How to Take Hold of Your Money | Dave RamseyMay 31, 2021
38 years ago my wife Sharon and I got married and we were stupid we didn't know anything if we had known half of what we know now we would have known we wouldn't get married because it was a disaster I was a beer drinking Hellraising Hillbilly and I convinced her to get married with me and we moved to Nashville and started our lives and of course Nashville, everyone knows about Nashville, right, it's the Bible bell buckle, there are more Baptists there than there are people, so we moved. to Nashville and about two weeks after we first got married, my wife, who had never talked to me about God, Jesus or anything else before marriage, remembered that she was a Baptist and she gets up on Sunday morning and says, " "Let's go to church." and I said we won't do anything, it's Sunday morning, I'll be here watching football and drinking beer like all the good rednecks, well that didn't go well, she got really mad and cried and got angry and I didn't care and she left She stormed out of the house and it didn't
takeher long to find her tribe because those Baptists are everywhere and then she walks in through the back door, there's a little Baptist church and they prayed at the end of the service for her pagan husband and this scene was repeated every time. weeks for quite some time.
It wasn't going so well, so I decided I was going to get rich and got into one of those multi-level things, you know, those things where you piss off all
yourfriends and So me and my beer-drinking friend got together. we got into this together and that's how brilliant Daryl and his other brother, Daryl, were, we would go to happy hour and then we would make sales calls and we couldn't understand why we could. Not to make the business dumber than a rock, so we heard that they were having one of their big rah-rah things and that if we attended this meeting we could learn how to do it and have a yacht and a big house and all the stuff. that we were supposed to have and we didn't get any of that, so we drove from nashville to birmingham, alabama, to the alabama theater and did you ever go back to something from
yourpast and the alabama theater shrank in my mind?
holds 10,000 people, we did an event there a while ago and it
holds 800. But Daryl and I were in the back of the balcony there all day with these guys telling us how to get rich and the things we should do and all that stuff. . this kind of thing and it's a big sales conference or whatever in this and the big guy gets up at the end, he's the closer and he's the one we wanted to listen to because he was who we wanted to be when we grew up and whatever that he said we were going to do and we had written down five things along the way that if we learned these five things we could be ready to do the business and he was a great speaker and it was like he had our five things like the outline of his talk had credibility before, but when he finished answering all our questions about life, he owned us, you know what I'm talking about and then he says there's one more thing and we said no, we had five, that's it, one more thing. if you don't know god you need to know him because if you think business is about monetary transactions you are going to fail and you need to learn that people are important and the son of god jesus will teach you that people are important and you will not be successful in business until that you understand that people are important and I looked at my friend and said: have you been talking to my wife?
So he says, I don't know, he says what to do, so we have to do that and I told him. Well, I don't know what to do, you know what to do, no, I don't know what to do, we go back to the Hampton Inn or wherever we were staying, we get Gideon's Bible off the nightstand and we open it. I'm King James Shakespeare and Jesus the chances of these two rednecks getting through this are close to zero that puppy put it on the nightstand but I went home I told my wife I told her we're going to church and she said who are you and What have you done with my husband and we started visiting churches and we went to some of those churches where people are not happy?
You all have been one of those churches where people look like they were weaned on a pickle with no fun and then we walk in the back door of this little church, this was 30 40 years ago, so we walk in the back door of this little church and there were things happening there, about 400 people, there was something in the air, you know, and the people in the Choir, they were like moving and stuff and we thought this is dangerous and then a woman in the choir raised her head. hand like I knew the answer to some question and then everyone started raising their hand and I said to Sharon, do you know how? what you do when you're visiting churches we're in the back row sneaking right and then we're in the back row I said they bring out snakes I'm outta here I'm just saying we keep getting drawn to that little church and that old pastor the best you can get he He kept saying wonderful things from the pulpit like this is what the Bible says and then if you don't agree with it, you're so-called wrong, I love that. like someone because he thought Christians were a little weak and he was like a man, you know, and his wife, you know, they're his old school church, they stand in the back when everyone leaves and shake hands with everyone and they give everyone a hug on the way out.
