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Dec 30, 2016 — By: Christy V. Temple
Well, it’s that time of the year again to say goodbye to the old and to welcome in the new. I know this year has had a lot of ups and downs for me personally but that’s the great thing about a new year. This means we all get a chance for a fresh start to see how we can make the next year even better. Granted, we don’t have control over everything that may happen in a given year such as sickness, losing a job, death in the family, financial losses, etc. However, we do have the ability to control how we respond to these things and how we choose to move forward.
Personally, one of the areas that I believe most people are concerned about in the New Year is finances. We all have to go to work every day to receive a paycheck so that we can afford to pay for the basic necessities of life such as food, shelter, clothing, transportation, etc. For most of us, we want the ability to have more than just the basics though. We all have wants and needs and usually the wants sometimes tend to outweigh the needs in our own minds. The point to all of this is that sometimes we can tend to outspend what we make and then we can end up in debt.
Oh, how we don’t love debt. Debt is like the bane of anyone’s existence. Instead, we should be looking at ways of getting rid of debt and finding new ways to save and cut back on our spending. I know this is hard to do but we all need to strive to stay away from debt. In the New Year let’s try to see what is possible with our finances and how we can turn the tide in our favor.
I will wholeheartedly admit that in the past year my thinking has been completely changed when it comes to my household finances. The change has been as simple as reading a few books that have clicked with me and totally made sense. The books are as follows: Retire Inspired by Chris Hogan, Financial Peace Revisited by Dave Ramsey, and Love your life not theirs: 7 money habits for living the life you want by Rachel Cruze. If I could personally thank each one of these people I certainly would for the priceless information that they have bestowed on me and the world. All three of these people work together under the umbrella of Ramsey Solutions and they have benefitted countless numbers of people around the world with their common-sense advice that we should already now.
However, for those of us who tend to be a little dense sometimes and think we know it all, here are the basic tenets to Dave Ramsey’s program. These are referred to as The Seven Baby Steps.
Here they are in order: (courtesy of www.daveramsey.com)
Okay, those are the baby steps by Dave Ramsey. Personally, I think they all make perfect sense and are totally doable. This won’t necessarily be the easiest thing to do in the world but it will be worth it in the end.
So, if you are ready to truly make a financial change in the New Year I highly suggest the books I mentioned earlier in this post. They all write in a very no-nonsense kind of way where you can fully understand what they are saying. My particular favorite of all three books is Retire Inspired by Chris Hogan. I also listen to his podcast which is amazing. However, all three books are wonderful. Right now I am in the process of finishing up Rachel Cruze’s book, which is great at showing us how we should stop comparing ourselves to others when it comes to our financial status.
I would personally like to thank each and every one of them for helping to put me and my husband on the right track towards a more prosperous financial future. If I ever get the chance to meet them I will let you know.
As a side note, the Daviess County Public Library carries all three of the books listed here and I highly recommend them: