This past week Dave Ramsey and his daughter Rachel Cruze gave a speech at North Point Ministries in Atlanta. The theme of the series is "Next Gen" challenging all of us to think about what we are leaving for the next generation following us. Here is a summary of the five key points in their message:
1) Quit the comparisons with the Jones'. Social media is our generations primary vehicle for comparisons. Comparisons is one of the number one reasons people use debt to buy things they don't need. Be grateful for what God has given you because with gratitude, there is no room for discontentment.
2) Make a plan for your money. We should use our resources to steward for God. Create a zero base budget which means that every dollar of income has a place or a home. This includes savings, fun, and charitable giving. Don't work for your money, make your money work for you.
3) Steer clear of debt. The borrower is always slave to the lender. Debt is a thief, it steals your income and peace of mind.
4) Use common sense and save money. Common sense is so rare today that it's like having a super power. A foolish man devours all he is.
5) Practice outrageous generosity. It will change you and the people you come in contact with. You can't be generous with your money if you don't have any to give.
What I love most about Dave Ramsey's philosophy is that it is so simple and all common sense. Forget about the Jones', make your money work for you and no matter what your income is, make sure your lifestyle is smaller. As he always says, live like no one else, so that one day you truly can live like no one else.