On Purpose with Jay Shetty Dave Ramsey ON: Fixing Your Relationship with Money & How to Break the Beliefs Holding You Back From Success
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Aug 22, 2022 
Jay Shetty chats with Dave Ramsey, an eight-time best-selling author and personal finance guru, discussing how to cultivate a healthy relationship with money. They explore common financial pitfalls and the emotional toll of debt. Ramsey emphasizes the power of mindset and the importance of surrounding yourself with supportive people. He shares insights on integrating spirituality into finances and the distinct habits of 'baby steps millionaires,' revealing how responsible money management can empower individuals to achieve financial freedom.
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Ramsey's Financial Journey
- Dave Ramsey became rich through real estate but lost everything due to excessive borrowing.
- This experience taught him the importance of a debt-free life.
Symptoms vs. Root Cause
- Financial problems often manifest as new symptoms, like Bitcoin or student loan debt.
- However, the root cause is usually the violation of basic financial principles.
Financial Education
- Schools often teach financial literacy with a pro-borrowing bias, benefiting banks.
- Ramsey advocates for teaching basic principles like budgeting, generosity, saving, and compound interest.
