90 Deep Quotes from The Total Money Makeover By Dave Ramsey
This is one of those books that I will force my children to read.It's overflowing with wisdom and it's so funny.I'm sure it's one of the best self-help books ever written about managing money.
Here are the quotes:
‘’Most of us know what to do, but we just don’t do it. If I can control the guy in the mirror, I can be skinny and rich.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’You are the king of your future.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’All winners pay a price to win.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Don’t wait for a heart attack to show you that you are overweight.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Few people have the courage to seek out change.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’It is human nature to want it and want it now; it is also a sign of immaturity.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’It will rain; You need an umbrella.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’It is human nature to want it and want it now; it is also a sign of immaturity. Being willing to delay pleasure for a greater result is a sign of maturity.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Debt adds considerable risk, most often doesn’t bring prosperity, and isn’t used by wealthy people nearly as much as we are led to believe.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Debt brings on enough risk to offset any advantage that could be gained through leverage of debt.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’There is no short-cut to any place worth going.”
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’The best way to build wealth is to become and stay debt-free.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’If I loan money to a friend or relative, the relationship will be strained or destroyed. The only relationship that would be enhanced is the kind resulting from one party being the master and the other party a servant.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’We have all experienced loaning someone money and finding an immediate distancing in the relationship. We don’t control how debt affects relationships; debt does that independently of what we want.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’It is fine to give money to friends in need if you have it, loaning them money will mess up relationships.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’The borrower is servant to the lender.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Hundreds of times I’ve seen relationships strained and sometimes destroyed. We all have, but we continue to believe the myth that a loan to a loved one is a blessing. It isn’t; it is a curse. Don’t put that burden on any relationship you care about.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’It’s stupid to guarantee someone else’s loan. I have cosigned loans and ended up paying them; one poor guy cosigned for me, and he ended up paying when I went broke. If you truly want to help someone, give money. If you don’t have it, then don’t sign up to pay it, because you likely will.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’That sums up consigning.Broken hearts and broken wallets. That’s how cosigning usually goes, so unless you are looking for a broken heart and a broken wallet, don’t do it.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Debt is not a tool; it is a method to make banks wealthy, not you.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Quick, easy money is one of the oldest lies, or myths, in the book of the human race.A shortcut, a microwave dinner, instant coffee, and dot-com instant millionaires are things we wish would give us high quality, but they never do. 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.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’No one develops and makes a six-figure income on three hours a week.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’It is really hard to sell books and tapes that teach the necessity of lots of hard work, living on less than you make, getting out of debt, and living on a plan, but I’m trying—because it’s the only way that will work.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’The sooner you understand that no one gets rich quick by using secret information, the better. ‘’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’The Lotto is a tax on poor people and on people who can’t do math. Rich people and smart people would be in the line if the Lotto were a real wealth-building tool, but the truth is that the Lotto is a rip-off instituted by our government. This is not a moral position;it is a mathematical, statistical fact. Studies show that the zip codes that spend four times what anyone else does on lottery tickets are those in lower-income parts of town. The Lotto, or gambling of any kind, offers false hope, not a ticket out.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Energy, thrift, and diligence are how wealth is built, not dumb luck.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’I want you to own a home because homes are a good investment. The fastest way to become a homeowner is through a Total Money Makeover while renting the cheapest thing you can suffer through. The purchase of a trailer is not a shortcut, but a setback on the path to owning real estate that goes up in value.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Most people concentrate on the urgent in our culture. We worry about our health and focus on our money only after they’re gone.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’I am not against the enjoyment of money. What I am against is spending money when you do not have money to begin with.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Divorce happens a lot, and it is truly sad. Divorce means we split up everything, including the debts; however, the debts are not easily split. If your name is on a debt, you are liable to pay it, and your credit is affected if you don’t. A divorce court does not have the power to take your name off a debt. The divorce judge only has the power to tell your spouse to pay it for you. If your spouse doesn’t pay, you can tell the judge, but you are still liable. A lender who doesn’t get paid will correctly report bad credit on all parties to the loan, including you. A lender who doesn’t get paid can correctly sue the parties to the loan, including you.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Collectors are not your friends. Credit-card collectors are the worst, for they will lie, cheat, and steal—and that is just before breakfast. You can tell if a credit-card collector is lying by looking to see if his lips are moving. Any deal, special plan, or settlement you make with collectors must be in writing BEFORE you send them money.Otherwise, you will find that you don’t have a deal, that they lied. Never allow collectors electronic access to your checking account, and never send postdated checks. They will abuse you if you give them this power,and there will be nothing you can do, because you owe them money.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Bankruptcy is not something I recommend any more than I would recommend divorce. Are there times when good people see no way out and file bankruptcy? Yes, but I will still talk you out of it if given the opportunity. Few people who have been through bankruptcy would report that it is a painless wiping-clean of the slate, after which you merrily trot off into your future to start fresh. Don’t let anyone fool you. I have been bankrupt and have worked with the bankrupt for decades, and it is not a place you want to visit.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Bankruptcy is listed in the top five life-altering negative events that we can go through, along with divorce, severe illness, disability, and the loss of a loved one. I would never say that bankruptcy is as bad as losing a loved one, but it is life-altering and leaves deep wounds both to the psyche and the credit report.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’I know from personal experience the pain of bankruptcy, foreclosure, and lawsuits. Been there, done that, got the T-shirt, and it is not worth it.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’We teach people to carry cash. In a culture where the salesclerk thinks you are a drug dealer if you pay with cash, I know this suggestion may seem weird. However, cash is powerful. If you carry cash, you spend less, and you can get bargains by flashing cash.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’you need to be far more worried about the danger of using credit cards than the danger of being robbed while carrying cash.''
