Dave Ramsey says: Remind your children that wealth only comes to those who work

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  • Liberal Ted Salt Lake City, UT
    Sept. 27, 2013 9:51 a.m.


    I see what you are trying to get at with your statement. However, even people who inherit great wealth can become broke in a short amount of time if they don't work. With work, in my mind it isn't about hard labor. Work is getting up and doing whatever it is you do to legitimately pull in an honest income (selling drugs, weapons etc not included).

    If I'm a day trader and can create wealth doing that. Then it still requires me to stay on top of it, stay on top of what's going on making decisions etc.

    If I mow lawns, then it requires me to get business, mow the lawn, hire employees etc.

    I can give you one example after another of people that win the lottery, inherit money, earn the money and then lose it.

    You always have the government that wants to take your money, family that wants to take it, entitled people that don't work that want it, sale people etc.

  • Gildas LOGAN, UT
    Sept. 12, 2013 10:09 a.m.

    I liked Dave's comment that his child was "broke"; at least it makes you think. I think that Mr Ramsey's children will be taught to work, and that it will do them good.

    Still let's acknowledge:

    1. The wealth "aristocracy" ( we are familiar with just a few prominent names) contrive to keep their wealth in the family. Some of their children may get by without hard work, although a work ethic is often instilled to some extent. Their heirs start life with advantages that most never have.

    2. There are white collar criminals who gain wealth by deceit, fraudulent representations rather than hard work. There is "insider trading".

    3. Still others gain "filthy lucre" by dishonest and discreditable means. These may be respected businessmen who "corner a market" or mark up products by several times their value, sell shoddy products, or underpay employees while there is an enlarged labor pool.

    4. Others live off wealthy spouses or manipulating the legal system (in questionable lawsuits).

    5. Dire Straits sang about "Money for Nothing" gained by "entertainers".

    Still a good, industrious man will likely never starve.

  • LDS Aerospace Engineer Farmington, UT
    Sept. 11, 2013 11:31 p.m.

    I am an Aerospace Engineer.

    When people ask me who I work for, I tell them "Bank of America" -
    Because most of what I earn goes to them!

    I also work for United Healthcare, Big Oil, the State of Utah and the Federal Government.

    My family and I try to scratch out a living on the 15% that is left over.

  • Howard Beal Provo, UT
    Sept. 11, 2013 5:16 p.m.

    I'm college educated, I work two jobs, sometimes three, and am far from rich. Maybe I'm teaching my children that the best they can hope for in life is to work two or three jobs, see less of their family and basically over time be lucky to stay in the same place with their standard of living. This is the current American Dream for most Americans...

  • UtahBlueDevil Durham, NC
    Sept. 10, 2013 6:44 p.m.

    Patriot... did you pay the full cost of your kids education? Or your education? Have you ever used emergency services? Did you pay the cost of that service? Are you paying the actual cost of transportation infrastructure you use? The list could go on, and on, and on. I am reasonably comfortable that you cost the government more than you pay in taxes....

    Everyone is the beneficiary of REDISTRIBUTION. Rich. Poor. Everyone.

    Your taxes do not cover your cost. So you can just stop playing that worn out song.

  • patriot Cedar Hills, UT
    Sept. 10, 2013 4:51 p.m.

    correction Dave - wealth may FIRST come to those that work but it is then REDISTRIBUTED to those that sit on their buns...the Obama model.

  • airnaut Everett, 00
    Sept. 10, 2013 2:50 p.m.

    I don't the think rich get rich by working any harder than the rest of us.

    The DN just reported this:

    "Top 1 percent in US took biggest share since 1928"
    By Paul Wiseman
    Associated Press
    Published: Tuesday, Sept. 10 2013 2:28 p.m. MDT

    20% more this year.
    19% more last year.

    The rich keep getting richer, the 99% of the rest of us keep getting poorer.

  • Irony Guy Bountiful, Utah
    Sept. 10, 2013 2:44 p.m.

    My friend has a picture of the son of the owner of the company on her desk. The caption reads, "If you work really really hard, someday all of this will be mine."

  • UtahBlueDevil Durham, NC
    Sept. 10, 2013 2:03 p.m.

    "Profits come from the exploitation of wage labor"

    Not necessarily. Profits come at producing something of value that the consumer is willing to compensate you for your value add. What is a just profit is a debatable point. But profit - gain - increase - does not have to come at the expense of another. It doesn't have to come at the exploitation of the worker. It doesn't have to come by taking advantage of a consumer.

    If you feel you are getting just value from what you spent, the profit in that product is justifiable and not abusive.

  • marxist Salt Lake City, UT
    Sept. 10, 2013 9:27 a.m.

    Profits come from the exploitation of wage labor. So the vast majority of people who work hard will never be wealthy, whereas the wealthy are such because of the sweat of others.

  • redshirt007 tranquility base, 00
    Sept. 10, 2013 9:06 a.m.

    You can certainly better your life with hard work AND prudent living. But that's not the path to wealth in our capitalist system.

    To become wealthy you need to tap into the benefits of many other people's work.

  • redshirt007 tranquility base, 00
    Sept. 10, 2013 9:04 a.m.

    And Jesus said to His disciples, "Truly I say to you, it is hard for a rich man to enter the kingdom of heaven. 24"Again I say to you, it is easier for a camel to go through the eye of a needle, than for a rich man to enter the kingdom of God."

    Yet we live in a culture that wants to do it anyway...

  • Older Mom Roswell, GA
    Sept. 10, 2013 8:20 a.m.

    A wise, former Bishop of mine,once said, "Work is a spiritual necessity, even if it is not a financial necessity." I do not know who he was quoting but that quote has always stayed with me. Our Bishop was a self made multi millionaire. He was extremely charitable and hardworking. All of his children, now grown, have turned out to be wonderful, righteous people.

  • UtahBlueDevil Durham, NC
    Sept. 10, 2013 6:00 a.m.

    I disagree with Ramsey.... the money I earn is for my family... it is not mine because I earned it. As family members, we each have responsibilities in our management and stewardship of that money. Each has a responsibility to make sure we spend that money as wisely as possible... myself, my wife, and my kids.

    Each family member contributes to the welfare of the family.... they may be each different, but they all contribute. Making kids feel they have no ownership in that responsibility, or denying them the right to enjoy the benefits of that effort i think teaches all the wrong messages about what is truly important.... the health of the family unit, not a particular persons wealth.

  • redshirt007 tranquility base, 00
    Sept. 10, 2013 12:38 a.m.

    If it were only so....

    I can't name anyone that became rich solely from their own labors. It's not even a good theory in the US.

  • Open Minded Mormon Everett, 00
    Sept. 9, 2013 5:37 p.m.

    Forbes? - Nope
    Bush? - Nope
    Kennedy? - No
    Rockefeller? - Not even close
    Walton's [WalMart] - Nope
    Hilton - Negatory

    Money Changers on WallStreet don't really "work".

    Face it - The 1% who own 80% of everything do not work.
    It's the 99% of the rest of us fighting over the 20% left over table crumbs who are doing the work.

  • EdGrady Idaho Falls, ID
    Sept. 9, 2013 5:19 p.m.

    Get real Ramsey, money changers on Wall Street haven't worked a day in their lives.

  • Nosea Forest Grove, OR
    Sept. 9, 2013 5:14 p.m.

    Only the 1% truly believe we are living in a meritocracy -- the rest of us know better by now.

    The premise that "you work hard and you get ahead (become wealthy)" is so ridiculous in the face of current facts, anyone could debunk such propaganda. For instance, 10s of millions of US workers all of sudden became lazy and immediately lost their job skills after the financial collapse so that they had to be thrown out of work and onto welfare (not become wealthy because they were not working hard enough). The opposite is of course that the "job creators" have done such a great job of creating jobs, that they deserve to take 93% of all the profits (they work 400 times harder than and are at least 500 times smarter than everyone else, so they deserve to take it all -- winner take all, you know).

    Maybe, just maybe, it is really the "job creators" who have the biggest "skills gap" of all and are the laziest of all, and their propaganda is just a way to conceal such -- that the truly idle, the true "takers," are really themselves "taking" it all while contributing very little.

  • mcdugall Murray, UT
    Sept. 9, 2013 3:37 p.m.

    "...wealth only comes to those who work" What country are you living in Mr. Ramsey? That statement is ridiculously untrue. There are droves of wealthy individuals who never worked a day in their life due to inheritance.

    Sept. 9, 2013 3:09 p.m.

    yes cali94 you are just a victim of the poor.

  • Mark B Eureka, CA
    Sept. 9, 2013 2:43 p.m.

    Nothing against Ramsey, and he didn't write the headline, but it's not too hard these days to pass on wealth to heirs in pretty large amounts, whether the heirs are "makers" or "takers".

  • Schwa South Jordan, UT
    Sept. 9, 2013 2:19 p.m.

    Paris Hilton disagrees.

  • Californian#1@94131 San Francisco, CA
    Sept. 9, 2013 2:13 p.m.

    I don't wanna be "wealthy." I just want to get my food for nothing (after all, upper-middle-class families have their kids on school breakfast and lunch programs), have my rent subsidized, and have public financing for cosmetic surgery or a new sex. With the money I save, I can pay my cable TV and cell phone bills. What more could I want? (Especially if I have to WORK for it).