Ok, my lil’ brudder Danny may be ahead of me on some of this financial independence stuff, but he has underestimated my need to one-up him. And so my own financial blog begins with a post about why Danny is wrong.
Love you, bro.
That’s right, folks. Big brother Mike is here to save the day. You see, my little brother thinks he is doing a lot of good by becoming a highly paid*, powerful financial blogger. He thinks he’s going to save the lot of you from your overspending, under-saving ways.
Is Danny going to push you right off the cliff into financial ruin? The answer might surprise you.
No, no he probably won’t.
But I got you thinking, right?
Danny says Dave Ramsey can be wrong. Blasphemy, I say!
Dave Ramsey is right and I’m right for saying that he’s right.
Why I’m right
Dave Ramsey has a set of baby steps, but we’re all adults here, so let’s call them what they are—rules.
Rules are hard. When things are hard and you are a baby or a teenager, you start to cry and whine. As an adult, you talk and justify and make things mushy so you can do whatever you want.
You just LOVE when things are mushy. No rules, like you’re living inside an Outback Steakhouse.
You want there to be exceptions to Mr. Ramsey’s rules. You want to be logical and pay off your debt with the highest interest rate first, instead of using his debt snowball. You want to be logical.
If there are exceptions to Dave’s rules, you can start to justify doing other things the way you want to do them. When you start to justify things, you get lazy and soon you start to believe that saving money is when you get 50% off at the Ashley Furniture Labor Day Sale-a-bration.
Did I get from you asking a logical question to financial ruin without many steps in between?
Or did I?
Yes, I did.
But I hope you’re starting to see my point.
Dave Ramsey’s rules set you up for success because human nature will set you up to fail. The baby steps are there not because they are the most efficient way to get rich, but because they save you from yourself.
Can you succeed without the baby steps?
Yes, of course. And as you learn more and more about financial independence, you may grow out of the baby steps into something more advanced (pull-ups steps?).
But before you throw the baby steps out with the bathwater, you may want to look yourself in the mirror and ask, “Am I strong enough to live without the rules?”
Until next time, here’s an embarrassing picture of Danny.
*I can only assume