33 Burst results for "Ramsey solutions"

Why Its Time to Stop Doubting and Start Leading

Work Matters With Ken Coleman

01:48 min | Last week

Why Its Time to Stop Doubting and Start Leading

"So we're getting a lot more questions about. hey ken. i'm getting promoted. Which stage five of my seven stages to doing what you're do but i'm not ready to lead. I don't often radio leader kim. How do i lead. Here's the reality when you get promoted almost every time that you get promoted. It is leading to an opportunity to lead. Some people call it management ramsey solutions. We call leading so for many people. It's a real source of stress of worry. I haven't lead before ken. How do i lead on experience. But i mean given this opportunity. I don't know if i believe so. I want to address that very real emotion. And i wanna take the pressure off so want to talk about that. So what do you do when you don't feel like you're ready to lead. Okay i got breaking news for you. You're not ready so we go can. I'm thinking you should check your production notes. I'm not sure you accomplish what you wanted to accomplish. No i did the first time you lied or in times where you get thrust into leadership beyond your current experience. I got news for you. You're not ready to lead. By the way i don't think you're ever ready to be a parent either. I got three now three teenagers. Let me tell you what i'm not ready for. I'm not ready to parent teenagers. And i'm smack in the middle of it. It's not about being ready. It's about doing period. It's not about being ready.

Ramsey Solutions KEN KIM
How to Tackle Tough Conversations at Work with Brendan Wovchko

The EntreLeadership Podcast

01:57 min | Last month

How to Tackle Tough Conversations at Work with Brendan Wovchko

"My guest. today is brian. Wasco brendan is the senior technology officer. Here ramsey solutions he oversees all our product engineering teams and through his career. He's had to have a lot of uncomfortable conversations and he's actually gotten really good at it. He's done it in a way. That's very effective. In fact he's become resident expert with our leadership team on how to do this and he teaches it internally in. It's really good stuff so we said let's bring him on the podcast because we know business leaders everywhere dealing with this issue before we jump into brendan's process i i wanted to ask him about. Why is it so hard as leaders for us to embrace uncomfortable conversations. The hardest part about leadership is you have to lead from a place of giving what you never got. When you're in that position like you just you don't have any instrumentation at all. You know and If you've never been in a situation where somebody has had a healthy conflict with you. It's really hard to know how to it. Yourself re reproduce what is healthy conflict even look like is in most parts of life not just work healthy conflicts. Not we typically another one of the things you've taught us and worked with a lot of our leaders on is really thinking about the come that you want before you just kind of parachute into one of these conversations. You won't have plan for the which we'll talk about in a second. I'm but say more about that. The idea of beginning with the end in mind. Yes so. I mean. I think if you're about to have your first hard conversation with someone you do have to keep the end in mind you know. The end can be one of multiple things but probably the two most obvious conclusions. Are we talk about it. Once it gets fixed were done which is which is kind of a you know. That's the kind of thing that you wanna do. A brain all go that they don't go that way so you know if all you do is walk into every conversation just assuming that it's going to be a one time thing you're probably gonna end up getting yourself in some hot water in the long term

Wasco Brendan Ramsey Brian Brendan
Becoming the Leader Your Business Needs with Suzanne Simms

The EntreLeadership Podcast

04:19 min | 4 months ago

Becoming the Leader Your Business Needs with Suzanne Simms

"You think about leadership. Many business owners are going okay. I got a lot of things. I'm not good at. We could delegate. We could find people that could do it. I could get good at it. Why is it so key that we take on the responsibility of owning those things as leaders well to me. There's one specific thing that you should reinvent yourself if you're not good at or maybe maybe a couple if you are if you're a leadership at a high level in your organization or you're the owner the ceo you need to be able to cast vision for your organization if you are the type of leader who is overseeing operational things that are crucial to your business growing. Then you've got to be good at date hails and opera and operational things for me. I was very operational behind the scenes leader for years I don't like the limelight. Don't i've never seen myself as as vision. Caster and i was lucky enough that the leaders who reported up to me were very confident competent. Good leaders who. I was more than happy to let them get the credit for everything like they were out now behind the scenes very much directing them and giving them advice and growing them but like they were the ones out front that the company saw leading their areas and in two thousand eighteen my story is that day challenged me and in our operating board as a whole really challenged me during our annual assessment time that because what i lead. The areas of ramsey solutions i lead are the tip of spear into the marketplace. Things i lead are like the entry point. It's the first touch point consumers have with us so we call it the tip of speier for the rest of the organization. Because i lied those areas. I need to be out in front of the company. Telling the company where we're going so for me. that's something. I'd never done before. So i realized in that moment i have to reinvent myself i have to go from being just an operational directing leader to a visionary out front. That's not me being better at who i already am. That's me being a different version of myself It sounds like you're saying it. At that point you were becoming. The bottleneck realized as leader. You're kinda limiting division or was it. Yes but you know what when i look back on it. What i think was happening. I don't know if dave even fully realized when he said it or others but dave's dave scott this succession plan. He's building like there's a. There's a date somewhere in the future where he's not the vision caster for this company anymore. And he's looking around at us going. Who's going to be doing that. Who's going to be wearing my various hats. Well and he's looking at me going. You lead tip of spear vision needs to come out of you. Not just you know the people below you and he's come out of you. You're on the operating board. You are the next generation of leader Once i retire theoretically and so i think a lot of that was going on in his head because he was the one that called out the most blatantly that day. I think it's a big misnomer to say. That vision is a personality trait. You hear it thrown around a lot. I'm not a visionary. That's just not how i think it's not how i'm wired. They're certainly i believe personalities that that yield towards being more visionary. But i really think it's something everybody can develop. I agree completely. How did you develop this. You mention new muscles that you hadn't grown before especially with vision. I am a very collaborative person. I like to roll with posse everywhere. I go i I find their safety in numbers. But also find there's wisdom and counsel. And so i immediately pulled a big group of leaders together. There were thirteen of us. Total and i put them in a room as said. Hey this the operating board said. I need to flex this new muscle. I need to cast vision for this company. I don't know how to do that. So you guys most. You don't do that well either. So we're gonna all figure this out together.

