We all feel like doofuses and feel like everyone else is doing it right. We’ve got to clear all of that junk and go, okay.
EL SEGUNDO, CA (PRWEB) October 20, 2012
Dave Ramsey, popular personal finance author and radio personality, believes most people are too hard on themselves when it comes to managing money. In his second exclusive interview with Go Banking Rates, Ramsey explains that saving money, getting out of debt trouble and investing isn’t always about having lots of money, but rather, lots of self-belief.
"Most people are over-intimidated, overwhelmed with money, they have a lot of shame, a lot of guilt, because we’ve done such stupid stuff with our money,” Ramsey tells Go Banking Rates. “And we all feel like doofuses and feel like everyone else is doing it right. We’ve got to clear all of that junk and go, okay.”
Go Banking Rates spoke with Ramsey to find out what personal finance novices should do in the following situations:
1. For someone who has never given much thought to savings, what’s the first step they should take to institute a savings plan?
2. If a person is struggling with debt, but also has no savings, which one is best to tackle first?
3. Where can a beginner investor turn to learn how to build his or her first portfolio?
Among Ramsey's responses were making saving money a top priority, using the "snowball" method of paying off debt, and treating investing as if it's a job.
Dave Ramsey's practical, no nonsense finance advice resonates deeply with Go Banking Rates readers – Ramsey has become a trusted expert source for the site, providing his expertise during the its Financial Literacy Movement and also participating in Go Banking Rates' first annual 12 Days of Finance contest last year.
About Go Banking Rates
Go Banking Rates (GoBankingRates.com) a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. Go Banking Rates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information. Go Banking Rates also regularly publishes expert advice from personal finance professionals.
GoBankingRates.com is a division of ConsumerTrack, Inc., an 8-year leader in online lead generation, performance-based marketing, and customer acquisition in the financial, insurance and credit sectors. The company’s portfolio of 1500 finance websites includes GoBankingRates.com, GoInsuranceRates.com, and GoFreeCredit.com. These sites receive more than 2 million visits each month.
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