In a surprising twist on *The Dave Ramsey Show*, the famously debt-averse financial guru did not immediately shoot down a caller’s desire to buy a $250,000 Porsche. The caller, a newly qualified cardiologist set to earn $650,000 annually with a substantial signing bonus, sought permission for the luxury splurge. Ramsey’s core condition was unequivocal: the purchase was only acceptable if paid for in cash, with no debt, after all other financial foundations were secure. He stressed that with such a high income, the car could be a reasonable reward—but only after becoming debt-free, maintaining a robust emergency fund, and ensuring long-term goals like retirement and his children’s education were funded.
Ramsey dissected the caller’s finances, noting he lacked the liquid cash for the Porsche outright and carried significant mortgages on a rental and primary home. While not opposed in theory, Ramsey advised against financing the car, bluntly stating, “You deserve it when you can pay for it. Until then, you don’t.” He suggested practical alternatives, such as selling the rental property to free up capital or opting for a cheaper pre-owned model. His overarching advice was to delay the purchase for several years, using that time to achieve debt-free status and save systematically. This delay would allow for building true financial security and provide a cooling-off period to ensure the extravagant purchase would genuinely add value to his life.
The discussion highlighted Ramsey’s fundamental principles of financial prioritization and resisting impulsive gratification. He acknowledged the caller’s hard work and the legitimacy of wanting to enjoy his success, but emphasized that responsible indulgence must follow financial discipline. For high earners like the caller, Ramsey pointed to comprehensive wealth management services, such as Range, which offers flat-fee planning to optimize taxes, investments, and estate strategies—ensuring that splurges don’t derail long-term stability. The key takeaway is a lesson in balance: major luxury purchases can fit into a healthy financial plan, but only after essential responsibilities are met and the purchase is made without taking on debt.
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Forrás: https://finance.yahoo.com/news/dave-ramsey-tells-cardiologist-earning-105900535.html.