Ramsey Solutions Caster Speier Dave Dave Scott
The 6 Types of Working Genius with Patrick Lencioni

The EntreLeadership Podcast

05:35 min | 6 months ago

The 6 Types of Working Genius with Patrick Lencioni

"With have different talents than you. Sometimes that can be frustrating. But it's actually a good thing because we all have different strengths and different weaknesses. we have different personality styles. You guys know this. It takes a village but what we do to try to figure out the space and understand our people better. If you're like me you start taking. These assessments disc myers briggs in your graham. All good things. But here's what a lot of those things. Don't tell us. Can this person actually do their job from the ramsey network. This is the entreleadership podcast where we help business. Leaders grow themselves teams and the prophets. i'm your host tardy and my guest. today is paddling. Joni pats the founder and president of the table group where he spends his time speaking and writing about leadership teamwork organizational health. But here's the thing is. He's not just another consultant. We have worked with him. At ramsey solutions and andre leadership for years. We've given every one of his books to oliver team members and would give him out at our entreleadership events because his stuff is so legit. When it comes to team culture values you've got to be reading pellet joni now this is exciting. He and his team have developed a model that helps leaders identify their teams areas of working genius areas of life draining weaknesses. That if they're doing those activities too long they're going to burn out and quit. You don't want that so this is going to be a lot of fun but before we get into the model we have to first start with understanding the foundation of a great team. Well it all starts with trust which is humility based and vulnerability based if people can't come to sit down with their team and say i don't know the answer i need help. I'm sorry i was a jerk yesterday. Or i don't know what to do here somebody else or you. You're smarter than i am at this. I wanna be like you if people can't come work and be emotionally buck naked if you will it then you're done because if people can't come and be raw open honest they're not going to be able to engage in conflict because they're not going to be telling the truth and they're gonna feel like that's too risky. They're not gonna commit to decisions because they never really weighed in. They're not gonna hold each other accountable and say hey. You're my friend but you gotta do better than that on this one which is a great thing on a team. But if you can't be vulnerable you're not going to do that and they're not gonna actually do. What's in the best interest of the team. They're going to look at themselves. So that's the basic way that teams function from trust to results. But in order to do that you really need to be humble hungry. Smart person which is i. I don't think too much myself. I think others are more important than i am. Honor them. I work really hard. I'm hungry and inter personally smart. I know how to deal with human beings and if you can find humble hungry and smart people and put them in an environment where they build trust have good conflict hold each other accountable and do all those things. It's going to work. It's not complicated. I know i just went through that very quick. And i talked about eight different things but it's very simple. Are there blockers to trust aside from not having those people who are hungry humble smart well i would say there's blockers if the league doesn't have that and it's counter cultural by the way i should say that to people don't grow up thinking about being vulnerable they teach you to grow up and you know reveal just the parts of yourself that you think people like and this is. This is a problem. So that's why human beings have a hard time being vulnerable is because we think we're supposed to come into the world and protect ourselves but that's not what makes a team great so i think that if you have people that are humble hungry and smart and the leader gets that and nurtures that i. I don't know that there's other blockers. I'm trying to think what might that be. I mean there's environmental factors. Maybe working a company. That doesn't mike that doesn't reward that but if if the person at the top thinks it's important and crates environment from the top and i will tell you daniel that you know one of the reasons that i work with ceos and their teams because it needs to be modeled from the very top and it's not that they're more fun to party with like. Oh i want to be important. I just think if you can get the people at the very top organization to do that. You have a fighting chance in the rest of it. And when i go into an organization and i start at the at the bottom someplace. They're constantly looking up and going. Do you think they're ever going to get this so it just makes more sense to come. Which is why love talking entrepreneurs could is like you can turn your. You can turn your company into a trustworthy us. Good team quickly if you make that so with you and your leader well it sounds like what you're saying in some ways similar to our friend john maxwell he's has everything rises and falls on leadership absolutely. And if you're not working with the leader you're not working with the highest leveraged point of culture. Yeah that's their job. Yes and when they don't realize that when they think their job is just figuring out the technical parts of the of the operations then it's really difficult. So yeah john. And i would be incomplete alignment around that and that's why the leader is so important but that leader can't believe that they're inherently more important than the people lead their actions and behaviors are just more important. Yeah i think the is that they're more important but not more significant. Yeah you know. It's it's the it's the it's the challenge of humility article years ago called the trouble with humility and that is that as a leader. I have to believe i am just like anybody else here. I'm just a child of god a person. That's i'm no. I don't have more significance as you say. And so i have to believe that. But my words and actions are going to have a disproportionate impact on everything else around here. The problem is when people realize that their words and actions are disproportionately important. Sometimes they start to personalize it and say man. I'm pretty important here similarly people that say. Hey i'm not that important. So they forget

Ramsey Solutions Joni Andre Graham Oliver John Maxwell Daniel Mike John
"Should I Sacrifice On Pay To Work In My Dream Career?"

The Ken Coleman Show

06:17 min | 7 months ago

"Should I Sacrifice On Pay To Work In My Dream Career?"

