|
Dave Ramsey's program is fairly simple. Live within your means. Build your emergency fund to break the cycle of debt. Make a budget to track every dollar. Pay off the smallest debt first. Don't forget to pay yourself (retirement fund). The basic principles are sound. Short term pain for long term gain. It's amazing how many people don't understand/follow this advice. My niece and her husband did the "debt-free scream" several years ago in their 30's and they're raising 2 kids and are getting along great. I wish someone had impressed on me 30 years ago some of this. I'm debt-free now and have been for a decade but if I'd gotten to this point 20 years ago the extra money earned in 10 more years would have made a big difference in my retirement account today. They should have a required class in high school to teach kids this stuff.
__________________
An armed member of society is a citizen, an unarmed member is a subject.
|