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The Ramsey Show

Should I Invest in Real Estate? (Hour 1)

02 Aug 2023

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What are the benefits of using EveryDollar for budgeting?

27.368 - 50.757 Dave Ramsey

Live from the headquarters of Ramsey Solutions, broadcasting from the pods, moving and storage studios. It's the Ramsey Show, where we help people build wealth, do work. that they love, and create actual amazing relationships. Thanks for hanging out with us, America. We're so glad you're here. My co-host today, Ramsey personality, Jade Washa.

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51.438 - 70.451 Dave Ramsey

And for this segment, we invited Dr. John Deloney, Ramsey personality, number one best-selling author of the book, Own Your Past, Change Your Future. And apparently getting ready to be a number one bestselling author on this new one called Building a Non-Anxious Life. We put this thing up for sale in pre-sale yesterday, and it is breaking records. Thank you, guys.

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70.491 - 80.488 Dave Ramsey

We appreciate your response to it. Apparently there's a lot of people that need to build a non-anxious life, or they know someone that does. And so thank you. Thank you, thank you, thank you, thank you. We appreciate your response.

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Chapter 2: How can I effectively pay off my debt using the Debt Snowball method?

80.888 - 104.862 Dave Ramsey

The book is $20, and we give you $75 worth of goodies to pre-purchase it. The book will actually be shipped to you on pub date October 3rd, along with the audio book, the e-book. And right now, as soon as you buy it, we're going to send you a copy of John's, one of his talks as well, which is a really good talk. And so this whole subject of anxiety. Misunderstood, isn't it, John?

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104.842 - 118.785 Dr. John Deloney

Yeah, we've got a whole culture designed to help people not feel anxious anymore. And I think we've gone about that all the wrong way. I think anxiety is our body trying to get our attention and say, hey, we're not okay on multiple areas. We're not okay.

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119.246 - 128.821 Dr. John Deloney

And if you just climb up in your kitchen, man, and you pull the batteries out of the smoke alarm, you've stopped the noise, man, but your house is going to burn down around you. Yeah.

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128.841 - 136.588 Dave Ramsey

I mean, you should feel anxious if crap is going bad. Absolutely. If you're standing in the interstate and an 18-wheeler is coming at you, you should be anxious.

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136.909 - 137.329 Dr. John Deloney

Exactly.

Chapter 3: Should I consider investing in real estate in Thailand?

137.449 - 157.967 Dr. John Deloney

If you owe a bunch of money, if you're at a place where you're not safe, if you're in an abusive relationship, if you haven't slept in four days and you live off a Red Bull and – Taking pills to get rid of your anxiety doesn't solve the problem. It does turn the alarms down. It doesn't solve the problem, right? And so we just simply have to have a conversation across the country about –

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157.947 - 182.25 Dr. John Deloney

reimagining the way we do our lives and hey by the way this is a conversation i've been having for several years with my friends who are medical practitioners who are therapists psychologists everybody knows we know that it's kind of in this log jam and it just takes some people to have some have the conversation we live in the most anxious all the data says the most anxious culture in history it's wild man it's wild and the wealthiest yeah and the there's all these reasons it shouldn't be

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182.23 - 202.354 Dr. John Deloney

but it is it's we have no saber-toothed tigers tigers i'm 100 i have data to prove that there are no saber-toothed tigers chasing us so we don't have to be anxious but we have 10 o'clock texts from our bosses saying where's the budget and we have emails and we have mother-in-laws and our bodies just can't handle it all man so what you're saying it's not just a dna genetic thing Absolutely not.

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202.515 - 216.885 Dr. John Deloney

Yeah. Yeah, absolutely not. That's one of the big ones is, hey, this is just the way you are. Sorry. You have a disease. Yeah, you were born broken. Your body's not right. There's some rare medical exceptions, but almost always no.

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Chapter 4: What factors should I consider before selling my house?

217.306 - 231.225 Dr. John Deloney

Some people are more sensitive to the world. I am. My wife is not. Right. I can say, hey, I think we're going to die. And she's like, we're fine, John. Right. So my alarms are tuned a little more finely than hers. But no, I'm not broken in any way.

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231.845 - 247 Dave Ramsey

Yeah. And there's six daily choices that you can engage in, which will address the real problems, the real fire that's causing the smoke alarm to go off. The problem is causing the anxiety to come up. And if you address those six daily choices, that's how you build a non-excess life.

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246.98 - 250.303 Dr. John Deloney

Yeah, and I think that what you said is important. They're very hard, though.

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Chapter 5: How do I determine if I should use a business broker to sell my business?

250.323 - 269.723 Dr. John Deloney

Well, and some of them are going to be easy for people. Like for my wife, budgeting and paying off debt, that just makes sense. For me, a budget felt like I was getting dragged behind a boat, right? For other people, like going to counseling, that wasn't hard for me. Like I'm happy to do that. Some people will fight that tooth and nail. And so everybody has different challenges.

