The Ramsey Show - App - Acts of Generosity Motivate Others to Be Generous (Hour 3)

Episode Date: November 12, 2019

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Music Music Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. Thank you for joining us. Open phones at 888-825-5225.

That's 888-825-5225. Well, you've been hearing a lot about Debt-Free Degree and the podcast with almost a million downloads now, Borrowed Future. You need to be checking out these things. If you haven't listened to this podcast, it's eight episodes. It's absolutely incredible. Anthony O'Neill is the author of the book, the number one bestselling book, Debt-Free Degree. And if you have a question for Anthony about that, about how to pay for school or about student loans or about just preparing for your future, you can email him and put student loans or put AO, Anthony O'Neill, in the subject line.

Email us, and we're going to put Anthony in touch with you, and we're going to get your question answered by Anthony in person. Email me at DaveOnAir at DaveRamsey.com. DaveOnAir at DaveRamsey.com. DaveOnAir at DaveRamsey.com. And Kelly, our associate producer, will pull the emails based on what you put in the subject line. And Anthony will get your email answered. We'll get your question answered for you. So jump in, Anthony O'Neill, and just email us at DaveOnAir at DaveRamsey.com. Our question of the day comes from Blinds.com.

They have a 100% satisfaction guarantee. That means even if you mismeasure or you pick the wrong color, they will remake your window blinds for free. You get free samples, free shipping, and with the new promos they run every month, you save even more. The promo code is RAMSEY to get the best deal. Hannah is in Illinois. Dave, I went through Financial Peace University with my parents when I was 15 years old.

I'm now 22 years old. I've never had a credit card. I've never been in debt. I recently graduated and got a full-time job. I currently live at home to save money, but I commute about three hours a day. I want to move out to shorten my commute. I have money saved for a big down payment, but I can't get a small mortgage since I don't have credit.

That's not true. My parents said they would co-sign, but I know you'd advise against co-signing. If I were to rent, it would be more than double the mortgage. That's not true. What do you suggest? There is nowhere that rent is double the mortgage. That's just not true. And how do we know that?

Because if that were the case, everybody in the town would have bought investment properties and rents would have come down. That's just hyperbole. You're just itching to buy a house. Now, you're out of debt. You have an emergency fund. You have a good down payment for a house that's fine but a but for you to establish credit is not necessary for you to rent an apartment at a reasonable price or a home from some sweet old lady out a garage

apartment out back of her garage or back of her house whatever It does not require credit. Now, some places don't rent to you without credit. I don't have a FICO score. I'm a multimillionaire. And that means that some places, if I went down to this apartment complex, they wouldn't rent to me because I don't have a FICO score. I can write a check and buy the complex, but they won't rent to me. That's how dumb butt this is. So don't let this, you know, don't get into a bunch of fatalism.

Rent is double house payments. That's just BS. That's not true. And don't get caught up in I have to bill credit or I have to cosign. None of these things are true. So you put a big enough down payment down. Oh, by the way, you're 22 years old. You've got time.

Go rent something inexpensive and pile up a bunch more cash. You might even just pay cash for your first house. It's very possible. With the situation you put yourself in, it's pretty amazing. But you can qualify for a traditional mortgage without any credit score. You have to find a mortgage company like Churchill Mortgage that does manual underwriting, which is how we used to do mortgages back when people used their brains, where they actually verify that the person's alive, that the person has a pulse, that they have a job, that they have a down payment, and that they paid their rent earlier on time and that they are responsible with money. And that can all be verified on you even though you don't have a credit score. So I would recommend that you quit all this carrying on

and just go find you a cheap place to rent. And just use that time there to get out and get closer to work and just pile up as much cash as you can pile up. Brian's with us in Pennsylvania. Hey, Brian, how are you? I'm doing great, Mr. Ramsey. How about yourself? Better than I deserve. What's up?

I knew that would be the answer, but I still had to ask. Hey, I just got a couple questions for you. I recently got married. My wife and I got married in the middle of September. Congratulations. Thank you very much. We're currently living in a house that was originally purchased by her parents. They purchased it as a foreclosure, and they paid $185,000. And they let her move into it, that is, before I met her.

And the agreement was that she would pay them $1,500 per month. Basically, $1,000 of that goes toward her rent, and then $500 goes towards the annual taxes on it. So that's kind of the arrangement that they had. Um, and we're still doing that. Um, the house now is valued, uh, about 280 to 300,000 based on the comparables in our neighborhood. Um, we were wondering, we're currently in baby step two. Um, we were just wondering when would be a good point to buy. Obviously, you know, you want us to get out of debt and save our emergency fund three to six months and do all that before we purchase a home. But I had a couple more questions pertaining to the home particular. One, what's the deal with the capital gains on it? She had

spoke to a real estate person previously, and they said that her parents may owe capital gains because of the difference in the value they purchased the house for and the value that it's now? Not a value. Capital gains is not based on value. It's based on the price of the sale, the sale price. So they would sell it to you at what price? $185. What they paid for it?

Yes. They would not have a gain? Okay. So there's no capital gains on their part, even if the house is valued? There's only capital gains if not have a gain. Okay. So there's no capital gains on their part even if the house is valued? There's only capital gains if there's a gain. Okay. Would gift tax or anything like that apply or is that not relevant at all? It might apply to that other $100,000, the value that they gave up.

It can be argued, and you should probably see a good tax attorney, it can be argued that this is not an arm's-length transaction and that this equity, that they're just giving you a huge discount and they might have sold the house at a discount anyway. So I doubt that they would have to pay. I know they wouldn't have to pay gift tax on the whole spread. There might be an argument for part of it. But they should get good detailed tax advice.

Okay. And then the only other question I had was in regards to actually purchasing the home, since it's valued between $280,000 and $300,000 and we're purchasing it for $185,000, would that be a situation where we would need to save a down payment or does that difference in value cut out the PMI? No, the difference in value doesn't count. It's purchase price that counts. The mortgage company is going to require a down payment,

and I would not close on this property until you've been married a year. I'd just sit there and rent for a year and then decide if you really, really, really want to do this or not because you may not really want this property. After the smoke settles a little bit, dust settles on your getting married and all. Hey, this is the Dave Ramsey Show. Are high health care costs getting you down?

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over 35 years, and our members have shared over $2.5 billion in medical bills. To learn more, visit chministries.org. That's chministries.org. Christian Healthcare Ministries is a proud sponsor of Dave Ramsey Live Events. chministries.org. Well, it's hard to believe, but Christmas is going to be here in 20 minutes. And that means we are in the middle of the giving season. I love Christmas time. Sometimes the smallest gift gift the smallest act of kindness can make a huge impact on your friends your family even your community outrageous generosity is about the most fun you can have with money we all love generous people they make a smile they make our eyes leak we love generous people we call this idea that

when you're generous to someone and it causes them to be generous to someone else who causes them to be generous to someone else it's kind of like the butterfly effect you know the butterfly flaps his wings and 500 miles away a hurricane starts right it's the effect on the effect on the effect on the effect and the generosity effect is what we call this so we're collecting stories and you can send yours in at dave on air at davramsey.com from people who have actually received a gift that has changed their life or given a gift that's changed their life and And today we've got Phillip on the line in Illinois. Hey, Phillip, welcome to the Dave Ramsey Show. Hey, Dave, thanks for having me on.

Cool. We want to celebrate this generosity effect every week for the coming weeks, every two or three days for the coming weeks up until Christmas. So tell us your story, sir. So about last year, around October, I needed a new car. I was looking around for just some different cars that I could try to purchase, and I thought that reliable meant new at the time. And so I went in to a dealership and they talked with me about getting a new, brand new 2018 car that was going to be about $400 in payments. And at the time it would have

been about 66% of my annual income. And I didn't want to do that. I didn't feel right about it. I was like, that's not going to leave me with enough margin. And I just felt it was going to leave me stranded, but I didn't really know what to do. A family friend of mine, they had a recent passing of a Cruze that had 19,000 miles on it. And that Christmas, they knew that I was, my degree's in youth ministry and I work with at-risk kids currently. And as a part of that, they said, we want to support those who are in ministry and we want to support you. And we know that you need a car and so we just want to give you a car this christmas season yeah and i couldn't believe it um i went on kelly blue book i looked at the value of the car it was a nine thousand dollar car um and they um

they have told me that they've done this for other people in ministry. Uh, they fully intend to do this for like others of just giving to them. Um, I don't know in what capacity, but, um, that the next January, so that was in December in January, I began going to financial peace university, um, because a friend of mine told me that I could be more generous if I was out of debt. And I was like, yeah, I want to do that. And so I went to your class and I was so thankful, was so floored by it and was so blessed by it. And one of the reasons why I, one of my whys for getting out of debt is so that later on down the line,

when I and my family have enough money, we would be able to potentially give a car or something else to somebody else in need. That's so cool. Yeah, absolutely. Keep us going, man. Keep us going. I love it. That's a great motivation. That's a great why.

