Whose Cash Is It?
Filed Under Credit Cards, Debt |
It doesn’t matter how big a house you live in , or how fancy a car you drive, or how many designer names you have in your closet – if you owe money to somebody, you are not wealthy.
Dave Ramsey
This is a hard concept for some people to get. I know it used to be hard for me. I would say, “Well at least I’m paying cash for this (insert item here).” If you have debt, “paying cash” doesn’t mean squat. You are just using money that belongs to someone else – your debtor.
To put a personal spin on it, let’s say you loaned me $500 and I have not paid you back yet. After a few weeks, I call you and say, “Great news! We were able to save up $500 so we bought airline tickets to Vegas! Wow, it feels great to pay cash for it. We are so responsible with our money.”
How would that make you feel? Wouldn’t you think that you should get your $500 before I use it for a vacation? Doesn’t it seem like I’m going to Vegas with your $500?
Get your debts paid off so your cash belongs to YOU. Then when you pay cash for something, you truly are paying with your cash.
Comments
-
About Heidi
-
-
Search
-
Random Things
Quote of the Day
Another way to solve the traffic problems of this country is to pass a law that only paid-for cars be allowed to use the highways. Will Rogers
