Dave Ramsey: How the spirit of salespeople and the law to fail brought the finance guru to the top


Personal finance expert Dave Ramsey, best known for his popular radio spot and motivational advice, was once a Nashville kid with good energy and an entrepreneurial spirit who learned to try and fail, then try again. .

Ramsey told “The Pursuit with John Rich” how he discovered business and entrepreneurship by getting behind a lawn mower at the age of 12. His soul as a salesman was transformed by selling personalized leather memorabilia out of his college locker, where he was nearly dismissed on drug trafficking charges.

As Ramsey’s parents instilled in him – the payoff doesn’t come without hard work. Or as his philosophy says, “Get up, leave the cave, kill something and bring it home. No one will do it for you.”

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“Sometimes in pursuit he are times when it’s fun and sometimes it’s not fun, ”he said. “It’s part of the equation… Nothing replaces activity and hard work.

But just because hard work is put into it doesn’t always mean the result will be what is expected.

“You can work hard and still fail,” he said. “I did it myself. But this form of activity is the only possible path to your best possible life.”

In 1978, the year Ramsey turned 18, he spent his real estate license to sell his first home in Antioch, Tennessee, a week later. The young agent continued to work in real estate throughout his four years of college and then began investing in real estate as a new graduate and newlywed.

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By the time Ramsey was 27, buying and selling real estate was earning him a net worth of nearly $ 4 million. But he had “done something stupid”.

“I borrowed money on everything,” he said. “I was the opposite of who I am now. What I did was I built a house of cards. It was Jenga… And it started two and a half years of hell where we have lost everything. “

Ramsey attributed the credit for finding a relationship with God to getting back on your feet after being told at a sales conference that knowing God and learning to treat people well would lead to long-term success.

“So I came home and told my wife we ​​were going to church and she said, ‘Who are you and what have you done to my husband?'” he said laughing. “Because I was a hell-raising beer drinker and she knew it.”

“The Ramsey Show” first aired on a Nashville station in 1992 and has grown today to reach 18 million weekly listeners combined. Ramsey Solutions’ financial consulting now employs thousands of people and offers endless tools for managing money.

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Ramsey revealed that the three attributes of becoming an active member of Team Ramsey are being hungry, humble, and smart. He described humility in business as shining the spotlight on someone else in the presence of success.

Throughout the Nashville children’s adventure at the top, Ramsey said the American right to strive for happiness is “everything.”

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“It gives me the right to stand up and try to fail because there is no dignity in success if you don’t have your knees and hands scratched from the fall,” said he declared. “This right to sue – it is a freedom essential for human dignity.”

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