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| Economy |
| Dave Ramsey Says This Is the Key Difference Between Rich and Broke People. Is He Right? |
| 2023-01-28 |
| [Ascent] Some people become rich due to good luck and others become broke due to bad luck. But, in many situations, decisions that you make throughout your life will impact whether you end up wealthy or struggling. Finance expert Dave Ramsey is a firm believer in the idea that your money mindset can have a huge effect on your ultimate net worth. Specifically, Ramsey thinks that rich and poor people approach one particular type of decision in a very different way -- and that these differing approaches have a meaningful impact on whether you end up financially successful. THIS MAKES ALL THE DIFFERENCE IN YOUR FINANCIAL SUCCESS According to Ramsey, a big difference between rich people and poor people comes down to the question they ask before they make a decision about whether to buy something or not. "Rich people ask 'How much?'" he said. "Broke people ask 'How much down, and how much a month?'" |
| Posted by:Besoeker |
#6 You can have anything you seek |
| Posted by: Gromble Dribble4342 2023-01-28 16:09 |
| #5 And get this: there are accounts of people getting letters from their banks/CC companies offering to increase their charge limits. The banks get their profits from interest. They really don't care about the principal. They want you to be an interest paying slave for your entire life and the way they accomplish that is to entice you into more debt. |
| Posted by: Abu Uluque 2023-01-28 12:51 |
| #4 Many people just have little discipline. You mean like Congress? |
| Posted by: Abu Uluque 2023-01-28 12:48 |
| #3 Credit card debt in the U.S. hits all-time high of $930 billion Many people just have little discipline. The Elizabeth Warrens of the world blame it all on the I have to wonder with online shopping (especially with Amazon Prime) that impulsive people with just a few mouse clicks will buy something. Multiply that by numerous times, et voila, there's almost a trillion dollars of credit card debt. And get this: there are accounts of people getting letters from their banks/CC companies offering to increase their charge limits. Almost macabre. But why should the banks care? The government will just bail them out again. Student loans are another trillion, too, but that's another story. |
| Posted by: DooDahMan 2023-01-28 12:05 |
| #2 Debt, like credit, is a wonderful thing for a person who understands its management. No credit or debt and the world is a catastrophically more impoverished place. Of course, managing credit and debt entails math, so it's inherently rayciss. |
| Posted by: M. Murcek 2023-01-28 11:30 |
| #1 That’s the next pivotal choice after graduate from high school, get married before having children, and get a job. Also, is total spending more than one’s income — even slightly — or less? |
| Posted by: trailing wife 2023-01-28 11:22 |