{"id":33431,"date":"2025-07-02T20:04:13","date_gmt":"2025-07-02T20:04:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/33431\/"},"modified":"2025-07-02T20:04:13","modified_gmt":"2025-07-02T20:04:13","slug":"dave-ramsey-caller-asks-if-its-appropriate-to-dig-into-an-employees-personal-finances-to-decide-their-pay-and-it-gets-complicated-fast","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/33431\/","title":{"rendered":"‘Dave Ramsey’ Caller Asks If It’s Appropriate To ‘Dig Into’ An Employee’s Personal Finances To Decide Their Pay, And It Gets Complicated Fast"},"content":{"rendered":"\n

A business owner who recently called into \u201cThe Ramsey Show<\/a>\u201d found himself in a tricky spot: he wanted to know if it was okay to ask an employee about their personal finances in order to \u201cdig into it\u201d to decide how much to pay them. The answer, unsurprisingly, was layered.<\/p>\n

The caller, Joe, from San Diego, explained that he had taken over another business owner’s book of business in exchange for offering that person a job. \u201cWe had a document drafted that pretty much gave us the book of business in exchange for their employment guaranteed for six months,\u201d Joe said. The acquisition helped Joe’s business grow from $300,000 to over $1 million in revenue.<\/p>\n

Don’t Miss:<\/strong><\/p>\n

However, the employee he took on had run the original business into the ground. Joe described issues ranging from unpaid taxes to a lack of proper insurance coverage. \u201cHe was overpaying himself, taking on debt they didn\u2019t need,\u201d Joe said, adding that the employee hadn’t paid taxes in three years and owed more than $20,000.<\/p>\n

Despite all this, Joe wanted to be generous. \u201cI\u2019m weaning them off being used to be able to live frivolously<\/a>,\u201d he admitted.<\/p>\n

But Ramsey co-host George Kamel<\/strong> stepped in with a clear boundary: \u201cAt Ramsey, we never look at someone\u2019s personal finances to figure out how much we\u2019re going to pay them.\u201d<\/p>\n

Trending: GoSun’s Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved \u2014 Become an Investor in This $41.3M Clean Energy Brand Today<\/strong><\/a><\/strong><\/p>\n

Kamel said the only reason to ask for a budget in the hiring process<\/a> is to make sure someone can actually live on the salary being offered. It\u2019s not about tailoring pay to match someone\u2019s debt. \u201cWe don\u2019t do it to say, well, they need $10,000 to live, let\u2019s pay them $10,000 a month,\u201d he explained.<\/p>\n

Co-host Ken Coleman<\/strong> jumped in to say: \u201cYou already have a pretty good idea about what\u2019s a healthy number, and anything above that is you doing charitable work.\u201d<\/p>\n

Joe estimated that the going market rate to run a branch like this is around $75,000 to $80,000. At most, $90,000. Coleman pressed him: \u201cYou can\u2019t justify a nickel beyond that, true or false?\u201d Joe replied, \u201cThat\u2019s true.\u201d<\/p>\n

Coleman also made it clear that exceeding that amount would only result in problems. \u201cIf you pay him any more than the number you just gave us and he doesn\u2019t make any changes at all… you become resentful,\u201d he warned.<\/p>\n

Story Continues <\/p>\n","protected":false},"excerpt":{"rendered":"A business owner who recently called into \u201cThe Ramsey Show\u201d found himself in a tricky spot: he wanted…\n","protected":false},"author":3,"featured_media":33432,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[64,27913,7780,255,27912,67,132,68],"class_list":{"0":"post-33431","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-business-owner","10":"tag-dave-ramsey","11":"tag-personal-finance","12":"tag-personal-finances","13":"tag-united-states","14":"tag-unitedstates","15":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114785436739951959","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/33431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=33431"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/33431\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/33432"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=33431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=33431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=33431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}