How Dave Ramsey Built A BILLION DOLLAR Empire | Dave Ramsey x Jaspreet Singh

"I bought so much real estate in 2008 yeah oh my gosh my net worth but today because of that 2year period of time I was buying stuff 10 12 14 cents on the dollar wow I've got stuff that's worth $10 million right now that I paid a million for"

"It's taken 30 years so you know time would be one of the tools I use I just don't I just don't quit I'm the tortoise not the hair and so you just keep moving keep moving keep moving and every time I read that book The Tortoise wins"

"we stayed very true uh to our our our original purpose which is simply to help people and educate people and um and so we've stayed out of the uh Financial products business we've never sold Investments or sold insurance or so we now we refer people refer you to people because people need insurance they need Investments we refer people but we don't we're never gotten in the uh and there's a lot of money in that world oh yeah a lot I could have made a lot more money if I was in that world but we were just teachers"

"I went broke I made a lot of money in the real estate business and lost everything and you know the story I'm sure but and so sitting at the bottom of that mess the first thing was I thought I've got to learn something different cuz I've got a finance degree and all these letters and licenses and crap after my name and here I sit broke with a brand new baby a toddler and a wife you know ready to leave but she didn't have a car I mean it was like we were it was bad we were so scared we couldn't breathe"

"so I started talking to Old rich people I didn't want to talk to Young rich people I'd been him and I didn't want his advice because he did stupid stuff and so uh these old rich people brought me this idea of common sense and and uh I'm a person of Faith so I found in the Bible these same principles they're just common sense nothing fancy or woo woo or anything like that but it was just that"

"we started funding uh taking a percentage of profits every month and dropping it into retained earnings and have done that for now almost 30 years and that keeps you funding retained earnings so that helped with business then in addition to that I need to buy a piece of equipment or I need to spend some money on something inside the business"

"I am firmly convinced that 10 years from now if I bought a piece of real estate today I'll be happy I'm firmly convinced that 10 years from now if I invest in a good grow stock mutual fund I'll be happy um I will have gotten good returns and I can do that based on virtually any 10year block of time in the last 75 years or 80 years"

"we've still got a huge inventory shortage on housing oh yeah versus demand it's really truly a seller's market even though we've got the downward pressure from the high interest rates oh yeah the upward pressures from the supply curve you know is saying that they're going to go up for sale it's going to go up and um and even if the rate of sale has gone down the values have held"

"so that from an investor perspective if you roll up your sleeves and pile up a big old pile of cash and you watch for the market to go down it's an opportunity"

"I bought so much real estate in 2008 oh my gosh my net worth but today because of that twoe period of time I was buying stuff 10 12 14 cents on the dollar wow I've got stuff that's worth $10 million right now that I paid a million for"

"but I really don't I don't think we're going to see another 2008 I don't think it's going to get that bad um but I didn't think 2008 was going to get that bad I was shocked that it got that bad"

"but I do I'm very sure there's nothing in the marketplace that indicates that the American economy is going to come to an end you know it's just I cuz somebody's going to always invent something else oh yeah as long as there are garages you know there's somebody's in the garage building something right now it's going to be the next thing or being in their spare bedroom you know typing out some line of code that inventing the next thing"

"we've figured out that not spending time together uh in person lowers productivity and uh creativity and Synergy uh you don't have any driveby ideas on remote um if I'm walking past somebody's desk and I look down and I think of them and I think about what they're working on I go hey have you you know here's the and 30 13 seconds later I walk away and keep moving in this not just me there's 1100 of us doing the same thing"

"being in physical presence with someone changes the quality of the relationship and organizations whether we like it or not move at the speed of trust and when you're not in high quality relationship your level of trust has to go down by definition and when you're not in proximity physically ever so often you're you're not connecting you're not feeling the air cuz there's so much of communication that is non-verbal the vast majority of it"

"truthfully number one right now in my mind as we take calls is car loans car loans car loans are killing Americans and it's the it's the number one video I did on YouTube"