>>>
>>> GOOD
>>> GOOD MORNING EVERYONE AND WELCOME TO GREAT DAY HOUSTON.
IF YOU HAVE NOT RECEIVED THE
BILLS OF CHRISTMAS PAST YET,
THEY ARE COMING.
PILE THAT ON TOP OF YOUR
EXISTING BILLS AND MANY OF US
FEEL LIKE WE'RE DROWNING IN A
SEA OF DEBT.
WE HAVE A FINANCIAL ADVISOR
HERE TO HELP US COME UP FOR
AIR.
AIR.
AIR. >>
AIR. >> I
AIR. >> I AM HERE TODAY TO TELL YOU
THAT YES YOU CAN.
>> IF SOMETHING HAPPENS IN THE
HUMAN SPIRIT IN YOU START TO
REALIZE I CAN DO THIS.
I CAN MAKE SOME CHANGES.
>> I HATE TO SEE PEOPLE
STRUGGLING.
STRUGGLING. I WANT THEM TO WIN AND DO THE
THINGS THEY NEED TO DO THAT I
WANT TO TEACH THEM.
THAT IS WHAT I GET THE JOY OUT
OF.
OF.
OF. IF
OF. IF I
OF. IF I CAN BE A SOURCE OF
ENCOURAGEMENT TO HELP PEOPLE
CHANGE THEIR MINDSET STOP MONEY
FIGHTS AND STOP DIVORCE OVER
MONEY THAN I HAVE TO DO MY JOB.
I HAVE TO GET THE MESSAGE OUT
SO PEOPLE CAN HAVE HOPE AND NOT
JUST TALK ABOUT IT.
>> HE IS THE AUTHOR OF EVERYDAY
MILLIONAIRES AND A COACH FOR
RAMSEY SOLUTIONS.
RAMSEY SOLUTIONS. WELCOME CHRIS HOGAN.
>> THANK YOU THANK YOU.
>> BEFORE WE TALK ABOUT MONEY,
YOU WILL HAVE TO DO THIS.
WOULD YOU DO A LITTLE BARRY
WHITE?
WHITE?
WHITE? >>
WHITE? >> YOU ARE MY FIRST, MY LAST
AND MY EVERYTHING.
>> THERE WE GO.
>> I WAS LISTENING TO DOCTOR OZ
THIS MORNING AND HE SAID THE
NUMBER ONE STRESSOR IN PEOPLE'S
LIVES CENTERS AROUND MONEY.
>> I WOULD BELIEVE THAT.
MONEY IS LIKE LOVE.
IT IS ONE OF THE THINGS WE ALL
HAVE TO DEAL WITH.
A CUT TOLD ME YEARS AGO YOU'RE
EITHER GETTING BETTER OR WORSE.
NOTHING STAYS THE SAME.
THIS MONEY STUFF IS FEARFUL.
IT IS CAUSING STRESS.
80% OF PEOPLE ARE LEAVING
PAYCHECK TO PAYCHECK.
THAT IS 8 OUT OF 10.
INSIDE OF THE PSALMS, EVERYBODY
LOOKS LIKE EVERYTHING IS OKAY
THERE IS FINANCIAL STRESS GOING
ON.
ON.
ON. >>
ON. >> YOU'RE WALKING ON PINS AND
NEEDLES.
NEEDLES.
NEEDLES. PROTECTING YOURSELF OF THE
CARGOES BETTER MEDICAL IMMERSION
EMERGENCY.
EMERGENCY. >> WHEN WE LOOK AT HOW OUR
PARENTS DEALT WITH MONEY I HAVE
TO DEPRESSION BABIES.
MY DAD SAVED EVERYTHING AND HE
WOULD WIPE OFF A PIECE OF FOIL
AND USE IT AGAIN.
SERIOUSLY.
SERIOUSLY. MY MOM ON THE OTHER HAND, GOT
WHATEVER SHE WANTED BECAUSE SHE
INVESTED WELL.
INVESTED WELL. SHE GOT A CAMEL HAIR COAT ONCE
IN SEVERAL OTHER COLORS DO THEY
COME IN?
COME IN?
