To keep investing or become owner op?

Its sad that people actually need a guy like Dave Ramsey to tell them basic common sense.

 

Like Dave says, having common sense nowadays is like having a super power.

Sadly, before I found his program, I didn’t know a thing about money. I read a lot of different things growing up but no one ever taught me about financial responsibility or how to make smart money decisions. Most of the things I read were scams on how to get rich fast. I had zero guidance.

I thought car payments and loans and mortgages were just a fact of life. So if you don’t know any better, you will never do the right things to begin with.

Thanks to his program it changed my life, I’m almost out of debt, I just paid over $50K in student loans off and I’m about to have a fully funded emergency fund for the first time ever.

 

I've always looked at it like as long as what was coming in was higher than what was going out then I must be doing something right. Trying to keep up with friends/family/neighbours is what gets a lot of people into trouble.

 

Debt is the single most marketed thing in the world. More than sex, alcohol or cars.

Hard to not get into debt when your friends have nice cars, houses and toys. Unfortunately it’s all just an illusion. I had to learn the hard way.

Good thing is I’ll be paying cash for some land in Colorado next fall to build a house on.

 

Or a depreciating asset.

 

Trucks are a great tax write off….

 

I wouldn’t invest in a taco cart right now. I am investing in water, food, gold, and guns. Without getting into politics and religion. Look around you right now. Use common horse sense. There is no future in this world.
We can and do discuss this in the politics section.

 

If the Jones aren't paying your bills, then don't try to keep up with the Jones.

 

Dave Ramsey is only good for those who don't understand how money works or don't have the discipline to take advantage of the situations in front of them.

EXAMPLE:

DR: Cash is KING!

Me: Well, this card gives me 2% cash for every purchase at a gas station or restaurant and this other card gives me 1.75% cash back for every purchase, I figure I can get about 1.95% cash back on every purchase... just run them up and pay them off every two weeks.

I generally make about $600/yr using this method (on top of the few bux I make while saving the money between payoffs). That's $50/month I'd be losing out on if I paid attention to DR.