"I am coming to you. Live from ramsey solutions. Studios in nashville. And you or joining a conversation about who you are what you were created to do where you want to do that and how you can get there. It is a different kind of talk radio talking purpose and your purposes and actually about you. It's about others. You were created to fill a unique role in and through your work. That means you are needed your tremendously valuable and it means you must do it. You must do that thing. You must perform that role because somebody out there need you to show up day in and day out week in and week out year in and year out and be the best version of you. We're talking about working like no one else. Combining that personal mission with that professional vision. Taking your mondays back. You shouldn't be miserable driving in on monday. Life is too short live for the weekend. Sadly workers all around the world. Try to make it to friday quitting top and it's been the next twenty four forty eight hours trying to drown their sorrows sometimes literally from the week ahead and sunday night. The tension returns the misery returns on the way into the office on monday morning. Folks if that's not what you want you're in the right place. Eight four four seven four seven two five seven seven to call in show at your show. You're one phone. Call away from clarity. You have the answers. It's my job to pull them out of you. Let's go eight four four seven four seven two five seven seven. The website is ken. Coleman dot com. Follow me on instagram at. Ken coleman to be equipped encouraged and even entertained from time to time. We started off in jacksonville florida. Michelle joins us there michelle. You're on the ken. Coleman show how are you. I'm living the dream. Shell what's going on. I said i'm good. It's a pleasure to be speaking with you today. my question. I'll start off you know. I'm in the lamar. I'm wondering if i should sacrifice and take a lower paying salaries in which is a significant pay cut to pursue a position in a different field. The work well. I need to know more before. I answer that one. What is the field of work and then take me further not just into the field because that the it implies that you're gonna beginning entry level here which would be the reason. Hey cut but take me to the dream. Take me to the mountain. Top in that field. So what's the field and then what would be the dream job So i wanna get into human resources. I actually don't know what my dream job would be within the human resources umbrella. I'm not sure if it would be benefits payroll maybe just a generalist position or employee relations. i'm kind of in the field now but not not so much. Kind of that core I'm in talent acquisition. So we're kind of alongside day. We partner with them a lot and become the company i work for. It's a great company. But i've been kind of just stuck on that talent acquisition side. There hasn't been many opportunities for me to jump human resources or even to learn Other than kind of that surface. So i you know took it upon myself to explore other opportunities outside of the company to really see you know what is out there for human resources. How can i get started I've been in my line of work for about eight years so with that. I've got promotions. I've thought raises. And at this point. My my compensation You know a little bit higher. What's your station about. Eighty thousand right now while. Okay so i think. I i gotta tell you michelle. I think. There's a disconnect somewhere here. I don't know how someone is sharp as you who has moved up the ladder in talent acquisition. Now making eighty thousand dollars a year. Can't catch a opportunity to move. I even want to say laterally in your own company. And i'm not doubting you. I'm just saying there's a disconnect. How is it that you are succeeding and growing in company and and not and not one opportunity to move over into the hr side of things has ever developed. How is that possible. Since being with the company i i've seen you know opportunities for between only just a couple you know would pop up here in there. Maybe once a year once every six months and either we're looking for more qualified people so that means searching externally for someone that already has those credential or or kind of competitive internally. We have a big. Hr team so everyone trying to shift on over okay but you will. Have you made the right relationship connections within your company with the hr decision makers given that you're working with them in your certainly in the same building I have to a certain extent. I haven't you know bluntly tell them that you know i want to be in a pause. I'm not saying that's the. That's the single silver bullet revelation of this phone call. But that's a big one right there. The wing you said it actually is beautiful. You said it really. Well you've just haven't bluntly told him. I want to be over here. Don't you think that's a challenge. That's a problem. I guess. I am. Because i haven't said that i'm kind of afraid of their reaction or or what they would say or if they interpreted. What's the worst that could happen. Let's let's go to your. I love this exercise. This is the monster under the bed. That our kids tell us dan. I'm telling you there is a monster. There's a dragon is going to eat me as soon as you close the door.

Ramsey Solutions Ken Coleman Michelle Coleman Nashville Instagram Jacksonville KEN Shell Florida DAN
How to Build a Brand with Tim Newton

