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.
insights INSIGHT
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.
insights INSIGHT
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.
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Dave Ramsey's "Baby Steps Millionaires" showcases real-life stories of individuals who achieved financial success by following his seven baby steps. The book highlights the transformative power of disciplined saving, debt elimination, and strategic investing. It emphasizes the importance of financial planning and goal setting. Readers are inspired by the diverse backgrounds and experiences of the featured individuals. The book reinforces the principles of financial peace and wealth building.
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Jay Shetty chats with Dave Ramsey to talk about having a healthy relationship with our finances. Having a lot of money, buying a house, owning expensive cars, living in luxury - many of us dream of having a purposeful and productive life - and we work hard to reach this goal. But it’s never an easy goal to achieve, and more than anything, not many of us can have great financial success.
Dave Ramsey is an eight-time No. 1 national best-selling author, personal finance expert and host of The Ramsey Show, heard by more than 23 million listeners each week. He has appeared on Good Morning America, CBS Mornings, Today Show, Fox News, CNN, Fox Business, and many more. Since 1992, Dave has helped people regain control of their money, build wealth and enhance their lives. He also serves as CEO for the company, Ramsey Solutions.
On Purpose with Jay Shetty 
