Successful Finances Require More than Just Learning

financial times

I once heard Dave Ramsey say that when it comes to getting out of debt and staying out of debt, it is 20% knowledge and 80% behavior. Just look at anyone who’s ever said “I know I shouldn’t (insert bad financial habit here) but I just can’t help it!” Anyone can learn all they want about personal finance and still be in financial trouble if they never apply what they’ve learned to their own life. It’s still important to seek out financial advice, but more important than that is actually putting that advice into action.

There are many reasons while people don’t put into practice the things that they learn. First of all, there are those p


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4 Responses to Successful Finances Require More than Just Learning

  1. jrap says:

    This is the truth with most things. People usually have the knowledge, but for whatever reason, choose not to act on that knowledge. You need to take action to receive the benefits – it doesn’t just happen because you know it.

  2. Lisa says:

    I am so glad that I found this website. I get new insight daily and you are right: Action is the key word.

    I have had SO much financial despair and debt problems and nothing changed until I started to do things differently. That is, take some action on what I had been reading and learning!

  3. DW Diva says:

    Great suggestions. I’ve stayed away from reading books that are not where I am simply because I know they can’t help me currently. Besides,there’s so much available at my current level. Why waste time? I know when I’m ready to move up those same books and more will be available.

    Regarding taking action, when I’ve done it as opposed to sticking my head in the sand the way I feel about myself is more positive, even if I don’t get the desired outcome. There’s something about movement that makes me feel I’m accomplishing something. That way guilt doesn’t creep in. On that note I have something to tackle that I’ve been avoiding most of the day. Thanks again for the post.

  4. Zainuddin Ab Rahim says:

    The article make sense. The rule of thumbs in making any changes or management of change is for things to change, I must change first.

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