“This one decision about a car can literally change your life.”
Like finding a great quote that you just can’t forget, this short presentation from Dave Ramsey’s group sums up everything I believe and feel about finances. It’s a 3 minute capsule of Dave Ramsey’s genius combining a little teaching, a viable option, great inspiration and tremendous results. Give yourself three minutes and watch this to the end to get fired up about your financial plan! Make sure you hear the last statement; it’s the bomb!
This changed us forever. We put it into practice several years ago and it’s working for us. We love driving our “free” cars while we watch our wealth grow!
If you haven’t discovered Dave Ramsey, check out his best selling book and his website. You won’t be sorry! We’re debt-free except the house and you can be too!
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8 comments ↓
We do this, too!! Nice to see someone who agrees and is doing the same.
Hi April! We tried this earlier in our marriage but didn’t really follow through until we saw how Dave Ramsey carried it through to a really powerful end!
Do you know if this the same video you watch during Financial Peace University?
Johnlyn recently posted..Goal Setting Does NOT Work For Me
Hi Johnlyn! I took FPU but don’t recall seeing this in the class. It’s been a few years though.
I bought my last car (only two years old!) for cash, so I am ON with this.
BUT – Dave needs to get off the “12% return” nonsense – it’s going to be a long time before mutual funds get back to an annual return of even 6%, much less 12%. This makes him seem over-optimistic (like he cares what I think, heheh) and reduces his credibility. I get that there was a time when 12% wasn’t at all out of order. But its not happening, now, or for a very long time.
(P.S. – got here through your comment on ThinkTraffic – nice site!)
gharkness recently posted..Fred Hahn Talks About Strength for Senior Citizens
I understand your point! I didn’t think traditional mutual funds was the answer for our account either. The market seems volatile and we’d need the funds again in about six years (we just bought our first “free” car).
I decided to set 12% as our goal for our DFC account (which we keep in a web broker account). That works out to growing it 1% a month. I do trade stocks with the goal of finding a quality stock that is on the move that I can buy and sell very quickly. I have “rules” to mitigate risk but thankfully we haven’t had a losing trade since we started. Our account grew by a little more than 18% last year.
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I love this video and can NOT wait to join the Drive Free Cars club!
I can’t wait either Kristal and hope you’ll join us here! Your enthusiasm is catching!!
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