INTERESTING : DAVE RAMSAY ETC : CREDIT AND THE STATE (personal finance) Never he

INTERESTING : DAVE RAMSAY ETC : CREDIT AND THE STATE

(personal finance)

Never heard of this guy until recently. But his message is pretty good for average families who get trapped on the credit treadmill.

ON CREDIT

Myself, I don’t use credit cards. If I don’t have cash I don’t buy it. Cars included. I’ll never have another mortgage either, if I can help it. I pay and save first, then the rest of my income is mine to spend as foolishly as I want. I hit my reserves for new investments. Otherwise I live on my income.

Now, my reasons are different: my aspiness is a challenge. Paying bills quarterly works for me. Paying them monthly is just not something I’ll remember to do. And I only take on bills that can be paid by debit card, over the phone or via email. I don’t like the stress of fighting my subconscious so I don’t get on the TREADMILL of credit. EVER. (Well, I did impulsively buy my Jaguar XJR on credit, but it was a steal. But for the exotics, and all others, I paid cash.)

Most of my income volatility in life is driven by business investments which usually require extraordinary income sacrifice (at least for me they have.)

And I’ve carried from 4M to 20M in commercial credit for most of my adult life. (Which I find humorous for some reason.)

ON WOMEN:

There are a lot of women who get their happiness from nesting. And they make a wonderful nest. But the problem is that you can’t lower their standard of living if you want to take a business risk. So my advice is to make sure that you know what partner you’re buying into. Those women are usually a pleasure to live with. But they are hard to build financial wealth with.

ON THE STATE:

Taxes and Credit are the fuel of the state. The libertarian in me seeks to starve the state wherever possible.

SO I’M ALL FOR THE DAVE RAMSEY and VOLITIONAL movements. 🙂 Mostly as a rebellion against the state. 🙂