Like many others, I'm read a non-fiction book that doesn't have a traditional fiction based antagonist.Sadly, the antagonist in Dave Ramsey's Financial Peace Revisted, is all too real. The antagonist is debt.
I'm currently taking a class based on Dave Ramsey's teachings by the same name, and the point of the class and the book is to get rid of debt, save for potential crisis, and then invest a healthy dose of your income.
The step stopping most Americans from reaching financial stability in their encroaching retirement years, is their addiction to debt which chokes out their ability to save and invest.
What makes debt, and those who throw it out so easily, scary, is they target people my students age very hard. Most of my students will get recieve dozens of credit card offers in the days and years after leaving WLA.
They'll be promised amazing perks (1% cash back), and they'll buy into it, like I did. They'll pay off their bills each month (hopefully), and will slowly buy into the idea that being in debt is necessary in most areas of life. They'll go into banks begging for the bank to give them more debt. And then when they reach my age, they'll realize that they very slowly crept into what seemed like non-threatening debt.
This book, and Dave Ramsey's class, have me on a plan to be debt free (not including mortgage) by year end. Bye, Bye, Car, Credit, Financed, and Student Debt. You're evil.
Time read this week: 4.5 hours
Total Time Read: 17.5 hours
No comments:
Post a Comment