It's a small church anyway, you could do that right and she's a big soft woman, so she'd give you a big grandma hug, you know, and you get that big grandma hug and her manhood and that woman and her talk. They brought me to Jesus changed. my life and I do everything backwards most people find god at the bottom of a crisis of some kind I met him along the way and I started buying I left that little multi-level thing I started buying and selling real estate and I i got rich at least by a kid by antioch tennessee standards when i was 26 i had 4 million in real estate, a net worth of just over a million dollars and i was making 250,000 a year in the early 80's that's 20 000 a month and I don't know what neighborhood you grew up in, but where I grew up we called it rich and it was fun too, sometimes I hear these people say all those rich people are miserable, we were having fun, fun, fun, I mean, I I had that car.
I always wanted, you know, that car, if you ever had any
money, I would buy that car, you know, that car, the car I always wanted was, I wanted a jaguar because no one in the neighborhood I grew up and could spell jaguar let alone knew what was. or how much it cost so it was exotic I bought a jaguar and maybe within 90 days it was a jaguar, you know, that's right, you know, I was having fun, man, we went to Hawaii and we loved it, that water is so blue, we went we came back and then we came back again we loved it we were having fun now I'm not here to tell you that
moneywill make you happy and I'm certainly not a quote-unquote prosperity gospel guy, but money isn't bad either, it's not in the scriptures.
The Bible does not say that money is the root of all evil, it says that the love of money is the root of all evil. What I have discovered now, 30 years later, is that money makes you more than you already are, it magnifies the good and exposes the bad brilliantly if you have a bad temper and you get money lord help the people around you you will be a raging tyrant I mean, you will be out of control if you are generous and you give and get money. You will become what the world calls a philanthropist and you will impact entire communities with the wealth that God allows you to manage, you will become more than what you are and some of The people around you when you get money will become more than they are like crazy. in your family it gets crazier and listen let me tell you every family has crazy things and if you think there's no crazy things in your family that means it's you that's how it works guys and so we were blowing up and going everything It was so good.
We were cooking and I had done some stupid things. How many of you have ever done something stupid with money? How many of you who didn't raise your hand have problems lying? All of us have done some stupid things with money and me. He had borrowed too much money, he had four million dollars in real estate, but three million dollars worth of debt was in short-term notes because he was flipping this house, flipping these houses before cable TV was a thing, to tell you how and so. We are just moving forward, moving forward, the bank is sold to another bank and a guy in another city looked down and said there is a 26 year old kid who owes us millions of dollars, let's limit this relationship that is bank talk to ruin his life and they called our notes the short version of the story is that we spent the next two and a half years of our life losing everything we had they sued us they sued us so much that we were on a first name basis with the guy from the sheriff's department who brings the lawsuit documents a little pink thing and sharon likes to make him cookies hey harold, how are you doing today?
Alright, miss sharon, here's another one and then we were like he was coming at us like crazy, we had a new baby and a Boy, our marriage was hanging by a thread because now you could have some fights over money, but in a marriage you can having some fights over money, the number one cause of divorce, the number one cause of disagreement in America today, fights over money, we had them now. We didn't get divorced, we hugged each other, but sometimes it was just to get a better grip, y'all know what I'm talking about right, she's from East Tennessee, the hills of East Tennessee, and the frying pan toss , there is finally an Olympic event later.
Being in the shower made my face so hot I could barely stand it. I would lay there and cry because I was so afraid I couldn't breathe year after year, month after month, finally we were broke so I met God on the way, but I met Him on the way down and that changed everything I knew. I had and I surrendered at all times and I'm not talking about a Baptist altar call, I'm talking about I surrendered, we're doing it your way and I'm not. I don't care what other people think, you are the lord, you are in charge and this is your instruction manual, we are doing it this way and I don't care what the other books say and I don't care if anyone is angry. and I don't care if anyone is sad because we're doing it this way and there's a lot of things here I mean, I'm going to raise my kids this way my kids are like dad, what's this about the rods and I'm like? come here honey i will show you i am going to run my marriage this way submit to each other oh no that means i have to draw plates 2500 scriptures on how to manage money and possessions god cares about teaching us how to manage your things way towards his glory, he's really worried about it and I said, well, God, apparently I'm ignorant when it comes to money, I have a degree in finance and all these letters and licenses after my name, but here I am with no money, so there's a problem with the knowledge base you were operating from something has to change what does it say about money and it's all here?