Congratulations, man. That's so cool a nine thousand dollar car man and a 2011 with 19 000 miles on it i mean that's truly driven by a little old lady to church on sunday i mean you know wow that's pretty amazing that car will last you forever yeah i've i've been blessed and every time i drive it, it reminds me to continue pushing forward and to keep reaching for my goals and to keep reminding myself that I am a steward and a manager of God's funds and that it's not mine. So, yeah.

Very cool. Well, congratulations, you guys. Very fun. I love it. Good job, Phillip. Good job. Thanks for sharing that man we appreciate you and that is a great reminder of the generosity effect i suspect that guy's gonna give away a bunch of

cars in his life because one was given to him we've got a blog post coming up you'll be able to see some writing i did on that that's pretty fun and so be watching for it on the generosity effect and also if you've got a story about the generosity effect, about what has happened, then email it to us at DaveOnAir at DaveRamsey.com. Put my generosity story in the subject line so Kelly knows to pull it aside and we'll make it one of these generosity updates that we're doing as we go along here so very very well done that's so cool that's a lot of fun have you ever met somebody that says that so-and-so's a natural born leader you know that's just not true right i've been to the

hospital see people's babies a lot of times they always say it's a boy it's a girl they never say it's a leader no such thing leadership's a series of decisions leaders are built by other people pouring into them by you pouring into yourself you become a leader and you get to decide if you're going to become one based on your character attributes and based on your actions. And you can decide what kind of a leader you're going to be. And if you want to take your leadership to the next level, you can join me and a couple of thousand other business leaders who have already grabbed their seats for the next Entree

Leadership Summit. It's May 17th through the 20th in Orlando. Now, these summits always sell out months and months in advance. So I know it sounds like May is a long way away. It is, but it's not, and the tickets simply will not be there. This is quite a lineup we've got this year. Damon John from Shark Tank, Mike Rowe. Mike's a great guy. this is quite a lineup we've got this year damon john from shark tank mike rowe mike's a great guy carly fiorina and uh absolutely amazing lady former ceo craig

groschel pastor arguably america's largest church benjamin zander the boston philharmonic and uh his talk will just blow your mind cat cole chris hogan christy wright ken coleman and me this event is a complete game changer to learn more about the whole thing the entree leadership summit may 17th through the 20th. You can text Orlando to 44222. That's Orlando to 44222. Or you can check out under Entree Leadership at DaveRamsey.com. Easy enough to find the information. And our guys will get in touch with you, and we'll help you out. You can also always call the Ramsey Concierge team. They can always lead you through a 888-22-PIECE, 888-227-3223.

Allison is on Twitter. Hey, Dave, what are your thoughts on this HELOC strategy to pay your house off early? It's absolute trash. It's a complete scam. When you borrow money, and then you pay off the money, and then you borrow money and then you pay off the money in order to use some of the money to pay off another debt, it's a dog chasing its tail.

You're hiding a P, but the P is still there under a different shell. And it's a complete hogwash that this pays off the loan early. So you do not take out a HELOC. You do not pay somebody $3,000 or $4,000 for this scam in order to pay off your debts. All you do is just, there's only one way your debt gets paid off. You have to pay extra on it. Borrowing money on a HELOC to pay extra on it, then you pay the HELOC off, is just adding a step to it. It's a circular bunch of crap for people that can't seem to follow the P,

and they think it's gone, that it's not under one of those shells. That's all it is. Stay away from that stuff, Allison. Just work your baby steps and attack your debts. This is the Dave Ramsey Show. Thank you. Thanks for joining us, America. This is the Dave Ramsey Show. Open phones at 888-825-5225.

Casey is with us in Missouri. Hey, Casey, welcome to the Dave Ramsey Show. Hey, Dave, how are you? Better than I deserve. What's up? Well, I need your advice in a bad way. I went through a divorce about a year ago. I took everything and let her walk away. I took all the debt, everything. Why? And I was able to... I just did. It was easier that way um it was tough right there at first

but i was able to sell out everything i owned and start completely over um so with that being said that pay off all the debt i paid off everything i sold the house and was able to take the equity in the house, pay off the credit cards, pay off the credit cards. I sold the boat, sold the toys, got rid of everything, except for my truck. And I still owe $16,000 on my truck, but I refinanced it so I could have it whenever I was struggling through it all. So anyways, I refinanced it for eight years,

so that's something I definitelyanced it for eight years. So that's something I definitely got to get rid of. But, uh, uh, but other than that, uh, in the meantime, I've slowly started digging myself back in. I bought some property. Um, I was able to put 20 grand down on it and I owe another 20 grand, but I broke one of your golden rules by borrowing 25 from my parents to, uh, to finish paying that land. So at an all right land paid off. I mean, I don't owe anything to anybody except for my parents, but I've been making a thousand dollar payments to them on that. So I am working on building a house on that property and I am in the process of getting the construction loan finalized and trying to figure out what steps I need to take. But as of right now, I'm pretty well debt free other than than making my parents a $1,000 payment.

Don't you owe money on the truck? Well, I do owe money on the truck, yes. So you're not pretty well debt-free. The what? You're not pretty well debt-free. You have a truck payment and a parent payment, and you're building a house. Okay. Okay. So what do you make? I make $65,000 to $70,000 a year,

and I bring home monthly about $3,600 a month bring home after taxes and retirement and 401K and all that. So I have about $3, dollars a month to to deal with here okay uh the thousand dollars that i'm paying my parents i plan to refinance into the home after it's done after it's built and i refinance it as a as a mortgage payment so okay so what's your question my question is where do i go from here it's uh i i have a pretty well fresh start um working on building this house for one thing i'm i'm gonna assume you're gonna say a 15 a 15 year note uh is probably gonna be my best bet. My question there would be if I went 30 just to kind of protect myself and made payments like I was doing 15, what's your thoughts on that?

Nobody does it. Everybody talks about it, but it's a theory. Ninety-seven percent of the installment loans are not prepaid systematically. Okay. And plus I'm getting a lower interest rate at the 15 also. Yeah. Just plan on doing a 15 that you're going to pay earlier than 15 and get this truck paid off.

Okay. You're back to work in our baby steps and you know what they are right well and this is i am a fairly new listener oh okay okay the way you were talking i thought you'd been doing doing our stuff for a while i apologize okay well we teach the first we teach the first thing to do is to be debt free other than your house and so your first order of business while you get this construction loan that converts into a 15-year because you're already into that deal. I wouldn't have done that deal right now, but you're already into it. And I would, you know, this construction loan converts into a 15,

and then what I would do is I would get yourself out of debt, everything but the house, that's the truck, build an emergency fund of three to six months of expenses as soon as possible. You may want to sell the truck. It's pretty expensive, really. And, you know, get rid of the debt so that you can get in this house with a lot smoother situation. You need to be 100% debt-free, have an emergency fund in place very, very soon with a 15-year mortgage. 100% debt-free except the mortgage um and then turn around and get it

paid off as fast as you can that's the steps you ought to take thanks for the call open phones at 888-825-5225 whitney is with us in utah hi whit you? Good. Thank you. Thanks for taking my call. Sure. How can I help? So my husband and I are 32 years old. We started Financial Peace University in November of last year. We sold a house and used the profit to get out of debt. We are currently living in my parents' basement for the next one to two years and have completed baby step number three with $50,000. Why are you in your parents' basement? We have just because my dad's a contractor and so we're going to build our next house with him. And so we are just saving money to put down on our next house just to help us save money. Anyway, so as of right now, we have $57,000 to put down on our next house,

but we're trying to put down as much as possible. And so we currently have, but we have $0 for retirement, and we are wondering if we should put that extra money that we were going to put towards our Roth IRA into the down payment, or if we should just start up our Roth IRA? Well, sometimes when people are on baby step 3B, which is when they have their emergency fund in place and they're debt-free, everything but their house, which is you, And, you know, sometimes they delay their retirement in order to build their down payment bigger.

I wouldn't do that more than three years, but you're not planning to? No. Okay. And how's your husband feel about living in his father-in-law's basement? He didn't love the idea at first but we have our own like it's pretty much an apartment like we have our own oh i know it's easy for you you don't have any trouble it's your daddy he seems to be happy with it too it's it's anyway it's it's been pretty good um my husband's okay with it as long as he knows that it's been pretty good.

My husband's okay with it as long as he knows that it's temporary, and we have a plan to be out within probably 18 months to 24 months. Okay. All right. Well, be sure you play through because I got to tell you, what you're doing is some people can pull that off, but most can't. Yeah. Well, we've already been here for a year.

Yeah. Some people can pull that off, but most can't. And so I'm glad you're able to, and I'm glad you've got a great relationship with your parents. That's a good thing. I love my kids dearly. I'm not sure I could do that. I might kill them if they were in my basement it's i gotta tell you i i love them dearly but that's a very difficult thing to do and it's probably a lot harder on your husband's dignity than he's letting on so you guys need to keep a clear line of communication open in your marriage

as you talk about this and there is no sin for living in a small apartment for a little while and just continuing to build up your down payment before you build and you know whatever rent that costs you in order to have a separated life uh if it's not necessary it's not necessary i'm okay with you staying there you do what you want to do you're big grown-up people but do be big grown-up people, please. This is the Dave Ramsey Show. Thank you. Our scripture today, Joshua 1.9, Have I not commanded you, be strong and courageous. Do not be frightened and do not be dismayed,

for the Lord your God is with you wherever you go. Bethany Hamilton says, Courage doesn't mean you don't get afraid. Courage means you don't let fear stop you. Well, that's true. Get after it. Hey, we all, all play scared sometimes, but you play. You get

after it. Hey, when you've gone through a major life event like getting married or having a baby and you get caught up in the moment and you forget one of the most important things because it's boring, but it's really important. Update your insurance.

I know it's the last thing on your mind when your life changes, but your insurance needs to change when your life changes. The thing is, you cannot afford to have gaps in your coverage. Let me make this easy for you. Just work with an independent insurance agent like one of our endorsed local providers, our ELPs. Let them know what has changed changed and they'll make the updates for you they'll also check to see what kind of discounts you can get most people who chose to work with one of our elps end up saving hundreds sometimes even thousands of dollars a year

getting the same coverage or better coverage even for a lower price go to DaveRamsey.com slash ELP and click on insurance DaveRamsey.com slash ELP and click on insurance Elliot's in Texas hey Elliot how are you good afternoon sir how are you better than I deserve what's up it's a pleasure to finally get a hold of you I've listened quite a bit but that's the first time i'm being able to talk to you well i'm honored sir how can i help yes sir so i'm kind of wasted in the house i feel like me and my wife paying for a house my goal is to get to the virgin islands and saint croix i still owe quite a bit of money on this house but i just got it appraised this week.

I'm not quite sure how loans work, refinancing or anything like that, but I'd definitely like to get out of here as soon as I can. I feel like I'm trying to rush quite a bit, but I don't know what would be the best step. Why are you moving to St. Croix? I'm from Texas, and I just feel like it would be nice. I know it's going to be a little rock, a little big adaption, but here I just feel like everybody's trying to impress, you know, have a bigger, better car than the next person, next bigger house,

do the same thing as everyone else. And I've got a decent job right now. I'm making some pretty decent money, but that's just not what I want. As crazy as it might sound, there's a lot of people out there without jobs, but I just like to get out there and do some fishing, some scuba diving. There's a refinery that's opening up out there, Lime Tree Bay

Refinery, as far as work. I'm not exactly shooting for that, but that's the game plan is to get out there and just kind of enjoy the ocean. How old are you? I just turned 29 years old yesterday on Veterans Day. Are you married? Yes, sir. It's me and my wife. I don't have any kids. I have two dogs, and that's about

it. And what would your house sell for? As far as what it would sell for, I'm not quite sure. It got appraised yesterday. They sent me, I don't know how much that really means, but it was appraised for $118,000. I paid somebody to come and appraise it. Okay, and what do you owe on it? $118,000.

$90,000. Okay. appraise it okay and what do you owe on it two thousand uh ninety thousand okay so you moved to st croix with ten thousand dollars in your pocket after expenses maybe 15 and no job by so by december 30th i should have 30 000 cash saved up apart from nothing to do with the house whether i sell the house or not and what do you make a year? Oh, shit. Me and my wife together, we're pulling in roughly 10,000 take-home every month. Yearly, I'm not quite sure. So me, by myself, about 7,000 a month take-home.

What do you do? Oilfield, just another overpaid worm in the oilfield. ESPs, electric submersible pumps. Gotcha. Okay. So, yes, sir. So, you're making bank? Yes, sir.

Okay. All right. So, if you move with $30,000 or so plus the $15,000 or so you get out of the house, and you don't get a job, how quick do you run out of money in St. Croix? Yes, pretty quickly. So I kind of had an idea that I was going to speak to this guy out there in St. Croix, one of my dad's buddies. He's offering me a studio up on the hill. It sounds a little

good to be true i'm gonna plan on flying in january the studio up on a hill for 90 000 i'm not sure if he's talking or what down or anything like that so it was a rough plan to go and offer go with 30k and see if you might be able to drop that down a little bit come back and work just a little more and then uh i should i guess head head that way okay uh sounds like you're running from something into the instead of to something uh you're running to scuba diving but i mean i'm a scuba diver have been for 30 years i love it it's a lot of fun uh but i i don't i don't hear how you're going to make a living and so you you need a you need to have some wisdom with your plan uh and you can live in texas and decide to be content just because other people aren't doesn't

mean you can't be um and you make good money you may not want to continue to do what you're doing long term. I understand that. And you can visit St. Croix a lot, a lot cheaper than you can give up your career and move down there, give up your jobs and move down there. But if you're going to do that, you've got to have a way to live. And what you're describing to me is something that's going to turn into a nightmare if you don't have a way to live. So you sell your house here for sure, and you'd have a job lined up where you can feed your family and it's not about a studio on a hill that sounds like a jim croce song or something i mean you really need to have a plan

dude that actually lays out how you and your wife are going to eat and that's just being responsible adults you're not children and so um you can you can go down there and spend it you know spend a month if you want i don't care but if you're going to move there and reset your whole life in the virgin islands you have to have a plan to eat otherwise your little dream is going to well you're going to wake up one morning it's going to be a nightmare and so i don't care if you do this if you want to do it that's fine but you need to have a way to make a living and have a plan to do to feed your wife and you guys take care of each other and you'll have food to eat you know while you're enjoying the islands and electricity and water because you're making a living and i didn't hear any of this here. So this sounds pretty disjointed,

and you're really going to put some meat and bones with this, some meat and potatoes with your plan here, to where it's actually fleshed out and you've got a whole thing laid out. Thanks for the call. Open phones at 888-825-5225. Jennifer is with us in D.C. Jennifer, we're short on time. Go fast.

Hi, Dave. Thank you. I am calling because we have been pausing our retirement for 18 months to save up for our house down payment. We're in a unique situation where we can save about $5,000 a month. Cool. But we plan on moving and buying a house in 2022. So we're just wondering if we should continue to pause that retirement until then. I don't like going longer than three

years. It starts to be scary, but if you know that, that puts you right at the three-year mark, right? Yes. And we have $280,000 in retirement already. Okay. And $95,000 for adoption. So where are you going to be moving to? We'll be moving to Colorado. And why are you waiting until then to do that? That's when my husband will retire from the military. Oh, okay. So he's getting his 20 years in, then you guys will take off to the mountains. Yes, sir.

This is takeoff to a cool place hour. St. Croix on one call, I get the Colorado Rockies on another call. That's pretty cool. Well, you're definitely going to be in better shape than the last caller when you get there. So, yeah, I'm in. 2022, you're going to go over there with military retirement. Sounds like hundreds of thousands of dollars set aside to be able to live your dream have at it kiddo i love it appreciate the call that puts this hour in the books thanks

to james childs our producer kelly daniel our associate producer and phone screener i'm dave ramsey your host we'll be back with you before you know it in the meantime remember there's ultimately only one way to financial peace and that's to walk daily with the Prince of Peace, Christ Jesus. Hey guys, this is Blake Thompson, Senior Executive Producer of The Dave Ramsey Show. Did you know over 15 million people listen to The Dave Ramsey Show every week? And a lot of those people listen to one of over 600 radio stations across the country to find a station near you. Head to Dave Ramsey.com slash show.