The EntreLeadership Podcast

04:27 min | 8 months ago

How to Build a Brand with Tim Newton

"Hey if you run a business, you know that your brand matters but what is a brand? We throw that phrase around a lot and the whole idea of branding originated with cattle ranchers. Hot Iron into the side of their cow say visually, this is the sign that says, this is my cow and ever since then branding has often been associated with the logo, the imagery, the visual experience, the guys that's only a small part of the deal. From the Ramsey network this is the entreleadership podcast where we help business leaders grow themselves their teams and the Prophets I'm your host Daniels already and my guest today is ten Newton. Tim Lead all things branding here at Ramsey solutions as our senior creative officer and when you hear him talk about branding, you're gonNA to understand it so much less about the visual experience and so much more about your values, your convictions and the story of Your Company. Now Ramsey solutions we have always had a great strategy for branding. In fact, in the early days, it was all over the place. It was. Whatever came up in anybody's mind when out. So there was no connection. There wasn't really thought about brand, but there wasn't intuitive an intuitive nece about the brand Dave intuitively understands grabbing people's emotions and so like he knew to say statements that represented what mattered to the brand and what mattered to him like that's a part of branding something new and we would take those statements live like no one else he can live like no one else. We would take statements and put them all replace. So there was consistency, but it was it was intuitive. There wasn't tenacity to it and so thankfully it. It was coming together back then but just out of intuitive nece. Yeah, if. There was there was energy. Yeah. Yeah. But I think what? What helped it was natural passion. Like that, that's what it was. We gravitate towards passion when a brand looks like there's passion when people look like there's passion we gravitate towards that. So thankfully, even then since the beginning this whole thing, there was passion and that's one of the strongest things a brain can have. Okay. So that was there. I remember back in that day that you're talking about. We went to a live event and we've got all these tables in the back. That have our financial peace stuff. told him make stuff junior stuff entreleadership stuff because at Ramsey we've got I. don't know fifteen different lines of business and each one is run by a VP who's kind of like a miniature business owner and they were responsible for whatever their stuff looked like like it was on them. There wasn't like a centralized. Branding. Creative team brand standards we didn't have a CMO. Like I said, it's the wild west. And I had a buddy who was a big time AD agency Guy who really understood this branding stuff and this is the first time. Personally. That had thought about light bulb moment of like Oh. There's something going on here. He came to the live event. And I said, Hey, what do you think and he goes? Well, this is awesome. This is awesome. Dave onstage is awesome as what do you think about our you know emerge and all this kind of stuff he goes honestly. It looks like a roadside fireworks. And it's so overwhelming and confusing, and the message is don't go together. The FONZ don't go together. I guess. And I think a lot of business owners can relate to this because you know we're just trying to ship stuff. Get it sold Tim. And taking the time to actually think through how does the customer experience this? How do they feel when they see it and I also my experience? I, guess we live so close to our products. Yeah, and we forget that the design and we just know what they do where we know our products services very intimately. We know websites really well, and we forget what it's like to have fresh eyes experiencing that brand for the first time. Yeah it's totally true. It takes it takes a lot more work in effort to understand the emotional connection with the brand but also you're talking about consistency and fonts working together and the narrative working together. All that stuff is emotional. IMPOSSIBE said earlier we we had. An Entrepreneurial Mindset that's an entrepreneur to just go go go and I totally get that. That's that's where we were back. Then just go go but over the past few years we've gotten really good at taking a step back and saying how do people experience this at every touch point? What are they feeling when they go from this to this doesn't make sense does it make them feel like they're going to have freedom after using this thing like we're we're taking these steps to understand the connection, but there's there's a lot to be said for consistency.

Dave Ramsey Solutions GUY TIM Ramsey Daniels Officer Fonz Impossibe Business Owner VP
How to Build a Brand with Tim Newton

The EntreLeadership Podcast

04:27 min | 8 months ago

How to Build a Brand with Tim Newton

"Hey if you run a business, you know that your brand matters but what is a brand? We throw that phrase around a lot and the whole idea of branding originated with cattle ranchers. Hot Iron into the side of their cow say visually, this is the sign that says, this is my cow and ever since then branding has often been associated with the logo, the imagery, the visual experience, the guys that's only a small part of the deal. From the Ramsey network this is the entreleadership podcast where we help business leaders grow themselves their teams and the Prophets I'm your host Daniels already and my guest today is ten Newton. Tim Lead all things branding here at Ramsey solutions as our senior creative officer and when you hear him talk about branding, you're gonNA to understand it so much less about the visual experience and so much more about your values, your convictions and the story of Your Company. Now Ramsey solutions we have always had a great strategy for branding. In fact, in the early days, it was all over the place. It was. Whatever came up in anybody's mind when out. So there was no connection. There wasn't really thought about brand, but there wasn't intuitive an intuitive nece about the brand Dave intuitively understands grabbing people's emotions and so like he knew to say statements that represented what mattered to the brand and what mattered to him like that's a part of branding something new and we would take those statements live like no one else he can live like no one else. We would take statements and put them all replace. So there was consistency, but it was it was intuitive. There wasn't tenacity to it and so thankfully it. It was coming together back then but just out of intuitive nece. Yeah, if. There was there was energy. Yeah. Yeah. But I think what? What helped it was natural passion. Like that, that's what it was. We gravitate towards passion when a brand looks like there's passion when people look like there's passion we gravitate towards that. So thankfully, even then since the beginning this whole thing, there was passion and that's one of the strongest things a brain can have. Okay. So that was there. I remember back in that day that you're talking about. We went to a live event and we've got all these tables in the back. That have our financial peace stuff. told him make stuff junior stuff entreleadership stuff because at Ramsey we've got I. don't know fifteen different lines of business and each one is run by a VP who's kind of like a miniature business owner and they were responsible for whatever their stuff looked like like it was on them. There wasn't like a centralized. Branding. Creative team brand standards we didn't have a CMO. Like I said, it's the wild west. And I had a buddy who was a big time AD agency Guy who really understood this branding stuff and this is the first time. Personally. That had thought about light bulb moment of like Oh. There's something going on here. He came to the live event. And I said, Hey, what do you think and he goes? Well, this is awesome. This is awesome. Dave onstage is awesome as what do you think about our you know emerge and all this kind of stuff he goes honestly. It looks like a roadside fireworks. And it's so overwhelming and confusing, and the message is don't go together. The FONZ don't go together. I guess. And I think a lot of business owners can relate to this because you know we're just trying to ship stuff. Get it sold Tim. And taking the time to actually think through how does the customer experience this? How do they feel when they see it and I also my experience? I, guess we live so close to our products. Yeah, and we forget that the design and we just know what they do where we know our products services very intimately. We know websites really well, and we forget what it's like to have fresh eyes experiencing that brand for the first time. Yeah it's totally true. It takes it takes a lot more work in effort to understand the emotional connection with the brand but also you're talking about consistency and fonts working together and the narrative working together. All that stuff is emotional. IMPOSSIBE said earlier we we had. An Entrepreneurial Mindset that's an entrepreneur to just go go go and I totally get that. That's that's where we were back. Then just go go but over the past few years we've gotten really good at taking a step back and saying how do people experience this at every touch point? What are they feeling when they go from this to this doesn't make sense does it make them feel like they're going to have freedom after using this thing like we're we're taking these steps to understand the connection, but there's there's a lot to be said for consistency.