It's crazy, I'm still learning things 30 years after I started studying this topic and it's crazy how the instructions are deep and detailed and nuanced, it's all there, but you just
takeit, you have to open it and read it, I mean, it's the osmosis running down your arm doesn't work, you really have to understand it, you have to and man, it's hard. hard, so I have a group of young people working on my team, there are about 964 people on our team right now and more or less one and a group of young people on my team and I arrived that day and one of these young people was doing the wrong things that you're supposed to be doing and I said, hey, I'll do it that way, do it this way, huh, I said no, that's wrong, there's a right way to do it, wrong way to do it, you are. doing wrong It's the right way, do it this way and he says, okay, okay, I come back two days later, he's doing it wrong again the same way, I say, hey again, one more time, this is it. the way, don't do it that way, do it this way.
As I come back two weeks later, he is doing it wrong again, I tell him boy, we are going to set you free in the name of Jesus, okay, this is ridiculous and he looks at me and says I'm not like you and I told him you. You don't have to be like me you just have to do it the right way and to the extent that you are not like me and the way you do it you need to change when you are doing it wrong you need to change when you are walking the wrong path in Christianity God says stop, you are doing it wrong when we change that is called repentance in our world I have many things that I regret every day because I do many things wrong, but these things about money I studied it and I studied it and I studied it and I have I've been doing it right for decades and it works and I think I'm a much better husband than the man that woman married 38 years ago. and I'm a much better dad than when I started and in fact, I have grandchildren now and if I don't know how wonderful my grandchildren will be, I've been nicer to their parents, so I want to say that's my My children say, Who are you?
Do you want this one back? Okay, so this one smells, you canhave it and oh man, you will get better if you change. The technical theological term will be called sanctification. Over time we will improve if we change. So let's talk about the five things the Bible says we should do with money. There are a ton of them now, but if you do these five for a couple of decades, one hundred percent of the time you'll get results that will blow your mind. one hundred percent of the time because let me tell you that if you plant corn, don't be surprised if the corn grows while you plant, this is how you will reap if you don't plant anything and wait for the government, don't be surprised if you have mud, this is how it works you are in charge of planting He is in charge of the sun and the rain and there is this dance that we do with God between our works and his blessings and provision and protection that causes this thing where his children the heirs to the throne are blessed a royal priesthood and this is how we do it, The first thing is that you have a written plan, we call it a budget in the financial world, Jesus said not to build a tower without first counting the cost, lest you get halfway and you can't finish and everyone I see you, you start to make fun of you and say that this man started building and could not finish, do not build a tower without first counting the cost.
My friend Zig Ziglar used to say that if you don't aim for anything, you'll hit it every time, my friend John. Maxwell says a budget is people telling their money what to do instead of wondering where it went winning is an intentional act when the super bowl is over and the little reporter runs up and says how did you win the guy never goes no I know. I just got off the bus and this happened. Getting to the Super Bowl is an intentional act that takes decades of developing your skill. No one accidentally grows a bumper crop unless it's a weed.
Nobody, so plant something. Control the process. Control the controllables. Write it. It's my plan thank you sir I'm going to do this I'm going to manage your things I'm going to take care of my own house first it's there remember and we're going to live this plan and we're going to do this What changes everything the second thing is that you need to get out of debt now that we knew Dave Ramsey was going to say this. It's a pretty predictable thing to come out of my mouth, but here's the deal. The borrower is really a slave to the lender.
The ritual is over. the poor and the borrower is the slave of the lender. I have experienced losing everything because I let other people have control over my life. You know what that's called a teacher. Well, Dave, I don't know if I agree with all your theories about. The debt is America, you have the right to be wrong. My old pastor used to say that a man with experience is not at the mercy of a man with an opinion. I have gotten more people out of debt and into wealth than anyone else on the planet. today and I'm not bragging, I just showed you how to do it God's way.
I didn't make any of this up. I stole everything from God and your grandmother, so let's get out of it because it's not fun. Trying to get married like that, take off your glasses, doing that, this is crazy guys, we're walking through our lives where all the money comes in, all the money goes out and only names are changed to protect the innocents we make tons of . money and we don't have any and we can't understand why I know why you gave it all to a financial system that is designed to take it away from you, you gave it away and we have to stop so I stopped borrowing money, period for anything. for whatever reason and this weird thing happened when I didn't have any payments and I got an income, I had money, it was very strange and then when I got money and I bought an asset that generated income that I paid cash for and I was able to keep it.
