Don’t Let Your Life Be An Embarrassment

Filed Under Debt, Personal Development |

I heard a story on Dave Ramsey’s podcast last night that blew me away. Unfortunately, it’s probably more “normal” than I even realize.

The caller went on and on about how he had a great income, they lived a good life, always had money to pay for everything they needed, went on fancy trips, bought great gifts for each other…you get the picture. His income was $250,000 and from what he said I’m guessing they looked every bit the part of the “wealthy” family that most people have in their heads. The truth, however, was totally opposite.

They had a $390,000 mortgage, $70,000 in car loans, $75,000 in credit card debt, and a $40,000 heloc. This family was making a ton of money, but their “fabulous” lifestyle left them completely broke. He admitted that he had nothing in savings. From the tone of his voice, I still don’t think he understood his situation because he was still using words like, “We are doing well” and “We can pay for everything we want”. Well obviously he can’t pay for everything he wants. Dude, look at your debt!

Dave said to him, “If you wake up 5 or 10 years from now and still have no money, that would be an embarrassment.”

I laughed out loud at his comment, but it’s actually true for all of us. The knowledge you need is here on this website. It’s in books. It’s on the radio. It’s in your own head if you would step back and think about what makes sense.

If you – yes YOU – wake up 10 years from now and have no money, it will be an embarrassment.

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