You’ve probably heard about Dave Ramsey who is not only a brilliant American author but also a commercial broadcaster, a motivational speaker, a businessman and of course a favorite financial advisor.

But do you know the best part of his life? He was making hundreds of thousands of dollars in real estate, but then he went broke and became prosperous again. Now he has millions of followers from all over the world who follow his tips to improve their financial life. And today I’ll be talking about the best financial tips from Dave Ramsey that helped me a ton with my financial life.

Try to get to the conclusion first

Dave Ramsey clearly stated on his website that people should plan their spending correctly, will get ahead. Children usually do what they like. They don’t plan anything. While spending money, we typically don’t think where we want to go. So devise a plan like an adult and stick to it. Always keep in mind that planning your expenses is as relevant as earning.

You have to accept painful changes

We usually fear changes in life. But according to Dave Ramsey after mapping out a proper plan, you need to make some changes. Dave Ramsey always stated that positive changes in life are a painful process. But you have to bear this pain to get stability in your financial life. Always avoid irrelevant buys that affect your life. Then you can actually expect a different outcome.

Money Management is extremely important

According to Dave Ramsey, if you embrace changes, you can stick to your new plan easily. Money management is truly important, and for that, you need a written plan. Then only you can track when it’s coming and where it’s going. As Dave Ramsey has said, if you cannot control your money, it’ll start controlling you soon.

Budgeting process suggested by Dave Ramsey

Ramsey has divided this process in such a way that you’ll start valuing every dollar.

• At first, figure out your full income and write all your expenses including incidentals and regular bills.
• Then you have to adjust your income such a way that it goes down to your budget or it becomes equal.
• Now track the expenses for one month and spend accordingly.
• Bite less and Chew more

You have to try hard if you really want your life on track. As Dave Ramsey once suggested in his tweet that you should adjust yourself on less than you make. Act your wage and stop spending unnecessarily.

Embrace frugality while spending

You shouldn’t buy something that you really can’t afford unless it’s about life and death. According to Dave Ramsey, if you start living like no one else, after some time you can live and give like no one else. So, always try to stop yourself from spending carelessly.

Never become a servant in the hand of the Lender

Dave Ramsey said if people try to obtain a certain lifestyle they can’t afford; they have to face a lot of struggles to keep up appearances. If right now you cannot pay for the things you want and you have to borrow money then it’s simple, you cannot afford it right now.

Concentrate on your investments

An excellent financial plan starts with investment. So as Dave Ramsey suggested that the more you invest, the more you live in your future instead of living in the present.

Before making business investments

According to Ramsey’s theory, people usually make mistakes because they do not take enough time before investing. You should listen to some interviews before trusting random people.

Ask questions

Ask questions and learn from people who are already living the life of your dream and want. It’ll make you a step ahead in this game called financial planning.

Now if you have any questions about these financial tips, just let me know! I’ll be glad to help you out!