misrepresenting his finances. According to a report in the Wall Street Journal newspaper sensitivities investigating, whether calling under reported is income in federal tax returns in which he returned thousands of dollars over the last five. Years plan that could begin the militarization of space will. Be heading, to congress the Pentagon this week is expected to give congress its plans to boost the military space efforts but the proposal, could fall short of President Trump's call for a separate space force adding six military branch requires. Congressional Approval but the Pentagon's. Plans could include ways to prop up elements of a future space force among the options that could go to congress a combatant, command for space a new joint agency for satellite purchases in a new warfighting community drawing space operators from all service branches are let's signs ABC news the White, House Trump administration officials continue to deny having any. Knowledge at all of an alleged assassination attempt targeting Venezuelan President Nicolas Maduro clothing Defense Secretary James, Mattis today outside the Pentagon we had nothing to do we have no background knowledge. We saw nothing until the fresh brought it out then as well as government released a video of what it says is one of several exploding drones meant to kill madero one heart patients who landed on emergency room in the hospital might want to ask for a female doctor new study from the university of minnesota harvard business school in washington university found a women heart attack patients were more likely to survive if they were treated by female physician dr jennifer ashton medical reporter for a._b._c. says more research is needed on this is not the first study to show a difference in clinical outcome with female physicians actually outperforming male doctors we don't know why that is maybe there are better communicators it's unclear the five the group that did the worst in that study was a female heart attack patient treated by a male doctor firefighters struggled against rugged terrain high winds and in august heatwave today to slow the spread of the biggest wildfire ever recorded in california in all fourteen thousand firefighters battling blazes across the state more than a dozen of them the largest inferno has grown to nearly the size of los angeles in just eleven days w._b._z. sports at eight oh five you sharon thorsland the panthers suffered another injury on the offensive line today left guard amini scylla to louis carted off from practice with wet coach ron rivera described as a sore leg and then was taken back to charlotte to have it further evaluated if stilleto isn't able to play in the panthers preseason opener at buffalo on thursday rookie brennan man will get the start in his place with right tackle dera williams already out with a knee injury is rivera concerned about depth on line if we lose anybody else i mean if they come back with bad news you know obviously we'll be concerned so you know we we like where we are right now we think we've got solid debt and we got a couple of young guys that we really got high hopes for as well so we we just have to be really smart and hopefully lucky a little rivera also discussed his plans for cam newton on thursday the quarterback will play a series or two then give way to garrett gilbert and taylor heineke in the n._b._a. seventy sixers rookies air smith has a fractured left foot he suffered the injury yesterday during a developmental camp for rookies and former Wake Forest garden NBA all star Chris Paul. Is giving some big bucks to his al-matar he donated two point five million bucks to support the demon deacons basketball team I'm Sharon thorsland WBZ sports really local at. Seven oh six I'm Mike Doyle WBZ news right that eight oh six Good, night Headquarters of Ramsey solutions is the Dave Ramsey show where your life in your money takes. The focus I'm Chris HOGAN filling in, for days and I'm so excited to be with you Today is a very very special. Day I kind of feel like a kid on the, first day of school, you know how you're planning for this. Day, you've marked it, on the calendar and you're excited about it it, kind of feels like it'll never ever. Get here but you stay focused you hope and you just keep turning well ladies and gentlemen I. Didn't think this day would ever get, here but let me take a deep breath Because it's here after a year and a half of focusing the effort the team commitment to this project, it's here ladies, and gentlemen I'd like to tell you that my second book is. Available, now I'm showing this to you those other you watch it on YouTube channel you can see this but here, it is it is everyday millionaires how ordinary people built extraordinary wealth and how you can't to this has been a passion project for me. This is one of those things being just a a rural Kentucky boy growing up in a single family single parent, home and based. On all the things that I heard that was possible now I don't. Know if you all out there have had. Somebody tell you that you can or can't do something but. This is one of those things where I really wanted, to dig in because, the word millionaire for me had this. Whole, different contexts I. Thought you just have to either be born into, money where you have to get lucky or you had to just do something that was outside of your control and i'm telling you something i'm so excited for you all to get this book for a couple of reasons first and foremost this is the largest study that has ever been done on millionaires did i say largest 'cause i just said it i'm gonna say it again it's the largest study that's.
