It’s Monday! What are you reading?
This book is part of my New Year’s resolution. I don’t know if it will happen, for I’ve retired from the music business on two occasions thus far and always get sucked back in, but I’m looking to retire again within the next few years. Even if I don’t end up retiring, I still want to be in a good financial place so it’s my choice. I need to get caught up from moving out of state back in May, which consisted of using my credit card to purchase new appliances for my new house. Somehow, I figured it would be cheaper to buy new stuff than to pay movers to ship old stuff. When I say old, I mean ancient. I could have sold them as antiques. On top of that bill, I still carry some debt from my son’s college education. I’d also like to get my car paid off. For 2015, my resolution is to make this happen. Like most people, I always have the best of intentions to save, invest, pay off bills, etc., but as with most things in life, if you don’t stay motivated, you won’t get things done. So, during 2015, I vowed to keep myself motivated by purchasing a financial/investment book on the first of each month. I spent the first six days of January browsing Amazon and searching for something I found interesting. On the seventh day, I found it! I’ve listened to his radio show on occasion and was always interested in his financial process, but I’ve never taken the next step to engage myself in his philosophies. Well, I jumped aboard his ship and I am intrigued. The book is “The Total Money Makeover” by Dave Ramsey.
I’m going to say two things about this book. 1) I wish I had read it when I was younger. 2) I’m buying the book for my kids.
The process is logical, it’s genius, it’s how our grandparents lived before culture brainwashed us to live beyond our means and on credit. If we hear long enough and loud enough that living on credit is a good thing, eventually we start to believe it. It’s a lie! I’ve always had a good credit score, but my goal now is to have a ZERO credit score. You’ll have to read the book to understand that. 🙂 You don’t need to be “credit worthy” if you have CASH!
This is not an easy financial program. In fact, it’s a bitch. It requires sacrifice and focus and motivation, but, in Dave’s words, “If you will live like no one else, later you can live like no one else.”
Dave Ramsey’s website – click here.
I like the philosophy, but unfortunately the rest of the world wants to see Good credit, not NO credit. I’m all for learning new, more effective ways to mange.
Hey Susan! Happy New Year to you and yours.
I could live on zero credit. Cash is king. The only time I use credit now is for things I buy online and my car. But, the car was an unexpected necessity after I totaled mine hitting a deer.
Oooo, so sorry about the deer. I’ve hit a few in my day. Scary. I had a ten point buck come through my windshield once. I had trouble paying for gas with cash at a service station recently. I love my cards.
You picked a good one! I love Dave Ramsey! More than my husband does. My goal is to be out of debt when he retired in eighteen months. And let’s don’t talk about my son’s college debt. 😦 get gazelle intense!
College bills suck, but at least my boy graduated! 🙂 Good luck with your budget.
Good luck — we’re staring at retirement (hubby’s) while I can’t imagine ever being “retired.” I agree that cash is king.
I don’t think you or I will ever retire. We’ll have some work in progress going when they bury us.
I certainly hope so. And lets hope it’s shocking!