Posted on 2/2/14

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

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. 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.

Most Read This Week

November 24, 2015 10077

Distillery to Operate in Old Graham School…

by SurfKY News
November 21, 2015 8800

Injuries Result from Beulah Road Accident

by Doreen Dennis, SurfKY News
November 23, 2015 7667

Relative Charged with Murder, Arson in Deaths of…

by SurfKY News
November 24, 2015 4697

Ohio County Most Wanted - Top 10 - November 24

by SurfKY News
November 24, 2015 3329

Man Injured When Vehicle Collides with Deer

by SurfKY News

Most Read This Month

November 17, 2015 15971

Ohio County Most Wanted - Top 10 - November 17

by SurfKY News
November 18, 2015 14509

Runaway Teen Returns on His Own

by SurfKY News

Stories Trending Now

November 26, 2015 2696

Muhlenberg Sheriff's Office Makes Cocaine Bust

by SurfKY News
November 27, 2015 2458

Madisonville Man Charged with Attempted Murder…

by SurfKY News
November 25, 2015 2441

Man Hospitalized after Early Morning Car Accident

by SurfKY News
November 26, 2015 1748

Hopkins County Health Department Food Scores…

by SurfKY News
November 27, 2015 1283

First United Bancorp Set to Purchase Town &…

by SurfKY News
November 25, 2015 965

Thanksgiving is Peak Day for Cooking Fires

by SurfKY News
November 27, 2015 949

Hooked on Science - Pinecone Hygrometer

by SurfKY News
November 27, 2015 829

Farm City Breakfast Recognizes Importance of…

by Tammy Holloway, SurfKY News
November 26, 2015 701

Hopkins County Warriors Go to National…

by SurfKY News