Christians are more than twice as likely to blame poverty on lack of effort.
Dave Ramsey: Leaders Eat Last
<iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/7ldH7mTUe9M?start=360″ frameborder=”0″ allow=”accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture” allowfullscreen></iframe>06:00went off on a rabbit hole but anyway theleaders the first thing that’s going tohappen in this in this organization isthe Ramseys will not get paid our nameson the building that’s the first thingthat will happen before I lay is soldoff and the second thing will happen isour leaders in the operating board arenot going to get paid and by the waythey’re all okay with that and the thirdthing that will happen is we’ve had awhole bunch of volunteers at the nextlevel down that of leadership that saysI’m okay I can make it for 30 days alsoget a paycheck too if it means we don’thave to lay people off those are realleaders they’re putting themselves aheadthey’re putting their team I had theteam’s good ahead of themselvesleadership generally sucks you’reconstantly having make bad decisionswith I mean make good decisions with badinformation and partial knowledge ofwhat’s going on and you got to make thecallanyway it’s high-stress people’sfeelings are involved and no oneappreciates it but you got to do itanyway that’s what leadership is theleadership is going first on the hardthings if you don’t go you’re not you’renot leading it’s not going first on theupside it’s going first on the downsideand assuming the risk and absorbing thatso the team doesn’t have to right Kenyeah well I think a lot of people takingthese loans are following everybody elsewell everybody else is doing I’m gonnado it again let’s break this thing aboutmy finesse my planner who makes lessthan I make is advising me right myaccountant who you know does not hasnever made a payroll in his life exceptis one secretary is advising me on howto run this business no no absolutelynotdo not take these loans out yeah you’regoing to create problems that you don’tsee yet a hundred percent chance of thatyou don’t have to be a rocket scientistto figure this out as my buddy LarryChapman says it ain’t rocket surgery soI mean it’s just you know guys pleaseplease there’s two problems here one isis that you’re counting on debt to beyour supplier you’re your provider thesecond thing is you’re waiting on thegovernment to be your provider neitherone of these turn out to be goodproviders you come up with that is tocreate revenues fresh and different anddigitally in the middle of this mess godo something special and new even ifyou’re just doing it for 30 days thatyou’ve never done before and you maynever do again cut your own pay preservecache preserve cache preserve cache selloff assets and protect your peopleprotect your peoplethat’s what you do well and if we haveto furlough them you’re gonna cry whileyou do it and not take a paycheck to beclear and you said this this morning inour meeting you said at the end of theday if it came down to it after doingall that and you should do all thosethings first we would have to do layoffsbefore we take on debt on principle I’mnot one not on principle because I thinkit’s the shortest way to healing it’sthe best way to run an organizationbecause it’s the most profitable andit’s the smartest it’s the wisest avoidthe stinking debt please guys please andyou can be mad at me and you make fun ofme some dinosaur if you want but I’msitting here freaking open – so shut up
Dave Ramsey Reacts To Potential Stock Market Crash!
Dave Ramsey Reacts To Potential Stock Market Crash!
Transcript
00:02
for those of you that are as old as me
00:04
you remember this when we were kids we
00:07
used to have these things called service
00:08
stations they’re different than gas
00:11
stations because someone would actually
00:12
come out to your car and pump your gas
00:13
for you and I distinctly remember on
00:17
Nolensville Road the main drag right
00:19
down from our home that there was a
00:21
service station on three different
00:23
corners of a possible four corner
00:25
intersection three of them competing
00:27
with each other occasionally a sign
00:30
would go up that would say gas war if
00:33
you’re old you remember gas Wars your
00:36
local gas stations would compete with
00:38
each other and one of them would drop
00:40
the price and all that everybody would
00:42
go over there the other one will drop
00:43
the price more and everybody would go
00:44
over there and the other one drop the
00:45
price more and they’d all go over there
00:46
and these is competition in the
00:49
marketplace without government
00:52
intervention drove the prices down until
00:55
the guys got tired of it and then they
00:56
just kind of raised all the prices back
00:58
up but we’d go through a period of time
01:00
that this head-to-head competition
01:03
caused a gas war and it was competition
01:06
and it was turned out to be good for us
01:08
because we didn’t have a lot of money
01:10
and we could put gas in our tank because
01:12
it was cheaper well guess what Russia
01:17
and the Middle East have decided to have
01:20
an oil war not a war where they’re
01:24
shooting each other but where they’re
01:26
driving the price of oil down
01:28
dramatically it’s dropped 33% over the
01:35
weekend now you know those gas stations
01:38
I was talking about when they dropped
01:39
their prices everybody help me with this
01:42
do they make more money or less money
01:44
with lower prices they made less money
01:47
okay everybody knows this right their
01:49
profits went down didn’t it but they got
01:51
customers and they got to stay in
01:53
business by competing so guess what
01:55
happens when the price of oil goes down
01:57
two guys like Chevron and Exxon people
02:02
like that their profits go down because
02:08
the price of their barrel of oil went
02:10
down that they’re sucking out of the
02:11
ground
02:12
you
02:13
you know that means you’re about to get
02:14
some cheap gas in the coming weeks for
