alright so we're gonna look at the five top Dave Ramsey quotes that have had big impact
in my life now I live in the same hometown as Dave and almost every other
person I meet here works for Dave and I've read a handful of Dave's books I've
seen whole a bunch of his videos I went through a few so he's just had a really
big impact in my life and he has a way with words where he has over the years
come up with some fantastic one-liners that are really succinct and just
nuggets of wisdom and so that's we're gonna look at today and if you are new
here my name is Bob Lotich and on this channel or website we actually do some
similar stuff to Dave basically we give you practical tips and strategies to put
more money in your pocket by saving more paying off debt all that and then we
also talk about timeless biblical principles and how they apply to the
whole equation as well so if that sounds good you definitely subscribe so you can
hear from us as we create more content all right so let's kick it off with the
first quote not until the pain of the same is greater than the pain of change
will you embrace change and I remember Tony Robbins saying something similar so
I'm not sure who got it from who but either way I definitely think that's
true and in some ways it's a blessing when things get so bad that you just
actually have to change because when things are just okay it's easy just to
float in that mediocrity for a while but when things really get bad and you get
to that breaking point that's when you can really make some massive life change
and that's what happened to me in my financial situation like I was just
floating in mediocrity and things just slowly we're getting worse and worse
until I got to the breaking point and then from there that's when I began to
really make some massive changes you know and we all know like that breaking
point often gets us to a point where we can actually pray and ask God for help
and then of course that's when things really change all right quote number two
you must gain control over your money or the lack of it will forever control you
now I spent most of my life not being in control of my money and having my money
just kind of be in control of me and leading me and it's a very very
different thing when you get in control your money you know and once I made that
change that I was gonna be in control of my money even when I didn't have much or
any at all everything began to change because the momentum shifted
I began just moving in the right direction it was it was just like a
snowball and so Dave talks about that the debt snowball but this is just kind
of like a snowball in momentum financially where if you start making
good financial decisions over and over again it just gets bigger and they start
fueling this change that's happening all right quote number three the key to
winning with money is to live on less than you make act your wage quit
spending like you were in Congress I find that particularly in the US we just
have no concept of this idea of acting your wage and actually spending the
money that we have instead of using credit to kind of keep up with what our
neighbors are doing yeah I'm not sure if it's because we just don't want to tell
ourselves no I'm not really sure what the cause is but it's definitely an
epidemic in the US and the really interesting and amazing thing about this
is that this is by far the simplest and yet most profound like financial tip
that you can ever have if you just spend less money than you actually have you
can almost guarantee that you are going to be in good financial position for the
rest of your life on the other hand if you consistently spend more than you
earn like so many of us in the u.s. do you are going to be in trouble there's
just no way around it is going to catch up with you eventually like you can only
make this last for so long to dive in a little bit deeper on this I created
another video about the seesaw principle that you should check out if you really
want to figure out how to build wealth and how to build a secure financial
future for the long-term all right quote number four or ever
notice that when you are broke everything is an emergency and I love
this because it is so painfully true I've been there you probably have been
there maybe you haven't but it really is the case yeah I spent so many years
where money just felt like an endless stream of chaos and it basically came
down to the point that there was no margin there was no safety net so if
this smallest little thing could go wrong and then it would just kick start
an avalanche of things that would turn into a really big problem and for a
variety of reasons like so many of us I discovered that a credit card doesn't
make a great emergency fund and really having a cash emergency fund changes a
game it just makes a huge difference and so I completely agree with Dave's advice
of starting to build an emergency fund have an emergency and fund in place even
before you start paying off your debt alright number five if you live like no
one else later you can live like no one else and this is one of Dave's most
famous quotes and it's so true and I really do love it because we need with
money does require sacrifice and it takes time it's not rocket science but
it does require a consistent doing of the things that we need to do and on the
other hand when you continue to do them like Dave says on the back end you can
live like no one else you can live in a really good financial position this is
part of why we name the website SeedTime because at the beginning you're planting
seeds you're not really seeing much happening it looks small but years down
the road of continuing to nurture and care for this tree you find yourself in
this garden with all these fruit bearing trees that are so much bigger than you
could have imagined alright so those are my top five Dave quote so let me know
down the comments below which quotes of his you would add to this list and in
this next video I'm gonna take you through five Bible verses about money
that I think every Christian should know so head on over to that video and I'll
see over there