Personal Finance
•
5 mins read
•
January 27, 2021
11 Dave Ramsey Quotes to Inspire Your Wallet
For when you need a little nudge to get back on track with your finances
Dave Ramsey is one of the most inspirational Americans out there. A radio show host and businessman, Ramsey began to learn about money after he lost everything. Dave Ramsey’s quotes have something in them for everyone, whether you already feel as if you’re in control of your money or not, and ideally this will serve as inspiration for those downer financial moments we all experience.
Dave Ramsey cuts to the chase: in order to live big in retirement, it is imperative that one live small, now. If, instead, one succumbs and spends like those around them, buying into the fallacy that everyone
needs
a house, two cars, three kids, etc. then you will be living exactly like those same people when you’re older.
This mindset is important to keep in mind, though, since living like no one else can feel isolating but as Dave Ramsey says, it’s integral if one wants to live like no one else later in life,
.
While it may seem harsh, it is important to heed Ramsey’s advice here and “act your wage,” not spending more than your wage allows you to afford. It’s easy to fall into the mindset trap of
, such as
or a car or needing patio furniture.
But, heeding Ramsey’s advice is a more prudent way to live, especially given that economic circumstances over the past decade and a half have meant that many people are not hitting the “milestones” they’re supposed to have reached (from millennials buying fewer homes to
, etc.).
This is one people often forget: a friend’s beautiful home or lifestyle may hide a pool of
. As such, it’s important to keep this at the forefront of one’s mind since
allows you to spend the money you earn but in reality,
, so at the end of the day, you’re not actually winning.
Another harsh truth: learn to manage your money. It can be daunting to learn personal finance skills, but it is crucial if you want to climb the ladder and truly build wealth. Many of OnJuno’s guides can help get you started, from
to
,
, and
.
This is gold and often, in the rush to earn more so you can invest more, it becomes easy to forget that life ultimately comes down to human connections. By surrounding yourself with good people, and being a good person yourself who helps others, you will always have others to rely on in your times of need even if you don’t have money.
What makes Dave Ramsey so popular is that his advice isn’t solely focused on personal finance. But, even quotes like this nevertheless emphasize how fixed in their ways people can be, whether with an older budget or spending habits they don’t want to break and change.
It often takes a catalyst for people to change, but Ramsey pushes his listeners to embrace the painfulness of change and take control of their life instead of waiting for that external source.
Ramsey often encourages people to look to their idols and really get to know them better. While it seems like the habits of
, celebrities, or billionaires have become trite—from waking up at 4am to owning just two pairs of jeans—Ramsey nevertheless has a point.
Ultimately, while emulating the lifestyle of the rich and famous can’t get you there instantaneously, those methods of living do say something important about “acting that wage,” so to speak, and can enable you to
, too.
It can be daunting to create a stick to a budget, but
. It can create peace to know where your money is being spent and choosing to be intentional about it is a strategic move that your Future Self will thank you for.
We often get stuck on discipline—how we can cultivate it, if a New Year’s resolution will do the trick, etc.—but Dave Ramsey encourages us to strive for diligence. While discipline is essential, and certainly a starting point, success cannot come without diligence, or truly putting your best foot forward every single day.
Adulthood is all about learning the difference between “fun” and “happiness.” While short-term gratification can come at the expense of money—an expensive class or purchasing a new car—true happiness doesn’t stem from mere cash-flow.
Ramsey encourages us to find the difference between these in our lives and stick to spending less on “fun” and more on long-term happiness.
This quote by Ramsey fits in well with the concept of “fun” versus “happiness”, too, as immediate gratification is short-lived and typically falls into the “fun” category, i.e., costing money.
However,
or delaying buying an item, whether to determine if you really want it or to spend that amount during a month with fewer expenses, is a sign of maturity and intentionality, both, as you are taking control of your spending versus allowing your spending to control you.
