We are back with yet another blog post from your favorite Texas payday lenders, Your Loan Depot! If you haven’t read one of our blogs before, you are in for a treat. We do our best to combine our offering short-term, immediate financial needs with a blend of long-term financial advice so that our readers are equipped for the short and long-haul.

In recent posts, we’ve been tackling the mountain of debt that many of us are faced with. We’ve been providing budgeting tips, financial advice, and pretty much anything else we can think of to help folks around the Lone Star State in any way we can. We’ll continue the theme in today’s post, with the highlighting of personal finance expert Dave Ramsey and his sage-like wisdom.

Dave Ramsey Coaching

Perhaps you’ve heard his soothing yet firm timbre on the radio before — perhaps not. Either way, we’d like to highlight a few of our favorite Dave Ramsey originals in today’s blog! Prepare to be challenged, inspired, and maybe even a bit entertained. We hope you enjoy.

For your own good, for the good of your family and your future, grow a backbone. When something is wrong, stand up and say it is wrong, and don’t back down.

Let’s start off with a bang. We like this quote because it’s easy to let the little things slide when you have stress in your life, be it personal or work-related. Once you start to make these concessions, it becomes easier and easier to do it for bigger and bigger issues. Things can get out of control in a hurry, and you can forget who you are! Stand up for what’s right in your home and at your work.

That stupid saying ‘What you don’t know can’t hurt you’ is ridiculous. What you don’t know can kill you. If you don’t know that tractor trailer trucks hurt when hitting you, then you can play in the middle of the interstate with no fear – but that doesn’t mean you won’t get killed.

Indeed, that is a stupid phrase, especially when it relates to our debt and bank account. Mr. Ramsey draws an excellent parallel with playing in traffic while being none-the-wiser. The point here is, just because you don’t look at your mounting debt, doesn’t mean it isn’t real. Face your fear.

You must walk to the beat of a different drummer. The same beat that the wealthy hear. If the beat sounds normal, evacuate the dance floor immediately! The goal is to not be normal, because as my radio listeners know, normal is broke.

This one is probably very difficult to hear, for some of us at least. If we come from a group of friends (or family) where being in debt is the norm, we are much more likely to accept it as a fact of life. In reality, we define our reality with our beliefs, attitudes, and actions. That doesn’t mean gaining wealth and security is easy by any means, but it does mean it’s possible if you believe that it is. Don’t be normal, don’t be status-quo!

What your beliefs are about anything creates your actions. What you believe about marriage creates the way you handle your marriage. What you believe about raising kids creates the way you do that.

This coincides well with the previous quote. Listen to the story you are telling yourself. Is it one you enjoy? Is it one where you are the victim or the hero, or maybe both? What do you believe about who you are and what you are capable of? We’d bet it’s more than you even realize.

A budget is people telling their money where to go instead of wondering where it went.”

Enough said!

If you’re doing something like scheduling utility payments to come through your debit card or out of your personal checking account, that’s perfectly fine. But there are much safer ways to handle situations with debt collectors. You can send a money order overnight, or wire the cash to them.

Let’s get more practical. Be smart about who you are giving your debit card information to. Automatic payments are easy, but might also be costly if you aren’t careful.

My children were taught at an early age how money works and that it comes from hard work. They’ve been on a commission — not an allowance — since they were little. They learned that if they worked around the house, they got paid. If they didn’t work, they didn’t get paid.

If you are having trouble motivating to be better at budgeting, perhaps you should think about your children and the example you are setting for them. Teaching your children to connect hard work with making money is never a bad idea, as far as we are concerned!

I think the lie we’ve told people in the marketplace is that a degree gets you a job. A degree doesn’t get you a job. What gets you a job is the ability to carry yourself into that room and shake a hand and look someone in the eye and have people skills. These are things that cause people to become successful.

This one hits home for a lot of us, we’d wager. The world is changing, and fast. It’s changing so much so, due to the internet and other reasons, that a lot of traditional degrees are becoming obsolete. What does that mean for those of us who don’t have a degree? It means we need to stop putting a cap on our own potential. Mr. Ramsey is worth listening to, in case you couldn’t tell already.

Contact Your Loan Depot

Thanks for reading this slightly unorthodox (if not entirely practical) blog devoted to the incredible wisdom of Dave Ramsey. We hope that you’ve found it as interesting to read as we did to write it — certainly some food for thought!

In the immediate, however, if you need emergency cash in Texas through payday loans or car title loans, we’ve got you covered at Your Loan Depot with dedicated customer service and an efficient, understandable payday loan process. Don’t hesitate to visit one of our many Texas locations at your convenience!