Dave Ramsey Answers Your Most-Asked Questions

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Smart Money Happy Hour with Rachel Cruze and George Kamel 52 min 4 speakers 4 chapters transcribed
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What large purchases has Dave Ramsey regretted?

Rachel Cruze 0:05
Okay, are there any large purchases that you've ever regretted?
Dave Ramsey 0:09
The worst one was 2003.
Rachel Cruze 0:10
It was like raising Rachel.
George Kamel 0:15
What is one financial principle or piece of advice you've changed your mind about over the years?
Rachel Cruze 0:23
Hey, guys, I'm Rachel Cruz.
Dave Ramsey 0:25
I'm George Campbell. And I'm Dave Ramsey.
Rachel Cruze 0:29
And this is Smart Money Happy Hour.
Dave Ramsey 0:32
Cheers.
Rachel Cruze 0:33
Ding. Ding. Well, this is the show where two friends who happen to be money experts talk about what you're talking about. So everything from pop culture, current events, and money.
George Kamel 0:47
And today we've got the one and only Dave Ramsey in studio. You guys asked, we delivered. And he's going to be answering your questions. That's right.
Rachel Cruze 0:54
Well, welcome.
Dave Ramsey 0:55
Well, it's good to be here.
Rachel Cruze 0:56
What a fun world.
Dave Ramsey 0:57
Long time listener, first time guest. I get to come on the show where they drink.
Rachel Cruze 1:00
It's the first time. It's actually a very exciting show.

What financial advice has Dave changed over the years?

Dave Ramsey 1:01
Took a long time to get me here.
George Kamel 1:03
It's crazy that we had your wife on way before you.
Dave Ramsey 1:05
Yeah, it is. But she was a fan favorite. I hope you beat her. It's crazy that she's way more popular than me.
Rachel Cruze 1:10
I think she might be. We'll see what your count is of the episode. Oh, wow. We'll compare it to Sharon's and let you know.
George Kamel 1:18
I think Sharon will be watching the view count on this one.
Rachel Cruze 1:20
That's true. That is true. So in this episode, we're going to be actually answering, having you answer some questions from the fishbowl that people have submitted that they want to know about you.
Dave Ramsey 1:31
Oh, good.
George Kamel 1:32
Not traditional stuff.
Rachel Cruze 1:34
Not how to get out of debt. Get excited. It's going to be... Fantastic. And while we learn about Dave, we're sipping on a great cocktail. What are you sipping on, George?
George Kamel 1:47
This is a Black Manhattan, which is mixologist Michael Reddish's signature cocktail. He made it extra special. Oh, it's a signature.
Rachel Cruze 1:54
Brings out the signature drinks for you, Dave. Exactly. We don't always get that.
Dave Ramsey 1:57
It's one of my favorites.
Rachel Cruze 1:58
Sometimes we get cocktails with milk in it. Disgusting. So we didn't do that for you.
Dave Ramsey 2:03
I missed out on that.
George Kamel 2:04
You chose a good day.
Rachel Cruze 2:05
You did.
George Kamel 2:05
You chose a good day.
Rachel Cruze 2:06
Yeah, yeah. This was good.
George Kamel 2:07
So stick around until the end. We're going to give you our rating and reveal the cost per glass.
Rachel Cruze 2:12
All right, so we are going to lean into some of that, like, fangirl energy is what they call it out there.
George Kamel 2:17
We asked the people, if you could ask Dave Ramsey one question that is not a financial question for the Ramsey Show, what would it be?
Rachel Cruze 2:24
Yeah, so it's going to be great. There's some family questions in there. There's some purchasing questions. Dave likes to spend. That's actually a misnomer. People really do think... You're still rice and beans. If you're an average, you know, if you're like a Ramsey person... then you have to drive a crappy car the rest of your life, and you always have to have coupons. George still loves a good deal.
George Kamel 2:43
Me and Sharon Ramsey, I think, are holding it down in that department. We like frugality.
Rachel Cruze 2:48
But yeah, you love to spend, so there'll be some good spending questions in there. But it's going to be a good time, George.
George Kamel 2:53
Let's get to the fishbowl.
Rachel Cruze 2:54
Oh, are we going? Okay, okay. All right. What does it look like to treat yourself? So what do you do to treat yourself?
Dave Ramsey 3:05
Uh, so many things, but the biggest one would be luxury travel, like Uber luxury travel. Like the coolest thing I ever found in my life is when we go international for somewhere around four or 500 bucks, sometimes a thousand bucks, you can have someone meet you at the gate and a personal uh customs escort they do this at crazy rich asians and they walk you past everything it's a fast pass but for travel right through like like you own the place and boom one of them we went to in egypt they sit you in a lounge and bring food while they run all your stuff and then you go get in the car and leave
Rachel Cruze 3:49
Oh, wow.
Dave Ramsey 3:49
I mean, that's bougie travel right there.
Rachel Cruze 3:53
That's crazy rotations.
Dave Ramsey 3:54
That's money well spent when you're living like no one else. So, yeah, that kind of like just make my life good when I'm traveling. I don't want travel stress. I want to enjoy the whole thing. And stuff like that where I'm not standing in line, life is good.

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