The theme this week on the Retirement Quick Tips Podcast is: Answering Dave Ramsey’s Most Popular Questions

Today, I’m talking about an important and recurring theme from Dave Ramsey: Be weird or be broke. 

Dave  says: “If you want to win with money, let me give you a good idea: Figure out what most people are doing and run in the other direction. Run!” 

He goes on to say in the way that only an angry Dave Ramsey can: “Most people look good, but they’re broke!...They spend like they’re in Congress!” 

The stats don’t lie. Most Americans are broke. They spend more than they make. They have more debt than they can afford. They have no savings in the bank, even for smaller emergencies. Bankruptcies and student loan debt is much higher than what it should be for the wealthiest nation at the wealthiest time in the history of the world. The average American today has a better standard and living than most royalty did only 200 years ago. 

Yet, we’re still broke. So Dave says you need to be weird or be broke. You want to be contrarian…be weird. The culture has lost its way with money. 

So what is being weird? It’s acting differently than most people do with money. Being weird is not caring about credit card points, airline miles, or having a nice car if it means having a payment you can’t afford. It means staying out of debt, spending less than you earn and saving a meaningful amount of your income for retirement. 

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast. 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance