Cautionary Tales of Young Entrepreneurship

In this chapter, a young student and agricultural employee discusses the challenges and dangers of taking on significant debt to fund a cattle business. The conversation highlights the volatility of commodity markets and serves as a warning against relying on borrowed money for risky investments.

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🎟️ The Ramsey Show Live Tour: Tell us where we should go next!

Dave Ramsey and Dr. John Delony answer your questions and discuss:

"My wife and I aren't on the same page financially. At what point should I open a separate bank account that I can manage?"
"I feel insecure only having $1,000 in my emergency fund while I'm in Baby Step 1..."
"My husband hid credit card debt from me again. How do I protect myself from his out-of-control spending?"
"Was taking out a $100,000 loan to buy cattle a bad idea?"
"What should I do with my stock that has grown to $1.8 million?"
"Should we accept a $100,000 gift from my parents?"
"What's the best way to invest?"
"I'll be graduating med school with over $200,000 of student loan debt. How do I pay them off while investing in a Roth?"
"Is this trend of people selling their houses for RVs healthy?"
"How do I repair my marriage and get out of debt?"
"Should I confront my mother about using my 529 to pay for an exchange student's college instead of my tuition?"