Interrupter CheckmarkInterrupter IconFacebookGoogle PlusInstagramGroupRamsey SolutionsTwitterYouTubeExpand MenuStoreCloseSearchExpand MenuBackStoreSign in
Skip to Main Content

Tax Pro vs. File Your Own? Take Our Quiz!

3 Money Tips to Get You Through the 2012 Election

A presidential election is coming up soon—maybe you’ve heard? And it’s not just Obama and Romney who’ve pinned their hopes to the outcome on Election Day. Many people are convinced that their own personal financial futures depend on the “right” man taking office.

The Problems Are Real

There is no doubt our country is facing some real economic challenges. The national debt has risen to more than $16 trillion. We’ve faced years of historic levels of unemployment. Millions of folks are facing retirement wondering if they have enough money saved to meet their basic needs.

On top of that, there are many important questions to answer. Should we reform our income tax code? If so, how? Should we repeal and/or replace ObamaCare, or proceed with its full implementation? And maybe most importantly, what, if anything, should we do about Americans’ increasing dependence on the government to meet their everyday needs?

Since there’s nothing like politics and money to get folks riled up, it’s easy to translate these national-scale issues into your own personal finances. But that leads to two types of mistakes. Either you put all your financial decisions on hold and go into wait-and-see mode, or you make rash decisions—knee-jerk reactions to the news of the day and the latest “expert” advice.

You Can’t Wait on Washington

Here’s a fact: No one in Washington, D.C., cares more about your family or your financial future than you. You must make your own decisions and take action based on what’s best for your family today.

Get out of debt. No legislation coming out of D.C. can replace the feeling you’ll get from taking control of your own future. Pay off your debt as quickly as you can, then start saving up your emergency fund. Learn about Dave’s plan to help you get out of debt in a Financial Peace University class near you.

Build wealth. The “best” time to start investing isn’t defined by market conditions; it’s defined by your personal financial situation. When you’re out of debt and have an emergency fund, it’s time to invest for retirement, no matter who is in office or what the stock market is doing. Once you’ve started investing, work with an advisor to stay on track to meet your goals.

Get covered. A lot of the debate in Washington is centered on the Affordable Health Care Act, or ObamaCare. No matter where you stand on the issue, it is irresponsible for you or your family to go without basic health insurance coverage. Work with an independent insurance agent to find coverage you can afford.

Two Things You Can Do

Pay attention to the issues and the candidates, and vote for the person you believe is best for the job. That is the least you can do to help solve our country’s problems.

But never depend on Washington to solve your problems! Those solutions are your responsibility. And you can solve them by taking action now!

Ramsey Solutions

About the author

Ramsey Solutions

Ramsey Solutions has been committed to helping people regain control of their money, build wealth, grow their leadership skills, and enhance their lives through personal development since 1992. Millions of people have used our financial advice through 22 books (including 12 national bestsellers) published by Ramsey Press, as well as two syndicated radio shows and 10 podcasts, which have over 17 million weekly listeners.

Related Articles

Sharon and I in Sedona playing Snoopy and Red Baron

I Got Your Six

5 Minute Read |

In my noble Hillbilly culture we like sayin’s—simple phrases that we might not even know the origin of but that tell a whole story in just a few words.

Dave Ramsey Dave Ramsey

Ramsey Solutions Blog


4 Minute Read |

"I talked to a guy on my radio show the other day who was scared . . . He had just gotten laid off from a job he'd had for 28 years. He was making $38,000 per year and didn't see it coming."

Dave Ramsey Dave Ramsey

Ramsey Solutions Blog

Why Wouldn't I?

5 Minute Read |

You are better than your fear tells you.

Dave Ramsey Dave Ramsey