COME IN? SHE BOUGHT FIVE MORE AND HAD
ONE DYED RED, ONE THAT BLACK
AND ONE GREEN.
SHE GOT WHAT SHE WANTED.
I'M KIND OF IN BETWEEN.
I GET WHAT I WANT BUT I DON'T
PAY FULL PRICE FOR IT.
BUT WE HAVE TO LOOK AT HOW WE
GREW UP.
GREW UP.
GREW UP. >> THAT IS KIND OF A HEREDITY.
HOW WE LOOK AT IT AND HOW WE
VIEW IT.
VIEW IT.
VIEW IT. SOME PEOPLE FAMILIES NEVER
TALKED ABOUT IT SO YOUR LEFT ON
YOUR LINE TO TRY TO FIGURE IT
OUT.
OUT.
OUT. AND
OUT. AND YOU KNOW ON COLLEGE
CAMPUSES.
CAMPUSES.
CAMPUSES. THE CREDIT CARDS ARE THERE.
SIGN UP AND WILL GIVE YOU A
FREE PIZZA.
FREE PIZZA. I GET FRUSTRATED BECAUSE THESE
YOUNG PEOPLE DON'T KNOW.
>> WE ARE NOT LEARNING IN
SCHOOL.
SCHOOL.
SCHOOL. >> THE YEARS OF DEBT THAT CAN
FOLLOW THAT FREE PIZZA IS NOT
WORTH IT.
WORTH IT.
WORTH IT. >> LET'S GO BACK TO WHAT YOUR
UNDERSTANDING OF MONEY WAS.
WHAT WAS THE MOMENT WHEN HE
SAID AHA?
SAID AHA?
SAID AHA? >> I WAS ONE OF THE ONES THAT
SIGNED UP ON THE COLLEGE
CAMPUS.
CAMPUS.
CAMPUS. I
CAMPUS. I FELT LIKE I WAS DOING AN
ADULT THING.
ADULT THING. WHAT I WAS DOING WAS DANGEROUS.
I WAS SETTING MYSELF UP.
IT WOULD TAKE ME FIVE YEARS TO
PAY THAT THING OFF.
I LEARNED THE LESSON HARD THE
FIRST TIME.
FIRST TIME. BUT I DIDN'T GET THE LESSONS
THAT I WENT BACK AND DID IT
AGAIN.
AGAIN.
AGAIN. MINDSET WISE AND LEARNING HOW
TO COUNT AND I WAS WORKING IN
THE BANKING INDUSTRY BUT IT WAS
AT THE TIME I WAS WORKING IN
BANKING I REALIZED SOMETHING.
WE DON'T KNOW HOW MONEY WORKS.
EVERYBODY NEEDS IT AND WANTS IT
BUT IF YOU DON'T HOW IT WORKS
MONEY WILL END UP WORKING YOU
INSTEAD OF YOU WORKING IT.
>> AND BACK TO THAT COLLEGE
THING.
THING.
THING. HAD A CREDIT CARD AND IT SAID
YOU HAVE GRADUATED FROM THE
UNIVERSITY IT SHOWS YOU'RE A
RESPONSIBLE PERSON.
RESPONSIBLE PERSON. IT GAVE ME A $5000 LIMIT.
I PUT THE DOWN PAYMENT ON MY
CAR THAT I BOUGHT ON THAT
CREDIT CARD AT 20 SOMETHING
PERCENT INTEREST.
PERCENT INTEREST. HAD NO IDEA WHAT THAT MEANT.
I DON'T DO CREDIT CARDS
ANYMORE.
ANYMORE.
ANYMORE. >> WE ALL HAVE TO HAVE THAT
WAKE UP ALL.
WHEN YOU BORROW SOMEONE ELSE'S
MONEY THEY CHARGE YOU INTEREST.
THAT INTEREST IS A PENALTY FOR
USING THEIR MONEY.
WHEN WE INVEST OUR MONEY WE
GAIN INTEREST AND WERE BEING
REWARDED.
REWARDED.
REWARDED. WHAT WE HAVE TO DO IS REALLY
MAKE A DECISION.
