Paying the price to win in the long run

  • Save smart: if you are not willing to pay the price of saving and investing in the short-term you will face a lifetime of mediocrity, warns Dave Ramsey

    Save smart: if you are not willing to pay the price of saving and investing in the short-term you will face a lifetime of mediocrity, warns Dave Ramsey

Dear Dave,

What can someone do if they canít convince their spouse to begin planning and saving? Iíve tried for years to persuade my wife to join me in following your plan, but I canít get her to start thinking about our financial future and stop living in the moment.


Dear Donald,

It sounds like your wife, for whatever reason, is not willing to pay a price for a short period of time. Iím sorry to say it, but that kind of thinking is a one-way ticket to a lifetime of mediocrity. If youíre unwilling to pay a price to win, then youíre going to end up paying the price that comes with never having paid a price.

In essence, youíre asking me how to get her to grow up. Iím not sure thereís a way to convince her at this point. If sheís not willing to delay getting or doing things she wants, thatís a sign of immaturity. You canít change that within another person. It must be a conscious, willing decision on their part.

Maybe you could try letting her know that being careful with your money and planning for the future doesnít mean you canít have any fun. It just means you may have to delay certain things for a little while. My wife and I do and have lots of cool things now, because we saved like crazy and sacrificed years ago. We lived like no one else, so now weíre able to live like no one else. In other words, we paid a price to win!


Dear Dave,

I own a small business with two employees, and I have a bit of a hiring conundrum. Iím looking at two candidates for a position, and on paper theyíre evenly matched. Iíve interviewed each of them four times, and Iím still undecided. I was hoping you had an idea for determining which is best for the job.


Dear Bryan,

As an entrepreneur, thatís a great problem to have. Iím glad you understand the wisdom of interviewing potential hires more than once. Sometimes business owners hire a person after just one meeting. Thatís a really bad idea.

Have you let your team members talk to them? Sometimes other people ó especially those who might be someoneís co-worker ó will pick up on things you missed during a formal interview. You might also think about scheduling a meeting with each of the candidates off-site. People tend to be more at ease in an informal setting, like a restaurant or coffee shop, and this could lead you to discover new things. Sometimes, a more relaxed setting allows you to see the whole person, and decide if you like who they really are. It can also lead someone to say things that might cause you to hire them ó or not hire them.

Something we always do at my company is a final interview over dinner. Spouses are invited to this meeting, and we encourage them to speak into the situation. Iím not talking about a big test, just conversation and a friendly, family atmosphere. You can tell a lot about a person by how they talk to, and interact with, their spouse. And sometimes a spouse, if there is one, will catch things you missed during other interviews.

Iím impressed that youíre taking this seriously, and devoting some real time and energy to hiring. Your thoughtfulness leads me to think youíll make the right decision!


ē Dave Ramsey is CEO of Ramsey Solutions. He has authored seven bestselling books, including The Total Money Makeover. The Dave Ramsey Show is heard by more than 14 million listeners each week on 585 radio stations and multiple digital platforms. Follow Dave on the web at and on Twitter at @DaveRamsey.<,/i>

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Published Jul 21, 2018 at 8:00 am (Updated Jul 20, 2018 at 11:30 pm)

Paying the price to win in the long run

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