Have you listened to Dave Ramsey?

Have you listened to Dave Ramsey?

Some of you may have listened to The Dave Ramsey show on the radio or satellite, Dave takes calls on the air from listeners that are looking for solutions to get out of debt. I have listened for a couple years and found that Dave gives some awesome advice on eliminating debt. When I first listened it was the same principals that we have been introducing through Equity Trax and Financial Destination Inc.

For the past few years I have heard caller after caller looking for guidance and advice on how to get out of debt, I sit back and scream at the radio knowing we have the answer! See, Dave believes that in order to get out of debt we should eat rice and beans and drive a $1000.00 car. He tells many to go deliver pizzas or work for UPS to make extra income. Again for some this could be an option. I believe that we just need to make more money and have a plan in place allowing us to become better money managers.

Why would someone that wants you to become debt free not teach you ways to leverage your time? Dave is making money by selling his books and seminars; he is a business owner and uses his employee’s to leverage his time and make more money. Why are some expected to work for an Employer to make their dreams come true?

I believe owning a traditional business isn’t for everyone, but in today’s world there are more business models available making it possible for anyone to start a business with little money.

So what are some advantages of having your own deal?

The biggest one is the ability to generate unlimited income, this one takes time and effort but so does your JOB! Set your own hours; be careful not to short yourself. You will still need to show up to make money, but you are working toward your future. Tax benefits, current tax codes are in the business owner favor, in business you pay all your business expenses first then pay tax on what’s left over, as a employee you pay the tax first, then you pay all your expenses!


If you need money short term then go out and deliver pizzas or work for UPS and pay down that debt. Remember this is only a bandage, the problem likely started because of the lack of income. If you want a secure future learn more about becoming a business owner. Look within your suburb or city, chances are the business owners go on more vacations, drive better cars and live in bigger homes. This is all the direct result of leverage and you can do the same.


Until next time.....

Scott