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Dave Ramsey reveals he owed $3 million of debt and had to pay it all back in 6 months
"The largest bank we were dealing with got sold, and then another lender heard we were in trouble 'cause we were in trouble, and so we had to come up with all of the $3 million worth of debt that we were in in like six months, and that was impossible in real estate"
"So it started a crash of foreclosures and lawsuits and stress that lasted two and a half years. So at 28 years old, I started learning common sense financial principles from old people that were rich, and started telling people to live on less than you make, and be on a budget, and get out debt"
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