Dave Ramsey is America’s trusted voice on money and business. He’s authored seven national best-selling books: Financial Peace, More Than Enough, The Total Money Makeover, EntreLeadership, Dave Ramsey’s Complete Guide to Money, Smart Money Smart Kids, and The Legacy Journey. The Dave Ramsey Show is heard by more than 12 million listeners each week on more than 575 radio stations and digital outlets.
As a seasoned communicator and Ramsey Personality, Rachel Cruze has been speaking to groups as large as 10,000 for more than a decade. The daughter of Dave Ramsey, she joined Ramsey Solutions in 2010 and uses the knowledge and experiences from growing up in the Ramsey household to educate others on the proper way to handle their money wisely and stay out of debt. Rachel co-authored the #1 national best-selling book Smart Money Smart Kids with her dad. Her new book, Love Your Life, Not Theirs, releases October 2016.
A popular and dynamic speaker on the topics of personal finance, retirement and leadership, Chris Hogan helps people across the country develop successful strategies to manage their money in both their personal lives and businesses. He is the host of the Retire Inspired Podcast and the author of Retire Inspired: It's Not an Age; It's a Financial Number, a #1 national best seller. For more than a decade, Chris has served at Ramsey Solutions as a trusted financial coach and Ramsey Personality.
Chris Brown is a nationally syndicated radio talk show host, pastor and dynamic speaker carrying the message of stewardship and intentional living nationwide as a Ramsey Personality. Available on radio stations across the country, Chris Brown's True Stewardship provides biblical solutions and sound advice for questions on life and money. Prior to joining Ramsey Solutions in 2014, Chris spent seven years leading many to Christ while growing churches in North Carolina and Florida. Chris and his wife, Holly, live in Franklin, Tennessee, with their three children.
An inspiring and enthusiastic presenter, Christy Wright has spoken to groups of thousands at corporate events, women's conferences and some of the country's top universities. Christy is also a certified business coach whose direct and genuine presentations cover a range of topics from business and money management to personal development and goal setting.
At age 19, Anthony ONeal was deep in debt and short on hope with no direction of where his life was headed. But after hitting rock bottom, he turned his life around and committed to helping students find and pursue their passions. Since 2003, Anthony ONeal has helped thousands of students succeed with money in their work and personal lives. Now Anthony has joined Ramsey Solutions to spread this encouraging message to students nationwide as a Ramsey Personality.
This month’s #askrachel is a great question about staying motivated on Baby Step 2. I know it can be really hard to stay on track, so I hope these tips help. Send me your questions on social media using #askrachel!
Breaking down one big debt into smaller, manageable goals is great advice. For instance, I have a $54,000 student loan and it’s easy to look at it and go arg….very little progress is being made. In January it was $57,000 and now it’s only $54,000!!! However, if I broke this down to smaller goals and say tier 1 is $5000 paid, tier 2 is $10,000, 3 is $20,000 and so on, then I can say only $2000 more to go and I can check off tier 1 goal! While it may not sound like much difference at first when you go to check off tier 1 once you hit the $5000 mark it will give you some satisfaction as you can see progress being made with your goals. It’s a mindset thing and being able to say tier 1 goal met and on to tier 2 gives you much more motivation than just saying I started at $57,000 and have $52,000 to go.
Also by seeing how much extra you save in interest by paying extra each month should help keep you motivated. I recently wrote a calculator for myself so I could play around with numbers. (although geared for mortgages it works for any loan.) http://savvythis.com/mtg/
Nice tool Timothy. Thanks for sharing!
We just did our debt-free scream on Monday on Dave’s show after paying off $457,000 in 7 years. 7 YEARS! It felt like it was never going to end but we are here to tell you that it can be done! Stick to it! The motivation that worked for us was watching a lot of videos of other people doing their scream, rewarding ourselves in little ways (like ordering pizza or going out to lunch with our teenagers after church) when we reached small milestones (such as paying off a certain amount of a student loan or pushing past a block of time). We had a jar we kept our change in that we would use as extra blow money when we just felt like the belt was too tight or we couldn’t make it another day staying on the grocery budget. Keep a record and remind yourself often of how much you have paid off already…looking back can keep you moving forward. Remember, it is so much easier to do something hard for a short time than something mediocre for a really long time. Rewatch the Financial Peace videos….remember the gazelle getting away?? That WILL be YOU!
Rewatching success stories and reading about ones like yours is a great motivator. Thank you for sharing!
This is AWESOME!!!! Congrats to you!!!!