19 Greatest Dave Ramsey Quotes about Being Debt Free (2024)

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If you are even slightly inclined to read about budgeting and paying off debt, then you know who Dave Ramsey is. From filing for bankruptcy to accumulating a net worth of more than $55 million, his life is the kind of story that we all would imagine in a movie or a bestselling fictional book. However, he is a real person who showed the world that anyone can turn his/ her financial situation and come out as a winner.

Here are 19 greatest Dave Ramsey quotes about being debt free to inspire you and motivate you to make a better financial future for yourself and your loved ones. Read on to get inspired by the most sought-after financial advisor of the US.

  • “If you will live like no one else, later you can live like no one else.” Also “Live like no else today, so you can live like no else tomorrow.”
19 Greatest Dave Ramsey Quotes about Being Debt Free (1)
  • “Act your wage.”
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  • “A budget is telling your money where to goinstead of wondering where it went.”
19 Greatest Dave Ramsey Quotes about Being Debt Free (4)
  • “Pray like it all depends on God, but work likeit all depends on you.”
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  • “Your decisions from today forward will affect not only your life, but also your entire legacy.”
19 Greatest Dave Ramsey Quotes about Being Debt Free (6)
  • “For your own good, for the good of yourfamily and your future, grow a backbone. When something is wrong, stand up andsay it is wrong, and don’t back down.”
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  • “You must walk to the beat of adifferent drummer. The same beat that the wealthy hear. If the beat soundsnormal, evacuate the dance floor immediately! The goal is to not be normal,because as my radio listeners know, normal is broke.”
19 Greatest Dave Ramsey Quotes about Being Debt Free (8)
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  • “The thing I have discovered about workingwithpersonal financeis that the good news is that it isnot rocket science. Personal finance is about 80 percent behavior. It is onlyabout 20 percent head knowledge.”
  • “I’m a Christian. Years ago, I went broke, so Idecided to run every part of my life according to the Bible. It sounds hokey,but it works. You run your marriage that way, and it works. It will work withbusiness, too, and finances. Treat people like you want to be treated.”
  • “Debt is so ingrained into our culture that most Americans can’t even envision a car without a payment … a house without a mortgage … a student without a loan … and credit without a card. We’ve been sold debt with such repetition and with such fervor that most folks can’t conceive of what it would be like to have NO payments.”
  • “If hard work, integrity, thrift, and perseverance have caused you to succeed, then you don’t owe anyone an apology for winning.”
  • “Study the habits of the people you want to be like and then imitate them. If they are succeeding, they must be doing something right.”
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  • “Don’t buy things you can’t afford, with money you don’t have, to impress people you don’t like.”
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  • “What to do isn’t the problem; doing it is. Most of us know what to do, but we just don’t do it. If I can control the guy in the mirror, I can be skinny and rich.”
  • “Wealth comes from hard work but not because of hard work. Wealth comes because of God. Everything is His.”
  • “I’m not against people having new cars. I’m against them having you. We spend a tremendous amount impressing somebody at the stoplight who we’ll never meet. It makes you broke and keeps you broke.”
  • “Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this.”
  • “Debt is normal! So why be normal?”
  • “You have to reach the point that what people think is not your primary motivator. Reaching the goal is the motivator.”
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These are just like the tip of an iceberg of Dave’s impeccable insights. If any of these inspire you, pin them to Pinterest, share to Facebook or just let me know in the comments which is your favorite!

Here are some more articles you may be interested in:

  • 9 Money Savings Challenges You Should Try
  • Getting Started with your First Budget
  • How to Sign Up for Coupons by Email and Save Money
19 Greatest Dave Ramsey Quotes about Being Debt Free (2024)

FAQs

What was Dave Ramsey's famous quote? ›

11 Dave Ramsey Quotes to Inspire Your Wallet
  • If you will live like no one else today, later you can live like no one else. ...
  • Act your wage. ...
  • Debt gives you the ability to look like you're winning when you're not. ...
  • Those who don't manage their money will always work for those who do.
Jan 27, 2021

What is an inspirational debt free quote? ›

Debt free quotes to keep you inspired
  • “He who is quick to borrow, is slow to pay.” An old German proverb. ...
  • "Remember this: debt is a form of bondage. ...
  • “If you're thinking of debt, that's what you're going to attract.” - Bob Proctor. ...
  • “No man's credit is as good as his money.” - John Dewey.
May 7, 2023

Why doesn t Dave Ramsey like debt? ›

Ramsey has made it clear that he doesn't think there's ever a reason to borrow because of the financial danger that being in debt presents. "Debt always equals risk, and it's always dumb," he said.

