A list of Dave Ramsey quotes to grow your money wisdom and your wealth
If you don’t know about Dave Ramsey already, he’s a money expert. He teaches people how to build lasting wealth from the ground up.
Unlike some of the personal-finance gurus, Ramsey’s way of managing money is actually pretty doable. He calls it the 7 baby steps. Starting from a $1000 emergency fund, you pay off your debts and save money step by step.
He’s also brutally honest. In his book, he pointed out that most people are broke because they avoid their problems. They look in the mirror, suck their bellies in, and pretend to be fine.
I run away from problems, especially money problems. And his words have been a wake-up call to me. Dave Ramsey does not only help me to cut bad spending habits but also inspires me to be a responsible adult.
So here’s a list of hard-hitting Dave Ramsey quotes to build a healthy money mindset. If you have a bullet journal, note down one or two of these quotes to hold yourself accountable.
Dave Ramsey quotes to be more money savvy
The enemy of “the best” is not “the worst.” The enemy of “the best” is “just fine.”
90% of people in our culture buy things they can’t afford.
The first step to stop living from paycheck to paycheck is to shrink the size of your debt. To do so, you will need to reflect on your purchases. If a pair of designer shoes put you in debt for 6 months, it becomes a liability. Think twice before paying for an instant pleasure that won’t last long.
A budget doesn’t limit your freedom. It gives you freedom.
A loan to a loved one isn’t a blessing. It is a curse.
Winning at money is 80% behavior and 20% head knowledge.
If you live like no one else, later you can live like no one else.
Just because everyone is overspending doesn’t mean it’s right. In a 2019 report, the average credit card debts of Americans stand at $ $6,194. The same amount of money will cover 60% of the annual housing budget of American families.
When you cut off unnecessary spending, you can use the money on things you actually need. It gives you a cushion to handle crises so that you will stress less. It requires persistence, but your future self will thank you.
My dad used to say that 90% of solving a problem is realizing there is one.
You are not going to change if you keep denying what’s wrong. Facing your problems takes great courage, but the results will be worth it.
What to do isn’t the problem; doing it is.
If you keep doing the same things, you will keep getting the same results.
Being willing to delay pleasure for a greater result is a sign of maturity.
We buy things we don’t need with money we don’t have in order to impress people we don’t like.
Act your wage.
A budget is telling your money where to go instead of wondering where it went.
You must gain control over your money, or the lack of it will forever control you.
Read also: 25 Life-changing money quotes to master your money
Success is a pile of failures that you are standing on.
It’s never too late to turn things around. You are the only obstacle.
You may not have any savings or positive net worth. But you can always make a change if you put your mind to it. Maybe carpool to work instead of driving your own car. Or put 20% of your salary into savings account on auto-pilot. The small things add up to big results.
You’ve got to tell your money what to do, or it will leave.
Study the habits of the people you want to be like and then imitate them. If they are succeeding, they must be doing something right.
Work is doing it. Discipline is doing it every day. Diligence is doing it well every day.
You must plan your work and then work your plan.
Savings without a mission is garbage. Your money needs to work for you, not lie around you.
Which Dave Ramsey quotes hit you the hardest?
Quitting bad money habits is not easy. Neither is building up a new one. Give yourself time and patience. Document your growth and celebrate the small wins.
Saving money alone isn’t the best way to achieve financial success. Instead, a balance of expenses and savings will bring abundance and joy. Check out this Money EQ masterclass to transform your beliefs about money and wealth.