Tag Archives: Dave Ramsey

200,000 miles!!

Image

Image

I am proud to say that our car has made it to the 200,000 mile mark.
Now I pray that God will help it to make it to 300,000 miles and beyond.

This Ford Taurus and our middle son are both 14 years old.
We bought it 3 weeks before he was born.
It’s been nicknamed “The Big Red Car” for a long time now thanks to The Wiggles.

I would be awesome if this car could stick around long enough to help our kids through high school and college. Oh the stories it would be able to tell.
I lay my hands on the dash just about every day and ask God to help it last another 10 years.

Why am I so excited about a 14 year old car hitting 200,000 miles?
Because I have no car payments and do not ever want one again.
We have been driving this car for over 10 years now debt free and that is why I thank God every day for making it last. He is good!

Do you have a car that has made it to the 200,000 mile mark or beyond?
Please share your story by commenting below.
What kind of car is it?
How old and how many miles?

We will be looking for another used car soon as our kids make it to driving age and would love your recommendations.

Thank you.


Check it Out! Pictures and Resources pages added

IMG_1848

I am still learning all that can be done with my WordPress website.
Like how to add pages or tabs to the site that are available to you at anytime.
Today I’ve added new pages for pictures and resources.

I enjoy taking pictures and would like to share with them with you through this website.
The first pictures added are from a recent trip to Charleston.
All of these pictures were taken with an iPhone 5S and are unedited. I was impressed with how they came out.
The picture above was taken while walking down the streets of Charleston.
You are welcome to use any that you like for whatever reason you may have.
I’ll be adding more so come back often to check for updates.

The resources pages is something that I plan to continually add to as well.
I want to be able to share with you things that have been helpful to me.
These will be available at any time at the top of the page.

Another page that I hope to add soon is a list of recommended books to read.

Check things out and let me know what you think.
If you find anything that you feel may be helpful to someone else please share.


The Now, Then, Us and Them: How to Leave a Legacy

My wife and I were privileged to go see the Legacy Journey tour live this past week.
The Dave Ramsey team put on an incredible event. We had a great time and were inspired.

If you care for your family and love helping others then The Legacy Journey is for you. It’s built for those that have already been been through Financial Peace University and need some inspiration and push to take it to the next level.
It’s about leaving a Legacy for our children, their children and beyond.

The theme centered around 4 words.
Now, Then, Us and Them.

The NOW
1 Timothy 5:8. But if anyone does not provide for his own, and especially for those of his household, he has denied the faith and is worse than an unbeliever.

Get educated, get as big of a shovel as you can and get out of debt.
No matter how big our heart is, we must take care of ourselves first, so that we can have the means to then care for others.
It’s not being selfish; it’s actually the opposite. We must fill our own cup before we can begin overflowing to others.

The THEN
Proverbs 29:18. Where there is no vision, the people perish.

This one is about Retirement Investing, Insurance and College Funding.
Once we have control of our finances, are debt free and have an emergency fund built up, THEN we can start putting money aside for our future and our children’s future.
We must be disciplined in planning with out money instead of just living for the moment.

The US
Proverbs 13:22. A good man leaves an inheritance to his children.

This step is about more than money.  It’s about character.
“What good is money if the person who is holding it is not a good man”.
“More money makes you more of what you are – good or bad”.
You must have a good handle on your personal life, your marriage and your kids.
Love God, go to church, build a strong marriage and teach your kids about life and giving.

THEM
Proverbs 28:27. He who gives to the poor will not lack, but he who hides his eyes will have many curses.

Once we have built a strong foundation for us to live on that will not crumble, then we can be in a position to reach out and help others.
We are blessed to be a blessing and giving is fun!

Let’s build a legacy?
Let’s be good managers of what God has given us.
Take care of the Now, build the Then, stabilize the Us and give to Them.

May God thoroughly Bless you!

Enter your email in the Follow link to the right if you would like to receive future posts from me on God, Family and Finances.


How To Live Without Credit Cards

20130801-063359.jpg

Life without credit cards is possible.