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269.743 - 285.786 Dr. John Deloney

Some of these are going to be easier. Some of these are going to be harder. But I've heard it said this way, and this isn't – definitely I didn't make this up, but – If you want to begin to heal your mental health and you want to begin to change your emotional health, it's like brushing your teeth. We don't want to get cavities. And so we brush our teeth in the morning.

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285.806 - 291.175 Dr. John Deloney

We brush our teeth in the evening. And so really this book is laying it out as simple as brushing your teeth.

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Chapter 6: What are the risks of investing in foreign real estate markets?

291.255 - 309.33 Dr. John Deloney

Here are some things you can do every day. Here's some things you can do every week, every month that are going to create a culture where you might get the occasional cavity. And by the way, This book does not insulate you from bad things happening. Your mom's going to get sick. You're going to get a kid that gets bullied at school. You're going to lose your job. That's life.

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309.991 - 323.333 Dr. John Deloney

But this book is about giving you the margin and capacity to take life when it hits you in the mouth. And the life we live now, Dave, we're so spun up and burned out and anxious and fried. And then when life does what life does, we're out. We have no capacity.

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323.574 - 326.901 Dave Ramsey

Just knocks you out of the saddle. That's right. But this will fill you.

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Chapter 7: How can I ensure a predictable environment for my investments?

326.921 - 346.701 Dave Ramsey

You get your tank full, then stuff comes at you. You've got a full tank to deal with it. Yeah. It's your only shot. So good stuff. Building a non-anxious life. Ramsey Publishing's latest number one bestseller, I'm sure. Not yet officially, but we won't know until October. But by the way, you guys, speaking of that, can help us by pre-purchasing the book. It'll help John, help us.

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346.761 - 363.91 Dave Ramsey

We appreciate it. So if you want to be a supporter of what we're doing, one way you do it is simply buy the book early. We're going to bribe you to do it. The book's $20, and we're going to give you $75 worth of goodies to buy it early. And because all the sales we make before pub date count on pub date towards the bestseller list.

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Chapter 8: What steps should I take to prepare for selling my business?

363.89 - 383.535 Dave Ramsey

So, legally, technically, we've got it all worked out. Nobody's scamming anybody. We're not scamming the list. We're just trying to sell a bunch of books and help a bunch of people. Pretty simple. Or help a bunch of people, sell a bunch of books. However that works. And so, jump on at RamseySolutions.com. The book is called Building a Non-Anxious Life. Dr. John Deloney's latest.

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384.316 - 398.991 Dave Ramsey

We did issue a quick read. back last year, which is a chapter book, basically 37 pages, called Redefining Anxiety. That sold 150,000 copies of this tiny little pamphlet book and proving that this subject matters.

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399.572 - 418.746 Dr. John Deloney

Yeah, and it was my buddies who were – psychologists and counselors and medical doctors who are buying it by the case and just giving it to their clients and their patients saying, hey, this is as simple as we can get it to you. We can help you out with this. And I think that's another important thing. I spent 20 years in higher education.

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418.766 - 435.603 Dr. John Deloney

I spent 20 years with some of the greatest, loving, wonderful scientists, great thinkers, great people. And this book isn't written for them. This book is written for folks who don't read a lot of books, who are just trying to – I got two kids, and I just want a little more peace in my home.

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435.864 - 453.274 Dr. John Deloney

I'm an over-the-road truck driver, and I just want to be a better dad, and I don't even know where to start. This is the exhausted 50-year-old mom who has to do something different. This is the 61-year-old dad who's just like, hey, I want to re-engage with my kids after a lifetime of kind of being separate. This is a book for people who don't read books.

453.654 - 460.924 Dr. John Deloney

I try to make it as simple as possible and as direct and clean and clear as possible. The goal here is not to sound smart. The goal here is to help people live a better life.

461.039 - 478.809 Jade Warshaw

Well, look, I'm a person who's not ever considered myself an anxious person. And I read Redefining Anxiety. I read Own Your Past, Change Your Future. I can't wait to read this book because I think even if you're not a person who would say, I'm anxious, or there's so many day-to-day things things that take place in our life that affect us.

479.169 - 491.462 Jade Warshaw

And you can just keep your head down and just keep going through acting like it's not having an effect on you. And it is. And even if you don't consider yourself labeled in that way, there's still so much in this book that is going to be able to help you.

491.722 - 526.231 Dave Ramsey

I appreciate that. Yeah. Congratulations on another success, Dr. John. Thank you much for your support. Grateful. Dr. John Deloney. The book is Building a Non-Anxious Life, RamseySolutions.com. Click on the store. Get you one. This... This is the Ramsey Show. Jade Walsh, our Ramsey personality, is my co-host today. Open phones at 888-825-5225. Carlos is with us in San Antonio, Texas. Hi, Carlos.

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