All of that there was no payment except what the government takes, but I mean, there was no payment and it was an incredible experience and the first few years were difficult because you know other things I wanted to do and I didn't have the money and I had to learn this old magic word called no, most people don't know this word, you press your tongue towards the roof of your mouth, you release it there, no, it's difficult, you can't say it anymore in our world, it's politically incorrect so you know what I did was we took out the scissors and we said no more I'm not going to play with you anymore it's time for a plastectomy it's time for plastic surgery citibank what's in your wallet money american angst thank you discover bondage bank of america oh my god, you don't have credit cards, no, not for 38 years, well, 30 years, that's when I went bankrupt, at first they didn't give me one and then, later, they gave it to me, I didn't want it.
It was because I had learned these things from the Bible and this is my wallet. The green faces of the president. Four pieces of plastic. My debit card for my business. My debit card for my house. My driver's license and my permit to carry a pistol. A guy called me on the radio and said, "You're going to kill me." Payment for my truck. I told him: how much is your truck payment? 763 dollars. You have a payment of 700 trucks. Double Wide 550. Oh man, I said buddy, if your truck payment is bigger than your house payment, you might be a redneck, the borrower is a slave to the lender, you gotta sell that truck, buddy, right?
It is not yours. It sounded good at the time and you and I both know that the reason you called me is because you just wanted someone else to say it out loud with you and also did something stupid because I know what stupid looks like, son, that's it. Stupid, that truck has to go. You're saying I have to sell my truck, what did you just say? Of course I said you sell your truck and stutter that the thing belongs to you, man this is crazy, getting you a truck that you can own instead of it owning you, this is just crazy, the third one.
It surprises people and that fosters high-quality relationships The Bible says don't be fooled Bad company corrupts good habits Did you know that you become the person you hang out with? I was in the north of the day and you know all those people speak the same, they have accents, they thought I had one, but they had a group accent. I saw it and when they moved south they stayed there long enough. We teach them to speak well and they are fun. I love the Yankees. They're amazing, but it's fun. There is a pair. here right now, but they, um, we can have all the phones that we want you to know, you become the person that you associate with.
Studies say that your 10 closest friends over the next decade your income will be between 10 and 15 of the average of your 10 closest. friends and some of you are going to need some new French, well maybe I mean don't let your little son, your little Johnny, run with the grass down the street because you know if he does it will turn into wheat. right, he comes home speaking a language, we don't speak in our house, see, where did you learn that? Because you didn't learn it here, so where did you know it? Oh yeah, it's okay, you become the person you hang out with.
Don't be fooled. Bad company corrupts good habits. So hang out with generous people and you will be generous people. go out with people who read the bible you will end up reading the bible you can't help but do it go out with people who Treat their wives with respect, men and you will find men who treat their wives with respect and you will start treating yours that way. It's an incredible thing that happens, it's a strange thing that happens, so choose carefully. I'm not talking about being nice. with someone or put down other people I'm nice to anyone I love people I love people who are wrong even I love people that's okay, but I'm talking about my team the men in my life who shape my language the men in my life that impact my spiritual wealth my generosity my business mindset and my acumen who are the men in my life that are doing that ladies the same for you you will become the person you were hanging out with now next is save and invest to see if you don't have any payment and you have a plan, the first thing you are going to want to do is save and invest because in the house of the wise man there are stores of select foods and oil and the rest of that proverb says and a foolish man devour everything he has if you spend everything you earn biblically speaking you are a fool I didn't say it god dad don't be mad at me but I've been a fool big red arrow fool full full I know I know what it feels like to be a fool it feels like being broke because I spent everything I earned because I've always been able to make money I just couldn't keep it I always thought I could earn my stupidity and I tried for a long time it doesn't work save and invest you're saving for an emergency fund first save three to six months to prepare for maybe something like a what a rainy day visual aid 2020 right man, I mean, what if you didn't have payments? and a large emergency fund of 20,000 in 2020, or what if you had 20,000 in payments and no money for emergencies in 2020?