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
''The number-one cause of bankruptcy today is medical bills; number two is credit cards.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Estate planners tell us that 70 percent of Americans die without a will.Dumb, really dumb. The state, known for its financial prowess, will decide what happens to your stuff, your kids, and your financial legacy. The proverb says, “A good man leaves an inheritance to his children’s children”. I am a pragmatist, and so I don’t understand all the fretting over a will. A will is a gift you leave your family or loved ones. It is a gift because it makes the management of your estate very clear and light-years easier.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’You must walk to the beat of a different drummer, the same beat that the wealthy hear. If the beat sounds common or normal, evacuate the dance floor immediately. The goal is not to be normal because, as my radio listeners know by now, normal is broke.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’We have met the enemy and he is us.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Your actions should show that you care about money by learning something about it.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’One of the paradoxically dumb things we do is to destroy our finances by buying garbage we can’t afford to try to make ourselves appear wealthy to others.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Being real takes tremendous courage.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Staying away from car payments by driving reliable used cars is what the average millionaire does; that is how he or she became a millionaire.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’You can get anywhere if you simply go one step at a time.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’78 percent of us will have a major negative event in a given ten-year period of time. The job is downsized, rightsized,reorganized, or you just plain get fired. There’s an unexpected pregnancy: “We weren’t going to have kids yet/another one.” Car blows up. Transmission goes out. You bury a loved one. Grown kids move home again. Life happens, so be ready. This is not a surprise. You need an emergency fund, an old-fashioned Grandma’s rainy-day fund.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’The first major Baby Step to your Total Money Makeover is to begin the emergency fund. A small start is to save $1,000 in cash fast ! If you have a household income under $20,000 per year, use $500 for your beginner fund. Those who earn more than $20,000 should get together $1,000 fast! Stop everything and focus.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’If you have a car or a boat that you can’t pay off in eighteen to twenty months, sell it.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’I don’t like the idea of working one hundred hours per week, but sometimes extreme situations require extreme solutions. Temporarily, just for a manageable period of time, the extra job or overtime may be your solution.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’With gazelle intensity, great focus, extreme sacrifice, selling things, and working extra, we clear all debt.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’The worst time to borrow is when times are bad.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’49 percent of Americans could cover less than one month’s expenses if they lost their income. Half of this culture has virtually no buffer between them and life.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’To make more money, you have to plan to make more money.Some people’s problem is income, not spending.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Retirement in America has come to mean “save enough money so I can quit the job I hate.” That is a bad life plan.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’People who retire early, die early.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’A note to all of you under forty: All of us over forty are giving you a collective yell, ‘INVEST NOW!’ ‘’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’College degrees do not ensure jobs. College degrees certainly don’t ensure success. College degrees do not ensure wealth. College degrees only prove that someone has successfully passed a series of tests. We all know college-educated people who are broke and unemployed. They are very disillusioned because they thought they had bought a ticket and yet were denied a seat on the train to success.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’College is important—very important—but it is not the answer to all your kids’ problems. I will be so bold as to say college isn’t even a need; it is a want. It isn’t a necessity; it is a luxury.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Stay away from loans; make plans to avoid borrowing.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Student loans are a cancer. Once you have them, you can’t get rid of them. They are like an unwelcome relative who comes to stay for a ‘few days’ and is still in the guest room ten years later.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’There are benefits beyond just the money awaiting the young person who works to pay for all or part of college.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Your largest wealth-building tool is your Income.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’When your spouse gets the raise you are expecting, don’t raise your lifestyle with it. Save more! Invest more!’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’A big part of being strong financially is that you know where you are weak and take action to make sure you don’t fall prey to the weakness. And we ALL are weak.