Q:

-bash: /Users/myname/.bash_profile: Permission denied

I installed rvm (ruby version manager) and it was success, but I got

WARNING: You have '~/.profile' file, you might want to load it, to do
  that add the following line to '/Users/myname/.bash_profile': source
  ~/.profile

I am new to developing, terminals and all that jazz!  But better late than never?! 
I entered into terminal:
'/Users/myname/.bash_profile'

and got back the following line 
-bash: /Users/myname/.bash_profile: Permission denied
myname-MacBook-Pro:~ myname$

And that is where I am stuck!  I need vrm for Drupal (Omega development) and want to make sure that everything is working fine.  Thanks for your help. 

A:

Enter the .bash_profile file by running this in your terminal:
vim ~/.bash_profile
If you still get permission denied, run sudo before the vim command
sudo vim ~/.bash_profile
From there, add the text source ~/.profile to .bash_profile, then hit :wq on your keyboard to save and close the file.  Opening a new terminal window should remove the error. 

A:

Entering a filename will try to execute it.  Instead, you want to edit it. 
Open TextEdit (or your favorite editor) and open the file /Users/myname/.bash_profile in it.  
You can do this entirely through the UI, but if you want, you can start an editor from the terminal:
open -a TextEdit /Users/myname/.bash_profile

You can then add the line source ~/.profile to the file and save it. 
Close the terminal and open it again to apply the changes.