DO I WANT TO BE PENALIZED FOR
USING SOMEONE ELSE'S MONEY OR
BE REWARDED FOR USING MY OWN.
>> THAT IS A CLEAR LINE OF
DISTINCTION.
DISTINCTION. >> WHAT HAS HAPPENED WITH MONEY
IS OUR PARENTS WOULD BORROW
MONEY AND SWEAT TO PAY IT BACK.
I THINK A LOT OF US LOOK AT IT
AS AN EXTENSION OF OUR INCOME
AND IF YOU THINK OF IT THAT WAY
THE BIG MISTAKE IS THAT THE
HOLE GETS DEEPER AND DEEPER.
>> NOW YOU START RELYING ON IT
MONTH AFTER MONTH, YEAR AFTER
YEAR.
YEAR.
YEAR. BUT
YEAR. BUT I AGREE WITH YOU.
THAT MEANS TOO MANY PEOPLE ARE
LIVING BEYOND THEIR MEANS.
IT REALLY COMES BACK TO SOME
HABITS.
HABITS.
HABITS. REALLY BEING ABLE TO UNDERSTAND
I DON'T WANT TO FEEL THIS WAY
ANYMORE.
ANYMORE.
ANYMORE. WE HAVE PEOPLE THAT ARE OPENING
UP CREDIT CARD STATEMENTS FOR
CHRISTMAS AND THEY WILL OPEN
THOSE UP AND THEY WILL PAY ON
THOSE 41-2 YEARS.
CHRISTMAS COMES IN DECEMBER
EVERY YEAR.
EVERY YEAR. >> I WANT PEOPLE TO PAY CASH.
HAD A LADY WHO CAME UP TO ME IN
SHE SAID CHRIS HOGAN, YOU AND
DAVE RAMSEY DON'T WANT NOBODY
TO HAVE NO STUFF.
>> I STARTED LAUGHING BECAUSE I
KNEW WHAT SHE WAS SAYING.
I SAID NO HONEY NO.
I WANT YOU TO HAVE STUFF BUT I
DON'T WANT STUFF TO HAVE YOU.
THAT MEANS IT REQUIRES A
PAYMENT FROM YOU EVERY MONTH.
>> A CAR WE GET IT.
THAT CAN GET YOU TO AND FROM
WORK.
WORK.
WORK. >>
WORK. >> PAY CASH FOR IT AND OWN IT
OUTRIGHT.
OUTRIGHT.
OUTRIGHT. >> I WON'T SAY WHAT A LOT OF
PEOPLE WILL BE SAYING.
WE WILL PAY CASH IF WE HAD IT.
YOU DO FINANCIAL COUNSELING AT
RAMSEY SOLUTIONS AND I THINK A
LOT OF PEOPLE LOOK AT IT AND
SAY WERE LIVING PAYCHECK TO
PAYCHECK BUT IF DO THE
FORENSICS YOU CAN FIND
SOMETHING THAT YOU CAN CUT BACK
ON.
ON.
ON. WHEN
ON. WHEN YOU CUT BACK YOU SEE THE
ACCOUNT GROW.
ACCOUNT GROW. TO ME IT IS FUN.
I WILL SAY I'M GOING TO ADJUST
THE WAY I DEAL WITH MONEY.
>> I HAVE BEEN WITH DAVE FOR 13
YEARS.
YEARS.
YEARS. I'VE BEEN DEALING WITH MONEY
FOR OVER 20 YEARS.
GETTING PEOPLE TO MAKE THAT
STATEMENT, I'M GOING TO MAKE
SOME ADJUSTMENTS.
SOME ADJUSTMENTS. NOBODY LIKES CHANGE BUT
EVERYBODY LIKES IMPROVEMENT.
LOOK AT HOW YOU ARE GOING TO
IMPROVE THIS YEAR.
THAT MEANS YOU DON'T KEEP DOING
THE SAME THING OVER AND OVER.
YOU KNOW THE DEFINITION OF
INSANITY.
INSANITY.
INSANITY. I WANT THIS TO BE THE YEAR THAT
PEOPLE NOT ONLY EXPECT CHANGE
BUT THEY DO SOME THINGS
DIFFERENT.