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’80% of Americans believe their standard of living will go up at retirement. Talk about living in a fantasy!’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’I can find only three good uses for money. Money is good for FUN. Money is good to INVEST. And money is good to GIVE.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Wealth is not an escape mechanism. It is instead a tremendous responsibility.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Should anyone wear a $30,000 watch? Should anyone drive a brand-new $50,000 car? Should anyone live in a $700,000 home? Absolutely, they should. The problem with people is, they buy those things when they can’t afford them.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Always manage your own money. Celebrities and pro athletes often lose their entire fortunes because they give up the responsibility of managing their own money. The money manager who loses your hard-earned investments won’t live with the regret and pain that you will.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Separate checking accounts mean one of two things, either ignorance or problems.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’When your money makes more than you do, you are officially wealthy.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’When you can comfortably live on your investment income, you are financially secure. Money is a hard worker, harder than you. Money never gets sick, never gets pregnant, and is never disabled. Money works twenty-four hours a day, seven days a week. Money gets its job done,and it asks for only directions and a firm master.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Giving is possibly the most fun you will ever have with money.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Only the strong can help the weak. If you want to help someone, many times you can’t do so without money.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Money gives power to good intentions.That’s why I’m unashamedly in favor of building wealth.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Stuff is wonderful; get some stuff, but don’t let the pursuit of wealth become your god.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’If you are a jerk and you become wealthy,you will be king of the jerks. If you are generous and you become wealthy, you will be most generous. If you are kind, wealth will allow you to show kindness in immeasurable ways. If you feel guilty, wealth will ensure that you feel guilty for the rest of your life.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Wealth is not evil, and people who possess it aren’t evil by virtue of the wealth. There are rich jerks and poor jerks.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
Here are the quotes:
‘’Most of us know what to do, but we just don’t do it. If I can control the guy in the mirror, I can be skinny and rich.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’You are the king of your future.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’All winners pay a price to win.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Don’t wait for a heart attack to show you that you are overweight.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Few people have the courage to seek out change.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’It is human nature to want it and want it now; it is also a sign of immaturity.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’It will rain; You need an umbrella.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’It is human nature to want it and want it now; it is also a sign of immaturity. Being willing to delay pleasure for a greater result is a sign of maturity.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Debt adds considerable risk, most often doesn’t bring prosperity, and isn’t used by wealthy people nearly as much as we are led to believe.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Debt brings on enough risk to offset any advantage that could be gained through leverage of debt.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’There is no short-cut to any place worth going.”
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’The best way to build wealth is to become and stay debt-free.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’If I loan money to a friend or relative, the relationship will be strained or destroyed. The only relationship that would be enhanced is the kind resulting from one party being the master and the other party a servant.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’We have all experienced loaning someone money and finding an immediate distancing in the relationship. We don’t control how debt affects relationships; debt does that independently of what we want.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’It is fine to give money to friends in need if you have it, loaning them money will mess up relationships.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’The borrower is servant to the lender.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Hundreds of times I’ve seen relationships strained and sometimes destroyed. We all have, but we continue to believe the myth that a loan to a loved one is a blessing. It isn’t; it is a curse. Don’t put that burden on any relationship you care about.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’It’s stupid to guarantee someone else’s loan. I have cosigned loans and ended up paying them; one poor guy cosigned for me, and he ended up paying when I went broke. If you truly want to help someone, give money. If you don’t have it, then don’t sign up to pay it, because you likely will.