Dave Ramsey explains how bankruptcy changed his life

Financial expert and friend of the program Dave Ramsey joined Glenn on radio this morning to discuss his new book Smart Money Smart Kids: Raising the Next Generation to Win with Money. In the book, Dave and his daughter Rachel offer tips to parents on how to raise money-smart kids in a debt-filled world. Dave talked to Glenn about how his own bankruptcy changed his life and why the principles of hard work and commitment should resonate with every American regardless of age.

To begin, Glenn asked Dave to talk a little bit about his experience filing for bankruptcy 26 years ago. One of Dave’s daughters was born in April, and he filed for bankruptcy in September – an experience that completely changed his life.

“It was that reset button. We hit the wall… It was bad,” Dave said. “So we had to start completely over – how we looked at money and how we viewed money. This whole ‘Dave Ramsey’ thing started then, but all we were trying to do was pay the light bill.”

Dave’s latest book, which he wrote with his daughter, seeks to help parents teach their children how to make smart financial decisions from an early age.

“We all look at our kids… and… we think that's our do-over. That's our clean slate, our flash start. It could be that way with money as well. You really can leave a legacy,” Dave explained. “But you have to teach them the life skill of money – not only for the sake of your legacy and your future, but it's how they get to be good citizens, how they get to be real adults.”

So where do you start?

Dave suggested approaching conversations about money the same way you approach any other teachable moment – when the opportunity arises.

“I think the same way we teach them everything else… You catch teachable moments. You don't have to have a generosity seminar Saturday morning. You just talk about generosity… If they don't naturally give, you eventually lean into it a little and make them give,” he said. “They have to build the giving muscle. Same with the saving muscle. Make them save and make them make wise decisions when spending.”

Any parent can think back to a time in which they coached their child to consider whether or not making a purchase was really the best decision. Dave recommends being very intentional in calling attention to those types of choices and decisions.

“We all coached a kid on what toy to buy. 'That will break in 30 minutes.' 'Save up a little longer and get the good one,'” he explained. “We all had that discussion with our children. All we are telling people to do is have that discussion a little more and be very intentional about it.”

With that in mind, Glenn asked Dave how he taught his kids about the difference between socialism and capitalism.

“First thing you teach them is where money comes from. It comes from work and serving others, and capitalism, when done right, is about the service of others. As our friend Rabbi Lapin says, ‘They give you certificates of appreciation with presidents' faces on them. They will show their appreciation when you do that. That's capitalism,” Dave said. “Socialism is when… you do less work than someone else and they get the same grade as you. That's not fair.”

“The name of the book is Smart Money Smart Kids by Dave Ramsey and Rachel Cruz, his daughter. [It’s] worth picking up and worth reading,” Glen concluded. “Raising kids – there's nobody in our society that is teaching kids how to be logical anymore, even with their money. They're not going to learn this any place else other than you. You don't know how to teach it? Smart Money Smart Kids by Dave Ramsey.”

On Monday's episode of "The Glenn Beck Radio Program," Glenn opened up about the tragic death of his brother-in-law, Vincent Colonna Jr., who passed away unexpectedly on April 5. He also shared some of the important thoughts and insights he's learned through the grieving process.

"Last Monday, I was sitting in this chair ... the two-minute warning comes and Stu said to me, 'You ready for the show?'' ... And that's when my wife [Tania] came to the door of the studio here at our house and said, 'I...' and she held the phone up. And then she collapsed on the floor in tears," Glenn began. "Tania's brother had passed. To say this was a shock, is an understatement."

Glenn described his brother-in-law as having "a servant's spirit."

"He was always the guy who lit up the room. He was always the guy helping others. He would never stop, because he was always helping others," Glenn said of Vincent. "He was on the school board. He was a little league coach. He was the soccer coach. He helped build the church. He took care of the lawn of the church. He was constantly doing things, raising money for charity, working over here, helping to organize this. But he was never the guy in the spotlight. He was just the guy doing it, and you had no idea how much he had done because he never talked about it.

"We also didn't know how much mental anguish he was in because he never talked about it. And last Monday morning, after spending Easter with the family ... he killed himself. This is now the third family member of mine that has gone through this. And I keep seeing it play out over and over and over again, in exactly the same way."

Glenn described his thoughts as he, Tania, and her family struggled to come to grips with the devastating loss.

"I learned some really important things as I was watching this wake. I'm seeing these people from all walks of life ... the people that were there, were there because [Vince] made a difference in their life. He was a true servant. As I'm watching this, all that kept going through my mind was, 'by their fruits, ye shall know them.' The fruits of his labor were on display. He was a servant all the time. All the time ... he found a way to love everybody.

"There are two great commandments: Love God with all your heart and mind and soul. And love your neighbor. So those two great commandments boil down to: Love truth. Because that's what God is," Glenn said.

"Love thy neighbor. That's where joy comes from. The opposite of joy is despair, and that is the complete absence of hope ... and how do you find joy? You find joy by rooting yourself in the truth. Even if that's a truth you don't want to accept. Accept the truth," he added. "But we have to stop saying that there's nothing we can do. What are we going to do? Well, here's the first thing: stop living a lie."

Watch the video clip below to hear more from Glenn:


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After imprisoning a pastor for refusing to follow COVID-19 restrictions, Canadian officials barricaded his church. And when some church members retaliated by tearing down part of the fence, Canadian Mounties arrived in riot gear.

Rebel News Founder Ezra Levant joined Glenn Beck on the radio program to give his insight on the crazy situation. He described the new, armed police presence surrounding GraceLife Church in Edmonton, Alberta, and how it not only encouraged hundreds of protesters to stand with the church in support but forced congregation members underground to worship as well.

What's happening is eerily similar to what occurs everyday in China, Levant says, and it must stop. Who would have thought this type of tyranny would be so close to home?

Watch the video below to hear Ezra describe the religious persecution taking place in Canada.


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Enough prayers? Why is supposed Catholic Joe Biden suggesting that Congress ought to stop praying for after someone commits acts of gun violence?

On Friday, Stu Burguiere and Pat Gray filled in for Glenn and discussed President Joe Biden's remarks during his speech on gun control. "Enough prayers. Time for some action," Biden said. Stu and Pat were surprised how dismissive Biden appeared to be on the idea of prayer.

Watch the clip to hear more. Can't watch? Download the podcast here.

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Just days after Canadian pastor James Coates was released from prison for refusing to bow to COVID-19 lockdown restrictions, several police officers showed up at another church to ensure restrictions were being followed. But Polish pastor Artur Pawlowski of the Cave of Adullam Church in Alberta, Canada, knew his rights, telling the cops not to come back until they had a warrant in hand.

Filling in for Glenn Beck on the radio program this week, Pat Gray and Stu Burguiere played a video of the interaction.

"Please get out. Please get out of this property immediately. Get out!" Pawlowski can be heard yelling at the six officers who entered his church.

"Out! Out! Out! Get out of this property immediately until you come back with a warrant," he continued. "Go out and don't come back. I don't want to talk to you. You Nazis, Gestapo is not allowed here! ... Nazis are not welcome here! Do not come back you Nazi psychopaths. Unbelievable sick, evil people. Intimidating people in a church during the Passover! You Gestapo, Nazi, communist fascists! Don't you dare come back here!"

Watch this clip to see the heated exchange:

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