DIFFERENT. WE ALL HAVE MONEY ONLY.
MONEY LEAKS.
MONEY LEAKS. YOU MAY NOT KNOW THIS BUT I
LIKE SHOES.
LIKE SHOES. MOST OF THE TIME WOMEN GET A
HARD TIME ABOUT SHOES.
I LOVE SHOES.
NOW I WAS GOING TO SAVE UP AND
PAY CASH.
PAY CASH.
PAY CASH. WHEN YOU BUY SOMETHING WITH
CASH YOU DON'T HAVE THE
OBLIGATION OR THE STRESS LATER.
SLOW DOWN AND FIND OUT WHERE
YOU TEND TO DO MONEY CRAZY.
IF IT'S GOING TO THE MALL,
DON'T GO.
DON'T GO.
DON'T GO. IF YOU CANNOT AFFORD IT, DON'T
GO.
GO.
GO. >>
GO. >> I
GO. >> I KNOW THERE ARE PEOPLE
WATCHING SAY THAT YOU TWO HAVE
MONEY.
MONEY.
MONEY. >>
MONEY. >> I HAD NOTHING AT ONE TIME.
HAD A MATTRESS ON THE FLOOR IN
AN OLD TV.
PART OF MY SAVING MONEY WAS I
HAD TO GET RID OF MY CAR.
I MOVED CLOSER TO WORK SO I
COULD WALK TO WORK.
ABOUT THREE OUTFITS.
I CONVINCE MYSELF THAT NO ONE
KNEW I HAD THE SAME THREE
OUTFITS.
OUTFITS.
OUTFITS. I BOUGHT STUFF FROM GOODWILL.
I DID WHAT I HAD TO DO TO GET
OUT OF DEBT.
I GET IT WHEN PEOPLE SAY I
CAN'T SAVE ANYTHING.
>> I WANT PEOPLE TO STOP MAKING
THOSE STATEMENTS.
THOSE STATEMENTS. DON'T SAY YOU CAN'T SAVE.
JUST TELL ME YOU WON'T.
WE MAKE ROOM FOR THE THINGS
THAT MATTER THE MOST TO US.
I DON'T KNOW ABOUT YOU BUT I
HAVE THREE YOUNG BOYS AND I
WANT THEM TO HAVE BETTER.
ONE WAY FOR THEM TO HAVE BETTER
IS FOR ME TO DO BETTER.
STOP SAYING YOU CAN'T.
JUST THAT YOU WON'T.
I HAVE SEEN PEOPLE GO FROM
HOMELESS WHO HAVE BUILT WELL.
I HAVE SEEN PEOPLE EATING THE
FOOD IN THEIR PANTRY INSTEAD OF
GOING TO THE STORE.
>> THE GUY CAME TO THE DOOR AND
I STARTED COUNTING MY PENNIES
OUT OF THE GUY SAID I'M JUST
GOING TO BUY THIS FOR YOU
BECAUSE I DON'T HAVE TIME FOR
THAT.
THAT.
THAT. >>
THAT. >> SOMETHING AND YOU DECIDED TO
SACRIFICE.
SACRIFICE. WHAT WAS THAT?
>> I HAD TO GET OUT OF DEBT.
I WAS PARALYZED BY IT.
I WAS PARALYZED BY BILL
COLLECTORS CALLING.
COLLECTORS CALLING. I WOULD SIT IN A CORNER AND
CRY.
CRY.
CRY. I
CRY. I KNEW THAT ONCE I GOT OUT I
WOULD NEVER BE IN THIS POSITION
AGAIN.
AGAIN.
AGAIN. AND IT WASN'T FOR ANYTHING THAT
WAS WORTH THE MONEY.
>> YOUR BOOK, WE ARE TALKING
ABOUT MILLIONAIRES.
ABOUT MILLIONAIRES. MOST PEOPLE THINK MILLIONAIRES
ARE PEOPLE WHO INHERITED THE
MONEY OR YOU GOT A GREAT JOB OR
WHATEVER.
WHATEVER.
