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by
Dave Ramsey
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July 14 - September 3, 2018
Winning at money is 80 percent behavior and 20 percent head knowledge.
IF YOU WILL LIVE LIKE NO ONE ELSE, LATER YOU CAN LIVE LIKE NO ONE ELSE. This
Our advice: Honestly assess your earning capacity and live below your means. Be in control of your own destiny and your own happiness!
For your own good, for the good of your family and your future, grow a backbone. When something is wrong, stand up and say it is wrong, and don’t back down.
Most people won’t change until the pain of where they are exceeds the pain of change. When
Albert Einstein said, “Great spirits have often encountered violent opposition from weak minds.”
Beverly Sills had it right when she said, “There is no shortcut to anyplace worth going.”
The silly marketing that America falls for has resulted in this: we buy things we don’t need with money we don’t have in order to impress people we don’t like. “Ninety
knew that if I would live like no one else, later I could live like no one else.
Smart Money magazine quotes the National Auto Dealers Association (NADA) as stating the average new car purchased for cash makes the dealer an $82 profit. When the dealer can get you to finance with them, they sell the financing contract and make an average of $775 per car! But if they can get you to fleece the car, the dealer can sell that fleece to the local bank or GMAC, Ford Motor Credit, Toyota Credit, etc., for an average of $1,300! The typical car dealer makes their money in the finance office and the shop, not in the sale of new cars.
Car leasing
People with common sense don’t give sixteen-year-olds beer to teach them how to hold their liquor.
Common sens
We wanted to create teachable moments so that the kid branding would be counteracted by common sense. We taught our kids to work—not like being at some boot camp, but that doing chores equals money. Our kids were on commission, not allowance. Work and get paid; don’t work and don’t get paid. It’s just like the real world. Our children put their newly earned money in envelopes labeled Save, Spend, and Give. When a child learns to work, save, spend, and give under a mature parent’s direction, the child can avoid the messages that say a credit card equals prosperity.
How to introducse kids to finacial responsibility
Debt is not a tool; it is a method to make banks wealthy, not you. The borrower truly is slave to the lender. Your largest wealth-building asset is your income. When you tie up your income, you lose. When you invest your income, you become wealthy and can do anything you want.
Your largest wealth building tool
The secrets of the rich don’t exist, because the principles aren’t a secret. There is no magic key, and if you are looking for one, you’ve set yourself up for pain and the loss of money.
Secrets of the rich
the sooner you understand that no one gets rich quick by using secret information, the better.
The get rich quick scam
“A budget is people telling their money where to go instead of wondering where it went.”
Whagt is budget
I am not against the enjoyment of money. What I am against is spending money when you do not have money to begin with.
Spend per your means
“A good man leaves an inheritance to his children’s children”
P's philosophy
The point is, we must identify the enemy, the hurdles to winning. To set out a game plan and not acknowledge the obstacles to that plan would be immature and unrealistic. Those of us who have been knocked around
Acknoswledge your obstacles
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and you will save almost $150,000 and fifteen years
