Stop the Bleeding!

Dave Ramsey - Beat Debt, Build Wealth

If you’re interested in some uncommon common sense with respect to financial planning, I highly recommend Dave Ramsey. Our world is full of personal finance lightweights who trumpet the value of high credit scores and alternative mortgages. Dave has a much more rational perspective, and does an excellent job debunking myths of personal finance including the true costs, and risks, of debt.

If you’re paying any interest to banks or finance companies, and especially if that interest is for non-revenue-generating depreciating “assets”, you owe it to yourself to read Dave Ramsey’s book, The Total Money Makeover. You’ll never confuse an asset with a liability again!

Here are some links to get started if you’re curious…

And trust me, once you experience the satisfaction of paying off significant debt, and putting the funds previously required to pay interest to work building wealth, you’ll never look at our federal government and it’s absurd $9.1 TRILLION debt the same way again! (Did you know the interest payment on our national debt, over $400 billion in 2006, is the third largest “department” in the federal government?)