How many people has Dave Ramsey helped out of debt? ›

More than 25 years ago, Dave Ramsey fought his way out of bankruptcy and millions of dollars of debt. He took what he learned and started teaching people God's and Grandma's ways of handling money. Since then, Financial Peace University has helped nearly 10 million people take control of their money for good.

What does Dave Ramsey say you should save? ›

According to the Ramsey Solutions post, the recommendation is to invest 15% of your household income for retirement. The article uses the example of a household income which is $80,000 annually. Based on these earnings, each year you need to invest $12,000 towards your retirement savings.

What is Ramsey's spending breakdown? ›

Savings – 10-15% Personal -10-15% Transportation: 10-15% Insurance: 10-25%

What does the Bible say about debt free? ›

The Bible on Debt

Read the first portion of Romans 13:8 from several different translations: “Owe no man anything” (KJV). “Let no debt remain outstanding” (NIV). “Don't run up debts” (MSG). “Owe nothing to anyone” (NASB).

What is the quote forever in debt? ›

I am forever in your debt. I will never be able to express how grateful I am for your support.

Is it good to be completely debt free? ›

Being debt-free is a financial milestone we often hear about people striving for. Without debt, you can focus on building more savings, investing those extra funds and just simply having more peace of mind about your finances.

Do 90% of millionaires make over 100k a year? ›

69% of millionaires did not average $100,000 or more in household income per year-and (get this) one-third of millionaires NEVER had a six-figure household income in their entire careers. When people don't waste money trying to LOOK wealthy, they have money to actually BECOME wealthy.

Does Dave Ramsey consider a mortgage to be debt? ›

A Mortgage

While Ramsey makes allowances for taking out a mortgage to buy a home, this allowance comes with some guidelines. Because a mortgage is a debt, it also comes with an interest rate, which can significantly raise the final amount you'll pay on your home.

What does the Bible say about money Dave Ramsey? ›

Proverbs 13:11 (ESV): “Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.” Proverbs 28:20 (NKJV): “A faithful man will abound with blessings, but he who hastens to be rich will not go unpunished.”

What are the Dave Ramsey 7 steps? ›

Dave Ramsey's 7 Budgeting Baby Steps
  • Step 1: Start an Emergency Fund. ...
  • Step 2: Focus on Debts. ...
  • Step 3: Complete Your Emergency Fund. ...
  • Step 4: Save for Retirement. ...
  • Step 5: Save for College Funds. ...
  • Step 6: Pay Off Your House. ...
  • Step 7: Build Wealth.
Jun 3, 2024

Who carries the most debt? ›

United States. The United States boasts both the world's biggest national debt in terms of dollar amount and its largest economy, which resolves to a debt-to GDP ratio of approximately 121.31%. The United States' government's spending exceeds its income most years, and the US has not had a budget surplus since 2001.

What is Dave Ramsey most known for? ›

Dave Ramsey is one of the nation's most celebrated respected and sought-after finance gurus for building wealth, a famous radio host, a successful businessman and a bestselling author. He's also a self-made man who started with nothing and built a seven-figure net worth and a $250,000 annual income by age 26.

What is the famous quote follow the money? ›

"Follow the money" is a catchphrase popularized by the 1976 docudrama film All the President's Men, which suggests political corruption can be brought to light by examining money transfers between parties.

What are Dave Ramsey's beliefs? ›

Ramsey is a devout Christian. He promotes donating and giving to those in need, while also building your own wealth and reaching financial security. If you struggle with the idea of building your own money while also sticking to your beliefs and morals, Ramsey might be able to provide some help.

What are Dave Ramsey's principles? ›

Plain and simple, here's the Ramsey Solutions investing philosophy: Get out of debt and save up a fully funded emergency fund first. Invest 15% of your income in tax-advantaged retirement accounts. Invest in good growth stock mutual funds.

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