American Airlines Kicks Woman Off Plane Even Though She Did Everything They Asked
"Afford up Couldn't even get off the carcass Shook up The woman was sitting in the bus shelter when the car, hit her she died at. The scene the driver did stop to, the crash no word on whether charges will be filed on, American Airlines passionate passenger saying she was humiliated when she was forced off a flight because her musical instrument was too big. Music student gene gene who says police were called to take her and her cello off the flight from Miami to Chicago who followed the carriers policy requiring her to buy an additional seat for her thirty thousand, dollar instrument which met the airlines size and. Weight requirements but a flight attendant told her the instrument was too big for the airplane and who was booted from. The flight American Airlines says the whole thing was the result of. A miscommunication but the same scenario has played out before. Last year an American Airlines passenger was kicked off a flight because the airline said his cello also in its, own seat posed a. Security risk Cameron Fairchild NewsRadio ten eighty KRLD a four worth police swat Team will conduct. Training exercises Monday morning officer buddy Calzada saying it'll take. Place near the intersection of green avenue and bury St. exercise there's going to be awful explosion the flashbang there, is no cost for. The exercise will run from nine Monday morning to about news Now Garibaldi. Traffic and, weather together looking at a new accident in north Dallas this is. Six thirty five, eastbound at the Dallas north tollway the exit ramp the. Exit from six thirty five ahead. Is blocked by an accident there looks like they may be there for, a while so well we have a little more information on that at the, next update other than that. We're looking at, construction related slowdowns tonight in white settlement Lupe twenty northbound at West Point we're looking at. Construction that's blocking two lanes there. And in bald springs I twenty westbound highway one seventy-fives roadwork going on throughout six in the morning From the, early weather center mostly clear. Seventy-nine overnight with south winds about ten. To fifteen sunny and ninety nine Monday but enough humidity. To put, the heat index as high as one zero two and we're looking. For south winds, again about ten to fifteen miles an hour tonight we're. Staying mostly clear it's Eighty-six degrees. At DFW airport eighty-seven that the ten eighty KRLD weather center I'm curt, Lewis stay tuned for more coming up on NewsRadio KRLD it's one oh six From the headquarters of Ramsey. Solutions it's the. Dave Ramsey show that is dumb cash is king and the. Paid, off Mortgage Ace of the medium w as the status. Choice this half hour Ramsey, personality, Chris, HOGAN number, one bestselling author joins me little, embezzling author of the book retire. Inspired so you have retirement, questions investment questions or questions in. General I can answer them and he and I will.
"ramsey solutions" Discussed on NewsRadio1620
"The lobby of ramsey solutions for eighty and brandy or were those guys how are you couple of ramsey solutions team members or at least brady is rather and that means your family yeah yeah we thought we were managing our money but really our our money was managing us.
"ramsey solutions" Discussed on Freedom 95 Radio
"Day calling you at work after you've asked them not to cursing or threatening you in any way then you need to visit collection bullied dot com these folks will connect you with an attorney who i know can help you these attorneys know how to stop collection agencies from bullying and threatening you anymore collection bully dot com go to collection bully dot com today that's collection bully dot com ever wonder where your money went at the end of the month do you find yourself scraping by until that last friday praying nothing goes wrong you don't have to live like that now's the perfect time to take control and start living smart with your money you can do it you just need a plan and financial peace university is that plan whether you take the class with others at a location near you or take it online from home you can change your future starting now financial peace university offers practical steps to lead you out of debt and stressed and into a life of saving and giving we have classes starting all over the country including in your area if you don't have time to attend one of our nine week classes learn how to handle money and get on the plan with financial peace university online it's time to change your family's future make this the month you take control of your money get on a plan with financial peace university go to daveramsey dot com slash fpu that's daveramsey dot com slash fpu in the lobby of ramsey solutions.
"ramsey solutions" Discussed on KSFO-AM
"The the hill lobby of ramsey solutions brussel and lj or whether hey guys how're you frightfully girlie hurry better than i deserve i hear you guys dropped by where the question we day we have a sign twenty 21 is graduating from you take hey in may and he has grown up hearing dave ramsey and we wanted to give him financial peace university as part of his college graduation present that he's not having it he's pretty frugal but we really would like to see him go through the program i he'll be entering the air force in may and we just wanted to get started on the right track do you have any suggestions because at this point he just really doesn't want to hear about a brain see well you just grew arroyo from colleges a genius we had that for may oh so i guess he wanted officer training he already he's an artist ace and they'll go in as an office worker tell thanks for serving his country and think shaped up well uh it it is one of the most painful things we do as parents i i'm convinced having grown kids with probably the toughest arm because you can no longer tell him what to do great worse than that they have grandkids and you can't even tell them what to there in circle lahser miles of men are well but short of that ivory you just have to convince them like you would have friend and the problem is that you guys i am having grown up around our staff he probably here's your mom voice your your dad voice rather than your friendly advice weiser older person.