Do you have two different results? The answer is yes, in the house of the wise there are shops of select foods and oil. and then that puts you in the position of being incredibly outrageously generous. It's hard to be generous when you're broke. You can be generous and smile and hold the door for someone, but I'm talking about writing a check to feed hungry babies. I'm talking about buying a car for a single mother. I'm talking about how you can reach out and pay the electricity bill to someone who is struggling until the end of the year.
I'm talking about an outrageous generosity, even sometimes spontaneous, and you can do it if you're not broke and you have your things taken care of at home if my living bill is paid I can help someone if I'm still threatened around here I don't even see them god loves to a cheerful giver he loves a cheerful giver so I want you to try this the next time there's a holiday, maybe Easter or Thanksgiving or something, and you're driving to Grandma's house with the kids. Now you will have a great feast that day, but on the way I want you to do it. do something crazy I want you to stop at the waffle house leave the kids in the car engine running stop in front of the window so you can see inside and the people in your car can see inside I want you to get in just leave them out there They'll be talking anyway the kids put the screens down look at this come in get a cup of coffee at the counter she'll come to the counter she'll serve you coffee this is thanksgiving morning and who's working on Thanksgiving Thanksgiving.
Tomorrow at Waffle House pay for your coffee and I want you to take three or four of these Uncle Benjamin Franklin pictures of 100 bills and I want you to slide them in the cup and get out, get out in the car, tell the kids, hey, look at God work. look what god does when he shines she will come and pick up those things and look at them she wonders if it's a trick because in her life it's been a long time since something good happened to her and then when she realizes it's real and then, Even if she was in church that Sunday or hadn't been in church in 20 years of Sundays, one hundred percent of the time the human spirit can smell the spirit of God, she knows what's going on and one hundred percent of the time the times.
The moment after doing this, he goes to thank her and then looks one more time when he realizes that no one is looking and has no idea that there is a family with a six year old sitting in a van looking inside whose father or mom just brought up this idea of the six year old's life being permanently changing while he's watching this, then she comes in and does a snoopy dance because that's all the difference in her month. Now I want you to spend 300 with your spouse on a really nice night out and have fun if we are wicked we know how to give good gifts how much more our heavenly father I want you to learn to enjoy money but I challenge you to have more fun with 300 dollars than that, so to the extent that you're not outrageously generous because you're in debt and haven't saved money, you're not on a plan, and you hang out with selfish people who are concerned about their Instagram photo, any of those five things that aren't there or five of those five things aren't there it's time for all of us to get a little better and change makes god smile when you do he loves you he's crazy about you god we thank you for this day thank you for this amazing church we thank you for pastor craig, thank you for your friendship over all these decades, the incredible work that you have allowed him to do and the work that you have done through him and this incredible team of the holy spirit, god, thank you, thank you, Thank you for the work that matters.
I ask you to bless people help them have the power to change their lives holy spirit speak to them speak through them help them change in the name of Jesus amen as you continue to pray today in all our different churches uh those of you uh who say oh , I feel the same way the waitress would feel, there's something in my spirit that bears witness to this, but you can tell I'm not really a committed follower of Jesus, when Dave talked about debt. There is another type of debt in the Bible, it is called debt of sin and thou.
I know, when we look at money, we all know that we have done stupid things with money, sometimes we feel guilty, but when you look at life, we recognize that we have all done stupid things in life and we feel guilty, we have sinned. really very good news that god loves you so much that he became like you becamein one of us in the person of Jesus who never sinned Jesus the innocent gave his life died and God raised him from the dead shed his blood to pay for our debt of sin by the grace of God through the risen Christ anyone who calls on that name which is above every name the name of Jesus your sins would be forgiven your debt your debt of sin would be erased and you would change you would become brand new today wherever you are looking at those of you who say I need your grace I need your forgiveness today I give up I turn I turn from my sin I repent I turn to Jesus I give him my life that is your prayer Could you raise your hands right now? just lift them up all our churches say yes I give my life to Jesus as we have hands raised in all our churches.
If you're watching online, just write in the chat. I am giving my life to Jesus and now thanks to the goodness of God his presence would you pray with those around you pray out loud pray heavenly father forgive my sins erase my debts jesus save me change me make me new fill me with your spirit so I can follow you thank you for a new life I give you mine in the name of Jesus I pray that someone celebrates great worship of God
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