02:16
your car right people if oil drops 33%
02:21
do you know I think it’s going to affect
02:21
your dadgum get price at the pump yes it
02:24
will okay because the gas war will are
02:28
the oil war which gas has made out of
02:30
oil will turn into a gas war at the pump
02:32
around here it won’t have a little sign
02:34
up that says gas war it’s probably
02:36
politically incorrect you probably get
02:37
put in jail but end of the day is you
02:40
guys are gonna get some cheap gas
02:42
because this is driven down now it’s is
02:45
it you think it’s gonna stay down no no
02:47
more than the gas war between the gas
02:48
stations continued forever it’s not
02:51
going to stay down and so Exxon is going
02:53
to survive and Chevron is going to
02:54
survive and BP is going to survive and
02:55
Halliburton is going to survive
02:57
everybody that all these oil stocks that
02:59
are driven by profit in the oil business
03:01
but guess what they’re part of the Dow
03:03
Jones Industrial Average and when their
03:05
profits go away to the tune of 33% over
03:08
the weekend guess what their stock price
03:10
does it goes down oh let’s mix that with
03:14
all of you people have completely lost
03:16
your mind
03:17
over the coronavirus and everybody’s
03:20
scared out of their brains and can’t
03:22
even think clearly now oh and now we
03:25
have a wonderful buying opportunity on
03:28
the stock market today the stock market
03:30
is tanked based on this oil war and the
03:33
coronavirus now let me help you with
03:35
this my friend art Laffer who is one of
03:37
the leading economists in the world
03:38
without a doubt has a great saying he
03:43
says people don’t make good decisions
03:45
when they’re drunk and they don’t make
03:48
good decisions when they’re panicked if
03:54
you’re thinking about pulling your money
03:55
on the stock market because you think
03:57
the coronavirus is going to destroy the
03:59
US economy you are a panicked fool
04:03
you’re a fool Southwest airs stock
04:08
prices down 30% do you think Southwest
04:12
air has lost 30% of its value because of
04:16
the coronavirus in reality I mean learn
04:20
to do a little basic math here that
04:23
means that throughout the next five
04:25
years there
04:27
on their planes would have to be down
04:29
30% for them to have permanently lost
04:32
30% of their value that’s asinine you’re
04:37
panicked or you’re drunk I don’t know
04:39
which it is or both
04:41
that’s ridiculous and so the stock
04:46
market going down is as artificial as it
04:49
can be it is based on drunk people panic
04:52
people in an oil war and that’s what
04:55
it’s based on this is the best buying
04:58
opportunity in 10 or 15 years on the
05:01
stock market today because these numbers
05:05
are down artificially these companies
05:07
have not lost all of this money they’ve
05:11
not lost all of this value do you think
05:13
Cruise Lines dropped 40% in value over
05:18
the last 16 days come on I’m dumb are
05:20
you okay listen here’s the deal
05:23
40,000 people will die of car wrecks
05:25
this year in the u.s. 14,000 people have
05:28
died of the flu so far in the US and
05:30
around 40,000 will die of the flu this
05:33
year in the US 22 people have died of
05:35
the corona virus and yet you cannot find
05:41
a bottle of that hand-washing stuff
05:45
anywhere in any store in America today
05:47
you would think the stuff was gold if
05:50
you got a case of it you ought to put it
05:52
on eBay overnight because some panicked
05:54
fool will pay you $8,000 an ounce for
05:58
that stuff in it people have lost their
06:01
minds if you lost their minds and I
06:05
don’t want the corona virus and I don’t
06:06
want you to die the corona virus and I
06:08
don’t want you to die the flu I don’t
06:09
want you to die in a car wreck I don’t
06:10
want anybody die I want everybody to
06:12
live have a good life I’m here for you
06:14
but you’re sacrificing your entire
06:16
freaking retirement because you’re
06:19
panicked because you watch too much news
06:23
you need to turn off the news you need
06:26
turn off let me tell you the level of
06:29
anxiety you have is directly tied to the
06:32
number of hours a day you spend watching
06:34
news if you just turn it off and open up
06:39
your Bible my friend Zig Ziglar
06:40
say I read the newspaper every morning
06:42
and I read the Bible every morning so I
06:43
can tell what both sides are doing and
06:46
you know I tell you what you’re just
06:48
gonna have to think people when you’re
06:51
drunk and when you’re panicked you don’t
06:52
make good decisions usually as soon as I
06:56
get really really scared right after
06:58
that I get really really desperate and I
06:59
get riot right after that really really
07:01
stupid and cashing out your retirement
07:03
account or stopping your investing or
07:05
bailing on your 401k because you’ve
07:08
watched too much news is absolutely
07:10
asinine do not do that as a matter of
07:14
fact if you’ve got some extra money it’s
07:16
a good week to put some money in I don’t
07:17
believe in market timing I don’t have a
07:19
single dollar allocated in my personal
07:22
budget for timing the market so all of
07:24
my purchases of mutual funds are on
07:26
autopilot they just go when they go but
07:29
I’m kind of regretting that right this
07:30
second because man I could turn a
07:32
million dollars into two million so fast
07:34
right now thank you to Russia and thank
07:37
you to the Middle East for driving the
07:38
oil prices down because I’m gonna get a
07:40
cheap tank of gas from my big butt
07:42
Raptor pretty soon out of you people and
07:44
I’m gonna grin all the way to the bank
07:47
when this stock market comes right
07:48
straight back up and the rest of your
07:50
standing on the sidelines going I lost
07:52
half my retirement because you panicked
What Secret Millionaires Don’t Tell You – Dave Ramsey Rant
What Secret Millionaires Don’t Tell You – Dave Ramsey Rant