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’That sums up consigning.Broken hearts and broken wallets. That’s how cosigning usually goes, so unless you are looking for a broken heart and a broken wallet, don’t do it.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Debt is not a tool; it is a method to make banks wealthy, not you.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Quick, easy money is one of the oldest lies, or myths, in the book of the human race.A shortcut, a microwave dinner, instant coffee, and dot-com instant millionaires are things we wish would give us high quality, but they never do. 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.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’No one develops and makes a six-figure income on three hours a week.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’It is really hard to sell books and tapes that teach the necessity of lots of hard work, living on less than you make, getting out of debt, and living on a plan, but I’m trying—because it’s the only way that will work.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’The sooner you understand that no one gets rich quick by using secret information, the better. ‘’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’The Lotto is a tax on poor people and on people who can’t do math. Rich people and smart people would be in the line if the Lotto were a real wealth-building tool, but the truth is that the Lotto is a rip-off instituted by our government. This is not a moral position;it is a mathematical, statistical fact. Studies show that the zip codes that spend four times what anyone else does on lottery tickets are those in lower-income parts of town. The Lotto, or gambling of any kind, offers false hope, not a ticket out.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Energy, thrift, and diligence are how wealth is built, not dumb luck.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’I want you to own a home because homes are a good investment. The fastest way to become a homeowner is through a Total Money Makeover while renting the cheapest thing you can suffer through. The purchase of a trailer is not a shortcut, but a setback on the path to owning real estate that goes up in value.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Most people concentrate on the urgent in our culture. We worry about our health and focus on our money only after they’re gone.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’I am not against the enjoyment of money. What I am against is spending money when you do not have money to begin with.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Divorce happens a lot, and it is truly sad. Divorce means we split up everything, including the debts; however, the debts are not easily split. If your name is on a debt, you are liable to pay it, and your credit is affected if you don’t. A divorce court does not have the power to take your name off a debt. The divorce judge only has the power to tell your spouse to pay it for you. If your spouse doesn’t pay, you can tell the judge, but you are still liable. A lender who doesn’t get paid will correctly report bad credit on all parties to the loan, including you. A lender who doesn’t get paid can correctly sue the parties to the loan, including you.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Collectors are not your friends. Credit-card collectors are the worst, for they will lie, cheat, and steal—and that is just before breakfast. You can tell if a credit-card collector is lying by looking to see if his lips are moving. Any deal, special plan, or settlement you make with collectors must be in writing BEFORE you send them money.Otherwise, you will find that you don’t have a deal, that they lied. Never allow collectors electronic access to your checking account, and never send postdated checks. They will abuse you if you give them this power,and there will be nothing you can do, because you owe them money.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Bankruptcy is not something I recommend any more than I would recommend divorce. Are there times when good people see no way out and file bankruptcy? Yes, but I will still talk you out of it if given the opportunity. Few people who have been through bankruptcy would report that it is a painless wiping-clean of the slate, after which you merrily trot off into your future to start fresh. Don’t let anyone fool you. I have been bankrupt and have worked with the bankrupt for decades, and it is not a place you want to visit.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Bankruptcy is listed in the top five life-altering negative events that we can go through, along with divorce, severe illness, disability, and the loss of a loved one. I would never say that bankruptcy is as bad as losing a loved one, but it is life-altering and leaves deep wounds both to the psyche and the credit report.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’I know from personal experience the pain of bankruptcy, foreclosure, and lawsuits. Been there, done that, got the T-shirt, and it is not worth it.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’We teach people to carry cash. In a culture where the salesclerk thinks you are a drug dealer if you pay with cash, I know this suggestion may seem weird. However, cash is powerful. If you carry cash, you spend less, and you can get bargains by flashing cash.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’you need to be far more worried about the danger of using credit cards than the danger of being robbed while carrying cash.''