My wife and I have been able to survive without credit cards for more years than I can count now.
You can do it too and here’s how.

The secret to living without credit can be done with 3 simple steps.

1. Budget
2. Save
3. Buy, using cash or debit

The main reason most people use credit cards is because they do not have enough money in the bank to make a purchase and they want it now.

Why would there not be enough money in the bank to make the purchase?
Because they didn’t save.
Why did they not save?
Because they were not living on a budget.

Get on a written budget and make sure savings is near the top of the list (right under tithing)

Plan on putting 10% of you income into savings.
The best way to do this is to have it auto drafted into savings each time you get paid.

Make a goal to have at least $1,000 in the bank for large purchases and emergencies.
Save more if you need more, but this is the very minimum to keep in the bank for purchases.

Once you have money in the bank you can use cash or a debit card to make purchases instead of a credit card.

Get on a budget, save and cut up those cards.

Tell those creditors that you don’t need them any more.


Why we needed an Emergency Fund

20130828-061404.jpg

In life there are always ups and downs, periods of rest and unrest, calm weather and stormy weather.
The past 2 years have been very stormy for us financially and had it not been for our emergency fund or savings we would have been sunk.

Last year and the first part of this year we struggled with a car that we eventually determined was a lemon and had to go.
It all started with transmission and computer trouble.
A few months later the torque convertor went out.
We thought maybe the worst was over until the engine started misfiring.
After spending thousands of dollars within a short time we finally decided that this thing had to go.

Determined not to go into debt for a car ever again, we began shopping for something that we could just swap for.
We found a great deal on another vehicle, but as the dealership inspected our car, somehow it sprang a radiator leak.
In disbelief, I went to see for myself and lo and behold there was a stream of green fluid running out from under the car.
Still determined to get rid of this car, I took it and had the radiator replaced and thankfully the dealership took it.

To top things off, this year an epic rain fall flooded our crawl space, costing another couple thousand dollars to repair.

Through it all though, we thankfully did not have to revert to the use of a credit card once. We didn’t even have a credit card to use because we had cut them up many years ago.
But the only way we are able to live without credit cards and still feel secure is to have an emergency fund. You never know what life might bring your way.

Right now, we are working on building our emergency fund back up and just praying that there will be some peace in the midst of the storm for a little while.

I hope that our story inspires you to either get your own emergency fund built up or strengthen the one you have.

Tomorrow is determined by what you do today. – John Wooten


Check out the New Dave Ramsey Show

20130821-060334.jpg

The Dave Ramsey Show is now available to watch instead of just listening to on the radio.

I just recently downloaded the new app for my phone and tablet and it is great.
You can watch the show live straight from the app, but to be honest I haven’t tried that yet because it doesn’t fit into my schedule.
The reason that I am excited about it is all the highlight show videos that they have archived for you to check out.
These video clips range from 3 to 6 minutes a piece and there are no commercials!

Here is an inspiring video of a young couple that is now debt free.

Get some inspiration yourself and Go to Dave Ramsey.com or get the App and check it out.

There is also a sweet video of Dave and his son “living like no one else” after they have already “lived like no one else”.


3 Reasons to Pursue Financial Freedom

20130817-090752.jpg

In my last post I talked about the key to Financial Freedom.
Here is the link. https://rickangell.com/2013/08/14/the-key-to-financial-freedom/

Here are 3 reasons to pursue financial freedom.

1. No more chains
2. Cut out the middle guy.
3. Make a difference

1. No More Chains
This is the obvious one.
I don’t know about you, but I don’t like the idea of being slave to anyone.
God intended for us to be free and able to make our own decisions.
We are bound by the people that we owe money to and will not obtain true financial freedom until we pay off our debt and owe no one.
(I wish our government would grasp this concept!)

2. Cut out the middle guy
The things that you owe money on are not really yours.
The bank owns your stuff until you make that last payment to them.
Your car and home could be taken away if you stop making payments on them.
But, going a step further, everything in this world is owned by God.
Looking at it that way, wouldn’t it be better that you have true ownership of the things which he has given you or the bank?
Cut out the middle guy by paying off your debt and take sole ownership of the things that God has intended for you.

