Are you in debt up to your eyeballs and wondering how come you just can’t get ahead? This may surprise you since I do not know you, but I do know the answer. It’s real simple and really not a secret, especially here on Enemy of Debt. Wanna hear it? DEBT IS STUPID!! Plain and simple, and if you have debt then it could be said in all seriousness that you have been stupid too. The act of going into debt for ANYTHING is stupid, with the exception of mortgage and most of you know how I feel about that one.
There’s nothing smart about going into debt. It’s not sophisticated. It’s not a tool to help people get ahead. In fact, it’s one of the dumbest things an individual or a family can do to their financial situation. Dave Ramsey calls people stupid all the time on the radio for some of the decisions they make financially, and he gets attacked constantly for saying so. Let me just say it. Dave Ramsey is right!! 100% right! Perhaps Forest Gump said it best when he stuttered; “Stupid is as stupid does.”
I know the truth hurts, because it devastated me when I realized I was handling money like a compulsive gambler. (In debt, living paycheck to paycheck, with no end in sight.) Quite frankly, I considered myself stupid for not caring enough about myself and my family to start making less selfish decisions financially. It IS a selfish act! Some people MOST people try to justify their debt by giving some long drawn out reason as to why debt was right for them. They explain in great detail why their situation was different. (Don’t be fooled, those are just excuses that really make your problem even more serious.)
An excuse is just a reason to keep doing what you’ve been doing.
Before I go any further let me make ONE exception. I always get emails from people that feel I was talking to them, and sometimes I was, BUT I do believe that sometimes, at certain stages in life, there are people that are forced into debt because of no fault of their own. The best example would be unforeseen medical expenses for people just starting out in life. I know that people sometimes have things happen to them that they can’t control. If you have medical debt that was obviously too large to be paid off then I am not talking to you.
UNLESS…you lived your entire life thinking nothing bad would ever happen to you, and never thought twice about preparing for your future. In which case, I am definitely talking to you! That’s why they call it financial planning. You have to plan for the unforeseen emergencies in life, there’s no other option!!
If you were in debt before your medical debt, I am talking to you! If that’s the case then you cannot use “I have medical expenses” as your excuse to having debt. You quite possibly could have prevented your medical debt by utilizing a tried and true method called “financial planning”. Most likely you just haven’t accepted responsibility for what you did, or in this case didn’t do.
Now That You Hate Me, Let Me Explain
Just because you justify it in your head, doesn’t mean you couldn’t have taken a different route. It doesn’t mean that you are free of responsibility. It just means you are in denial, and are basically willing to keep living a lie. As they say, the truth shall set you free, and this couldn’t be more true when it comes to how you handle your money. That is the main reason I don’t worry about hurting anyone’s feelings when I write about money.
If you are acting stupid with your money, the best thing that can happen to you is to have your feelings ripped apart. You deserve to be slapped in the face with the reality that you are wasting away GOLDEN OPPORTUNITIES to live the life you want, the life you desire, even the life you deserve. The one thing that is keeping you from it—is your DEBT! While society has made you believe that you had to have a car payment, a bloated mortgage, and everything else under the sun simply because your little heart desired it, society has set you up for failure.
Let me just say it. I USED to be a COMPLETE MORON with my money!! I was a raging idiot with my families security! I was dumb! I was selfish! I was VERY irresponsible! There’s no other way to say it. I was ABSOLUTELY STUPID!
The fact is that being stupid really only means that you have failed to assert yourself in a way that makes you a stronger person. Stupid isn’t a permanent state of being, and a person that has acted stupid can suddenly become smart, by simply holding themselves responsible for where they are RIGHT NOW.
If you are broke and living paycheck to paycheck, it’s your fault! If you have maxed out credit cards, it’s your fault! If you have debt and absolutely no savings in the bank, you are by definition doing something stupid! It is stupid not to prepare for life! It is stupid to blame everyone else for your financial problems. It is completely stupid to go through life with the windows down, care-free, with debt behind the wheel. Debt is then controlling your every move! Is that NOT stupid?
Here’s the thing. You don’t have to be stupid. You don’t have to accept debt as the only way to have things in life. I actually feel a little sick to my stomach when I hear people spout that off as if it were true. Here’s what I actually hear when someone says they needed to go into debt for a car or some materialistic self-esteem builder, more commonly referred to as stuff.
“I’m too lazy and spoiled to make a plan and save money to buy the things I really can’t afford.”
Debt is SUCKING YOU DRY!
Wake up and smell the coffee! It will be the best thing that ever happened to you. It sure changed my life. Dave Ramsey called me stupid and yes my feelings were hurt a bit, but it worked. If you have debt I am calling you stupid because I know that you can do much better, much smarter things with your money. I know that your next door neighbor, and even your family, will lead you to the same place they are headed—the poor house. That’s a place with no hope, where people just accept what society has deemed “normal”. It may be normal to have debt, but it IS NOT the smartest way to live your life. It’s the dumbest!
Debt will keep you pinned down! If you have debt, you will work your ENTIRE life paying it off. Count on it. That social security check you are counting on to bail you out….all I can say about that is keep dreaming. Our government, and governments around the world are so incompetent when it comes to managing money, it’s no wonder the world is in the economic state that it is in. Social security is a joke, and why would you place your retirement in the hands of people who clearly have no idea how to manage it anyway? The government’s idea of managing money is to either print money out of thin air, or to raise taxes, and often both. (Sigh) I digress.
Without really opening that can of worms, my point is that it is up to YOU. You can’t rely on anyone else but yourself!
I have done so many stupid things with money, and almost all of them involved debt. At least now, if I do something stupid with my money I am not paying for it for years. As I said above, I was a complete idiot when it came to managing money until I realized I was the one person in control of where I was headed financially. But most importantly when I realized what was keeping me from breaking the paycheck to paycheck cycle that debt ensures, I got smart and so can you!
We have not borrowed in more than two years, have no debt, and have a real life emergency fund that keeps us warm at night. I never dreamed it was possible to have nearly $8,000 saved for emergencies. I used the same excuses you have probably used. Yes, I once accepted that I “needed” a new car, lots of new stuff, and a place to store it all. I was so STUPID!!
What I needed was a different plan. A plan that wasn’t going to leave me retired and broke, with my hands out hoping that the government was going to raise taxes so it could support me. We have been able to save, give and even spend like never before. The sacrifice isn’t permanent but it IS necessary, IF you want to actually enjoy your life. In the case of debt, happiness is in what you don’t have, not in what you do have. Get rid of your debt and then tell me I am wrong! I challenge you to do so. You will find that the only pot of gold at the end of the rainbow is the one that you provide and fill up yourself. Get to filling it!
If I hurt your feelings, it’s only because I care about you, and your future. Telling you lies will get you no where and fast.
Don’t be stupid, be smart…GET OUT OF DEBT, and do it now!!! You’ll be so glad you did.