Dumping Debt - Freedom from Debt - Sermon by Dave Ramsey

Notes:

• "If you want to win, find winners and emulate or mimic what they are doing." (Dave)

• Jesus said it's tough to serve two masters.
• Make sure yours isn't Him and then debt.

• "If you tell a lie or spread a myth often enough.... the myth becomes accepted as truth." (Dave)

• Build your credit. All hail FICO.
• "When you quit borrowing money, your credit score will erude." (Dave)
• God is your Provider. Not anything else.
• Psalm 23:1 - "The Lord is my shepherd; I have all that I need."

• Get a car.
• Get a house.
• Creative financing = too broke to buy a house. Haha.
• 52% of marriages end in divorce today. #1 cause is money fights and money fights. Of those who divorced in the first 7 years, 90% say money caused it.

• The benefit to being broke = you don't care what people think about you anymore. (Dave)

• If you read Proverbs over and over and over again, you get a master's in finance.
• LOVE THAT Dave. Well said.
• "If you've signed surety, my son, do this. Give no sleep to your eyelids, no slumber to your eyes, and deliver yourself like a gazelle from the hand of the hunter, a bird from the hand of the fowler." - Proverbs 6:1-7
• Fun fact: a cheetah catches a gazelle 1 in 9 times, yet a cheetah can outrun a gazelle by plentyyyy.

• BONDAGE IS BROKEN WITH DEBT:
1. Gazelle INTENSITY.
• "You can wonder into debt honey, but you can't wonder out." (Dave)
2. Debt SNOWBALL.
1. You must SAVE MONEY.
2. Quit BORROWING more money.
• I.E. pay cash down on a car after saving for 10-12 months.
3. PRAYER really works.
• "God owns everything. So, if you're dad is rich and you're in debt, phone home ET." (Dave)
4. SELL something.
5. Take a PART-TIME JOB.
• The diligent prosper.
• Don't work, don't eat.
• Income up, debt down. Giving and saving in between.
• "Intensity for a short-period of time blows things up." (Dave)
6. This is about behavior modification. You v. You.
7. Have a plan. Have a system. Have a map and use the damn thing like your life depends on it.... because it does!
• When you can see the end, you run a little bit faster.
8. "Normal is broke. The Bible says be a proculiar people." (Dave)

• $1 million
• $1 billion