Dollars and Sense

Money guru Dave Ramsey’s passion is educating people about money. 

At the lowest point in his life, Ramsey struggled to advise even himself. He’d lost everything he’d built in real estate to a market downturn and had to declare bankruptcy.

That twist of fate led him to his calling of helping people understand money and manage their finances. He rebuilt his company into a 400-employee media franchise in Franklin, TN that incorporates a successful radio show, several best-selling books, and money-management events.

Ramsey believes the time to teach people to understand money is when they are children. His children were never given money – they had to earn it. At age 15, they got their own checking accounts and had to budget them. If they had an overdraft, they had to go to the bank and apologize. Ramsey believes in teaching “contentment”- keeping your child’s desires and expectations realistically in check.

“You can’t teach your kid to save if you don’t save, or give if you don’t give, and they have to see you doing it and know why.”

Money is a stress point for many people of all ages. But a parent giving their child the gift of how to interact with money in life is a real blessing.