WHATEVER. THERE ARE A WHOLE LOT OF QUIET
MILLIONAIRES IN THE COUNTRY WHO
DID IT BY DOING SMART FINANCIAL
PRACTICES.
PRACTICES. IT COULD BE THE MAIL CARRIER OR
A TEACHER.
A TEACHER. >> WE DID THE LARGEST STUDY
EVER DONE ON MILLIONAIRES.
WE TALKED TO OVER 10,000 ACROSS
THE COUNTRY.
THE COUNTRY. WE HAD TO END UP USING A
RESEARCH FIRM TO HELP US WITH
THIS.
THIS.
THIS. PEOPLE WOULD THINK ARE THEY
TRUST FUND BABIES?
DID THEY INHERITED?
DID THEY GET LUCKY?
WE FOUND OUT THE TRUTH.
THESE MILLIONAIRES ARE
EVERYWHERE ARE WORKING MANY
WOMEN THAT HAVE FOCUSED AND
SACRIFICED OVER TIME AND HAVE
BEEN VERY CONSISTENT.
THEY ARE HIDING IN PLAIN SIGHT.
YOU ARE GOING TO CHURCH WITH
THEM, YOU WERE BESIDE THEM,
YOU'RE DRIVING DOWN THE ROAD
BESIDE THEM.
BESIDE THEM. THEY ARE NOT FLAUNTING IT.
BUT OUR FOCUS.
>> MY MAIL CARRIER HAD TWO
PAIRS OF SHOES.
THEY WERE VINYL.
AND I SAID WELL THEY HOLD UP IN
THE RAIN.
THE RAIN.
THE RAIN. SO HE SAID THAT IS IT.
WHY DO I NEED ANOTHER PAIR OF
SHOES?
SHOES?
SHOES? THEY FOUND OTHER WAYS TO SAVE
MONEY AS WELL AND BEFORE THEY
KNEW IT, THEY WERE RETIRING AND
LIVING THEIR BEST LIFE.
>> WE ARE LISTENING TO PEOPLE
THAT TELL US THAT THE LITTLE
MAN CANNOT GET AHEAD THAT IT IS
IMPOSSIBLE FOR PEOPLE TO BUILD
WEALTH.
WEALTH.
WEALTH. THAT IS WHY I AM A BOOK TOUR.
THAT IS A LIE.
YOU HAVE AN OPPORTUNITY IN
FRONT OF YOU.
WE LIVE IN AMERICA.
YOU CAN HAVE A THOUGHT AND A
DRINK AND DECIDE TO START
WORKING TODAY.
WORKING TODAY. IF YOU HEAR THAT YOU CAN'T OR
YOU SHOULDN'T, WHAT HAPPENS IS
PSYCHOLOGICALLY YOU START TO
FEEL LIKE YOU ARE NOT ALLOWED.
YOU ARE NOT AVAILABLE TO DO
THAT AND I WANT PEOPLE TO KNOW
THAT IS ALIVE.
THE AMERICAN DREAM IS AVAILABLE
TO YOU.
TO YOU.
TO YOU. YOU HAVE TO DECIDE AND START TO
WORK AND ACT LIKE YOU MEAN IT.
WHEN YOU MEAN SOMETHING WE CAN
GET SOME STUFF DONE.
LITTLE PEOPLE IN IT DELTA02
DON'T GET TO DECIDE MY FUTURE.
I DO.
I DO.
I DO. >>
I DO. >> WE ARE GOING TO TAKE A
BREAK.
BREAK.
BREAK. WE
BREAK. WE HAVE SOMEONE IN OUR AUDIENCE
WHO HAS A QUESTION AND A
BIRTHDAY TODAY.
BIRTHDAY TODAY. >> GOOD MORNING.
I AM GLAD TO BE ON DEBORAH
DUNCAN SHOW.
DUNCAN SHOW. TODAY ON GREAT DAY HOUSTON.
I AM 73 TODAY AND I WOULD LIKE
TO KNOW FROM CHRIS HOW CAN I
MAKE AN INVESTMENT AT THIS AGE.
>> HOLD THAT THOUGHT AND WE
WILL ANSWER THAT WHEN WE COME