You need some quick wins in order to stay pumped enough to get out of debt completely.
From Dave Ramsey
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.
We are all in the business of sales. Teachers sell students on learning, parents sell their children on making good grades and behaving, and traditional salesmen sell their products.
Pay your utilities, gas and other basic needs before paying on your debts.
There are no shortcuts when it comes to getting out of debt.
While I encourage people to save 100% down for a home, a mortgage is the one debt that I don't frown upon.
Children who reach the age of eighteen with their entire skills set composed on Nintendo and eating Doritos have been neglected. Their parents neglected to give them the character traits necessary to live successfully.
My wife, Sharon, and I started with nothing when we got married. I was driving a 1902 Pinto and eating off a card table.
I really am not a gold fan.
You're not a bad parent if you don't save for your kid's college because instead you had to choose to feed them and clothe them. Those things come first. They can go to school and do this thing called 'work' while they're in school.
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