Monday, 09 November 2015 12:46

Dave Says

Written by  Dave Ramsey
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Q. With all the economic problems in the country today, what can college students do to avoid money problems in the future?


A. There are always three or four things smart things you can do to protect yourself financially. One is to live on a budget. When you give every dollar you make a name, and write in down on paper, it helps you know what your money is doing instead of wondering where it went.


Two more good ideas are staying out of debt, and saving as much money as possible. Your money is your biggest wealth-building tool, and when you’re saddled with debt, your money goes to creditors instead of into your pocket. Saving money is what prepares you for the good and bad things life throws at you — whether it’s putting money aside to buy a car, a house or handling unexpected things that always happen.


Another thing is investing. I know you’re young, but a little bit invested now could make you a millionaire when you’re ready to retire. These are all simple things, but they’ll make a huge difference in your financial situation now and in the years to come!



Q. I’m having issues with my youngest brother, and I need some advice. He’s 25, divorced and has two kids. He only wants to play dad when it’s convenient for him, and he’s very irresponsible with money as well. Our parents passed away a few years ago, so this leaves me to be the big brother and dad at the same time. I worry about him, but I’m not sure how to help him grow up. Any advice?



A. One of the bad things about these situations is watching people you love do stupid things to themselves and the people around them. And I don’t know that there’s really a lot you can do without becoming the enemy to some degree. You can always try to hold him to a higher standard and refuse to tolerate immature, irresponsible behavior

when you’re around him. You might even look for opportunities to use yourself as an example. Point out areas in your life where you made mistakes in the past and how you fixed the problems. But to go out and directly intervene in his life, trying to force him to be a man, would be a tough thing to pull off.


When I help people on my show, I have the benefit of them calling in and actually looking to me for help. These people actually care about what I think. I don’t just walk up to folks and say, “You know, what you’re doing there is really stupid. Let me fix you.” I think that’s kind of the situation you’re in right now.


I would also begin to pray for him, and ask God to bring people into his life who will have a positive impact.

You never know what might happen, and asking God for help is never a bad idea. Who knows? He might even start dating some strong, mature young woman who’ll jerk a knot in his tail and straighten him up!

Last modified on Monday, 09 November 2015 13:09
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