EP. 1758

04/14/25

Dave Ramsey

“Culture creates trust and stuff moves at the speed of trust.”

Dave Ramsey: How To Create Financial Freedom & Become Your Own Boss

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In this powerful conversation at Ramsey Solutions headquarters, Dave Ramsey shares the emotional scars from his early business struggles that transformed into 35 years of success. From the trenches of entrepreneurial battle, Dave reveals how the hardest work you’ll ever do is during a business’s earliest days, when you’re doing everything yourself and feeling like you’re on an endless treadmill. With refreshing vulnerability, he recounts how his wife’s intuition has repeatedly saved him from disastrous business decisions, and explains why building a company culture where negativity isn’t tolerated creates an environment that accomplishes the work of four times as many people. Whether you’re launching your first business or aiming to leave a legacy, Dave’s practical wisdom offers a roadmap for entrepreneurs who want to build something meaningful without sacrificing their soul in the process.

Daveโ€™s new book Build a Business You Love: Mastering the Five Stages of Business

Daveโ€™s book Total Money Makeover

Daveโ€™s book Entreleadership: 20 Years of Practical Business Wisdom from the Trenches

The Ramsey Show podcast

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"It's gonna take twice as long as you think, it's gonna cost twice as much as you think, and you're not the exception. Those are the three rules of business." – Dave Ramsey
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Some Questions I Ask:

  • “If someone was asking you, ‘Dave, I want to launch my own business,’ and you could give them three keys of really what to look out for before launching it to try to set them up for some type of success and eliminate as much pain as possible, what would they be?”
  • “How did you learn to manage your mind or your emotions during the first three to five years of launching the business when things changed so much?”
  • “What would you say after 35 years in this business is the biggest mistake you’ve made in the last few years?”
  • “Is there something you think about within your spiritual practice of an intention before you come here every day, before you do a show, before you have a meeting, that really grounds you?”
  • “For those that are struggling or scrambling or just trying to figure this out, what should they be thinking? Should they even be thinking that they can build a business they love in this season of life?”
  • “What advice do you have for those in a situation on how to make sure you can have a thriving marriage while handling a business?”
  • “How have you learned to be emotionally invested in people and really lifting them up, but not emotionally devastated when they leave for whatever reason?”

In this episode, you will learn:

  • Why the first stage of business feels like a treadmill and how to strategically move beyond it
  • The three rules of business that apply to everyone: it takes twice as long, costs twice as much, and you’re not the exception
  • How to develop the emotional resilience needed to handle the inevitable setbacks of entrepreneurship
  • Why your first business idea is probably “an ugly gargoyle” that needs significant refinement
  • How creating a culture of trust allows Ramsey’s 1,100 employees to accomplish the work of 4,000 people
  • The critical importance of taking your time with hiring decisions and why emotional competence trumps raw talent
  • How Dave structures his succession plan to ensure Ramsey Solutions thrives beyond his leadership
  • Why Dave considers stewardshipโ€”viewing the business as God’s, not his ownโ€”the foundation of his success
  • Plus much more…

Show Notes:

The School of Greatness Podcast
The School of Greatness Podcast

The School of Greatness Show

The School of Greatness shares inspiring interviews from the most successful people on the planetโ€”world-renowned leaders in business, entertainment, sports, science, health, and literatureโ€”to inspire YOU to unlock your inner greatness and live your best life.