The Ramsay Show includes a matter of the day that leads to interesting conversations. Dave RamsayThe show hosted the show and the author of several more selling financial books, agreed with one of the statements of his listener about the economy.
In the question of the day, a listener has rejected the idea that you can only become rich if you take away the wealth of someone else. Instead, the listener believes that economic growth through innovation allows everyone to take advantage. Ramsay applauded the listener’s conclusion and doubled from the absurd economy with a zero amount.
“Pie’s theory is someone who is not ignorant of the main economy,” Ramsay said.
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He continued to share some examples of why this was the case. Ramsay also focuses on the mentality of people who believe that the little boy cannot move forward because the big man continues to accept all the wealth.
Ramsay points out that the economy has grown a lot since 1776. If the economy has grown only by people who make pieces of pie from each other, we would still have left 1776 technologies and solutions to key problems.
However, the economy is growing rapidly due to innovation, industrial age and other factors. Growth has led to a bigger pie that takes advantage of everyone instead of wealthy people who take all the slices of the pie from others.
Ramsay compares the economy with a candle instead of pie. When you add light to a candle, it becomes more bush. You do not remove anything from the economy or take away resources from someone else. You just add to it.
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Until the economy works in Pie’s theory, you will see Pie’s theory in action. Ramsay gave a gambling as a good example of pie theory. If you and another person bet, one of you will make money while the other will lose them.
There are zero -sum games and many of those including a cash center around gambling. Option trade is another good example of pie theory. The only way the merchant wins is if someone else loses.
However, this is not applied to the economy and pie theory is not even applied to the financial markets. Ramsay mentions that if Apple reports good profits and earns value, it is beneficial for all shareholders. It is not like a shareholder to lose his slices from Paya to take advantage of another shareholder.
Reality is a bitter pill to swallow for some people, and Ramsey brings out this when it talks about the defenders of Pie’s theory. He views this cohort as eternal whims that they prefer to complain instead of making meaningful changes in their lives.
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Ramsay compares it to someone who blames the fast food restaurants for being eating them. These restaurants exist, but people who become overweight eat in these restaurants regularly choose to eat at these restaurants.
The real problem is the person in the mirror. Here’s how Ramsay looks at people who prefer to blame rich people for their financial shortcomings.
Envy is also a driving force for Pie and Ramsay theory outlines a personal example that makes this issue. He said no one was upset when he sold 10 copies of his book from the back of his car while starving. However, now that he has sold more than 10 million copies of his books, some people look at him as a bad person. Suddenly he is greedy.
Ramsay believes that part of this mentality stems from mixed theology. Many people incorrectly spin the message that the Bible says that money is the root of all evil. However, Ramsay explains that the Bible says that the love of money is the root of all evil. This is more about character than money. In fact, money doesn’t change people. When you pass on money to people, it reveals who they are already.
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This article Dave Ramsay takes off the inequality of wealth: “Pie’s theory is someone who is an ignorant of the main economy,” originally appeared on benzinga.com
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