What do you think of when you think of debt. credit card, house loan, car loan. These things all keep us from our personal financial goals. I am not saying I am any better. I see something, and it takes me a swift kick in the ass to convince myself that I don’t need these better features on the car. Or I should probably not buy this for my girlfriend because it is something I may have to get a few paychecks to pay off on the credit card. I have begun to tell myself “You do not need that.” What is embarrassing, is that I do it a lot. Instead of putting money aside, because let’s be honest, we are all not the greatest at doing that if you don’t have at least a couple thousand in your bank right now. Forget about 3-6 months of savings for your monthly expenses in case you lose your job, car breaks down etc. If you don’t have at least 2k in the bank, then you suck at saving money.
Quick google search, you will see anywhere from 49- 57% of Americans cannot afford A 1000-dollar emergency expense. So why do we keep doing this? Why is it that we don’t teach the Gen Z or millennials about money. Personally, I will blame parents for most things. You bought them an iPad but you don’t teach them how it was paid for? Hell, they spend 10 hours on the stupid things but none of what they are watching is contributing to their education They watch these mindless videos of soccer tricks or blowing up watermelons.
There are things you must force your children to do. Don’t care if they are over the age of 18, if they don’t want to listen and then when they come back to you at 25 and ask why they were never taught this you can say because you didn’t want to stupid. Parents that are tougher than their kids are like one of my favorite things to watch. Watching weak parents controlled by their kids makes me sick. It is worse than watching Hoarders, or The Biggest Loser.
One of my favorite quotes by Dave Ramsey is “personal finance is 80% behavior and 20% knowledge.” It just sums a lot of things up. You must change who you are. Right now, you suck because you’re not willing to do what is necessary in order to make those changes in your life. This is not The Oprah show, this is BanGov. YOU NEED TO CHANGE. If it seems as if you cannot break this cycle of debt and indecision on what to do with your life. Try and find someone that will guide you towards getting out of the weeds. Making your life a little better, bit by bit. Just simple pieces of knowledge. All you have to do is stop buying dumb shit. If possible, if it doesn’t come down to a necessity. Food, water, mortgage, rent, car payment, utilities, gas. Then don’t buy it. Put into action, and first start with writing what your bills are and what is made on top of that. If you need a second job, get one. If you need to get a smaller place, or even some roommates, then get one. Cut down your bills as much as you can in order to get ahead of your finances. In a year of committing to bettering yourself you will have made more changes than you can count, and only then will be happier. Happiness is a state of mind and what you implement. If you let someone else determine that, you’re a slave. Bangov Actual, out.