3. Make a difference
Financially freedom allows you to think of others more than yourself.
If most of your paycheck is going to pay off things that you borrowed money on, then there is little to nothing left to give and help others.
You cannot give if you don’t have anything to give.

Pursue financial freedom so that you can be free, cut out the middle guy and give like no one else.


The Key to Financial Freedom

20130814-063643.jpg

The key to financial freedom can be found in the definition of freedom.

According to the Webster’s dictionary…
Freedom: Liberation from slavery or restraint or from the power of another.

Proverbs 22:7 tells us that the borrower is slave to the lender.

If you owe money to someone you are slave to that person, bank or entity.
They have power over you and can control you to a degree.

The only true way to financial freedom is to owe no one or to be debt free.

Most Americans are slaves to multiple people or entities. We owe money to credit card companies, mortgage lenders, car lenders, retail outlets, colleges and more.

Picture yourself bound by multiple chains, each one representing the person or entity that you owe money to. There is one attached to each of your hands and feet, your neck, waist and so on.
It’s not a pretty picture, but the good thing is that picture can be changed.

Now visualize each one of those chains being broken, one at a time, as you pay off your debt to each. With each chain that is broken you gain more and more freedom until eventually that last payment is made and you are no longer a slave to anyone. You have been set free financially.

The key to true financial freedom is to become debt free and owe no one.

Dave Ramsey offers some great advice on how to gain financial freedom.
Check out his website at http://www.daveramsey.com

I have been following his advice for many years now and only have one chain left to break for my own financial freedom, that being my mortgage.

In my next post I’ll talk about why it is so important to become Financially Free.


What Would You Do Without a Car Payment?

20130717-062654.jpg

We have not had a car payment in close to 10 years and to be honest with you, we have kind of gotten used to it.
It’s hard to imagine having a car payment ever again and with proper budgeting, planning and faith in God, we hope that we never will.

Although a necessity in America, cars are not a good investment of your money and it handcuffs you financially.
If you have a car payment or two I challenge you to pay it off as quickly as possible and make a promise to yourself to never have another one.

Why? Because there is so much more that you can do with that money that can last a life time.

Take a moment and think of possibilities that could open up in your monthly budget.

What would you do without a car payment?

Here are a few things that we have been able to do.

  • Give the kids music lessons or take them yourself
  • Take martial arts such as Karate or TKD as a family
  • Start or add to a college fund
  • Start or add to a retirement account such as an IRA or 401k
  • Give to missions or other ministries in the church

If you have a moment, please take to time to comment and  share what you have been able to do or would do without a car payment.


7 Ways a Family can Eat Out for $20 or Less: Money Saving Tip # 4

piggy_bank_8881

Money Saving Tip # 4: The $20 challenge

As a family we do not eat out a lot, but when we do we search for places that we can eat for $20 or less.
Why $20?
While the kids were young it was easy to eat for $20 or less because they either ate free or could eat the from the kids menu, but as our boys have grown past the kids menu stage it has become increasingly difficult to eat out for $20 or less.
So my wife and I have made it a fun challenge to find ways to continue eating out without spending more than $20.

Here is a list of places that we have found to still work, even with teenagers.

1. Little Caesars
$5 pizza, $3 breadsticks

2. Fast Food Dollar Menu
You must stick to the dollar menu and order waters to drink.

3. Chinese Take Out

4. SubWay
Get $5 Foot longs and share

5. BBQ Take Out

6. Rotisserie Chicken and Veggies from the grocery store
$6 for the chicken and a little more for the veggies.

7. Fried chicken
KFC or Bojangles family deals

One thing that you may notice is that all of these places are take out.
I cannot think of a place to dine in with 2 teenagers and a 10 year old and still eat for less than $20.
If you know of a way or know of other ways to eat out on less than $20 please share.


%d bloggers like this: