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Dave Ramsey: Obstacles and Answers to Financial Problems

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Obstacles and Answers Dave Says

In your mind, what are some of the biggest mental and emotional obstacles preventing people from addressing their financial problems?

This is a great question! There are always circumstances beyond our control that can put us in a bad place, financially or otherwise, for a season. But to change your situation when it comes to money…

You have to be willing to step back and honestly look at the overall picture of what has and hasn’t been working—and why.

You need to be willing to admit you might have been wrong about a few things, and be open to learning and trying new ways.

Myths about money and debt are definitely near the top of the list of things messing people up when it comes to their finances. I’ve heard it said if you tell a lie often enough and loudly enough, that lie will become accepted as a fact. Repetition, volume, and longevity will twist and turn a myth, or a lie, into a commonly accepted way of doing things.

Debt is so ingrained into our culture, and has been marketed to us so aggressively, that most Americans can’t envision a car without a payment, a house without a mortgage, or a college student without a loan. We’ve also bought into the myth that we can get rich quick. We’re living in a microwave society, but living right financially is a crock pot concept. It takes time.

Some people are afraid of change. Change can be painful, and many simply won’t change until the pain of where they are exceeds the pain of change.

When it comes to money, where you are right now is a sum total of decisions you’ve made to this point. If you don’t like where you are, you have to admit changes need to be made in order for you to achieve your dreams.

Finally, a lot of folks simply haven’t been taught the proper way to manage money. Ignorance is not lack of intelligence, it’s a lack of know how. There’s a big difference between the two. Admit, even if it’s just to yourself, that you are not a financial expert. Read about money, talk to people who have been successful with their finances, and begin a life-long quest to learn as much as you can about money and how to manage it wisely. What you don’t know about money will make you broke, and keep you broke!

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David Lawrence Ramsey III is an American radio show host, author, and businessman. He takes your questions here each month.

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