"ramsey solutions" Discussed on WLAC
"The jay juice today your ramsey solutions i'm excited he also only eight percent of american was paycheck played fit nuts eight out of ten people on the expiry drag people grab cars we can't afford their overwhelmed the camp breathed in a lot of you've been listening to the show for a long time and you you really want to help people you want to help them with these issues actually know the answer to some of these things now if you've got a heart to help folks in this area the way we do around here you're the perfect person to become a financial coach and you can we have a world class program called the financial coach master training program financial coach mashhur training and we are excited to announce a massive benefit to this program a big change we move the entire raining on line that's right financial coach mashghara series training is now available online to anyone anywhere this thing's packed with information it gives you everything you need to become a confident and credible financial coach thirteen lessons 66 chapters over thirteen hours of video resources tools live training calls with expert coaches when he complete the program you will have the designation of a ramsey solutions master financial coach so if you got the hard to serve and you want to learn the details of how to do it in behind the scenes and what to do we can show you how to do it.
"ramsey solutions" Discussed on AM 1590 WCGO
"Live from the headquarters of ramsey solutions fits the dave ramsey show were that is bow tie and shoes king and not play the home mortgage has taken the of the m w allows the status symbol of choice i'm dave ramsey your host this is your show thank you for joining us open phones up triple eight eight two five five two two five that's triple eight eight two five five two two five sally is with us in minneapolis high sally how are you i gave i'm good how are you better than i deserve what's up um put a question for you my husband and i are in our 20s we've completed be these steps 133 paying off eighty two thousand dollars in stuff four three six thank you um and our goal we wanna keep increasing our income to pay off their health so you're super so at work this week we just completed are reviews and races and i found proof that iin paid less than my male counterpart in the same position and we both received the same rating on a performance of valuation um uh we want my husband and i want to start a family in the next couple of years so i don't wanna leave because an eligible for fmla but is there anything i can do this i feel like if i bring it up by my.
"ramsey solutions" Discussed on WBT Charlotte News Talk
"In the lobby of ramsey solutions and diana are where those guys how're you can guy welcome welcome what are you guys live happens alabama i will welcome to nashville and up here to do a debtfree scream very fond how much of you guys paid off ninety three thousand how long did that take about thirty two months in a range of income during that time started out about '85 and we ended up about 135 wide ago that so fun we all do for a living i'm in sales saying she's a dental assistant over cool very cool what kind of debt was the ninety three thousand now it's our mortgage your mortgage jeff thank you paid off your house looking at a weird people very cool however you to twenty nine i'm thirty eight on believable and you will paidfor house you sir what is this house worth two i love it very fun cool so thirty two months ago samba something happen they're made you believe you could actually pay off your owls as young as you are most people can do that you're weird we are what happened tell me what happened thirty two months ago how'd you get on this learning well i was probably also more probably about eight years ago and then when i met dina i had the kids showed it tired and she was instantly onboard an and then we we saved up in the twenty percent down that sort of thing in the year took his three per years to you a closet mortgage out okay so you saved up been saving up since you got married in malta house and then boom thirty two much of your by you're done exactly why all so that was the game plan along from the time you started area sir mild so how y'all been married eight years and that three years about three four in april okay laura very cool very cool so this is really all you've ever done while you were married.
"ramsey solutions" Discussed on KTAR 92.3FM
"In the lobby of ramsey solutions hi how are you and decay thanks dave barrett you better than others erv how can i help i well ahead of an an unusual question and i've been pondering it for a while after my divorce i moved to guest and started working and moved in with friends in renewed their grudge apartment room so i have yusef kitchen restroom room in laundry i'll normally thing she lived renting a room that i came across a condo the wanted realtors owned and i had an opportunity to buy it a for about fifty two thousand in its values anywhere from sixty five to seventy in it rents in was rented when i bought it a couple years ago and it makes about thirteen hundred dollars a month and and my rent or i am is only five hundred and this one's going to be available before the end of the year and have been pondering do i want to leave into it make it my own home nail that it's vacant so we bought it in its rented rat neca and what your income average about thirty five thousand a year commissions written okay well the the way i answer questions what always ends up happening when me on stuff like you're describing is what feels good in the short term might not be taking me to my longterm goal and showa when i'm always ask myself as were were mugabe in ten years in which of these decisions takes me there okay now obviously you can live in a garage barbara how old are you 55 luca and you could leave in a garage apartment or your sixty five and you could make the transaction will spread here make an extra some extra money doing that is what we're saying in a new the question ask yourself is is that worth it to you does that get you some place that you couldn't get otherwise my tendency personally would be to do everything i can increase my income during the next ten years and be living in that condo a new landed in the garage apartment as a a a place to heal and get reset after a divorce but that really was an it's kind of camping oh when you're not a college student i mean this is camping that's right you know and so this isn't like your destiny it's not where you want to be longterm but in so my.