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I'm a fan of Dave Ramsey. Do I worship the guy? No. Do I think he's a bit overrated? Yes.
But, he's done a great job of talking about finances in a common sense way that everyone can understand. And I believe his 7 steps to financial freedom is a great plan to go by. I've talked about this plan before, but over the next couple of weeks I'm going to share my thoughts and experiences on each step in a way I've never done before.
The first step is actually step 0. Apparently, 8 steps to financial freedom doesn't sound as good as 7. And admit it, if you saw two books on the shelf and both offered financial freedom, wouldn't you take the one with less steps. So, Dave pulls a fast one on us right off the bat, we're all excited to get started on step 1, and here he's thrown us a curve ball with step 0. Step 0 doesn't even sound important, doesn't it sound like you could just skip it. But in actuality, step 0, is the most important step.
Step 0 - Make A Decision to Change
If you're going to be successful at anything, you have to be able to make a decision and stick to it. You can't lose weight, if you continue to cheat on your diet. However, you can lose your spouse, by cheating on them. Funny how life works, isn't it. So, in order to experience financial freedom, you need to talk to the man in the mirror, take a look at yourself, and make a change (First, and hopefully not the last, Michael Jackson reference in this series).
It's really easy, to say we want change. It's a whole notha thing, to actually do something about it. Kinda like the Obama administration, lol, j/k my democratic readers. You have to make the decision that you're willing to do whatever it takes to fix your finances. If that means you have to sell your motorcycle, you're willing to do it. If it means, eating out less, you're willing to do it. If it means, getting a second job, you're willing to do it. Still want to make that change?
Anything worthwhile in life comes with sacrifice. You don't lose weight by eating a box of twinkies a day. If you really want this, know that it's not going to be easy. If you're married, sit down with your spouse and discuss this, because it's going to take both parties working together. It's not going to be easy, but in the end it's going to be worth it.
Getting Started (a tip to help you take step 0) - Cut up your credit cards. You can't get out of debt, if you keep getting into debt. If you need to keep one for emergencies, keep the one with the lowest interest rate. Cut up the rest. And emergencies aren't, there's a sale at JC Penny's. You have to learn how to save for your purchases, not just pull out a card. Good Luck.
But, he's done a great job of talking about finances in a common sense way that everyone can understand. And I believe his 7 steps to financial freedom is a great plan to go by. I've talked about this plan before, but over the next couple of weeks I'm going to share my thoughts and experiences on each step in a way I've never done before.
The first step is actually step 0. Apparently, 8 steps to financial freedom doesn't sound as good as 7. And admit it, if you saw two books on the shelf and both offered financial freedom, wouldn't you take the one with less steps. So, Dave pulls a fast one on us right off the bat, we're all excited to get started on step 1, and here he's thrown us a curve ball with step 0. Step 0 doesn't even sound important, doesn't it sound like you could just skip it. But in actuality, step 0, is the most important step.
Step 0 - Make A Decision to Change
If you're going to be successful at anything, you have to be able to make a decision and stick to it. You can't lose weight, if you continue to cheat on your diet. However, you can lose your spouse, by cheating on them. Funny how life works, isn't it. So, in order to experience financial freedom, you need to talk to the man in the mirror, take a look at yourself, and make a change (First, and hopefully not the last, Michael Jackson reference in this series).
It's really easy, to say we want change. It's a whole notha thing, to actually do something about it. Kinda like the Obama administration, lol, j/k my democratic readers. You have to make the decision that you're willing to do whatever it takes to fix your finances. If that means you have to sell your motorcycle, you're willing to do it. If it means, eating out less, you're willing to do it. If it means, getting a second job, you're willing to do it. Still want to make that change?
Anything worthwhile in life comes with sacrifice. You don't lose weight by eating a box of twinkies a day. If you really want this, know that it's not going to be easy. If you're married, sit down with your spouse and discuss this, because it's going to take both parties working together. It's not going to be easy, but in the end it's going to be worth it.
Getting Started (a tip to help you take step 0) - Cut up your credit cards. You can't get out of debt, if you keep getting into debt. If you need to keep one for emergencies, keep the one with the lowest interest rate. Cut up the rest. And emergencies aren't, there's a sale at JC Penny's. You have to learn how to save for your purchases, not just pull out a card. Good Luck.
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