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
''The number-one cause of bankruptcy today is medical bills; number two is credit cards.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Estate planners tell us that 70 percent of Americans die without a will.Dumb, really dumb. The state, known for its financial prowess, will decide what happens to your stuff, your kids, and your financial legacy. The proverb says, “A good man leaves an inheritance to his children’s children”. I am a pragmatist, and so I don’t understand all the fretting over a will. A will is a gift you leave your family or loved ones. It is a gift because it makes the management of your estate very clear and light-years easier.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’You must walk to the beat of a different drummer, the same beat that the wealthy hear. If the beat sounds common or normal, evacuate the dance floor immediately. The goal is not to be normal because, as my radio listeners know by now, normal is broke.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’We have met the enemy and he is us.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Your actions should show that you care about money by learning something about it.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’One of the paradoxically dumb things we do is to destroy our finances by buying garbage we can’t afford to try to make ourselves appear wealthy to others.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Being real takes tremendous courage.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Staying away from car payments by driving reliable used cars is what the average millionaire does; that is how he or she became a millionaire.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’You can get anywhere if you simply go one step at a time.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’78 percent of us will have a major negative event in a given ten-year period of time. The job is downsized, rightsized,reorganized, or you just plain get fired. There’s an unexpected pregnancy: “We weren’t going to have kids yet/another one.” Car blows up. Transmission goes out. You bury a loved one. Grown kids move home again. Life happens, so be ready. This is not a surprise. You need an emergency fund, an old-fashioned Grandma’s rainy-day fund.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’The first major Baby Step to your Total Money Makeover is to begin the emergency fund. A small start is to save $1,000 in cash fast ! If you have a household income under $20,000 per year, use $500 for your beginner fund. Those who earn more than $20,000 should get together $1,000 fast! Stop everything and focus.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’If you have a car or a boat that you can’t pay off in eighteen to twenty months, sell it.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’I don’t like the idea of working one hundred hours per week, but sometimes extreme situations require extreme solutions. Temporarily, just for a manageable period of time, the extra job or overtime may be your solution.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’With gazelle intensity, great focus, extreme sacrifice, selling things, and working extra, we clear all debt.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’The worst time to borrow is when times are bad.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’49 percent of Americans could cover less than one month’s expenses if they lost their income. Half of this culture has virtually no buffer between them and life.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’To make more money, you have to plan to make more money.Some people’s problem is income, not spending.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Retirement in America has come to mean “save enough money so I can quit the job I hate.” That is a bad life plan.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’People who retire early, die early.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’A note to all of you under forty: All of us over forty are giving you a collective yell, ‘INVEST NOW!’ ‘’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’College degrees do not ensure jobs. College degrees certainly don’t ensure success. College degrees do not ensure wealth. College degrees only prove that someone has successfully passed a series of tests. We all know college-educated people who are broke and unemployed. They are very disillusioned because they thought they had bought a ticket and yet were denied a seat on the train to success.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’College is important—very important—but it is not the answer to all your kids’ problems. I will be so bold as to say college isn’t even a need; it is a want. It isn’t a necessity; it is a luxury.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Stay away from loans; make plans to avoid borrowing.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Student loans are a cancer. Once you have them, you can’t get rid of them. They are like an unwelcome relative who comes to stay for a ‘few days’ and is still in the guest room ten years later.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’There are benefits beyond just the money awaiting the young person who works to pay for all or part of college.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Your largest wealth-building tool is your Income.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’When your spouse gets the raise you are expecting, don’t raise your lifestyle with it. Save more! Invest more!’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’A big part of being strong financially is that you know where you are weak and take action to make sure you don’t fall prey to the weakness. And we ALL are weak.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’80% of Americans believe their standard of living will go up at retirement. Talk about living in a fantasy!’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’I can find only three good uses for money. Money is good for FUN. Money is good to INVEST. And money is good to GIVE.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Wealth is not an escape mechanism. It is instead a tremendous responsibility.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Should anyone wear a $30,000 watch? Should anyone drive a brand-new $50,000 car? Should anyone live in a $700,000 home? Absolutely, they should. The problem with people is, they buy those things when they can’t afford them.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Always manage your own money. Celebrities and pro athletes often lose their entire fortunes because they give up the responsibility of managing their own money. The money manager who loses your hard-earned investments won’t live with the regret and pain that you will.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Separate checking accounts mean one of two things, either ignorance or problems.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’When your money makes more than you do, you are officially wealthy.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’When you can comfortably live on your investment income, you are financially secure. Money is a hard worker, harder than you. Money never gets sick, never gets pregnant, and is never disabled. Money works twenty-four hours a day, seven days a week. Money gets its job done,and it asks for only directions and a firm master.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Giving is possibly the most fun you will ever have with money.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Only the strong can help the weak. If you want to help someone, many times you can’t do so without money.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Money gives power to good intentions.That’s why I’m unashamedly in favor of building wealth.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Stuff is wonderful; get some stuff, but don’t let the pursuit of wealth become your god.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’If you are a jerk and you become wealthy,you will be king of the jerks. If you are generous and you become wealthy, you will be most generous. If you are kind, wealth will allow you to show kindness in immeasurable ways. If you feel guilty, wealth will ensure that you feel guilty for the rest of your life.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
‘’Wealth is not evil, and people who possess it aren’t evil by virtue of the wealth. There are rich jerks and poor jerks.’’
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness
Comments
Post a Comment