Dave Ramsey Solutions GUY TIM Ramsey Daniels Officer Fonz Impossibe Business Owner VP
Defining Purpose, Vision and Mission with Ken Coleman

The EntreLeadership Podcast

03:30 min | 9 months ago

Defining Purpose, Vision and Mission with Ken Coleman

"I'm your host, Daniel Tardy and my guest today is longtime friend fellow Ramsey team member, an Ramsey personality, Ken, Coleman, I, remember the first day that I met him. He wouldn't shut up about what he believed. He was called to why he was at Ramsey and what he was going to do with his life was borderline obnoxious but I admire it when he started at Ramsey solutions well, it's initial job here wasn't exactly in line with his vision, but I tell you after years of doing it the right way being diligent being teachable and pushing for what he knew was inside him the reason he was put on this planet today few years later he's on fire he's absolutely in his sweet. Spot spinning everyday. Now, helping tens of thousands of people all around the country figure out what their purpose is just like he found his as soon as you can tap into the thing that you're doing everyday being completely aligned with who you are and why you exist it's magic. In fact, I'm going to tell you it's a multiplier on your business as a leader. You figure this thing out the purpose why are you here? You can have more energy more fun. Your team's going to be happier you can have more alignment your vision is going to be clear that's going to lead to more resulted ultimately, you'll help more people that's what it's all about and it all starts with getting really. Curious. I knew before I came to Ramsey solutions I wanted to get into broadcasting, but I didn't want do sports broadcasting. I didn't WanNa do nightly news. So your traditional journalism broadcasting I knew that I, wanted to. Be In a situation on radio and television and the television dream is is building. Where I just wanted to interact with people and be a counselor and a coach I liken myself. To kind of a three headed animal on the show. The Ken Coleman Show on every phone call I am. A. Counselor a coach and a cheerleader. and. It's almost always in that order. Because you gotTA listen. In perceived dig, discern all those things and you hear the problem you hear the challenge of the need, and then you've got to come and begin to coach and teach. And Guide if you will, and then at the end, you know it's Here's your homework assignment. You've got this I believe in you get after it and that's the cheerleader thing. So I had a sense. Of very clear sense. Of what the content was, which was what had helped change my life. When I went through, you know at the age of thirty, one, thirty, two, I'm faced with a real career crisis in that this fire in the belly I had had for public service in politics went away. And I had been aiming towards that and making progress towards that since the age of sixteen. So was a really confusing time for me and so in that time of wrestling through while I know that it's not politics I'm not one, hundred six, you're what it is. And this isn't very difficult to understand. But when clarity doesn't exist confusion reigns, right? Right. You know confusions runs like a cockroach Dila Corner when you turn the light on room and so going through the process that I went through getting Pete Richardson was really informative in my life and some other people and I went through the exercises that Pete told me to do. It was really a self-awareness deep dive. It's a that process gave birth to what I'm doing now. So I was I wanted to give that clarity to somebody else to a lot of somebody else's

Ken Coleman Ramsey Solutions Ramsey Daniel Tardy Pete Richardson Wanna Wrestling Dila Corner
I Have $50,000 Left Over From College Scholarships

Ramsey Call of the Day

04:09 min | 9 months ago

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.

Mutual Fund Ramsey Solutions Jona Ramsey John Holliman Joni Sharon
Google Career Certification Versus College Degree (Who Wins?)

Work Matters With Ken Coleman

03:42 min | 10 months ago

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.

Google Inc Magazine Ramsey
"ramsey solutions" Discussed on WHAS 840 AM

WHAS 840 AM

02:29 min | 10 months ago

"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.

Lindsay Ramsey Solutions Lakeland Florida Philip YouTube Orlando Tampa
Deep Dive on Dave Ramsey's Investment Advice! (Financial Advisors React)

The Money Guy Show

05:49 min | 11 months ago

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

Dave Ramsey Ramsey Solutions Chris Hogan United States Brian Franklin Tennessee
Podcast listeners 39% more likely to drive a hybrid

podnews

02:20 min | 1 year ago

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.

United States Bernstein Spotify Megaphone Dave Ramsey Ramsey Solutions Nielsen Maple Media Media Analyst
"ramsey solutions" Discussed on KTAR 92.3FM

KTAR 92.3FM

07:12 min | 1 year ago

"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
"ramsey solutions" Discussed on 710 WOR

710 WOR

05:55 min | 1 year ago

"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.

Ramsey solutions
The Power of Asking for Help

The EntreLeadership Podcast

05:36 min | 1 year ago

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 Envisat Sinon
"ramsey solutions" Discussed on The EntreLeadership Podcast

The EntreLeadership Podcast

10:47 min | 1 year ago

"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?.

Dave Dave Ramsey Nashville Dave Smart Dave I professor Two guys Ramsey solutions business owner engineer Daniel Tardy India Blake Thomson officer Blake Thompson Rachel Brentwood Wgn US West mccollum
COVID-19: What Employers Need to Know About H.R. 6201

The EntreLeadership Podcast

08:38 min | 1 year ago

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.

Ramsey Solutions Lopez Armando Armando Man Daniel Tardy Mondo Alex Executive Director Sarah Karen
Nearly 1 in 4 millennials report having $100,000 or more in savings

Chris Hogan's Retire Inspired

05:35 min | 1 year ago

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.

Bank Of America FOX Cape Youtube Ramsey Solutions
"ramsey solutions" Discussed on 710 WOR

710 WOR

08:52 min | 1 year ago

"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.

