Breaking Free From Broke Quotes

“And things aren’t slowing down either. In 2023, outstanding credit card debt hit a record high of $1 trillion.15 For reference, that’s one thousand billion. And it’s spread out among 55 million households, with each household balance averaging over $14,000.16 That debt has become harder to pay off too, thanks to insane interest rates which, as of 2023, average 22 percent.17 All of this makes credit cards one of the highest-interest debts a consumer can get, second only to scum-of-the-earth payday loans.”
― George Kamel, Breaking Free From Broke: The Ultimate Guide to More Money and Less Stress

“More stuff won’t make you more complete.” In fact, the more you own, the more you have to worry about.”
― George Kamel, Breaking Free From Broke: The Ultimate Guide to More Money and Less Stress

“51 percent of people who earn more than $100,000 report living paycheck to paycheck.106”
― George Kamel, Breaking Free From Broke: The Ultimate Guide to More Money and Less Stress

“The gap between financial stress and financial peace is littered with traps, myths, distractions, and slick marketing designed to keep you brainwashed and broke.”
― George Kamel, Breaking Free From Broke: The Ultimate Guide to More Money and Less Stress

“the feeling of living paycheck to paycheck. Every payday felt less like a celebration and more like a quick gasp for air before diving back into a sea of bills and expenses.”
― George Kamel, Breaking Free From Broke: The Ultimate Guide to More Money and Less Stress

“money is just a magnifying glass: It makes us more of whoever we are. That’s all it does. It’s a tool. Value is about identity as much as utility.”
― George Kamel, Breaking Free From Broke: The Ultimate Guide to More Money and Less Stress

“Salespeople are trained to convince you to buy. The most ruthless salespeople of all go by the name . . . Girl Scouts.”
― George Kamel, Breaking Free From Broke: The Ultimate Guide to More Money and Less Stress

“The paid-off home mortgage has taken the place of the BMW as the status symbol of choice. –Dave Ramsey”
― George Kamel, Breaking Free From Broke: The Ultimate Guide to More Money and Less Stress

“If you think nobody cares if you’re alive, try missing a couple of car payments. –Earl Wilson”
― George Kamel, Breaking Free From Broke: The Ultimate Guide to More Money and Less Stress

“It’s now a well-researched fact, thanks to a 2023 study by the Federal Reserve. They set out to determine who, exactly, pays for credit card rewards. The results, though expected, are alarming. In their report, the Fed said, “We estimate an aggregate annual redistribution of $15 billion from less to more educated, poorer to richer, and high to low minority areas, widening existing disparities.”27 Wow.”
― George Kamel, Breaking Free From Broke: The Ultimate Guide to More Money and Less Stress

“Shop with an independent insurance agent. Your old college buddy who works for fill-in-the-blank insurance company? He’s called a “captive agent” because he only can sell you insurance from . . . you guessed it: that insurance company. Instead, work with an independent insurance broker who can get quotes from a variety of top-rated companies to get you the best deal. PS: We have a network of insurance pros that are RamseyTrusted who can find you the best coverage at the best price.”
― George Kamel, Breaking Free From Broke: The Ultimate Guide to More Money and Less Stress