A single mother struggles to afford her car payment and keep food on the table. A college graduate can’t accept his dream job because it doesn’t pay enough to cover his student loan bills. A widow grieves the loss of her husband and wonders how she’s going to make ends meet with the massive mortgage looming over her head.
These stories could go on for a lifetime. And they all have one thing in common:
A nasty four-letter word if ever there was one!
And what makes it so nasty? It’s killing the dreams of so many people just like you.
A recent study showed that 80% of Americans are caught up in the chains of debt. That’s a huge number! To get a better idea of just how huge, try this little activity: Next time you walk down the street, count the first 10 people you see. According to statistics, 8 of those 10 are strapped with debt. It might just feel like an inconvenience to some, but it may be ruining the lives of others—like the single parent or the widow.
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Mortgages are the most common debt that Americans carry, followed closely by unpaid credit card balances, car loans, and student loans. No matter what form debt takes, it’s safe to say that all these bills are keeping many people from living the lives they want—the lives they always imagined.
Families can’t afford to buy homes or take vacations. Young couples can’t afford to start a family. And 22-year-old college graduates are starting their adult lives with around $35,000 in student loans.
Debt is out of control in America, and it has people feeling trapped. It backs you into a corner and stands between you and your dreams. Debt drains your hope. It hurts your relationships and keeps you from living a full and generous life. Does anyone want that?
But here’s the good news: The story doesn’t have to end there. Not for the single mom, the college student, the widow—or for you.
You don’t have to stay in that corner. You can refuse to be a part of the 80%. And it all starts with a single decision: the decision to change.
You can decide to change your life by learning how to handle your money. And you know what’s great about that? Managing your money is really only 20% head knowledge. The rest is behavior change.
Don’t misunderstand. Getting out of debt is no walk in the park! It takes some serious dedication and gazelle intensity to shake off all those shackles. But it is possible. And you can start now! Once you change your perspective and decide to hate debt, you’re already well on your way to rewriting your entire financial legacy.
Nearly 7 in 10 people believe debt is a necessity in their lives—even though they don’t want it. A surprising number of people are even carrying debt into retirement, which is the last thing you want. You finally have enough in your savings to retire, but you’re still dragging your good ole pet "student loan" or "car debt" into your golden years? No way!
Imagine what your life will be like when you don’t owe anyone anything. Not a single penny! It’s a brand-new month, and you have zero credit card payments and zero student loan bills. You don’t even owe anything on your car! Can you picture it? Can you feel the relief?
If kicking debt out of your life sounds good, you just need a plan. One that actually works. Get that plan—and all the tools you need to make it happen—with Ramsey+. Listen, when you look at people who've followed the teachings in Ramsey+, you'll see incredible wins. The average family pays off $5,300 in debt in the first 90 days! You don't have to be part of the 80% of people stuck in debt.
Start rewriting your story today with a free trial to Ramsey+.