Melissa Ramsey solutions
"ramsey solutions" Discussed on KTAR 92.3FM

KTAR 92.3FM

09:31 min | 1 year ago

"ramsey solutions" Discussed on KTAR 92.3FM

"In the lobby of Ramsey solutions for each day age and and janitor with the fake guys how are yeah welcome what do you guys live Charleston South Carolina welcome to Nashville and all the way here to do a debt free screen yeah I must have you paid off sixty seven thousand eight hundred ninety three dollars and we also cash flowed at nineteen thousand dollars extra on what major house repairs major car repairs we had a baby yeah there's always a no slip that right in there yeah all right the surgery extra surgery yeah and how long did this take twenty seven months wow in your household income during that time eighty three thousand up to one a one we all do for a living I'm a HVAC consulting engineer so what people are hot American cold when their goal to make my I like it I am a stay home mom perfect Erica what kind of that was that sixty eight thousand that we make all Sally Sally man and a little medical okay a little bit of it yeah okay all right so she'd been hang around so long for you like a member of the family nor it for a long time and the Niles not a plan is it it is you didn't work out gets worse and worse and worse and worse and worse and how long you been out of school since two thousand seven okay thirteen years but what happened twenty seven months ago that let you guys up well and we had moved from New York City where we were both making dual income and I was a fashion designer and he was also still doing engineering and we made a lot of money and we didn't have to pay attention until we left we started having kids and then we left New York and then it got real when we have one income and we live paycheck to paycheck and it it didn't get better and we just thought it would get better get better get better get easier and it didn't and I got really pissed so deal with it anymore and I was on online looking at mommy blogs and I saw this girl who had paid off nine thousand dollars in eighteen months and I said oh my gosh that I was amazing and she had followed her plan and so I immediately ordered the book why don't give it to Andrew he read it we both read it we're like let's then they have to help each other into it you're both ready well I did make a few what are they called well spread sheet yeah so I I convinced him through spreadsheets well that's a good thing to do the internet has left language as his love language in numbers yeah the nerd numbers okay I like it good good for you guys so you you went through total money makeover and I got your started yeah that was it and you took off and then just tore into the spreadsheets and yeah and did it so what's the secret to getting out of that what's the secret bring up sixty eight thousand on one income way down in income from before and you got after what what's the deal budgeting I mean yeah I just I just think and you have to have hope if you feel like you can never do it you won't ever do it right and you have to get mad and say I'm I'm tired of living this way and not enough to do anything anything to get rid of that that and if you don't have hope you won't do it if you don't have a reason you won't do it my th family lives lived and lived with the fear of money and I don't want that to be our legacy and it doesn't need to be my family's legacy they could change if they want but being afraid of money doesn't help you you just need more information you need to try something different and as soon as we try something different we saw the success all the snowball really works on half something little and you get that energy it really works we were told it's not gonna work you'll never pay it off and we were just be happy paying the minimums which we were for a long time and she turns out it's not happy no not happy that part's alive it is okay it's not okay it's not okay well I think the debt free scream who would help encourage just continuously leaner theme our that was a huge thing for me yeah and you know it didn't come out until later but the bar future podcast that really help me understand kind of the frustration and pain that Janet was going through I mean you know I Sargant frustrated but never totally understood how you know split second decision could just destroy ten years your life and because when you sign up for student loans you don't understand now no one explains it to you now and even if they do you really don't understand what I don't care this when I got to go you don't know how much the end payments going to be home it was twelve hundred dollars a month for the minimum for how many here fifteen years for is what they want to do it was and and that part was it all of your decisions are already made for you thank you you have no more freedom and your just chained to this until you get and decide to change do whatever what was the hardest part of the train journey for young we had a lot of low spot I had to have emergency surgery due to a miscarriage and then there were complications after that that required the MRI and they looked at me and they said all right do you want this MRI and I'm like how much is it gonna be and it was something like two thousand dollars and I just start falling in the middle of the hotel the hospital I can't make a two thousand dollar decision right now like you know it is nice to know we don't have to do that ever again Hey we finally have money but never happen again when I get cash out of the doctor right I don't try and figure it out on Google and hope it'll get better it won't good for you well that's cool you plowed through you push through yeah you push through so the secret is budgeting secrets working together significant if you said three times out yeah you gotta get sick and tired of being sick and really do enough that you're willing to do whatever it takes I don't know what other people think exactly just get you're gonna cut cut cut cut and when you do that that's when it moves and not try to explain that to people it's not an intellectual decision it is emotional and visceral yes and it's just to the point that when the bill comes at you like that you do cry you're like no you're messing up my plan works you know it just that you get out you gets it gets but then you get to the side of it where you live like no one else and now you where you are how's it feel now feels amazing amazing you're free it was like somebody was choking for eight ten years how long you been married ten years ten years okay so you've never been for you I remember having and it's been amazing for our marriage like just talk mediation yeah talking about it you know things that we weren't taught on learning together and it's been wonderful and as we are have a great marriage and made them better people that we talked to all the time or it about college they're worried about things that are far down the road we've already got you know a plan for that that was the biggest thing we have a plan we're not scared of it I get asked all the time I have three daughters and people say how you can pay for marriage gosh how much for you you gotta have a wedding fund and a college well that's right about the size of it well done you guys you bring them with you we sure do let's get him in the picture we got a copy of Chris Hogan's book for you every day millionaires us the next chapter in your story and you said the millionaire theme hours are a big motivator and that's that's where you guys are going from here so one of the girls names this is Caroline she's one this is Susan she seven in this is Jenny she's for all right beautiful family guys now have the have the older ones been practicing they know the difference hello yeah all right girls are you already are you ready yep okay here we go Andrew Janet Susan Jenny and Caroline from Charleston South Carolina sixty but it all open twenty seven months make an eighty three to one on counted down let's see here debt free screen writing three two one I love and we love that so what happens now when someone looking young man pulls up to pick up one of those girls on a date the future they're gonna have to have a discussion about money because Andrew genitive change their family tree more and let's sum for in the future mess that up well done you guys are so proud of y'all very well.

Ramsey solutions Charleston South Carolina Nashville
"ramsey solutions" Discussed on KTAR 92.3FM

KTAR 92.3FM

07:02 min | 1 year ago

"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
"ramsey solutions" Discussed on AM 1590 WCGO

AM 1590 WCGO

06:05 min | 1 year ago

"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.

Ramsey solutions Georgia Nashville
"ramsey solutions" Discussed on 710 WOR

710 WOR

07:04 min | 1 year ago

"ramsey solutions" Discussed on 710 WOR

"The lobby of Ramsey solutions all but three days she's here Montana is with us on my and I such an honor to be here well we're honored to have you where do you live I am currently you from Milwaukee Wisconsin but I live in Murfreesboro Tennessee I've been here for about four years now okay cool well welcome and all over here to do that free screening free screen I've been living for this everyday work and are paying off bills to get here hello I'm glad you're here how much we paid off I have paid off sixty four thousand it two years good for you yes liking what kind of range of income started well I moved here with a husband and no job and I currently have no husband but I have a better job soul I came with a budget of about fifty thousand and currently I'm at ninety two thousand good for you what do you do for a living I am a project manager at the state of Tennessee great also very cool show you trade your husband for great job thought about trade yeah not a bad feeling some pain so would you win some things as well yeah okay that was a sixty four one thousand dollars of a credit card and the rest sixty three thousand was a goal Great Lakes student loan colonel in stainless family may got it now kicked out the building found act look at my diploma with with peace now not gonna repo it exactly exactly good for you good for you so what started you on this get out of that journey two years ago well again I'm not from here and prior to moving to Tennessee I never heard about you so I like I said Hey with no job and then I took a few little small little contact jobs here and there so one particular contract was located here Franklin Tennessee and souls of healthcare company and it was is big deal for the new people to go see Dave Ramsey's house and so she's like have you seen Dave Ramsey's house yet go to go to the fourteenth floor of the west wing of the building using Dave Ramsey's house why okay for one who was the Ramsey and who cares about is daily exactly exactly so is this big tourist attraction for new people so we went to the fourteenth floor to west wing and if you squint you can see a little bit of the of the house and down like okay well so who is he and why why would support and service yes he's like well I am debt free yet I wait I make six figures and a financial coordinator for financial peace when like when it back up so I'm a contractor making sixteen dollars an hour with a master's degree you don't need this like tell me about this day Ramsey Shelley exactly so she told me about you I still didn't really dive into what else can I do in my is thing and then finally going through a bad Mary aids in trying to get financially on peace we just could not get on one accord for anything so then I died still going to look into this they ran the guy that I've been hearing about solitaire program heard about your program brought it to the the was spent as he's referred to and he still don't want to jump on board some like okay one go through financial peace myself because I always want to be debt free I was raised to pay bills and pay them on time and have excellent credit score but okay after that what what what happens next and sell one on the financial piece journey by myself and finally I did the baby steps eggs that one two three and and here I wow congratulations thank you what do you tell people the secret to getting out of that is well I want to talk to the woman that's out there that's trying to hold on to a marriage that is failed I've listened to so many of your callers and I wanted to call in some of the answers that you gave my cool I'm either it's gonna take advice not gonna call I'm not gonna call but your advice that you give to so many women out there I know you're all about I was all about marriage and I was raised in the church so you're always raise to make your marriage work make marriage work by no means necessary and I've done that I did that I we went to counseling we went through everything and it just didn't work and so I just wanna talk to the woman out there that's on the fence who's afraid to leave that still feels like she's trapped in that failed marriage because I felt there I've been there I've done that but I trust that god and I did it scare and here I am debt free yeah and I did it scare and I just put my trust in god and this is like a dream come true I never would have imagined I'll be debt free single and I would not grant making ninety two again sly and it right I'm trying day trying to thank you for your plant thank god for you while such a pleasant you too what a great story very cool so the key is just do it and do it scared do is scare that's what I had to do I trust god and do it scared that's that's that's all I can do is no matter magic trick I had to pick a part time job being Mary we went through the financial hurdles that he put this in and I told them okay this is both a part time job as follows planned both part time jobs well ID it and he didn't so I think that was the straw for me here I am a grown woman take your work lightly and with two jobs and all I was doing was working and working out so during that time to keep myself sane I picked up body building into fitness I get involved with fitness and bodybuilding is what helped me take my mind off of a failed marriage and sticking to the plants I say well what I'm gonna do is work on myself mentally emotionally and spiritually it's physically was working out and financially I did your plan and I did them simultaneously all at same time and it works it works is that the Truscott and do it we're afraid to live down here this get after it two it to sell floor who was your biggest cheerleader while you're gone well I really didn't tell a lot of people so my family my father really helped me and just occurred to me but they're not I didn't advertise it people just knew that I was working now all my whole life and some of the working a full time job a part time job and forking out that was it so I really did and I didn't have time so it wasn't this big thing I just want to do it in with the mayor to not suffer in silence for two years and I just did it you know I just prayed and just and just did it so I just really do have a big audience I just want this between me and got me a meeting that will just make sure that do it so that's kind of what the end distractions I need interference I want to do it good well he's pretty good sure later yeah the goddess yes you don't work the best well congratulations we we are very proud of you thank you so much so proud of you and been through a lot of journey to get here that are here you are here I am standing on the debt free state you did it yes I love it you get the trophy yes there I thank you and I just again thank god for you in your program it is it really I know you don't say that you've changed the lives but with your guidance it helps lead us to where we need to be so thank you so much are you you're the one on one date and I'm proud of it very well then we got a copy of Chris Hogan's book for you every day millionaires because that's definitely the next chapter in your story that's where you'll be headed now so very very very well done my on a very well done all right my Anna from Murfreesboro Tennessee just outside of Nashville sixty four thousand dollars right off in two years Megan fifty to ninety two quite a journey I found it down let's hear a debt free scream three two one I'm debt free.

