dave R2 300KENTUCKY (9/15/13) – This week Dave discusses 'Wealthy, but not spoiled' and 'A rough lesson'.

Dear Ryan,
I know this will sound mean to some people, but you simply explain to them that they are not wealthy.

I remember a time years ago, after we’d gone broke, that we managed to scrimp and save and finally had a little bit of wealth. We bought a nice car and my son piped up from the back seat, all smug and satisfied, “We’re doing pretty good, huh?” I’ll admit it was kind of funny, but it was also a teachable moment. I looked at him and said, “I’m doing pretty good, but you’re broke!” That was a pretty consistent message around the Ramsey household as the kids were growing up. If you’re not working and making your own way, you’ve got nothing.

The second thing is we taught them, from a very young age, was to work. That can start with simple things like kids cleaning up their rooms or doing the dishes after dinner. It should carry over to the teenage years as well. Every able-bodied child should be working and earning money, whether it’s their own entrepreneurial idea, at a store in the mall or babysitting.

The third thing we did was based in our faith. As evangelical Christians, we taught our kids that we don’t really own anything. It all belongs to God, and one of our jobs is to wisely manage the things He entrusts to us. The first rule is to take care of your own household—the important stuff. After that, it’s okay to have some nice things, but it’s not all about pleasure. It’s also about giving and extraordinary levels of generosity.

Teach them to work. Teach them to be givers. And gently remind them once in a while that they’ve got nothing until they go out and earn it. - Dave
Dear Dave,
My dad opened a credit card account in his name a few years ago to help with my college bills, and he made me an authorized user. Now he’s delinquent on the card and I’m receiving collection calls and notices. Do I owe the credit card company money? - Steve

Dear Steve,
No, an authorized user is not liable. The account is in your dad’s name, and you didn’t sign anything. He’s the one legally responsible for the money owed.

I want you to be careful, though. Lots of credit card companies will badger people and use all kinds of pressure and guilt trips to try to collect money from people who don’t owe them anything. They just want their money, and they really don’t care who writes the check.

Get them to remove you as an authorized user today. Send them a letter demanding this via certified mail, return receipt requested, so you’ll have proof. Also, make sure they understand that you’ll sue them for about $10 million if they don’t comply immediately. You shouldn’t be reported to the credit bureaus for any of this, but companies can report just about anything—even inaccurate information—to the bureaus.

You have rights as a consumer, and you are not legally liable for credit card debt when you’re just an authorized user. But make sure you check your credit report regularly in the future. Some of these companies make a habit of repeatedly downloading misinformation to the bureaus in an effort to bother and bully people into paying debts they don’t owe! - Dave

Dave Ramsey is America’s trusted voice on money and business. He’s authored four New York Times best-selling books: Financial Peace, More Than Enough, The Total Money Makeover and EntreLeadership. The Dave Ramsey Show is heard by more than 6 million listeners each week on more than 500 radio stations. Follow Dave on Twitter at @DaveRamsey and on the web at www.daveramsey.com.

Disclaimer: The content supplied by columnists and letters to the Editor on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such content, statement, or opinions therein. SurfKY News does not necessarily adhere to or endorse content provided by outside non-staff sources.

e-max.it: your social media marketing partner

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story on social media.

In Other News...

Travis Ipox Appointed as New Agency Manager of Hopkins County Farm Bureau

LOUISVILLE, Ky. (10/9/15) — Travis Ipox, has been appointed as the new agency manager with Kentucky Farm Bureau… Read More

Hopkins District Court Fines Handed Down

HOPKINS COUNTY, Ky. (10/9/15) — The following fines were handed down recently in Hopkins District Court. Randall G.… Read More

Most Read This Week

October 06, 2015 4895

County Passes Occupational Tax Ordinance

by Doreen Dennis, SurfKY News
October 07, 2015 4817

Alleged Attempt to Hide Meth in Doughnuts Results…

by SurfKY News
October 05, 2015 4140

Four Charged with Drug Offenses after Motel…

by SurfKY News
October 06, 2015 3830

Dawson Man Charged with Cultivating Marijuana,…

by SurfKY News
October 07, 2015 3305

Vehicle Overturns during Two-Car Collision

by Rita Dukes Smith, SurfKY News Director

Most Read This Month

September 16, 2015 13487

Mining Accident Fatality - Update

by Doreen Dennis, SurfKY News
September 30, 2015 11544

Dawson Woman Dead After Princeton Factory…

by SurfKY News

Stories Trending Now

October 10, 2015 3156

25-Mile Car Chase on Pennyrile Ends in Two Arrests

by SurfKY News
October 09, 2015 939

Travis Ipox Appointed as New Agency Manager of…

by SurfKY News
October 09, 2015 938

Hopkins District Court Fines Handed Down

by SurfKY News
October 09, 2015 874

Madisonville Police Arrest Reports Released -…

by SurfKY News
October 09, 2015 737

OPINION: No Simple Answer to Violent Attacks

by Ron Sanders
October 09, 2015 699

2016 Kynect Open Enrollment Period Begins Nov. 1

by SurfKY News
October 09, 2015 634

Rider Killed in Motorcycle Collision with Bucket…

by SurfKY News
October 09, 2015 595

LG&E, KU Utility-Scale Solar Facility…

by SurfKY News
October 09, 2015 538

McConnell Comments on Court Decision Halting WOTUS

by SurfKY News
October 09, 2015 508

A.G. Conway Issues Statement Regarding Sixth…

by SurfKY News