The average American family is burdened by massive debt, often due to foolish decisions they’ve made with their money. On today’s edition of Family Talk, Dr. James Dobson continues addressing the subject of financial stability with author and national radio host, Dave Ramsey. Dave describes how to live within ones means, and highlights the distinction between a want and a need. He quotes 1 Timothy 6:6-7 which says, “But godliness with contentment is great gain. For we brought nothing into the world, and we can take nothing out of it.” Dave reminds us to have a proper perspective about material things and the contentment that can only be found in Christ Jesus.

As consumers, we are bombarded with sales pitches and ads that play on our subconscious, which can cause us to make bad financial decisions if we’re not privy to these marketing ploys. On this classic edition of Family Talk, Dr. James Dobson talks with author and financial expert Dave Ramsey about the marketing schemes that threaten our fiscal stability. He shares his experience of becoming a multimillionaire by the age of 26, and how he crashed and burned by the time he was 30. “We were foreclosed on, sued, and finally were bankrupt!” Dave also shares how he and his wife were given a chance to start over and how they received a new life in Christ after hitting rock bottom.