Ramsey solutions Montana Wisconsin Tennessee Milwaukee
How to Recession-Proof Your Business

The EntreLeadership Podcast

09:32 min | 1 year ago

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

United States Rainsy Network Five Years One Hundred Thousand Dollars Two Hundred Thousand Dollars Two Hundred Million Dollar Hundred Thousand Dollars One Hundred Year Fifteen Years Five Minutes
"ramsey solutions" Discussed on The Dave Ramsey Show

The Dave Ramsey Show

02:57 min | 2 years ago

"ramsey solutions" Discussed on The Dave Ramsey Show

"Live from the headquarters of ramsey solutions broadcasting from the dollar car rental studios the dave ramsey show that is dumb just as the boys in w as the status symbol of choice i'm dave ramsey your host thank you for joining us america we're glad you're here open phones at triple eight eight to five five two two five that's triple eight eight to five five two two five jordan starts us off this hour in oklahoma city i jordan welcome to the dave ramsey show hey dave how you doing today better than i deserve what's up excellent so a just a little bit about us my my brief question is whether we should put her baby step three on hold until were able to move out of our money pit of a home were actually planning on finishing earth baby step two a this coming february twenty twenty so are non mortgage debt is twenty nine thousand that's two vehicles at three thousand and twenty six thousand i mean are gross income as a thirty five and the reason why i'm saying i'm considering all of this is because like i said are current homeless cop this kosta forty thousand dollars just in repairs unforeseen repairs over the last three years and the homeless only valued at a hundred and twenty so when i get home when they're selling it now in renton well are are goal would be to move again in twelve not to kind of our goal end so renting from here until the next twelve months i guess i guess that seemed like like a big a big ordeal to move twice okay are a mortgage is pretty low at seven hundred bucks a month it just there and repairs that and i mean even right now we're looking at well listen if you're out of debt in february and a a year from today you have your emergency fund in place and then you wanna move that's fine 'em or if you wanna move now that's fine but i don't understand what the difference is other than the move i mean it's not like the guy i guess my question more has to do with ordering the baby steps just because like even right now we could pay off of art that you know in two months but it feels a lot better having you know how could you pay off you're done into motion and why would you wait until february if you can right it goes back to be unforeseen expenses like we we could pay it off in just a couple of months because of the cash and we have on hand cause a fire emergency fund and a lot more nfl show you're not working are playing okay well it's it's no no it's not i mean

ramsey solutions dave ramsey jordan oklahoma renton nfl forty thousand dollars twelve months three years two months
"ramsey solutions" Discussed on 710 WOR

710 WOR

01:46 min | 2 years ago

"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.

North Carolina director school teacher Dave Ramsey Facebook three years thirty two thousand dollars sixty three dollars thirty six months
"ramsey solutions" Discussed on NewsRadio1620

NewsRadio1620

01:42 min | 3 years ago

"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 brady
"ramsey solutions" Discussed on Freedom 95 Radio

Freedom 95 Radio

01:52 min | 3 years ago

"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.

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"ramsey solutions" Discussed on KSFO-AM

KSFO-AM

01:45 min | 3 years ago

"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.

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"ramsey solutions" Discussed on The Dave Ramsey Show

The Dave Ramsey Show

02:08 min | 3 years ago

"ramsey solutions" Discussed on The Dave Ramsey Show

"Can you believe in the evening and believe in the lobby of ramsey solutions as well as like jonathan hour he'll how you doing better than i deserve forty lips her eleven for gordon georgia augusta i'll call in all the way up here to do a debtfree screen yes sir la that how much of you paid off pit are fit to one thousand fifty one thousand how long does that take to twenty eight months good for you and your range of income during that time forty eight thousand to fifty thousand answer cool and what do you do for a living i'm in the us army very cool thank you for your service thank you say what kind of a debt was fifty one thousand dollars jonathan personal loans payday eight three hundred tsp alone four thousand iphone of braces credit cards eight thousand an and the car loan and a lawyer in the military a been in twenty two years there okay cool you were you in here when that god is to ask me about his son going into the air force her yeah you you tell me video for they are beer and military you could tell that young yeah i actually i talked of her what not to do yes sir you can get their camera out of there so it here actually i talked to him five minutes ago sir okay good is very cool so what happened to you twenty eight months ago that made you turn this room well serb back in two thousand ten i'll station for the kansas and our chain of command showed a your military portion of the financial peace before we deployed and was kinda bore not really get into it so so that damn about your book your financial which told the money makeover and so i didn't really think about it you know it after book on a coffee table user the drinks on it so i don't really think about your work so it's fast for two thousand fifteen hours about um.

ramsey solutions us kansas georgia twenty eight months fifty one thousand dollars two thousand fifteen hours eight three hundred tsp twenty two years five minutes
"ramsey solutions" Discussed on WLAC

WLAC

01:56 min | 3 years ago

"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.

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"ramsey solutions" Discussed on AM 1590 WCGO

AM 1590 WCGO

01:30 min | 3 years ago

"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 dave ramsey minneapolis eighty two thousand dollars